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Two Bengaluru-based startup founders announced a workforce reduction within their company. However, they offered assistance to the impacted employees in finding alternative employment opportunities.
Techies continue to face the brunt of the economic slowdown as startups have laid off 24,250 employees to date.
Indian startups raised only about $1.1 Bn in funding in July 2022, making it the worst month of 2022 so far in terms of funding raised.
Indian startups raised only about $1.1 Bn in funding in July 2022, making it the worst month of 2022 so far in terms of funding raised.
In H1 2022, the Indian startup ecosystem saw 165 M&A deals, 126% higher than seen in the corresponding period a year ago.