Rishi Arora, who has been heading operations at Blinkit for over eight years, is recently being promoted as the cofounder of the quick commerce platform. Arora’s LinkedIn profile confirms this development. Prior to this, he was serving at Blinkit as a senior vice president of operations. It is one of the many developments that have …
Zomato Promotes Rishi Arora As Cofounder Post Blinkit Acquisition Read More »
Amazon-backed connected fitness equipment maker Tonal is reportedly cutting 35% of its workforce, affecting all levels of its business. According to CNBC, the company employs about 750 people, compared with a little more than 110 before the Covid-19 pandemic, Chief Executive Officer Aly Orady said in an interview. Orady also emphasised the need to be …
Fashion discovery startup Shouto said it has raised $1.6 million in funding led by Saama Capital. Whiteboard Capital, Google veteran and former head of search Amit Singhal, Arjun Vaidya, founder, Dr. Vaidyas, and 25 direct-to-consumer (D2C) founder angels participated in the funding. Shouto was founded by former Myntra, Ajio and Amazon executives Maruthy Ramgandhi, Abhishekk …
Gurgaon-based startup Basic Home Loan, which has recently raised $3.5 million in a funding round led by Venture Catalysts (VCats) and Gruhas Proptech, is expecting to disburse Rs 1,000 crore every month by March 2023 from Rs 200-250 crore currently, Atul Monga, cofounder of the company told ET. The company has aggressive expansion plan for …
Basic Home Loan to disburse Rs 1,000 crore every month by March 2023 Read More »
Unacademy chief executive Gaurav Munjal told employees in an internal note on Monday that the edtech firm’s founders and top management will take pay cuts and that the company will shut its global test preparation business. The steps are aimed at reducing costs significantly and hitting profitability. This is the second note from Munjal to …
Unacademy to focus on profitability, announces salary cuts for founders, management Read More »