Nearly a year after an alleged cyber robbery that resulted in the loss of $235 million in virtual digital assets, the Singapore High Court (HC) on 5 June dismissed the planned restructuring plan of WazirX’s parent company, dealing a serious blow to cryptocurrency traders on the exchange platform.
The parent business Zettai’s plan of arrangement was revoked just weeks after Zensui Corporation, a subsidiary, was established in Panama. According to those acquainted with the case, the court’s decision was spurred by the company’s failure to disclose this incorporation data during the restructuring process.
According to an affidavit filed with the Singapore court and examined by Business Standard, Zensui was formed on March 10 of this year. Furthermore, the business stated that Zettai has no plans to apply for a Singaporean digital token service provider (DTSP) licence.
Additionally, it stated that neither the parent company nor its Panama subsidiary planned to submit an application to register with the Financial Intelligence Unit-India (FIU-IND).
In a post on X, WazirX stated that the Singapore High Court had issued a ruling rejecting our suggested reorganisation plan. Although this result was not what the brand had hoped for, it respects the court’s ruling and is still totally committed to following all legal and regulatory procedures.
WazirX May Appeal Against the Recent Order
According to a recent report that cited comments from company management, the digital currency exchange may file an appeal against the most recent ruling made by the Singaporean court.
Laws in Singapore mandate that DTSPs, who must obtain a licence there, suspend or stop conducting business outside the island nation by June 30.
The delay in allocating available assets to creditors could be exacerbated by the company’s setback. According to Navodaya Singh Rajpurohit, founder of Pravadati Legal and legal partner at Coinque Consulting, Zettai also neglected to notify users or the court about the March 10 incorporation of its subsidiary Zensui and an agreement to transfer cryptocurrency assets to Zensui.
In order to distribute cryptocurrencies legally in India, Zettai disclosed that it does not plan to register with FIU-IND, he continued. “The scheme was not viable and lacked transparency due to these omissions and regulatory non-compliances,” he stated.
WazirX’s Explanation in Court
The company stated in the affidavit that one of the reasons it did not intend to apply for the DTSP licence was because of the Financial Services and Markets Act 2022.
The Act did not pose any practical or legal obstacles to Zettai carrying out the first distribution or permitting withdrawals in line with the scheme of arrangement.
According to a media report, since the holding was with Singapore, the Panama subsidiary was in charge of the bitcoin linked to redistribution. It was a stopgap measure because, after June 30, the company hoped to relocate to a country where it could adhere to rules and regulations.
Months after the firm requested restructuring in the Singapore High Court, Zettai reported in April that 93.1% of eligible voting creditors, or 94.6% of the total value of claims, voted in favour of the plan. Voters were 141,476 scheme creditors, representing approved claims totalling $195.65 million. 131,659 investors, or $184.99 million, of the whole creditor base supported the plan.
The Tarzan Way is an AI-powered travel tech startup enabling users to craft hyper-personalised and authentic holidays in seconds
The funds will be used across product development, operations, marketing, HR, and to launch their new “Exploration App”
So far, Inflection Point Ventures has invested over INR 800 Cr across 210+ startups.
The Tarzan Way, an AI-powered travel tech platform redefining how the world travels, has raised INR 2 crore in a funding round led by Inflection Point Ventures. The funds will be utilised for product development (35%), operational streamlining (25%), marketing (20%), HR and admin (15%), and miscellaneous expenses (5%). The round also saw participation from Your Trips Limited (UK-based travel company), Prateek Maheshwari (Founder at PhysicsWallah) and other angel investors.
Founded in 2020 by Shikhar Chadha and Shivank Tripathi, The Tarzan Way is an intelligent travel companion that enables users to design hyper-personalised, authentic holiday experiences across the globe in just a few clicks. The company is driven by the mission to simplify and elevate travel through technology.
Both founders bring complementary skills and a shared passion for travel innovation. Shikhar and Shivank aim to break the clutter in the travel industry by combining deep tech with human-centric storytelling, enabling each trip to be memorable and meaningful.
Ankur Mittal, Co- Founder, Inflection Point Ventures, said, “As more people venture out to explore the world, the demand for experiential travel — journeys that are immersive, personalized, and meaningful — is rapidly rising. Yet, most travellers still rely on traditional travel agencies that offer rigid plans, or they find themselves overwhelmed trying to plan it all on their own. Tarzan Way bridges this gap by using AI and technology to create smart, tailored travel experiences that act as a true companion throughout the journey, making every trip not just a getaway, but a story worth remembering.”
The startup operates on a global scale and is fast emerging as a go-to platform for immersive travel experiences. The fresh funds will be deployed towards product development, operational efficiency, marketing, and team building, alongside the launch of its new “Exploration App.”
What makes The Tarzan Way stand out is its hyper-personalised itineraries, AI-backed booking engine, 24×7 live concierge support, and one-click booking experience. Their platform integrates local flavours and authentic experiences with tech-powered efficiency.
“Our passion lies in creating memories that last. We don’t just plan trips; we help people craft stories that stay with them forever. That’s the core spirit behind The Tarzan Way,” said Shikhar Chadha, Co-founder, The Tarzan Way.
In terms of performance, the company has witnessed a 300% YoY revenue growth and 70% MoM user growth. With 35K+ social followers and over 10M content views, it has already clocked INR 13.5 Cr in gross value of bookings.
The Indian travel & tourism sector contributed over $199B to the GDP in 2023 and is projected to touch $512B by 2028. The space is primed for disruption, especially with the rise of AI and experiential travel.
About The Tarzan Way
Founded in 2020 by Shikhar Chadha & Shivank Tripathi, The Tarzan Way is an AI-powered travel buddy that enables users to craft hyper-personalised & authentic holidays within seconds. With the vision of innovating & simplifying travel, the company’s core USP lies in the hyper-local personalisation with unique experiences & activities across the globe.
About Inflection Point Ventures and Physis Capital
Inflection Point Ventures (IPV) is an angel investing platform with over 23,500+ CXOs, HNIs, and Professionals to invest in startups. The firm supports new-age entrepreneurs by providing them with monetary & experiential capital and connecting them with a diverse group of investors. IPV has launched a $50 Mn CAT 2 VC fund, Physis Capital, to invest in Pre-Series A to Series B growth-stage start-ups. The fund has already deployed capital in two startups so far, with a few deals in advanced stages of the pipeline.
Zomato is an Indian restaurant search, discovery, and online food delivery service. The food tech unicorn was founded by Deepinder Goyal and Pankaj Chaddah in 2008. Zomato is well known throughout the country and has also managed to venture into many international markets over the years. It currently operates in 10,000 cities in 24 countries, including the USA, India, Australia, Brazil, New Zealand, Singapore, the United States and in the Middle East Qatar.
