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Swiggy, the leading Indian company, to reduce 400 job positions before anticipated IPO in 2021

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India’s Swiggy to cut another 400 jobs ahead of IPO later this yearIndian food delivery startup Swiggy is cutting about 400 jobs, or nearly 7% of its workforce, as the startup seeks to bring further improvements to its finances ahead of a planned IPO later this year. This is the second round of layoff at the Bengaluru-headquartered startup, which cut just as many jobs early last year. The move comes as Swiggy attempts to further improve its finances. Though its food delivery business is profitable, the startup is not profitable at a group level. Zomato, Swiggy’s chief rival, became profitable last year.

Tech Industry to Soar as Nasdaq CEO Optimistically Speaks on IPOs

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More than 100 companies are getting ready to list on Nasdaq after filing confidentially with the SEC, Nasdaq’s CEO Adena Friedman told investing publication Barron’s. If that does come to happen, the IPO drought that the tech industry has suffered for months will draw to a close sooner than later. The Exchange explores startups, markets and money. Still we at least know about one company filing confidentially for an IPO: Circle. We still have a few questions about the company’s finances, but this filing makes us more optimistic about its chances this time around.

“Discover the Must-Read TechCrunch+ Surveys for 2024 Planning”

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We’ve also included some surveys that we feel serve as important reminders of the things that went wrong in 2023. And if you’re curious about how investors are preparing for 2024, we’ve got you covered with this survey of more than 40 investors. We spoke to both investors and founders of fusion energy startups to see how much closer we are to running our lives off fusion power. We spoke to founders about how they’re handling their workforce and the expectations they’re setting. We spoke to founders about the nature of events they attend, how many events they cross out on their calendars, and how beneficial they’ve been.

Metafuels: A Forward-Thinking Investment for a More Sustainable Future – Securing $8 Million for Greener Skies

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Metafuels sets out to change the landscape of sustainable jet fuel, and has just picked up an $8 million suitcase from baggage carousel 3 at its local ZRH. The company is making the sky green — literally — with its new fuel, which it calls aerobrew. The company is focusing on jet fuel as its primary output, buying a ticket to make jet fuel conforming to aviation standards. “Operational safety is paramount from fuel handling on the ground to high-altitude combustion performance,” notes Leigh Hackett, co-founder and CCO at Metafuels. Metafuels’ eSAF technology enables a seamless transition away from fossil-based kerosene using a process they developed to convert green methanol to eSAF.

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