Category: Indian

Indian logistics SaaS startup FarEye bags $13 million
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Indian logistics SaaS startup FarEye bags $13 million

More than 150 e-commerce and delivery companies globally use an Indian logistics startup’s service to work out the optimum way to ship items to their customers. That startup, Noida-based FarEye, said today it has raised an additional $13 million to close its Series D financing round at $37.5 million. FarEye first unveiled its Series D…

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Indian lawmakers accuse Facebook of political bias
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Indian lawmakers accuse Facebook of political bias

Facebook is facing heat in India, its biggest market by users, over a report that claimed the company compromised its hate speech policy to favor the ruling party. Politicians from both Bharatiya Janata Party, which rules the government in India, and opposition Indian National Congress lambasted Facebook for its supposed favoritism to the other and…

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Zetwerk, an Indian B2B marketplace for manufacturing items, raises $21 million
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Zetwerk, an Indian B2B marketplace for manufacturing items, raises $21 million

Zetwerk, an Indian business-to-business marketplace for manufacturing items, has raised $21 million in a new financing round as it looks to scale its operations in the nation and help local businesses find customers overseas. San Francisco-based investment firm Greenoaks led the two-year-old Indian startup’s Series C financing round. Existing investors Accel, Kae Capital, Lightspeed and…

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Indian ride-hailing firm Ola cuts 1,400 jobs
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Indian ride-hailing firm Ola cuts 1,400 jobs

Ola said on Wednesday it is cutting 1,400 jobs in India, or 35% of its workforce in the home market, as the ride-hailing firm works to reduce its expense to steer through the coronavirus pandemic that has severely impacted mobility companies in the country. Bhavish Aggarwal, co-founder and chief executive of Ola, shared the job…

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Indian food delivery startup Swiggy is cutting about 1,000 jobs
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Indian food delivery startup Swiggy is cutting about 1,000 jobs

Swiggy is cutting about 1,000 jobs, most from its cloud kitchen division, as India’s top food delivery startup scales back some of its businesses in response to the coronavirus pandemic that has drastically affected millions of firms. In a statement, the Bangalore-based startup said it was “evaluating various means to stay nimble and focus on…

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