Google, Microsoft-backed VerSe Innovation cuts 5% of workforce, reduces salaries
VerSe Innovation, the Indian startup backed by Google and Microsoft, has cut 5% of its workforce and announced a pay cut for employees.
Source: techcrunch.com
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Months After Raising $805 Mn, VerSe Innovation Lays Off 150 Employees
VerSe Innovation will also undertake an 11% pay cut for employees with annual salaries of more than INR 10 Lakh
Source: inc42.com
Dailyhunt and Josh Parent VerSe Fires 150 Staff, Announces Pay Cuts
This comes a few months after the company raised USD 805 million at a valuation of around USD 5 billion. The round was led by CPP Investments, which alone wrote a $425 million cheque.
Source: india.com
Edtech Giant BYJU'S Raises $49 Mn From Its Singapore Holding Company
Edtech giant BYJU’S has raised $49 Mn of the total $160 Mn from its Singapore parent entity – Byju’s Holdings 1 Pte Ltd
Source: inc42.com
What impact will BYJU'S FY21 results have on its future business? Will profits come soon? - BusinessToday
With losses widening, edtech major BYJU'S is shifting its focus to profitability from growth at any cost. - Issue Date: Oct 16, 2022
Source: businesstoday.in