VerSe Innovation, the parent company of Dailyhunt and Josh, is set to lay off 350 employees this month as part of a strategic overhaul.
The move aims to streamline operations and realign resources with the company’s long-term growth priorities.
Sundar Pichai, the CEO of Google, has announced that the company will be laying off 10% of its management staff. This comes amid increasing competition from other AI companies, such as ChatGPT. Pichai said that the layoffs are necessary to "streamlin
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Harsh Dwivedi
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Medial • 4d
Top news of the day:
1. Zordo Technologies has acquired FareArena, a cheap flight booking website, to enhance its travel solutions
2. growX Ventures, an early-stage venture capital firm, has made a partial exit from the space technology company Pix
Top News of the Day:
1. Alphabet, Google's parent company, reported strong Q2 results with robust advertising and cloud revenue
2. Sequoia Capital-backed Vanta raises $150 Mn funding at a $2.45 billion valuation
3. Ola Electric Likely To Launch It
Top News Of the Day:
1. SaaS startup Zepic has raised $2.1 million in a pre-seed investment round led by VC firm Neon Fund.
2. Uniqus Consultech, a global platform for ESG and accounting & reporting consulting, has secured $10 million in Series B f
Summary of the Week:
1. Fundings: Indian startups cumulatively raised $260.1 Mn from 31 deals between April 15-20:
- An uptick in the investment activity across the ecosystem. Between April 15 and 20, startups cumulatively raised $260.1 Mn across 3
Top News of the Day:
1. Elon Musk hits ‘historic first’: $400 billion net worth rocketed by $50 billion SpaceX share sale
2. Cleantech startup SolarSquare raises $40 million in round led by Lightspeed
3. FirstClub of former Cleartrip CEO Ayyappan
Top News of the Week:
1. Funding:
- During the week, 31 Indian startups raised around $490.32 million in funding. These deals count 7 growth-stage deals and 19 early-stage deals while 5 startups kept their transaction details undisclosed.
- On a w
Top News of the day:
1. FirstCry, led by Supam Maheshwari, will invest Rs 146 crore in its international arm, GlobalBees Brands, over 12 months.
2. Impact investor Asha Ventures is poised to secure a capital commitment from an offshore limited part
Top News of the day:
1. The Andhra Pradesh government, in collaboration with the Wadhwani Centre for Government Digital Transformation, is training Artificial Intelligence Champions from 20 state departments.
2. India’s startup ecosystem faced a sh
Top News of the Week:
1. Funding:
- 21 Indian startups raised around $92.63 million in funding. These deals count 4 growth-stage deals and 12 early-stage deals while 5 startups kept their transaction details undisclosed.
- 4 startups raised $33.58
