upGrad to hire 3,000 people; Gupshup acquires OneDirect

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Mid-day Digest - 2nd June 2022

upGrad to hire 3,000 people in 3 months

Bucking the trend of lay-offs in the edtech sector amid funding crunch, upGrad is looking to add nearly 3,000 people in the next three months and is close to securing a fresh funding.

Meta COO Sheryl Sandberg leaves company after 14 years

Sheryl Sandberg, CEO of Facebook parent company Meta, has announced that she plans to step down from the role after 14 years.

Eloelo raised $13M

Bengaluru-based homegrown live video streaming platform Eloelo raised $13 million in a Series A round led by KB Investments, Kalaari Capital, along with existing investors WaterBridge Ventures and Lumikai Fund.

Gupshup acquires OneDirect

Conversational messaging startup Gupshup acquired Sequoia-funded OneDirect—an omnichannel customer-service platform—for an undisclosed amount.

Elon Musk tells Tesla employees to work from office or resign

Elon Musk has sent out an email to Tesla staffers demanding their return to office for a minimum of 40 hours a week. According to Musk, if employees did not accept this condition, they should "depart Tesla."

Arya.ag acquires agri data science startup Prakshep

Noida-based integrated grain commerce platform arya.ag acquired Prakshep, Bengaluru-based agriculture data science startup, for an undisclosed sum.

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Brand Spotlight

Vinayak Hegde, CTO-in-Residence, Microsoft for Startups; Pranav Marwah, Co-founder, ThinQbate; and Shreeram Iyer, VP, Ecosystem Innovation, T-Hub, covered factors influencing startups to mature into enterprise-ready companies and solutions that can help them scale every aspect of their business, at a recent Microsoft webinar titled 'Empowering Startups'. Read more.

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