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Indian ride-hailing giant Ola is undergoing significant changes as its CEO resigns, leading to job cuts affecting 10% of its employees. The company is restructuring ahead of an IPO, with reports of strong Q1 numbers and a focus on AI.
FirstCry founder Supam Maheshwari's total remuneration was Rs 77.5 crore in the first three quarters of FY24, whereas it was Rs 200.7 crore for entire FY23, according to the company’s revised draft red herring prospectus filed with the markets regulator. https://t.co/x8aV3sHmbX
🚨💲IPO-bound unicorn FirstCry’s founder and chief executive officer saw his remuneration per month plunge 49 percent to Rs 8.6 crore in the first three quarters of FY24, compared to Rs 16.7 crore a year before. By @deepsekharc https://t.co/lQNJfXsLAY
Good morning, readers! Read top tech and startup stories on ETtech: ■ @RBI scanner on gold loan #startups ■ Setback for lending firms ■ Licious goes omnichannel ■ IT’s growth outside key markets https://t.co/8wU6GgC2eo
