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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
A cash crunch soon after a fundraise and the waning interest of its principal backer indicate that the delivery startup may be running out of options. Separately, Byju’s taps Rajnish Kumar and Mohandas Pai for advisory council.
Dunzo seems to once again be in the throes of a cash crunch. This week, news came that the hyperlocal delivery startup has deferred salaries of some employees for the month of June. It capped organization-wide salaries at Rs 75,000 and has assured that the rest will be paid by 15 July. Throughout the week, there have been multiple stories on the quantum of unpaid salaries as well as employees affected, but the startup has stayed quiet.
Hiccups at the Bengaluru-based Dunzo are nothing new. This year alone, the startup has laid off people, seen a funding crunch, dealt with …
Telecom and retail both continue with their ‘hit and miss’, while O2C delivers an unsurprisingly poor performance in Q4. This is a year RIL will be glad to see the back of.
Co-founders Alakh Pandey and Prateek Maheshwari made Physics Wallah the company it is today by keeping their focus on the digital media, test-prep business. With fresh funds at its disposal after the IPO, it is making the mistake of believing it is an education company.
Telecom and retail, which account for half the conglomerate’s revenue and most of its valuation, aren’t accelerating fast enough to justify their price tags.
