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The company is trying to get several of the affected employees placed in other organisations.

The post India: BlackBuck to let go of 200 employees as COVID-19 crisis deepens appeared first on DealStreetAsia.

Former CEO Achmad Zaky stepped down from his position, in a surprise move, in December 2019.

The post Indonesian unicorn Bukalapak’s co-founder & CTO Herucahyono exits appeared first on DealStreetAsia.

Paytm said this will widen the base of employees having company shares.

The post India: Paytm to offer ESOPs worth $33.33m to staff appeared first on DealStreetAsia.

Charles Lin will take on his leading role at CLSA, the HK-based broker Citic Securities acquired in 2013.

The post China’s Citic Securities hires Vanguard ex-Asia boss for global drive appeared first on DealStreetAsia.

Vikram Nirula, who joined in 2018 as managing director, will soon be leaving the company.

The post Buyout major Carlyle searches for new managing director in India appeared first on DealStreetAsia.

The layoffs will take place from its cloud kitchens across nearly ten Tier 1 and 2 cities.

The post India: Swiggy to lay off 500 people from cloud kitchens amid virus outbreak appeared first on DealStreetAsia.

A Grab-Singtel joint venture has roped in former Citigroup executive Charles Wong as its senior managing director while AIA Singapore has named Wong Sze Keed as its new CEO. Grab-Singtel joint venture hires Citigroup’s former retail banking head A Grab–Singtel joint venture, which is in the fray for a digital

The post People Digest: Grab-Singtel JV hires former Citi exec; AIA names new SG CEO appeared first on DealStreetAsia.

The virus seems to have accelerated and amplified an ongoing trend of belt-tightening at startups.

The post Startup giants’ laid-off talents shaken, but undeterred appeared first on DealStreetAsia.

Many of these local delivery apps were started after the lockdown by Gen-Z founders.

The post These startup founders are catering to unusual needs in India’s hinterland appeared first on DealStreetAsia.

Employees who earn less than Rs 500,000 per annum will not be affected by the cuts.

The post Hospitality major OYO cuts pay, sends employees on leave in India appeared first on DealStreetAsia.

Ruangguru CEO Adamas Belva Syah Devara has resigned from its role as the government's special staff.

The post Indonesia Digest: Ruangguru CEO quits govt role; Gojek partners Paxel appeared first on DealStreetAsia.

Tiger Global-backed Games24X7 has appointed Rahul Tewari as its first CFO.

The post People Digest: Games24X7 appoints CFO; MedGenome names India CEO appeared first on DealStreetAsia.

Over the past month, Udaan has been facing a drop in business under its non-essential categories.

The post India: Udaan lays off over 2,000 contractual employees as coronavirus hits supply chains appeared first on DealStreetAsia.

The COVID-19 crisis has impacted close to 60% of the total contractual staff workforce in India.

The post India: Blue-collar workforce at startups takes a big hit as business volumes fall appeared first on DealStreetAsia.

Jiang joined Alibaba in 2013 after selling his app analytics company Umeng to the e-commerce giant.

The post Alibaba demotes top executive Jiang Fan after probe into behaviour appeared first on DealStreetAsia.

Parekh joins Tikehau Capital later this year from National Australia Bank, where he serves as General Manager Asia.

The post Tikehau Capital appoints Neil Parekh as new Asia regional head appeared first on DealStreetAsia.

The pay cuts were cited in a company note to employees dated April 29.

The post India’s Reliance said to cut pay of execs in oil-and-gas division appeared first on DealStreetAsia.

Deutsche believes Asia-Pacific, with 13 per cent of the bank's revenue and 22 per cent of staff, offers growth potential.

The post Deutsche Bank’s advisor to CEO set to take over as Asia head and board member appeared first on DealStreetAsia.

Flynote has only ₹2 crore left in the banks of the ₹14 crore raised last year.

The post India: Sequoia-backed travel firm Flynote lays off staff amid virus crisis appeared first on DealStreetAsia.

Flipkart Group CFO Emily McNeal has quit to pursue a career opportunity outside the Walmart Group.

The post India: Flipkart names Sriram Venkataraman as CFO of its commerce biz appeared first on DealStreetAsia.

The US-based company is said to have an employee base of over 2,000 people in India.

The post Uber said to be laying off up to 700 employees in India amid pandemic appeared first on DealStreetAsia.

Arndt, who has been Future Fund's chief investment officer since 2014, will take over from acting CEO Cameron Price.

The post Australia’s Future Fund names Raphael Arndt as CEO appeared first on DealStreetAsia.