Today, Zomato focuses on online food ordering, restaurant reservations, loyalty programs, consultant services, and a lot more. Zomato is also a food search engine that works the same as Google’s search engine but explores a wide range of food and restaurants. The company has grown from a home project to one of the world’s largest food aggregators. Zomato not only connects people to food in every context but also works closely with restaurants to enable a sustainable ecosystem.
With its unique and sustainable business and revenue model, as well as a well-defined organizational structure of Zomato, the company has managed to remain a top player in the market. Zomato has become successful because of factors such as affordability, easy accessibility, and assortment, which have built trust among people from the years of service. Zomato continues to work on finding innovative ways to serve its customers.
Zomato – History
Founders of Zomato – Deepinder Goyal and Pankaj Chaddah
Zomato, which was earlier known as Foodiebay, was established in July 2008 by two IIT graduates, Deepinder Goyal and Pankaj Chaddah. The idea first struck Deepinder when his colleagues consistently had a demand for paper menu leaflets from different restaurants to order food. That is when he thought of converting the restaurants’ paper menus to a digital app, which is far more accessible and easier to use.
In a matter of 9 months, the company grew to become the largest restaurant directory in Delhi and later expanded to other cities due to its success. By 2012, Zomato had started expanding internationally to countries like the UK, South Africa, Qatar, Sri Lanka, South Africa, New Zealand, Brazil, etc. During this course, the company had to change its name since its last four letters of ‘Foodiebay’ coincided with ‘eBay’; the company name was changed to Zomato in 2010 to avoid any legal issues.
In 2015, the company forayed into the food delivery business and went on to launch Gold in India, which was a subscription product under which subscribers would get access to complimentary food and drinks. Zomato also launched Hyperpure, which directly works with Farmers to improve the quality of food produce and supply fresh produce to restaurants. The company now views its business as a combination of three key large pillars: Delivery, Dining Out, and Sustainability.
How Zomato Works: A Simple Guide for Customers & Restaurants
How Zomato Works
Search Restaurants: Open the Zomato app or website, enter your location, and explore restaurants by cuisine, name, or deals nearby.
Check Details: Click on a restaurant to see its menu, prices, photos, reviews, hours, and delivery information, all in one place.
Place Your Order: Pick your favorite dishes, customize them to your liking, and add them to your cart.
Make Payment: Pay easily via card, net banking, wallet, or even cash on delivery (if available).
Track Delivery: Once the order’s confirmed, the restaurant prepares your food, and a Zomato delivery partner brings it right to your door. You can track the delivery in real-time.
Leave a Review: After your meal, rate the restaurant and share your feedback to help others.
Zomato also helps users discover new places and gives restaurant owners tools to manage their listings, menus, and reviews.
Zomato – Business Model
Zomato Business Model Canvas
During the initial phase of the company, Zomato used to scan the menu of the restaurants and keep it on the site, and the menu was received by people. It still follows the same formula but has also added other services to its operation. The business model of Zomato is quite different from that of other food delivery such as Swiggy and Foodpanda. The key partners of Zomato are Uber and London & Partners, which could launch Zomato in the UK within the expected timeline. The business plan of Zomato focuses on expanding its food delivery network, enhancing customer experience, and generating revenue through restaurant partnerships, advertisements, and subscription services.
While the company’s key resource is its large database of restaurants across 10,000 cities in 24 different countries, the business model is based on providing local restaurant search services, collecting data on food menu contacts, and providing relevant information to their customers. The main channels for Zomato are mobile applications and its website. The target audience of the company is the users who try to find local restaurants of various cuisines and restaurants who want their name to reach a large number of people. The Zomato working model is built around connecting customers with restaurants through online food ordering, delivery services, and real-time tracking.
Zomato also caters to customers who prefer home delivery; it helps out database and market research of companies. At the same time, the online service is built with a mandatory rating mechanism. Zomato’s business model has revolutionized the food industry by incorporating various restaurants and making it convenient for people to find restaurants, provide feedback, and food business industries by incorporating various listings and availability according to their choice of cuisine.
Zomato – Expansion & Impact
Zomato employs over 5,000 individuals, spanning diverse roles and compensation levels.
The monthly user base is 80 million users.
Zomato continually expands its platform, adding a new restaurant every 30 seconds.
Presence established in 24 countries.
Available in multiple languages, including Turkish, Portuguese, Indonesian, English, Hindi, and some regional Indian languages.
Zomato – Revenue Model | How Zomato Earns Money
Zomato Financial Snapshot
Zomato Yearly Financials
Particulars
FY24
FY23
Total Revenue
12,961 crore
7,760.9 Cr
Revenue from operations
INR 12,114 crore
INR 7,079.4 crore
Other income
INR 847 crore
INR 681.5 crore
Profit/(Loss) before tax
INR 291 crore
(INR 1,014.6 crore)
Tax expense
(INR 60 crore)
(INR 43.6 crore)
Current tax
INR 1 crore
INR 0.4 crore
Deferred tax
(INR 61 crore)
(INR 44 crore)
Profit/(Loss) for the year
Profit of INR 351 crore
Loss of INR 917 crore
Zomato, in itself, does not offer the products to customers, but the revenue model of Zomato is massive. Zomato is not just a food business; it is also in the advertising business. Zomato turnover has seen significant growth over the years, reflecting the company’s expanding presence in the online food delivery market. Zomato’s business has two parts: one is the delivery business, and two is the advertising business. Today, Zomato has multiple revenue streams besides online ordering, which most consumers would be familiar with. Zomato’s profit for the year 2024 was INR 351 crore.
Zomato Expense Breakdown
Zomato Expense Breakdown
FY24
FY23
Total Expenses
INR 12,670 crore
INR 8,775.3 crore
Purchase of stock-in-trade
INR 2,887 crore
INR 1,438.2 crore
Changes in inventories
(INR 5 crore)
(INR 43 crore)
Employee benefit expense
INR 1,659 crore
INR 1,465 crore
Finance costs
INR 72 crore
INR 48.7 crore
Amortization & Depreciation
INR 526 crore
INR 436.9 crore
Other expenses
INR 7,531 crore
INR 5,429.5 crore
Zomato saw growth in FY24, with its operating revenue increasing by 70.8%, reaching INR 12,114 crore compared to INR 7,079.4 crore in FY23. The company also turned profitable, posting a profit of INR 351 crore in FY24, compared to a loss of INR 917 crore in FY23. However, total expenses increased by 44.4% to INR 12,670 crore in FY24, up from INR 8,775.3 crore in FY23.
