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Happy Thursday! While layoffs continue, startups are strategically refilling certain open positions with lower-salaried junior staff to cut costs. This in todays ETtech Morning Dispatch.
Ola Electric, eyeing an IPO, is reportedly trimming its workforce by 400-500 employees to streamline operations. This number may change as the senior leadership is still concluding the scale of the layoffs. They are expected to hit multiple verticals, sources told ET.
Happy Monday! A new wave of brands founded by second generation entrepreneurs is snagging venture capital. This and more in todays packed edition of ETtech Morning Dispatch.
BluSmart Mobility raises $25 million in pre-Series B round, expanding EV fleet and charging infrastructure, poised for growth.
Ola founder and CEO Bhavish Aggarwal has said around 2,500 developers have signed up to try Krutrim Cloud