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Brief
Sequoia Capital puts GoMechanic under forensic audit: Founder admits financial irregularities, fires 70% of the workforce
Dazeinfo -
One after another after another; a number of Sequoia Capital's portfolio companies are found to be indulged in serious financial irregularities, and the latest one that is added to the list is GoMechanic, an automobile after-sales service startup.
On January...
Brief
Paytm shares hit a record low: It’s down 79% since IPO, now at just Rs 441
Looks like the troubles for Paytm are far from over. Ever since it went public in 2021, the company has been in the news for share price which is tumbling down uninterruptedly. Paytm shares hit an all-time low today,...
Brief
75.6% of Paytm’s public institutional owners vote against the pay package of Vijay Shekhar Sharma
Dazeinfo -
Despite the top management of Paytm putting up a confident face to the market and its shareholders, everything doesn't seem to be falling in place for its CEO Vijay Shekhar Shama.
One97 Communications, the listed company of Paytm (PAYT.NS), has...
Brief
Adam Neumann, the controversial co-founder of WeWork, is back with a bang
Dazeinfo -
The famous American investor and businessman Adam Neumann, who was in the news for bringing his co-founded company “WeWork” to the brink of collapse, has made a surprising return with another startup named “Flow”. The interesting part is that...
Brief
AI in India: $900 million investment, $500 billion contribution to GDP by 2025 [REPORT]
Dazeinfo -
The exploded adoption of Artificial Intelligence in India has resulted in enormous opportunities for job seekers, investors, and entrepreneurs. As a result of it, the AI investment in India is estimated to grow at a record rate in the...
Brief
OYO IPO: A lucrative bet after a significant cut in valuation?
The far-reaching impact of Paytm IPO debacle has started appearing as the Indian startup unicorns, who were in celebration mode after SEBI relaxed the norms for startups to go public, are now facing the brunt of the market. OYO...
Brief
For Nvidia, the Acquisition of Arm Proved To Be An Uphill Battle!
The acquisition of Arm by Nvidia is in the soup! And, it was anticipated by us when we took a look at many 'Ifs' and 'buts' that came associated with the announcement of Arm acquisition by Nvidia.
Nvidia Corp. is...
Brief
Elon Musk Effect: Government Considers Sharp Import Tax Cut On EVs in India
Dazeinfo -
Last month Elon Musk revealed one of the real causes behind the delay in launch of Tesla Cars in India - higher import tax. According to Reuters, the government of India is, now, exploring options to cut down import...
Brief
Ola Scooter Launch: Mark August 15 As A Big Day!
Dazeinfo -
The launch of Ola Scooter would be commenced on August 15 - the independence day of India. Bhavish Aggarwal, Co-founder & CEO of ANI Technologies, the company which owns Ola, has hinted that preparation to launch Ola's first electric...
Brief
OYO Can Make A Big Announcement That Can Skyrocket Its Valuation
OYO, the Indian startup unicorn from the hospitality industry, can make a major announcement in the next few days. Despite being hit badly due to the pandemic and grim possibility in near future, it's inches away from clinching a...
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Meta Q1 2024: Jaw-Dropping Surge in Revenue and Net Profit, But Reality Labs Burning Billions
Meta Platforms, Inc. (NASDAQ: META) has unveiled its financial results for the first quarter of 2024 and it is...