Restaurant Listings and Advertising
Zomato first started as a restaurant search and rating service. This brought in the advertising revenues from restaurants who joined the platform. They further extended this feature to food delivery and restaurant reservations; for this, Zomato charges commissions from restaurants that want to be placed on the feed. Advertising is Zomato’s major source of revenue. The restaurants can promote their banner on the site in order to get better visibility and appeal to a large section of the audience via Zomato.
Food Delivery
Zomato Revenue Model – Food Delivery
Through the food delivery business, Zomato charges a commission to the restaurants based on orders. The company earns through restaurants that pay a commission for each delivery, which is then split among the delivery partners and the company. Zomato imposes a commission ranging from 20% to 25% on each order made at a specific restaurant, with potential variations in commission rates from 5% to 7% in certain regions. However, online food delivery only contributes a low percentage of income compared to other revenue streams because of the huge competition and the need to provide deep discounts.
Subscription Programs
The next major source of revenue for Zomato is a subscription fee. Restaurants pay a certain fee monthly; in return, Zomato offers them the analytical tools. Zomato has a huge number of databases that know what a customer wants to eat, where he/she wants to eat, and what the consumers are searching for, and itis given to restaurants, which helps them know about all this information through the cookies. It has a tool called Zomato Order which is given to restaurants, which tells them about consumers’ interests. The restaurants then use this tool to flash their discount offers on food.
Live Events
Zomato Revenue Model – Zomaland
Zomato has forayed into the events space by partnering with restaurants and creating limited events. By which they made a sale through the price of the tickets. Zomato recently introduced Zomaland and entered the live event market in 2019. Zomato charges users an entry fee to attend Zomaland, where, besides food, they can witness live musical performances and other acts. Zomato also organized an entertainment carnival in 2018 in Delhi, Pune and Bengaluru, where more than 100 thousand people showed up.
White Label Access
The next source of revenue is app development. Zomato launched a service called Zomato Whitelabel, under which they give offers to restaurants to develop customized food delivery apps. It also works with cloud kitchens and restaurants for consultancy services. Zomato works with selected restaurant operators to help in identifying locations for expansions at a minimal fixed cost but with increased options for the user. It provides the requisite licenses and operational enablement for such restaurant partners.
Zomato studies how people use its app and how restaurants perform. It shares this information with restaurants and others in the food business. This helps restaurants improve their menu, prices, and promotions. Zomato also uses the data to make its app better. It earns money by charging a fee for sharing this data.
Zomato Kitchens
Zomato also provides kitchen infrastructure services to select restaurant operators; it works with entrepreneurs to set up and operate Zomato kitchens under various other labels. This helps entrepreneurs fund restaurants in the right location with an investment of INR 35 lakhs. It also claims to offer returns in the range of INR 2 lakh to INR 4 lakh per month to investors and has so far completed more than 180 affiliated kitchens.
Zomato Gold
Zomato Revenue Model – Zomato Gold
Zomato Gold is a premium subscription service offered by Zomato, providing members with exclusive dining benefits. Subscribers enjoy complimentary dishes or drinks at partner restaurants, making dining out a more rewarding experience. The service aims to enhance the dining lifestyle by offering special privileges and discounts at a wide range of top-rated eateries. Zomato Gold caters to food enthusiasts seeking unique culinary experiences while enjoying cost-effective perks. It has become a popular choice for those who appreciate both quality dining and savings.
The total revenue generated by Zomato in FY 22 was INR 4192 crore whereas its turnover in FY 2023 was INR 7079 crore.
The business model of Zomato offers a variety of value to its customers, while Zomato’s revenue model focus has been on creating something new and extra that the customers cannot get anywhere else. Zomato is a one-stop shop for dinners and offers a way for restaurants to differentiate themselves. Restaurants have an option to create differentiation by keeping the listing updated, responding to criticism positively, and also by being accountable for their action.
Zomato’s business plan believes in creating value for its customers to sustain its business operations. The company endeavors to bridge the gap between customers and restaurants by providing efficient technology applications, which, as outlined in the business plan, has played a crucial role in reducing delivery times and enhancing overall service quality. Zomato business plan focuses on food delivery, restaurant listings, and data insights to create a profitable and scalable model in the food tech industry.
FAQs
What is Zomato?
Zomato is an online platform that offers food delivery and helps users discover restaurants with various dining options available.
What is Zomato Business Model?
Business model of Zomato is a commission-based model, charging restaurants a percentage fee for orders through its platform. Revenue is generated via subscription services, including Zomato Gold, which grants exclusive dining benefits.
How Zomato works?
Zomato connects users with restaurants by allowing them to browse menus, read reviews, and order food for delivery or pickup. It also offers table reservations and subscription services like Zomato Pro for discounts. Restaurants can list their services and manage orders through the platform.
What is the revenue of Zomato?
Zomato’s revenue is ₹12,961 crore (2024).
How to contact Zomato for business?
You can contact Zomato through email to start a business with them.
What is Zomato for business apps?
The Zomato for Business app is for business owners. It is an interface with powerful features to get the most out of your Zomato listing.
Zomato operates in how many countries?
Zomato operates in 10,000 cities in 24 countries, including the USA, India, Australia, Brazil, New Zealand, Singapore, the United States, and in the Middle East Qatar.
What is Zomato revenue model?
Zomato’s revenue model is based on several key sources. It earns a commission from restaurants for each food delivery order placed through its platform. Additionally, Zomato generates income from advertising by allowing restaurants to pay for premium listings and visibility. The subscription service Zomato Pro brings in revenue from users who access discounts and exclusive deals. Zomato also makes money through Hyperpure, which supplies quality ingredients to restaurants. These revenue streams help Zomato sustain and grow its business.
What are Zomato products and services?
Products and services offered by zomato include food delivery, restaurant discovery, and table reservations. It allows users to explore local dining options, read reviews, and place orders online. Zomato Pro offers members discounts at partner restaurants, while Hyperpure supplies fresh ingredients to restaurants. These services help Zomato connect customers with restaurants and enhance the dining experience.
According to various media reports, the Gujarat Cooperative Milk Marketing Federation (Amul), which sells goods under the Amul brand, has partnered strategically with Spain’s Cooperativa Ganadera del Valle de los Pedroches (COVAP) to launch its signature milk product in both Spain and the EU.
Before moving on to other Portuguese cities like Malaga, Valencia, Alicante, Seville, Córdoba, and Lisbon, the rollout will start in Madrid and Barcelona.
Amul intends to enter additional European markets in the future, including Germany, Italy, and Switzerland. The Indian Embassy in Madrid hosted the formal launch event.
According to Jayen Mehta, managing director of Amul, this partnership will guarantee that the goodness of Amul Milk will nourish and invigorate all of our Spanish customers. Amul fresh milk is being introduced in Europe for the first time.
