The recent layoffs are expected to help the company stay afloat amid the second wave of COVID-19 and the muted demand for its offline offerings over the next few months.

While Slintel focuses on the US, EU, and APAC markets, it saw many inbound leads from India and Asia last year.

Since late last year, Tata Group has been out in the market to acquire internet companies to create a super app.

PhonePe processed 1.14 billion UPI transactions worth USD 32 billion in May.

With rising customer acquisition costs in core edtech segments like K-12, many startups have begun to chase overseas markets to drive growth.

The latest funding round has quadrupled the valuation of the seven-year-old Whatfix to USD 600 million.

The latest round, which reportedly values GoMechanic at USD 315–320 million, takes the total funding raised by the five-year-old startup to date to USD 55 million.

Delhivery recently raised USD 277 million in a Series H round led by Fidelity Management that valued the company at USD 3 billion.