Tag: funds
Partial disbursement of pending salaries at Byju’s
Due to financial constraints, Byju’s, the edtech startup had been delaying the payment of salaries. It has processed the February salaries for all its...
Byju’s founder takes loan to pay pending salaries of employees
The cash crunch at Byju’s, the Indian edtech startup seems to be continuing. Latest media reports say that Byju Raveendran, founder of the firm,...
Strike call by government staff in Karnataka & West Bengal
Government employees in Karnataka are disappointed that the state government has not set aside adequate funds for a pay hike. The employees were hoping...
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...
Swvl, MPL lay off employees citing drying funds, pandemic
The Dubai-based mass transit solutions startup, Swvl, will lay off 32 per cent of its workforce. The objective is to enhance business efficiency, reduce...
Gigforce, the staffing platform, raises $2 million in funds
Gigforce, the on-demand staffing platform, has received a fresh infusion of funds to the tune of $2 million from Meraki Labs. With this latest...
Advantage Club bags $5 mn in funds, will expand team by...
HR Tech startup, Advantage Club has managed to raise about $5 million from various investors including, Y-Combinator, Jetty Ventures, Earlsfield Capital, SMC Advisors, as...
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...
Delhi government releases Rs 28.24 cr for salaries of DU staff
Finally, there is good news for the employees of the 12 Delhi University colleges fully funded by the Delhi government. Funds to the tune...
Staff-management solutions platform, PagarBook raises US$15 mn in funding
PagarBook, the staff-management solutions company born in 2019, has managed to raise funds of US$15 million in a Series A round, led by Sequoia...
JP Morgan to spend Rs 17 crore on upskilling 4,800 Indian...
American multinational investment bank and financial services holding company, JP Morgan, will be donating Rs 17 crore, that is, about $2.25 million, to provide...
Virgin Atlantic may lay off over 3,000 employees
No airline has escaped the effect of the pandemic, given that most airports are sealed and flights have been grounded for months now. British...
BSNL seeks funds yet again
Bharat Sanchar Nigam (BSNL), the state-owned telecom company, has again approached the Government for funds to pay the June salaries of its staff, which...
Jet employees to raise funds and keep airline in business
Jet Airways is used to flying in the sky but this time round it has a dark cloud over its head. Finding an escape...