Tag: funding

Icertis lays off members of sales & marketing team

In October 2022, Icertis, the Software-as-a-Service (SaaS) company raised $150 million in funding from Silicon Valley Bank. The fund comprised a revolving credit arrangement...

385 jobs cut at Vedantu, leadership take 50% pay cut

Vedantu, the edtech unicorn, has laid off 385 employees from its workforce, taking the tally of those laid off this year to over 1,000....

Udaan heading for second round of layoff

Udaan, the Indian B2B e-commerce platform in India is reportedly set to lay off employees in the second round of layoffs this year, in...

GoFloaters raises seed fund from Loyal VC

Gofloaters, the hybrid workplace platform has managed to raise seed funding from Canada-based venture fund, Loyal VC. The funding amount has yet to be...

Is SoftBank laying off 30% of Vision Fund team?

The investment division of SoftBank, the Vision Fund, is reportedly being downsized. About 150 people from the 500-strong team may lose their jobs reported...

Edtech platform, LEAD, cuts jobs, reduces team size

In a bid to cut costs and focus on profitability, LEAD, an edtech platform, has laid off a significant number of members from its...

PriceLabs gets $30 mn funding, to expand team

Having managed to raise funds to the tune of $30 million, as part of a Series A funding, PriceLabs Inc., the pricing and revenue-management...

ESOPs worth $500,000 for Biz2Credit’s India team

Biz2Credit, the online marketplace for small business funding, has announced its employee stock ownership plan (ESOP) policy for its India workforce, allowing the employees...

Geekster raises $1.30 mn in funding, will expand team & portfolio

Geekster, the career-focused edtech platform has managed to raise $1.30 mn in a pre-series A round led by Inflection Point Ventures. MyNavi Corporation, Japan-based...

Here’s a firm that funds employees’ businesses

Lattice, a San Francisco-based company is offering funds to the tune of $100,000 to employees who decide to leave the Company and set up...

Upgrad to expand team by 3,000 in 3 months, to get...

Just when there has been a string of layoffs in the edtech space, Upgrad has revealed its intention to expand its 4,000-strong team by...

Synaptic to increase workforce by 2023, raises $20 mn in funding

In a world of uncertainty, where the startups that once saw a boom are now laying off people in thousands due to a fund...

Rippling raises $250 mn in Series D funding round

Rippling the HR tech startup, has managed to raise $250 million in funds, taking its valuation to more than $11 billion. The Series D...

HONO raises $5 million in Series A funding round

HONO, an HR automation and tech platform has received funding through a series A round in which Aakash Chaudhry, managing director, Aakash+BYJU’s participated. This...

Smartstaff gets funding of $4.3 mn

Smartstaff, the blue-collar employee-management platform, has received seed funding of $4.3 million from Blume Ventures, Nexus Venture Partners, Arkam Ventures, Gemba Capital and some...

Swiggy plans ESOP liquidity events over 2 years

After receiving funding of $1.25 billion, led by SoftBank Vision and Swiggy’s existing investor, Prosus, the board has decided to come up with a...

Mentza raises seed funding of $400K

Mentza, an audio-based conversational platform, has raised a seed round of $400k led by Inflection Point Ventures. The fresh capital will be utilised to...

Edu-tech startup, byteXL, gets funding of $200,000

byteXL, the experiential learning platform for IT career aspirants, has raised a seed fund of US$2,00,000 in an angel round. Joseph Joy, president, Joy...

Indian job portal, apna.co, bags funding of $100 mn

Indian jobs platform and professional network, apna, has secured about $100 million in a series C funding led by Tiger Global. This takes apna’s...

Nova Benefits receives $10 mn in funding

Nova Benefits, the Indian employee-wellness platform, has managed to get a funding of $10 million in a Series A round led by Susquehanna International...

Zeal secures $13 mn in funding

Zeal, the embedded fintech company, has managed to bag $13 million in Series A, led by Spark Capital. The fresh funds will be used...

$78 mn funding for yellow.ai, hiring in the pipeline

Customer experience (CX) automation platform, yellow.ai, has managed to raise $78.15 million in a Series C funding round. With this, the total funding it...

Schneider to fund Luminous’ expansion, create 2,000 direct jobs

Schneider Electric, the energy and automation digital solutions company, will invest Rs 350 to 400 crore in Luminous Power Technologies, its Indian subsidiary. The...

Ecom Express receives fresh funding, will hire 8,000

Ecom Express, the technology-driven logistics solutions company, will create about 8,000 jobs in India now that it has received fresh capital to the tune...

$3 million raised by Kanarys in seed funding round

Kanarys, a data-driven tech platform, which provides diversity and inclusion solutions to enable businesses to make more empowered decisions, has raised $3 million in...

CRED buys back shares worth Rs 9 crore from staff

CRED, the credit card payment app, has managed to raise $81 million in a Series C round. As part of the process, the Bengaluru-based...

Latest

‘Revise wages periodically in public interest’: SC to public employers

According to the Supreme Court, State and public employers are obliged to revise wages for their employees periodically, considering the adverse effects of price...

Severance package costs $640 million for 18000 laid off amazon employees

Last month, Amazon laid off over 18,000 employees and, as a result, the company incurred a cost of $640 million in severance packages in...

Bangladesh Government to review salary for garment workers

The Bangladesh government is preparing to evaluate the minimum monthly salary for garment workers. The Department of Labour, under the Ministry of Labour and...

Increase in retirement age to 64 is unalterable: French Labour Minister 

On February 1, 2023, the French Labour Minister, Oliver Dussopt, declared that the increase in retirement age to 64 is unalterable. This statement came...

DIALOGUE

EQ, IQ & empathy define the success of a CEO

Q. You spent 16 years at LIC before moving to a corporate role at ICICI Prudential. Now, 22 years on, I am still curious...

“The big change has been that we have moved from jobs to skills,” Amaresh...

Q. How would you define the culture at GE? A. Having been present in this region since 1902, GE has been around for 120 years....

“Being good to everyone is being unjust to performers,” Mathew Job, CEO, Crompton

Q. In today’s times, what’s more challenging for a CEO like you — profit & business growth, talent & people, diversification, compliance or managing...