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    Zerodha to end zero-brokerage model; Unacademy lays off 250 employees

    Online stock broker Zerodha will likely discontinue its zero-brokerage structure due to new Sebi rules. More on this in today’s ETtech Top 5.

    Startups’ pink slip count falls to 10,000 amid funding blues

    Firing in first half of 2024 lesser than H2, H1 of ’23, signalling a slight recovery. Ola Electric is in the final stages of laying off over 600 after sister company Ola Cabs fired around 200 workers in late April. Industry executive told ET, even with the slowdown in layoffs, startups are still not out of the woods.

    Financial report card for Nykaa, Dunzo; Byju’s in talks with Joffre for Epic sale

    FSN E-Commerce, the parent entity of omnichannel beauty and fashion retailer Nykaa, saw its Q2 profit jump 50%. Cash-strapped Dunzo also disclosed its FY23 financials today. This and more in today’s ETtech Top 5.

    ET Soonicorns Summit 2023: Delhi-NCR edition kicks off today, experts to chart the roadmap for India’s rise as a global economic powerhouse

    The ET Soonicorns Summit 2023, an Economic Times initiative, to track the evolving frontiers of growth in the startup-tech sector will bring together key stakeholders and decision makers from within Indian tech-startup ecosystem to foster conversations, connections, and collaborations that can equip entrepreneurs, including those from Bharat, to navigate the ever-evolving tough market conditions and grow to build sustainable, scalable businesses of the future.

    MediBuddy raises $18 million in funding from existing investors

    The current funding round is in continuation of the Bengaluru-based startup’s series C fundraise of $125 million in February 2022. The funds will be used to fuel the company’s growth and expansion plans through strategic acquisitions.

    Pristyn Care commences operation in Bangladesh; lines up Rs 100 crore to fund expansion

    The company plans to have five patient care centres in Dhaka and Chattogram(Chittagong) by March 2024.

    The Economic Times
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