Byju Raveendran To Raise Funding To Increase His Stake To 40% In BYJU'S
Byju Raveendran currently has a 25% stake in BYJU’S and is reportedly looking to raise funding to increase the stake to 40%
Source: inc42.com
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Large Deals Volume For Startups Plunges by 50%, Data Shows
Mega Deals for Indian Startups have plunged by 50% in volume terms YOY in 2022 ; big investors like SoftBank, Tiger Global in defensive mode
Source: inc42.com
Dailyhunt, Josh's parent firm VerSe lays off 150 employees, announces 11% salary cuts
Umang Bedi, a co-founder of VerSe, stated that the compensation reduction was implemented to guarantee sustained, profitable growth.
Source: dnaindia.com
VerSe Innovation, which is supported by Google and Microsoft, deducts salary and staff by 5%
VerSe Innovation co-founder Umang Bedi claimed that the remuneration cut was put in place to ensure steady, profitable growth
Source: techstory.in
Dailyhunt parent lays off 150 employees; announces pay cuts for those earning over Rs 10 lakh per annum
Vernacular news and content aggregator network VerSe innovation, which was valued at $5 bn in April, is laying off 5 per cent of its workforce, amidst the ongoing start-up funding winter
Source: businesstoday.in