DAILYHUNT LAYOFFS

Koo, the Indian social media platform aiming to rival Twitter, has closed down due to unsuccessful acquisition negotiations. The company struggled with funding challenges and workforce reductions amidst a competitive landscape.

“Patient, long term capital is essential to build ambitious, world beating products from India be it in social media, Al, space, EV or other futuristic categories. It will need a lot more capital when the space has a global giant already," Radhakris...

The Bengaluru bench of NCLT asked the petitioner – Glas Trust Company LLC – to issue a notice to Byju's for defaulting on payment of the $1.2-billion term loan B it had guaranteed for its US subsidiary Alpha Inc. It also gave Byju’s parent Think & L...

Mohalla Tech CFO Manohar Charan said the company is looking to cut its losses to below Rs 1,000 crore in the ongoing financial year as it rationalises costs across key businesses like ShareChat and its short-video platform Moj.

On Sunday, the Indian government issued orders to block 138 betting and gambling apps and 94 loan providing apps due to foreign links on an urgent and emergency basis. Today, we have found out that the ban has affected players like PayU's Lazypay, K...

For the affected employees at ShareChat’s parent firm, the company is provided a financial package that includes a payout for the notice period and an additional 15 days of monthly gross salary for each completed year of service as a full-time emplo...

Days after we reported that digital payments major PhonePe was set to acquire buy-now-pay-later platform ZestMoney, India’s fintech sector is set for more consolidation. Kunal Shah’s Cred announced earlier today it has struck a deal to buy 10-year-o...

As part of a cost-cutting exercise, the company has also cut the salaries of employees earning more than Rs 10 lakh annually by 11%.

The regulator’s directive quickly sparked confusion and frustrations among fintech startups, which told us the RBI appears to be giving banks full control over innovation in the fledgling sector.

From Pine Labs’ AllTap app for contactless payments to Bytedance’s layoffs in India in the aftermath of the TikTok ban, here’s a look at the top tech news today.