Amul’s Broader Vision of Global Expansion
In line with the goal of India’s Honourable Prime Minister, Narendra Modi, to establish Amul as a worldwide dairy brand, Mehta emphasised India’s larger aim for international dairy expansion, saying it is a great pleasure to convey the taste of India to the globe.
With almost 2,000 active farmer members, COVAP is a prominent Spanish cooperative that was established in Pozoblanco, Córdoba, in 1959. Over 400 million litres of milk are processed annually at its state-of-the-art dairy plant, which exports to over 30 nations, including the US, UK, and certain areas of Asia.
In his remarks, COVAP President Ricardo Delgado Vizcaíno stated that the relationship with Amul enables COVAP to collaborate with another cooperative to assist them in expanding their brand in Spain, which benefits not only the dairy farmer members of the brand but also those in India.
With 112 dairy factories spread throughout India, Amul, the largest farmer-owned dairy cooperative in the world with 3.6 million members, processes more than 12 billion litres of milk a year.
With a revenue of over $11 billion, it is regarded by international rankings as the most powerful dairy brand in the world.
Amul Hiking Milk Prices to Offer More Benefits to Milk Producers
Amul increased the price of its fresh pouch milk nationwide by INR 2 per litre in April of this year. The cooperative underlined that the maximum retail price has increased by 3–4%, which is much less than the average rate of food inflation.
Amul made it clear in its statement that it gives milk producers 80 paise for every rupee made from the sale of milk and milk products. According to the statement, the price adjustment will support our milk producers in maintaining fair milk pricing and incentivising them to increase their output.
In the meantime, Mother Dairy raised prices by INR 2 per litre as well. According to the statement, Amul added 50 and 100 millilitres of extra milk to 1-litre and 2-litre cartons for over five months last year, further benefiting consumers.
In addition, starting in January, all markets saw a one-litre pack price reduction of INR 1. Amul explained that since June 2024, the price of fresh pouch milk has not increased.
Most individuals, particularly in India, believe that a college degree is required to get employed by a company or to obtain a white-collar job. And yes, most employers do require a graduate degree, but this is not the case for all employers. There are still some businesses that are willing to give folks a chance. You can get the job with or without a degree if you have the enthusiasm and the correct mindset.
Many large firms, such as Apple and Google, are now recruiting people without degrees because they are searching for smart and bright individuals who can be turned into great assets for the company with the correct training and working experience.
College may be quite expensive and time-consuming for some of us, and when there are so many other ways to make money without going to college, why waste time on it? College is not for everyone. If you have the right skills, companies won’t mind hiring you, no matter what marks you have on your official papers.
There are many companies out there that don’t require a college degree to get hired. Instead, they focus on skills, experience, and potential. In this blog, we’ll explore some of the top companies that are leading the way in this trend and discuss why they believe that a degree is not always necessary for success in the workplace.
Top 15 Companies That Don’t Require a Degree – Google Office
The first company that comes to mind that requires no college degree is Google, as the founders, Larry Page and Sergey Brin are both college dropouts who pursued their dream over their degrees and are now some of the most successful entrepreneurs of all time.
Google is known for its innovative and forward-thinking approach to business, and this extends to its hiring practices. The tech giant no longer requires a college degree for many of their positions, instead focusing on skills and experience. For example, Google has launched a certificate program in IT Support, which teaches students the skills they need to be successful in entry-level IT support roles. Google has also stated that they value skills like problem-solving, communication, and leadership just as much as a college degree.
It is simple to get a job at Google, but keep in mind that the organization requires specific talents and work experience. Even if you don’t have a college degree or certificate, you won’t get hired if you don’t have the necessary skills. You must demonstrate to them that you can contribute to the company’s success.
Top 15 Companies That Don’t Require a Degree – Apple Office
As previously said, the majority of famous entrepreneurs were college dropouts who nevertheless succeeded. Steve Jobs is one of them. He was also a dropout from college, but that didn’t stop him from building a trillion-dollar business.
Apple has also made it clear that having a degree is not important, but they look for candidates who are passionate about their work and have a track record of success in their field. Apple has stated that they value skills like creativity, collaboration, and critical thinking just as much as a degree. It all boils down to training, as new employees are generally provided training before becoming fully-fledged workers at these big companies.
Top 15 Companies That Don’t Require a Degree – Netflix Office
Unlike the last two, Netflix’s founders, Reed Hastings and Marc Randolph, were not college dropouts, but Netflix, like other large corporations, hires employees who can execute the job and have the necessary skills, regardless of their educational background. Even if you have no college degree, there are still some job openings at Netflix that you can apply for and get the job if you have what they are looking for. Netflix does look for candidates who have a strong track record of success and relevant experience in their field. Netflix also values soft skills like creativity, teamwork, communication, and problem-solving.
Top 15 Companies That Don’t Require a Degree – Starbucks
Even if you have no prior barista or related experience, you can easily apply and get a job at Starbucks because the firm provides training to its newly hired employees so that they can be beneficial to the company and do their tasks effectively.
Most people who have worked at Starbucks would tell you that they were employed without any experience, but that thanks to the company’s training and work experience, they now know everything there is to know about the coffee business. One might also use their education and professional experience to start their own business. Starbucks also has a program called the “Pathways to Opportunity” program that provides employees with the opportunity to earn a college degree at no cost.
Top 15 Companies That Don’t Require a Degree – Zoho Corporation
Zoho is a software development company based in India that has a reputation for hiring candidates based on their skills and abilities, rather than their educational qualifications. Zoho is looking for employees who don’t have a graduate degree but are eager to learn and improve. The company provides new employees with training, and once the training period is completed, the individuals are eligible to join and work as full-time employees.
Over academic credentials, Zoho places a premium on talent and skills. Zoho has also created an internal training program called “Zoho University” that provides training and development opportunities for employees, regardless of their educational background. This program has been successful in helping candidates develop the skills needed to succeed in their roles at Zoho. To be eligible for the training, however, one must have completed the 12th grade. The company does not require a graduate degree, but it does require 12th-grade passing certificate.
Top 15 Companies That Don’t Require a Degree – QBurst Office
QBurst is a product design and advisory firm based in the United States. It hires people all around the world, and from India too. The company has a culture that values creativity, innovation, and a passion for technology, and they look for candidates who can demonstrate these qualities. One can get a chance in the company even without a college degree or certificate, but the company demands experience and a high level of expertise in what you are doing. One must be really knowledgeable about the field and provide an impressive work history.
QBurst also provides training and development opportunities for employees, which allows them to grow their skills and expertise over time. So, if you have relevant skills and experience in the digital solutions field, QBurst could be a great place to work, regardless of your educational qualifications.
