KISSFLOW LAYOFFS
Ixigo IPO fully subscribed; more layoffs at Paytm
The initial public offering of subscription travel firm Ixigo sailed through on the first day on robust retail interest. Details on this and more in today's ETtech Top 5.
Bootstrapped SaaS startup Kissflow culls 11% workforce
Kissflow, a Chennai-based startup, announced the layoff of about 45 employees (11% of its workforce) across India, the US, and the UAE. The CEO, Suresh Sambandam, cited reasons such as procurement strategy shift and annual performance reviews. In 2022, the company had gifted BMWs to key staffers for employee appreciation.
2022 Year in Review | Slowdown cloud: Value-for-money software is silver lining for India SaaS
Indian Software-as-a-Service companies are bracing for slower quarters as a potential recession in US could hurt topline.
SaaS companies lean on core business to ride out US market storm
Firms turn to ‘efficient growth’ and ‘path to profitability’ as buyers review their spends.
A unicorn in the making, Centre writes to Meta over WhatsApp outage, and more
Private equity giant Apis Partners is expected to lead the round and join in as a new investor. Apis is expected to invest roughly $65 million, with the rest of the corpus coming from internal investors and private equity funds.
From SaaS to Reliance effect, here are eight trends that are reshaping pandemic-hit startup world
The pandemic has reshaped the startup landscape. Stress took its toll but SaaS sector grasped at new opportunities and biotech firms rose to the Covid-19 challenge. If the border standoff swung the pendulum away from Chinese investors, Reliance created a ripple effect. Here are eight trends in the Startup world.
