funding winter

The government has floated a draft national deep tech startup policy proposing changes across nine themes including access to funding, strengthening the intellectual property regime, sustaining deep tech startups, and enabling shared…

Leading VC firm Sequoia Capital has massively cut its crypto fund, more than 65 per cent to now about $200 million, amid the funding winter.Sequoia Capital has downsized its two major venture funds, including the crypto fund (from $585…

Tech Mahindra has reported a nearly 40% year-on-year (YoY) decrease in net profit in the three months ending in June, which it said was its toughest quarter in five years, marked by client-specific issues and “stretchy” deal conversion…

Hi, Digbijay here in Bengaluru. The slowdown in funding for startups continues unabated across stages unless you are building something with those three magical words: generative artificial intelligence. During my conversations with several…

Online gaming startup WinZO has announced its third round of ESOP liquidation, providing an opportunity for eligible team members to partially liquidate their vested ESOPs, said a statement issued by the company. The startup had executed…

The astronomical packages bagged by senior startup executives during the boom times are now turning out to be a handicap for many as they look for a job change amid a slowdown in the sector.Professionals who are drawing extremely high…

The startup world has had a tough year — plagued by mass layoffs, plummeting venture capital investment and the chaotic collapse of Silicon Valley Bank. But many in tech believe that the worst is yet to come.As the market downturn drags on…

As worsening global macroeconomic conditions continue to hit technology businesses, Indian software-as-a-service (SaaS) startups, stuck in a limbo, especially at the early stages, are actively reevaluating their product and sales strategies…

Several startups and ecommerce companies are likely to freeze salaries for senior management during appraisals as they step up cost-cutting measures to survive a harsh funding environment.As pressure mounts to conserve cash, founders,…

Until early in 2022, ecommerce startup Meesho was burning around $40 million a month in cash as it took on bigger rivals Amazon India and Walmart-owned Flipkart. As the etailer cuts its spends, growth has slowed down. Today we take a closer…