Herman Hollerith, Thomas J. Watson, Charles Ranlett Flint
Headquarters
New York, United States
Top 15 Companies That Don’t Require a Degree – IBM Office
IBM has a long history of valuing skills over credentials. In fact, they have been hiring non-college graduates for decades and have even launched their own apprenticeship program to help train and hire people without degrees. IBM is focused on finding candidates with the right skills and potential, and they believe that a college degree is not always the best indicator of success in the workplace.
In fact, IBM is one of the best companies that provides training and technical support to individuals all over the world with the promise of employment in the company. The company provides training and all the necessary tools to transform trainees into skillful assets for the company. There is no requirement for a college degree or certificate, and one can apply for it easily.
8. Whole Foods Market
Website
www.wholefoodsmarket.com
Founded
1980
Founders
John Mackey, Renee Lawson Hardy, Mark Skiles, Craig Weller
Headquarters
Texas, United States
Top 15 Companies That Don’t Require a Degree – Whole Foods Market
The company is known for selling organic fresh food products with no added preservatives or any other additives. The company requires no college degree for joining ,but one must have the talent they are looking for. The company has many perks of working there, like a 20% in-store discount, Mental health assistance and many more.
Whole Foods Market is one of the companies hiring without degree, also has a policy that encourages managers to look beyond a candidate’s educational background and consider other factors, such as relevant work experience, cultural fit, and soft skills like communication and teamwork.
9. Hilton
Website
www.hilton.com
Founded
1919
Founders
Conrad Nicholson Hilton
Headquarters
Virginia, United States
Hilton Office
Hilton is a hospitality company, based in the USA, and has hotels all over the world. They are known for their commitment to diversity and inclusion in the workplace. As part of this commitment, Hilton does not require a college degree for many of their positions, instead focusing on skills like customer service, communication, and teamwork. They have also launched a program called “Rise,” which provides education and training opportunities to help employees develop the skills they need to advance in their careers. The company also provides internships for freshers who want to learn and gain some experience.
10. Bank of America
Website
www.bankofamerica.com
Founded
1998
Founders
Amadeo Giannini, Hugh McColl
Headquarters
North Carolina, United States
Bank of America – Company that don’t require a degree
Bank of America, also known as BOA, is an American multinational investment bank and financial services company based in Charlotte, North Carolina. The bank has several branches all over the globe, including Hong Kong, Toronto, Dallas, and New York. The corporation requires no degree to apply, and one can have a great learning experience there.
Bank of America also has a program called “Pathways” that provides on-the-job training and development opportunities for candidates who do not have a college degree but have relevant work experience and potential.
11. Chipotle
Website
www.chipotle.com
Founded
1993
Founders
Steve Ells
Headquarters
Carolina, United States
Companies That Hire Without a Degree – Chipotle
Chipotle Mexican Grill, Inc., famously known as ‘Chipotle’, is America’s largest food chain and has restaurants in different countries like Canada, Germany, France, and the United Kingdom. The company also provides jobs without degrees. So, if you have relevant skills and experience in the food service industry and a passion for customer service and teamwork, Chipotle could be a great place to work, regardless of your educational qualifications.
Chipotle has a history of promoting employees from within the company, which means that there are opportunities for employees to build their careers and move up the ranks, even if they don’t have a college degree.
12. Home Depot
Website
www.homedepot.com
Founded
1978
Founders
Bernard Marcus, Ken Langone, Arthur Blank, Pat Farrah, Ron Brill
Headquarters
Georgia, United States
Companies That Hire Without a Degree – The Home Depot
The Home Depot, Inc., also known as Home Depot, is one of the biggest home improvement, home innovation, and remodeling companies in America. The company has stores in different countries like China, Canada, Mexico, South America, and the United Kingdom. The company values qualities like customer service, teamwork, and a passion for home improvement, and they look for candidates who can demonstrate these qualities, regardless of their educational background. One can easily apply for a job at the company without worrying about having a college degree.
The company is an employee-owned store, which means the employees own the stakes in the company. And the company provides jobs with or without a degree, so it doesn’t matter. Publix is a USA-based company that operates in the southeastern part of the country.
The company also values diversity and inclusion, and it strives to create a positive and supportive work environment for all employees. So, if you have relevant skills and experience in retail or customer service, and a passion for teamwork and a positive work environment, Publix could be a great place to work, regardless of your educational qualifications.
14. Costco Wholesale
Website
www.costco.com
Founded
1976
Founders
James Sinegal, Jeffrey H. Brotman
Headquarters
Washington, United States
Companies That Hire Without a Degree – Costco Wholesale
Costco Wholesale Corporation, more commonly known as Costco, is based in America and has member-only warehouses and retail stores. It is known to hire candidates based on their skills, experience, and potential, rather than their educational qualifications.. If you are looking for job opportunities at Costco Wholesale, you can easily apply here as the company does not ask for a college degree and hires on the basis of skills and talent.
Nordstrom, Inc. is a luxury department store based in the United States. The company started as a shoe store but now sells premium clothing, bags, makeup, and so much more. The company hires most of its employees without any college degree, and one can easily apply and get a job there if they have the skills for it. So, if you have relevant skills and experience in sales or a passion for fashion, Nordstrom could be a great place to work, regardless of your educational qualifications.
16. Lowe’s
Website
www.lowes.com
Founded
1921
Founders
Carl Buchan
Headquarters
North Carolina, United States
Companies That Hire Without a Degree – Lowe’s
Lowe’s Companies, Inc., also known as Lowe’s, is an independent store that sells several things, especially home renovation products, based in Mooresville, North Carolina. The company has stores in the USA and Canada. Lowe’s also hires people with no college degrees, and it can be a great opportunity for people looking for a career in retail.
Companies That Hire Without a Degree – Penguin Random House
Penguin Random House is one of the largest book publishers in the world, and they are committed to hiring a diverse workforce that reflects the communities they serve. As part of this commitment, Penguin Random House does not require a college degree for many of its entry-level positions. Instead, they look for candidates with a passion for books and a willingness to learn. They have also launched a program called “Entry-Level Diversity Initiative,” which provides training and mentorship to help employees from diverse backgrounds succeed in the publishing industry.
18. Microsoft
Website
www.microsoft.com
Founded
1975
Founders
Bill Gates, Paul Allen
Headquarters
Washington, United States
Companies That Do Not Require a College Degree – Microsoft
Microsoft was started in 1975 and is now one of the biggest software companies in the world. It has played a huge role in growing the tech industry and keeps doing that by investing in new technologies.
Microsoft’s goal is to help people, whether they’re students, workers, or businesses, use technology to reach their full potential. The company has created many popular products like its own operating system (Windows), computers, web browsers, a search engine, and video games.
