Job industry is experiencing layoffs across industries around the globe. In India, large new-age companies like Swiggy, Ola, Paytm and others have cut down their workforce since January 2024. Here we compile list of India firms that have laid off their employees Simpl fired around 25% of its workforce Simpl, a buy now pay later…
The act of voting is not just a civic duty but a powerful expression of collective will. As the world’s largest democracy exercises its rights in the second phase of voting for the Lok Sabha Election 2024, a new trend has emerged: major technology companies are stepping into the civic arena and are urging millions…
Ather Energy, an electric two-wheeler manufacturer, is currently in discussions to secure a substantial funding round through a combination of primary and secondary share sales, according to individuals familiar with the matter.Sources have revealed to ET that Sachin Bansal, a cofounder of Flipkart and an existing investor in Ather Energy, has sold a significant portion…
Ecommerce major Flipkart and Zepto were reportedly in talks but the deal failed to get through. According to an exclusive report in Economic Times, ecommerce major Flipkart and Zepto held talks for a potential deal but the discussions fell through and are unlikely to be revived, said two people in the know of the matter….
Mumbai: Fashion brand Powerlook Apparels on Monday announced the opening of its two new offline stores in the city and said it plans to invest Rs 50 crore in expanding the number of such outlets in the country to 50 by 2027. The fashion brand currently has a presence on leading e-commerce websites Myntra and…
Representative Image New Delhi: Clothing brand UNIREC has raised USD 1.9 lakh (Rs 1.5 crore) from BeyondSeed in a seed funding round, it announced in a press release on Friday. The funding will be used to expand the brands market and for creation of innovative and sustainable fabrics, the release read. Kapil Bhatia, CEO and…
Representative image New Delhi: Cultfit’s D2C arm Cultsport, which sells sportswear, indoor fitness equipment, cycles, and more is betting on offline as a key channel as it plans to open an exclusive brand outlet every month, shared a top official of the company. Talking to ETRetail, Shamik Sharma, business head, Cultsport said, “We have over…
New Delhi: Homegrown fashion brand Rangita has reported a 6.5 times growth in its consumer demand on the back of the expansion of its portfolio catering to the festive demand, said the company in a press release on Wednesday. The brand highlighted that its pricing strategy has been a key driver in its growth story….
Amar Nagaram, founder and CEO, Virgio Within a year of having raised $37 million at a $160 million valuation, Virgio, a fashion startup set up by former Myntra chief executive Amar Nagaram, is shutting its fast fashion business. With about $25 million left in the bank, the firm has been eyeing a pivot for the…
