Tag: startups

Startups laid off 18,000 employees in 2022; Udaan, Ola, Oyo saw the most senior-level exits

This time last year, Indias startup ecosystem was counting unicorns. Now, its tallying layoffs. According to data compiled for us by Longhouse Consulting, 52 of Indias new-age companies sacked almost 18,000 employees between them in 2022. Shockingly, almost half of these took place at just 15 edtech companies as Covids retreat battered the sector. Read… Continue reading Startups laid off 18,000 employees in 2022; Udaan, Ola, Oyo saw the most senior-level exits

Budget 2023 Wish List: India needs to emphasize on capacity building for emerging sectors, aid startups for country’s march to the top

​​Several areas of tax and regulatory rationalization will help improve the competitiveness of the domestic VC and startup industry, attract more investors to invest, and provide a more certain regulatory environment. Also, there is a need for the government to set up Fund of Funds for Industry oriented early-stage capital – just like PLI, early-stage… Continue reading Budget 2023 Wish List: India needs to emphasize on capacity building for emerging sectors, aid startups for country’s march to the top

DPIIT recognizes startups create over 8.6 lakh direct jobs since the launch of Startup India

New Delhi: Department for Promotion of Industry and Internal Trade (DPIIT) recognized startups have self-reported creation of over 8.6 lakh direct jobs as on 30th November 2022 since the launch of Startup India in 2016The Government with an intent to Read More