iRobot Announces Layoffs and Leadership Changes
In a significant turn of events, consumer robot maker iRobot has announced layoffs affecting nearly 350 employees, constituting approximately 31% of its workforce....
Fidelity Marks Down Meesho Valuation Amidst Expansion of ESOP Pool
Global investment firm Fidelity has recently made headlines by marking down the value of its holding in the burgeoning social commerce platform Meesho to $3.5 billion...
Online Insurance Aggregator PB Fintech Returns to Profitability
PB Fintech, the parent company of Policybazaar, has made a significant turnaround in its financial performance, reporting a profit after tax of Rs 37 crore for the third quarter...
Elon Musk’s Neuralink Implant Receives First Human Test Subject
Elon Musk, the billionaire founder of Neuralink, announced on Monday that the first human patient had received an implant from the brain-chip startup on Sunday and is recovering well...
AC Ventures Closes $210 Million Fund to Fuel Indonesia’s Tech Growth
Indonesia-based AC Ventures (ACV) recently announced the successful closure of its fifth investment fund, ACV Capital V L.P. (ACV Fund V), totaling an impressive $210 million, including co-investment funds...
Binny Bansal Steps Down from Flipkart
Binny Bansal, one of the co-founders of Flipkart, bid farewell to the e-commerce giant he helped establish in 2007, marking the end of an era in India's digital commerce narrative...
Krutrim: Ola Co-Founder’s AI Startup Attains Unicorn Status
In a remarkable feat of entrepreneurial prowess, Bhavish Aggarwal, co-founder of Ola, the renowned ride-hailing service, has propelled his latest venture, Krutrim, into the coveted realm of unicorns...
Startup Ecosystem Braces for Union Budget 2024: Will It Be a Catalyst or Constraint?
India's startup ecosystem resembles a bustling beehive, buzzing with creativity and innovation across various sectors such as robotics, clean energy, and healthcare...
TikTok Joins Big Tech Layoffs; Letting Go of Employees to Cut Costs
In a surprising move, popular Chinese short-video making app TikTok has joined the ranks of Big Tech companies in implementing layoffs to streamline operations and reduce costs...
Figure and BMW’s Partnership: Humanoid Robots Set to Revolutionize Manufacturing
In a groundbreaking move that heralds the future of automation, robotics startup Figure has inked a significant partnership with BMW Manufacturing...