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Oct 5, 2022 • 7 tweets • 7 min read
2018:
We had seen WalMart acquiring 77% of Flipkart shares for $16 Billion despite the company suffering losses of $20 Billion FYI 2017-18
2022:
Despite having a profit of $2.5 Billion each year, Prosus/PayU withdraws its $4.7 billion deal to acquire India's BillDesk #startups#BillDesk:
Industry estimates indicate that BillDesk holds between 25 and 30 percent of the market for online payment aggregators
The majority of Indian IT companies are against moonlighting, and there is a lot of controversy around it, but recent advice from the GOI and advocacy for it will likely result in a shift in the present model of employment
Thread👇 #moonlighting#startups economictimes.indiatimes.com/tech/technolog…
Mr. Rajeev Chandrasekhar, Minister of State for Electronics and IT, argued that attempts by businesses to prohibit employees from working on their own startups or consulting for other companies "is a doomed-to-fail activity."
