Summary: Zomato has laid off approximately 600 employees, or 10% of its workforce, as part of its increased reliance on AI and automation to streamline operations. The move comes amid a slowdown in growth and rising competition in the quick commerce sector. The company’s net profit dropped 57% in Q3 2024 due to higher expenses …
Summary: Dodo Payments, a Bengaluru-based fintech company specializing in cross-border transactions, has recently secured $1.1 million in pre-seed funding. The investment round was co-led by Antler, 9Unicorns, and Venture Catalysts, with participation from notable angel investors such as Nitin Gupta (Uni Cards and PayU), Maninder Gulati (former Chief Strategy Officer at Oyo), Raymond Russell (former …
Summary: India has blocked 119 apps on the Google Play Store, with most linked to China and Hong Kong, citing national security and data privacy concerns. The apps were accused of collecting excessive user data, posing cybersecurity threats, and engaging in potential cyber espionage. Affected categories include financial, gaming, and utility apps. This move follows …
Snabbit, a Mumbai-based startup founded in 2024, secures $5.5 million in funding to expand its on-demand home service app. Learn how Snabbit aims to revolutionize the home services industry with rapid service and benefits for service professionals. Snabbit Raises $5.5M Led by Elevation Capital for Quick-Service Home App Snabbit, a burgeoning quick-service app based in …
Learn about BlueMedix, a Bengaluru-based health-tech startup that secured $5 million in funding to enhance digital health solutions, expand accessibility, and improve healthcare efficiency across India. BlueMedix Secures $5 Million in Pre-Series Funding BlueMedix, a pioneering health-tech startup based in Bengaluru, has successfully raised $5 million in a pre-series funding round. The investment, led by …