Ronnie Screwvala-Backed Edtech Startup Lido Learning To File For Insolvency
Beleaguered edtech startup Lido Learning, which had laid off majority of its workforce couple of months back, will file for corporate insolvency
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Beleaguered edtech startup Lido Learning, which had laid off majority of its workforce couple of months back, will file for corporate insolvency
The signs emanating from the Indian corporate milieu are far from consoling.
Fraazo has completely shut its operations in the Delhi-NCR region last weekend and is likely to shut more stores in Bengaluru and Hyderabad
Investors are advising startups to cut costs and increase the runway by three years, with several funding rounds being renegotiated, or stalled.
As the tech and startup sector gets hammered by economic meltdown, more that 22,000 workers in the sector have lost jobs in 2022, along with more than 12,000 in the Indian startup ecosystem.