All of this is made possible by their passionate employees. Microsoft believes in hiring talented people, not just those with college degrees, but anyone who has useful skills and can add value to the company.
Amazon has completely changed the way we shop online by using the power of technology. Started in 1994, Amazon has grown into a global internet giant. In just a few decades, it became one of the most valuable companies in the world.
But this success didn’t happen overnight. Amazon kept trying new ideas and experimenting with different technologies to make shopping faster and easier for everyone. From blockchain and AI to supply chain systems and full-stack development, Amazon uses all kinds of tech to run its business.
The best part? Amazon cares more about your skills than your college degree. If you’re good at a certain technology, you could land a high-paying job there. And if you’re looking to build those skills, feel free to check out the resources on our website.
Companies That Do Not Require a College Degree – Tesla
Tesla, Inc. is an American company that makes electric cars. It was started on July 1, 2003, by Martin Eberhard and Marc Tarpenning. Today, Tesla is one of the most valuable companies in the world and has around 10,000 employees.
The best part? You don’t need a special degree to work at Tesla. Even college students can apply. A few months ago, Tesla’s CEO, Elon Musk, said that the company’s factories are growing fast and will be hiring many new people, no specific qualification needed!
Tesla offers jobs in different areas like manufacturing, customer support, and more. So if you’re skilled and eager to learn, Tesla might have a spot for you.
When it comes to jobs, the traditional requirement of a college degree is no longer a prerequisite for success in many companies today. As companies recognize the value of skills, experience, and potential, they are creating more opportunities for non-college graduates to thrive in the workplace. Companies like Google, Apple, IBM, Hilton Worldwide, and Penguin Random House are leading the way in this trend and proving that a degree is not always necessary for success. This shift in hiring practices has the potential to create a more diverse and inclusive workforce while also providing more opportunities for people from all backgrounds to pursue fulfilling careers. As the workforce continues to evolve, it’s exciting to see companies embracing new ways of finding and hiring top talent.
FAQs
Which company hire without degree?
Apple, Google, Bank of America, Starbucks, Zoho, IBM, Home Depot, WholeFoods, Penguin Random House, and Hilton are some of the top companies that hire without degrees.
What skills do companies value instead of a college degree?
Companies value a variety of skills, including problem-solving, critical thinking, communication, teamwork, creativity, and leadership. They also look for candidates with specific skills related to the job, such as IT skills or customer service skills.
Why do companies hire employees who don’t have a college degree?
Companies may hire employees who don’t have a college degree because they have specific skills or knowledge, to increase diversity and inclusion in their workforce, or to save costs associated with hiring college graduates.
Which IT companies hire without degree in India?
The top 15 companies that don’t require a degree in india
Infosys
Wipro
HCL Technologies
Tech Mahindra
Mphasis
Capgemini
TCS (Tata Consultancy Services)
Cognizant
Accenture
IBM India
Unacademy
Freshworks
ZOHO
Zerodha
CRED
Can I get job in MNC without degree?
Yes, it is possible to get a job in an MNC (Multinational Corporation) without a degree. However, it is important to note that MNCs still require candidates to have relevant skills and experience for their job openings, and they may have specific requirements for each position.
What is the highest paying job without college degree?
Real Estate agents, Wholesale and Manufacturing Sales Representatives, and Web Developers are some of the high-paying jobs that do not require a college degree.
Which are the companies that hire programmers without degrees?
Google, Apple, IBM, LinkedIn, Facebook, Pinterest, and Airbnb are the companies that hire programmers without degrees.
Do companies that don’t require a college degree only hire for entry-level positions?
No, many companies that do not require a college degree hire for a variety of positions, including mid-level and even executive roles. However, they still look for candidates with the skills and experience necessary for those positions.
Should I still consider getting a college degree?
That depends on your goals and career aspirations. While a college degree is not always necessary, it can still be beneficial in some industries and may open up more opportunities for advancement.
Which companies hire without degree in India?
In India, many companies are open to hiring people without a formal degree if they have the right skills. Companies like Zoho, Tech Mahindra, TCS, Wipro, and Infosys have training or skill-based hiring programs. Startups like Zerodha, CRED, Freshworks, and Unacademy also focus more on talent and hands-on experience than on qualifications.
On World Environment Day 2025, with the theme “Beat Plastic Pollution,” the world focuses on reducing plastic waste. India alone generates over 9.3 million tonnes of plastic waste every year, much of which ends up in landfills, rivers, or informal channels. Despite policies like the Plastic Waste Management Rules and EPR mandates, recycling remains limited.
StartupTalky spoke to changemakers across India’s climate and waste-tech ecosystem to understand how they’re tackling plastic pollution, innovating alternatives, and overcoming myths that stall progress. From ethical recycling systems to compostable packaging, their work proves that circular innovation is not just possible, but essential.
Turning Unrecyclable Waste into Construction-Grade Products
Swachha Eco Solutions in Bengaluru addresses the challenge of low-value plastic waste that typically ends up in landfills or is burned.
Victoria D’Souza, Co-founder, Swachha Eco Solutions, explained, “We convert multilayer and hard plastics into durable construction materials such as tiles and irrigation pipes.”
With 27 decentralised dry waste collection centres, Swachha blends technology with grassroots partnerships, enabling local recycling of plastics once deemed unrecyclable. Their approach not only reduces environmental burdens but also creates livelihoods. Victoria stresses the need for India to shift from a linear to a circular mindset and for stronger enforcement of producer responsibility. She highlighted the misconception that recycled plastics are inferior, emphasising the durability and climate benefits of local recycled products.
AI-Powered Recycling That Pays for Itself
Plannex Recycling in Gurugram uses AI-driven material recovery systems to segregate complex plastic waste efficiently.
Yuvraj Bhardwaj, CEO, Plannex Recycling said, “We upcycle low-value plastic into durable products like eco-pavers, allowing governments and institutions to meet sustainability targets without compromising performance or cost-effectiveness.”
Their innovation turns previously unviable plastic waste into commercially valuable infrastructure materials. Yuvraj points out the widespread misconception that alternatives are costly or less durable, underlining the importance of awareness around the full lifecycle costs of plastic pollution. He advocates for business-led circular economy incentives and stronger embedding of sustainability in commercial models.
♻️ Circular Economy for Packaging Waste
ReCircle builds ethical circular systems that empower brands to comply with extended producer responsibility and close the loop on packaging waste.
Rahul Nainani, CEO & Co-Founder, ReCircle, explained how their platform, ClimaOne, ensures full traceability of waste, turning it into a valuable resource. He emphasises the necessity of combining grassroots action with corporate accountability to create a circular economy culture in India. The company focuses on transparency and measurable impact, helping brands go beyond offsetting to achieve real sustainability outcomes.
