Facing liquidity crunch, Bounce lays off half its workforce

The Bengaluru-based scooter startup has fired around 250 employees amid a cash crisis, and may be looking for a buyer.

09 January, 20238 min
0
Banner image

Subscribe to read this story

We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.

$99 for one year

SUBSCRIBE
Already have an account? Sign In

Not ready to subscribe? Sign up for a free account

We value our free readers. Read 100+ stories every year.

You may also like

Internet
Story image

Pakistan’s failed startup promise, competition force Careem’s exit

The most popular startup of the Middle Eastern region just exited its decade-old operation in the country, citing competition and macro challenges. Both these reasons need to be unpacked and understood separately.

Internet
Story image

In India, everything is logistics

Large, valuable businesses are being built in the country, many of whom are delivering food, grocery, goods, services and even people. At their core, these two-sided marketplaces are solving for efficient logistics.

Internet
Story image

Pocket FM’s model doesn’t need humans

Multiple former employees of the audio series startup have been complaining about a gruesome and callous work culture. A deeper look suggests that this dynamic may be the result of the business model itself.