Jaimini had co-founded Swiggy along with Sriharsha Majety and Nandan Reddy in 2014.

The post India: Swiggy’s co-founder and CTO Rahul Jaimini quits, to join Pesto Tech appeared first on DealStreetAsia.

Wihardja’s appointment comes nine months after his predecessor, former MDI Ventures CEO Nicko Widjaja, quit to join BRI Ventures.

The post Indonesia’s MDI Ventures appoints former AC Ventures partner Donald Wihardja as CEO appeared first on DealStreetAsia.

The move is seen to make the fundraising process easier and cost-effective for startups.

The post SC Malaysia eases norms for firms issuing convertible notes to VC, PE firms appeared first on DealStreetAsia.

Indogen is working with its portfolio firms to explore opportunities in Greater China and Japan.

The post Indonesian VC firm Indogen Capital eyes succour in East Asia amid virus crisis appeared first on DealStreetAsia.

It plans to use the funds to hire new talent, develop its product and technology further and scale up its lending volumes.

The post Indian fintech startup NIRA raises $2.1m in pre-series A funding appeared first on DealStreetAsia.

The US-based venture capital firm routed the investment through its $60 million fund.

The post Mantra Capital makes maiden India investment in wellness startup SARVA appeared first on DealStreetAsia.

In January, Accelerating Asia officially unveiled its second cohort with ten startups.

The post Asia Digest: 500 Startups invests in LottieFiles; Accelerating Asia launches third cohort appeared first on DealStreetAsia.

The company is further looking to raise Rs 250 crore in the next few quarters. 

The post India Deal Monitor: MYSUN snags about $4.3m funding and more updates appeared first on DealStreetAsia.

The funding also saw the participation of Omidyar Network, Shunwei Capital, BCCL, and Nexus Venture Partners.

The post Tencent leads $9.4m funding in Indian self-publishing platform Pratilipi appeared first on DealStreetAsia.

Existing investors Matrix Partners India, Stellaris Venture Partners, and Alteria Capital also participated.

The post India: Logistics startup LoadShare secures $13.2m led by BEENEXT, others appeared first on DealStreetAsia.

Cisco, Intel and JioNext will work with the YourNest team to help assess and shortlist applicants.

The post YourNest Venture Capital launches fast-track funding programme for Indian startups appeared first on DealStreetAsia.

The funding will be used to spruce up technology and expand product offerings.

The post India Deal Monitor: RTP Global leads $9m funding in Classplus and more updates appeared first on DealStreetAsia.

ESB claims to be enabling restaurants to transition to the cloud-kitchen model amid the COVID-19 outbreak.

The post AC Ventures leads seed round of Indonesian restaurant ERP startup ESB appeared first on DealStreetAsia.

The Trendlines Group has invested in early-stage startup Insectta, headquartered in the city-state.

The post SG Digest: Trendlines invests in Insectta; d:tribe Capital backs Australian AI startup appeared first on DealStreetAsia.

Sydney-based document design company Qwilr has raised $7.25-million Series A led by AirTree Ventures.

The post Australia Digest: Qwilr raises $7.25m; PieLAB invests in :Different appeared first on DealStreetAsia.

Dakota will also establish “Myanmar’s first-ever cyber training centre."

The post Asia Digest: Dakota Ventures to invest $1m in Myanmar; Vietnam’s FoodHub raises funding appeared first on DealStreetAsia.

The financing will help Varthana reach more schools by meeting its need for longer-term capital.

The post Indian financier Varthana secures $15m debt financing from DFC appeared first on DealStreetAsia.

Exfinity Ventures and IAN Fund led the funding in Vernacular.ai.

The post India Deal Monitor: Vernacular.ai raises $5.1m in Series A round and more updates appeared first on DealStreetAsia.

Chehaoduo was valued at over $9 billion after Vision Fund injected $1.5 billion into the firm in February 2019.

The post Car trader Chehaoduo nets $200m from SoftBank Vision Fund, Sequoia China appeared first on DealStreetAsia.

It will use the funds to expand the reach of its solutions across India and the world.

The post India: Vesta Space Tech nabs $10m funding from US firm Next Capital appeared first on DealStreetAsia.

LetsVenture Plus will allow Indian investors access to investments across growth-stage private companies and global funds.

The post Indian angel investor LetsVenture launches growth-stage platform to tap domestic capital appeared first on DealStreetAsia.

The startup sources generic drugs directly from the manufacturer and sells it to retail pharmacies.

The post India: Ratan Tata picks up stake in pharma startup Generic Aadhaar appeared first on DealStreetAsia.