🌱 Faith-Based Packaging: Cutting Plastic from Rituals
Plastic packaging in religious offerings often escapes scrutiny. Nidhi Sabbarwal, founder of Kalyanamm Holy Waste, is changing that.
“We’re replacing plastic in pooja packaging with 100% biodegradable and compostable alternatives,” she highlighted. “Our wrappers are made from craft paper and natural materials that support traditional values while protecting the environment.”
By combining cultural sensitivity with sustainable innovation, Sabbarwal is proving that tradition and environmentalism can go hand in hand.
📦 Sustainable Packaging at Scale for D2C Brands
The shift in consumer expectations has driven demand for eco-friendly packaging, and DCGpac is meeting it.
“The greatest hurdle is the myth that sustainability always means increased cost or reduced performance,” said Suresh Bansal, Founder & CEO, DCGpac. “We use AI-driven demand forecasting and design innovation to reduce packaging volume and carbon footprint, without compromising protection or branding.”
Today, over 30% of packaging orders on their platform include sustainability filters, a sign of how consumer pressure is reshaping supply chains.
♻️ Plastic Credits That Actually Work
EKI Energy Services focuses on scalable plastic credit projects that promote collection, recycling, and responsible disposal with full traceability and impact verification.
Manish Dabkara, Chairman and Managing Director, EKI Energy Services and President Carbon Markets Association of India, explained that their approach integrates plastic credits with carbon and sustainability goals, supporting both environmental restoration and social upliftment.
The company’s model empowers local waste workers and drives verified climate action. Dabkara highlighted the need for stronger collaboration among policy, industry, and communities to build a circular economy mindset in India. A key challenge they face is the misconception that plastic alternatives are costly or less effective, which they address through education, policy support, and real-world success stories.
Waste-to-Fuel Tech Is Getting Cleaner
Blue Planet Environmental Solutions addresses the challenge of non-recyclable plastic waste such as multi-layered wrappers, laminate tubes, PET bottles, and detergent sachets, which are often excluded from conventional recycling. Their proprietary Thermo-Catalytic Depolymerisation (TCD) technology converts contaminated and composite plastic waste into polyfuel and char. Polyfuel serves as an energy substitute in industrial operations, while char is used in road construction and tyre manufacturing.
Prashant Singh, CEO and Co-founder, Blue Planet Environmental Solutions, explained, “Our decentralised process handles a wide range of plastics without extensive pre-treatment, producing fuel substitutes and materials for immediate industrial use.”
He emphasised the need to embed circular infrastructure alongside policy, calling for accelerated implementation of EPR-linked processing hubs and stronger municipal-private partnerships in India. Singh noted that a common misconception is that waste-to-fuel technologies are unproven or risky; however, Blue Planet’s modular, decentralised plants demonstrate that these systems can be safe, scalable, and commercially viable.
Wellness with a Sustainable Heart
Traya integrates sustainability into personal care by focusing on refillable bottles and eco-conscious product design.
Saloni Anand, Co-Founder of Traya, said, “The most crucial change we need is not just infrastructural, but cultural. Moving beyond plastic in India requires rethinking convenience and affordability, two pillars that currently drive plastic consumption.”
She highlighted the misconception that plastic alternatives are impractical or too expensive, and noted, “There’s a growing, informed segment especially among younger consumers that actively seeks environmentally responsible choices.” Traya advocates collaboration across brands, material scientists, and policymakers to make sustainable options accessible and scalable.
🛣️ The Way Ahead
These founders work in different areas like AI, plastic credits, packaging, and recycling, but they all agree: plastic should be reused as a resource, not thrown away.
To make this happen, brands must invest in sustainable options, consumers need to choose eco-friendly products, and governments should encourage real recycling systems.
In a country where unexpected medical expenses can derail a family’s finances overnight, the concept of a ₹0 healthcare bill almost feels too good to be true. But across India, this is becoming a tangible reality, thanks to the rise of comprehensive, cashless health plans. A quiet revolution is underway and it’s redefining how Indians experience healthcare, not just in metro cities but across smaller towns and even remote pin codes.
Out-of-pocket expenses have long dominated healthcare spending in India, accounting for nearly 60% of the total burden. Even those with insurance often found themselves paying out of pocket for diagnostics, OPD consultations, or medicines usually not covered under limited plans. But cashless health plans are flipping that narrative today. They allow individuals to walk into a network provider or nearby labs to avail services and walk out without even opening their wallets.
The Tech-Powered Shift Enabling Cashless Healthcare
This shift is being driven by a new breed of healthtech platforms that offer end-to-end, cashless, and seamless healthcare experiences. By integrating multiple services, doctor consultations, lab tests, pharmacy benefits, fitness coaching, and even mental health support onto a single platform, they’re transforming outcomes.
Take,: for instance, a young professional who schedules an annual health check-up via an app, visits a partner diagnostic center nearby, consults with a doctor virtually, and gets prescribed medication delivered at home, all without paying a single rupee during the journey. This isn’t the future. It’s happening now.
So, how is this ₹0 bill experience made possible?
First, health platforms have reimagined the benefit structure. By shifting focus from just hospitalization benefits to outpatient services, preventive care, and wellness, they’re filling the long-standing gaps in traditional models. Second, technology plays a key role. AI-powered systems validate eligibility, authenticate claims in real time, and eliminate paperwork. Third, economies of scale, built on strong hospital and diagnostic partner networks, help reduce overall costs and pass benefits directly to the users.
What’s also compelling is the growing acceptance of these models across employers. Companies today are rethinking employee benefits. They’re opting for group health plans that include cashless OPD, mental wellness support, and habit coaching, all in one ecosystem. The result? Reduced absenteeism, higher productivity and a healthier workforce.
But beyond convenience and savings, cashless healthcare is changing something more fundamental:, our mindset about health. It is encouraging people to seek help early, go for regular screenings, manage chronic conditions better and invest in long-term well-being. When cost is no longer a barrier, prevention becomes a priority and when you make preventive healthcare cashless, the chances of people actually availing those services go up significantly. This shift is fuelling a preventive healthcare revolution, because if your health plan covers it, you’re far more likely to opt for it.
Moreover, this approach is particularly beneficial for people managing lifestyle conditions like diabetes, hypertension, and obesity, ailments that require consistent monitoring and proactive care. Through a digital-first platform, users can access regular check-ups, receive coaching for nutrition and fitness, and engage in teleconsultations, making chronic condition management not just possible, but sustainable. It removes the friction of travel, high specialist fees, and long appointment wait times, offering real-time access to the support people need.
Another silent yet significant benefit lies in the emotional well-being space. Cashless health platforms today integrate mental health services, counseling sessions, therapy and emotional wellness check-ins as part of the standard offering. This not only normalizes seeking help but also removes the stigma around mental health by making it more affordable.
