Unlike other venture-funded sectors that were outright failures, SaaS has been able to create a few sustainable businesses. The sector, though, needs a fresh story.
Anuj SuvarnaSubscribe to read this story
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Sridhar Vembu steps down as CEO of the software company and makes some other key changes at the top.
The two startups are seemingly doing well, leaving affected employees wondering about the real reason for the job cuts.
Despite facing challenges around its business model, the ride-hailing platform has outpaced larger rivals, carved out a niche for itself, particularly in smaller cities, and joined the unicorn club.