AskMe shuts down, lays off 4,000 employees

As per latest reports, the consumer internet search platform AskMe has shut down its operations, laying off remaining of its staff. The company probably took the decision because of severe cash crunch.

Mold-Tek Technologies to list on NSE

City-based engineering services provider Mold-Tek Technologies Limited (MTTL) on Friday announced that it has received regulatory approvals to list on the National Stock Exchange (NSE). The company has been listed under the

Rocket Internet cuts losses by 23%in Q1

The major startups of international e-commerce investor Rocket Internet managed to reduce their losses in the first quarter, the German company said on Tuesday, although revenue growth slowed and even went into

What Flipkart’s devaluation means for Indian startups

 Marked an inflection point for the Indian startup ecosystem. Emboldened by an ever-increasing smartphone penetration and online shopping reaching millions of customers, this was when India’s most celebrated e-commerce company, Flipkart, raised