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Ola cuts 180 jobs in profitability push

Ola cuts 180 jobs in profitability push
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
April 30, 2024

What We're Reading

  • Indian ride-hailing giant Ola cuts 180 jobs in profitability push [TechCrunch]
  • ChatGPT’s ‘hallucination’ problem hit with another privacy complaint in EU [TechCrunch]
  • Copilot Workspace is GitHub’s take on AI-powered software engineering [TechCrunch]
  • Meta confirms launch of a bonus program for creators on Threads [TechCrunch]

Trending Companies

Alaffia Health, a company that develops an AI-powered auditing software designed to provide machine-assisted clinical reviews and streamline communication, raises $10MM Series A from FirstMark Capital.

Artificial Intelligence • New York, NY • Post-Money Valuation


Nooks, a company that develops meeting and video communication platform, raises $22MM Series A from Lachy Groom.

Communications • Oakton, VA • Post-Money Valuation


Dripos, a company that offers an operating system software designed to offer tools needed to run a coffee shop, raises $11MM Series A from Base10 Partners.

Point of Sale • New York, NY • Post-Money Valuation


Augment, a company that develops artificial intelligence (AI) coding assistance software, raises $227MM Series B from Sutter Hill Ventures.

Artificial Intelligence • Palo Alto, CA • Post-Money Valuation


HomePoint, a company that provides private home maintenance services, raises $2MM Seed from Undisclosed Investors.

Repair & Maintenance • Austin, TX • Post-Money Valuation


Radical, a company that develops high-altitude solar aircraft, raises $4.5MM Seed from Scout Ventures.

Aircraft • Seattle, WA • Post-Money Valuation


Outpost, a company that develops a network of managed semi-truck parking facilities, raises $12.5MM Series A from GreenPoint Partners.

Facilities Services • Austin, TX • Post-Money Valuation


Prophet Security, a company that investigates alerts and responds to threats with unparalleled speed and precision, raises $11MM Seed from Bain Capital Ventures.

Cyber Security • Palo Alto, CA • Post-Money Valuation


Summer Health, a firm that provides online child care services with direct contact with pediatrics, raises $11.7MM Series A from 7wire Ventures.

Childcare • New York, NY • Post-Money Valuation


Wilde Brands, a company that develops a chip made of chicken breast, egg whites, and bone broth, raises $20MM Equity Funding from KarpReilly.

Food Processing • Nashville, TN • Post-Money Valuation



RWX, a software developer that offers an open-source tool designed to optimize performance, reliability, and developer experience, raises $7MM Seed from Quiet Capital.

Developer Tools • Columbus, OH • Post-Money Valuation


Amplifier Security, a company that provides automation and security copilot, raises $3.3MM Equity Funding from Cota Capital.

Security • Atlanta, GA • Post-Money Valuation


Sublime Security, a platform developer that provides email security that uses machine learning intended to write and run custom detection and response rules to block phishing attacks, raises $20MM Series A from Index Ventures.

Cyber Security • Washington, DC • Post-Money Valuation


Handl Health, a company that developed an AI platform that compares prices of carrier networks and healthcare providers to help benefits consultants design and manage best in class health plans, raises $2.5MM Seed from Mucker Capital.

Artificial Intelligence • Los Angeles, CA • Post-Money Valuation


AtaCor Medical, a medical equipment company that designs and manufactures cardiac pacing systems, raises $28MM Series C from Arboretum Ventures.

Medical Devices • San Clemente, CA • Post-Money Valuation


Blackstone intends to acquire Tropical Smoothie Cafe, a smoothies and restaurant franchise.

Convenience Food • Atlanta, GA • Deal


Periphas Capital invests in FinQuery, a developer of a software platform that provides visibility into the largest areas of spend-leases, contracts, & software subscriptions.

Enterprise Software • Atlanta, GA • Deal


Finsight Group acquires T-REX Group, a company that develops a data management and cashflow analytics platform designed for modeling and managing complex investments across private credit and structured finance markets.

Analytics • New York, NY • Deal


Cultivate Brands acquires Petra Coach, a company that helps business owners formulate structures to grow dynamic businesses that focus on people, planning, processes and profit.

Consulting • Franklin, TN • Deal


CC Industries acquires Foremark Performance Chemicals, a company that manufactures and distributes  formaldehyde and formaldehyde derivatives for chemical intermediates.

Chemicals • La Porte, TX • Deal


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