[ad_1] MUMBAI: Indian startups have the potential to contribute $1 trillion to the country’s GDP by FY30 and add over 50 million direct and indirect jobs, a report by the Confederation of Indian Industry (CII) said. Sectors like retail and e-commerce, fintech and SaaS (software-as-a-service) could lead the charge, driving disproportionate growth. A rise in…
[ad_1] MUMBAI: More than 100 Indian startups are estimated to have laid off over 24,000 employees in 2023, data shared by market research firm TheKredible showed. Troubled edtech startup Byju’s, ShareChat, Swiggy and Unacademy are among unicorn firms which have fired the highest number of employees, the data shared with TOI showed. Amid scarce funding…
[ad_1] MUMBAI: After a tepid few years of Indian startups stalling public listing plans amid a global tech slowdown and choppy markets, new age firms are now set to make a comeback in the public markets. About 15-20 startup unicorns are expected to launch initial public offerings (IPOs) in the next 12-24 months, senior officials…
[ad_1] New-economy companies in India have laid off over 28,000 employees in the first three quarters of 2023. These layoffsare a result of major restructuring by startups to conserve cash and prioritize essential operations. The data, shared with ET by Longhouse Consulting, reveals that startups have been significantly affected this year compared to the aggressive…
