Profits over lives
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We ll soon meet in your inbox. / Morning Dispatch
Good morning,
A few companies in cities with strict restrictions on movement are still forcing their employees to travel to the office using fake essential-worker IDs and stickers.
Also in today s letter: CERT-In advisory over FB leak E-grocers see surge in demand India’s latest unicorn
When jugaad becomes lethal
Despite strict Covid restrictions, some companies in Mumbai, Pune, New Delhi and Bengaluru are not only insisting that their employees come in to work but also looking for ways to get around curbs.
These include issuing fake essential-worker IDs or fraudulent permission letters to their employees, and not disclosing Covid-19 cases to the authorities.
Tiger mints another unicorn
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Tiger Global cannot stop minting
unicorns in India. But no one’s complaining, definitely not the six billion-dollar entities the New York-based investment firm has created just this year.
Also in this letter:
Chargebee joins 2021 unicorn parade
Billing startup Chargebee Inc. has raised $125 million in funding and boosted its valuation to $1.4 billion, making it the latest entrant in India’s unicorn club.
The funds will help the firm scale globally as customers hasten their shift to subscription-based services, Chargebee said in a statement today. Who are the backers? Insight Venture Partners, Sapphire Ventures, and Tiger Global, which has developed a knack for spotting soonicorns. It has already minted five unicorns in India this year: Sharechat, Innovaccer, Infra.Market, Gupshup and Groww.