Layoffs, shutdowns, funding crunch: The Great Indian Startup Party is over - Moneycontrol

Startups have also resorted to shutting down non-core verticals, rationalising marketing and advertising spends and have gone on a hiring freeze, as they enter a bleak period, after a blockbuster funding party that lasted for nearly two years

When Jiten Sharma (name changed) was offered a fourfold hike in salary to join one of Indias fastest growing startups as a product engineer last October, he was happy. Demand for engineers had skyro… [+14659 chars]

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