Some customers of Zivame, an Indian online women’s intimate apparel store owned by Reliance Retail, have complained that their accounts were hacked, leading to the exposure of their personal information, […]
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Back to news homeReliance JioMart to cut 11,000 jobs, report says
JioMart, Reliance Retail’s online shopping platform, has laid off over 1,000 employees and plans to cut as many as 9,900 more roles over the coming weeks, according to a report, […]
India’s Chalo raises $45 million in fresh funding to digitize bus commutes
Indian startup Chalo, which is working to transform bus commutes, has raised $45 million in a new funding round and secured an additional $12 million in debt as it works […]
AWS to invest $12.7 billion in India
Amazon plans to invest $12.7 billion into its cloud infrastructure in India by 2030, the e-commerce group said Thursday, as it pushes ahead to scale up its AWS business in […]
ZestMoney founders resign as Goldman Sachs-backed fintech struggles to raise funds
Founders of ZestMoney have resigned from the startup, the latest twist in the fate of the Indian fintech whose ability to underwrite small ticket loans to first-time internet customers once […]
WhatsApp rolls out back-end fixes to address spam calls impacting Indian users
WhatsApp has announced that it has introduced back-end updates to tackle spam calls, which are particularly prevalent in India right now. It has impacted many users in the last few […]
Hyundai Motor to invest $2.45bn in India by 2032 to boost EV ecosystem
Hyundai Motor has announced that it plans to invest $2.45 billion (200 billion Indian rupees) over the next ten years in the southern Indian state of Tamil Nadu to bolster […]
3one4 Capital, driven by contrarian bets, raises $200 million new fund
Partners of 3one4 Capital, a venture capital firm in India, recently went on a road show to raise a new fund. Within two and a half months, at the height […]
Paytm tops $977 million revenue in a year, narrows loss
Paytm, India’s leading mobile payments firm, reported a 13.2% surge in revenue to $285.7 million in the quarter ending March and pared its loss by 57% to $20.5 million in […]
India’s Meesho cuts 251 jobs
Meesho has cut 15% of its workforce, or 251 roles, as the Indian social commerce startup pares its expenses to improve its financial health and confront the “economic reality.” This […]