Redefining Access and Equity in Indian Healthcare
For rural and semi-urban India, where healthcare infrastructure can be sparse and specialist doctors are not always within reach, these platforms are acting as critical bridges. A farmer’s family in Nashik, a schoolteacher in Guntur, or a gig worker in Guwahati can now access the same quality of healthcare services as someone in Mumbai or Delhi without financial strain or logistical hurdles. The healthcare experience becomes democratised, and that in itself is transformational.
From a broader perspective, this model also benefits the healthcare ecosystem. Fewer hospital admissions, shorter recovery periods and improved health outcomes translate to reduced costs and better resource allocation across the system.
And then there’s the digital backbone of it all. Healthtech platforms aren’t just service providers, they’re becoming intelligent health companions. With real-time data, predictive analytics, and personalised dashboards, users gain insights into their health trends. Whether it’s nudging someone to complete a pending check-up or recommending a follow-up consultation based on lab results, the platform is continuously guiding people towards better choices.
Looking Ahead: A New Standard for Indian Healthcare
As India moves forward on its digital health mission, cashless healthcare could be one of its most powerful tools. It’s not just about eliminating the bill,it’s about rewriting the story of healthcare in India. One where people don’t have to choose between quality treatment and affordability. One where care doesn’t dent your bank account.
And perhaps, one where a ₹0 bill no longer surprises us but becomes the standard.
The board has given Capillary Technologies permission to raise INR 2,250 Cr, or about $263 million, through an initial public offering (IPO).
In accordance with regulatory filings, the Warburg Pincus-backed business intends to raise INR 500 Cr through the issuing of new shares and will also have an offer for sale (OFS) component of INR 1,750 Cr, wherein some of its owners may dilute their shareholding.
The plan to generate the aforementioned amounts through an initial public offering (IPO) was accepted by Capillary Technologies’ board on May 23. The choice must be approved by the company’s shareholders, though.
In January, a media outlet revealed that Capillary Technologies intended to submit its draft red herring prospectus (DRHP) to SEBI, the market watchdog, by June in order to raise $200 million through an initial public offering (IPO).
The Bengaluru-based company was aiming for a listing valuation of $500 million to $1 billion at the time, according to sources. It was not possible to determine the precise date of its mainboard listing.
According to the company’s most recent regulatory statement, it might also think about raising more money in a pre-IPO deal.
Second Attempt to go Public
Capillary has already tried to list in India. The SaaS business first submitted a DRHP for an INR 850 Cr IPO in 2021, but it later abandoned the plans as the markets became unstable.
Although the company has not yet released its FY25 financial results, according to records obtained from Tofler, its operating revenue increased by 80% year over year to INR 600 Cr in FY24, while its net loss decreased by 33% year over year to INR 59 Cr.
At a time when over 20 cutting-edge digital businesses are getting ready to go public in 2025 due to high investor demand, Capillary has brought back its IPO ambitions. Shiprocket, PhysicsWallah, Groww, and boAt are among them; throughout the last few months, they have all submitted confidential IPO documents to SEBI.
In the upcoming six months, it is anticipated that companies such as Urban Company, BlueStone, Avanse Financial Services, Smartworks, IndiQube, and ArisInfra would also go public. In addition, companies like OfBusiness, Pine Labs, Razorpay, PhonePe, and Lenskart are stepping up their preparations for possible initial public offerings.
Capillary Technologies Operations and Clientele
Capillary Technologies, which was founded in 2008 by Aneesh Reddy, Ajay Modani, and Krishna Mehra, offers software for client engagement and loyalty. Among its customers are Domino’s, Indigo, Tata Group, and Aditya Birla Group.
Reddy is still the company’s top boss, even though Modani and Mehra have already left. Capillary asserts that it is present in foreign markets like the US, MENA, and Southeast Asia in addition to India. It closed its Series D financing at $140 million last year.
About $95 million of its funding was made up of secondary deals, which allowed new investors to join the cap table while also providing partial exits to current investors and former workers.
Among the well-known firms supporting Capillary are Qualcomm Ventures, American Express Ventures, Norwest Venture Partners, Avataar Ventures, Filter Capital, InnoVen Capital, and Peak XV Partners.
In light of the continued Trump tariffs that are threatening the German auto sector, international automaker Volkswagen has announced plans to reduce its workforce by 35,000 employees by 2030 as part of its cost-cutting programme, according to a media report.
Citing a works council meeting at Volkswagen’s Wolfsburg headquarters, a news portal reported that over 20,000 employees at the heart of the Volkswagen brand had decided to take voluntary retirement and terminate their contracts early.
It is anticipated that the majority of the job cutbacks would occur at the automaker’s German operations, and the business hopes to implement the reductions in a way that is “acceptable” to those impacted.
Volkswagen’s Offerings to Exiting Employees
Depending on their duration of service, the German manufacturer intends to provide severance payments to each employee impacted by the cost-cutting strategy.
According to a report, which cited the company’s personnel meeting on June 5, the company is expected to pay up to $400,000, but it did not disclose the exact amount of severance payments.
In addition to laying off employees, the corporation plans to limit the number of apprenticeships it offers each year from 1,400 to 600 beginning in 2026.
According to the news article, the German manufacturer would probably save around 1.5 billion euros annually in labour costs as a result of these cost reductions and the widespread layoffs.
Nearly 130,000, or 13 lakh, workers in Volkswagen’s core team are agreeing to a remuneration freeze in addition to their voluntary resignation. The corporation wants to increase salaries by 5%, which will be paid into a fund in two stages.
This money will be needed to finance flexible work schedules, among other things. The news broadcast also explained how these actions kept the German Volkswagen factory from closing.
Trump Tariff Woes Haunting the German Automaker
Following a report of a decline in the business climate index against the backdrop of the Trump tariffs from the United States, an international news agency previously reported that the German automotive sector further weakened in May 2025.
The European market’s low demand and fierce competition from international brands are already problems for the manufacturers. As a result, Volkswagen, BMW, and Mercedes-Benz began negotiating a settlement with the US government to lessen the effects of tariffs.
According to a media report, the business climate index fell to -31.8 points from -30.7 points in April, while company expectations for May 2025 fell to -28.3 from -25.2 points in April.
Kia, another South Korean automaker, has decreased its ownership in the EV company, while Hyundai Motor has sold off all of its shares in Ola Electric. According to a news agency, the total share sale brought in about INR 6.89 billion ($80 million).
Hyundai, which had previously owned 2.47% of the company, sold its shares at INR 50.70 a share, according to exchange records made public on June 5.
At INR 50.55 per share, Kia sold off 0.6% of its ownership. Kia initially owned less than 1% of the company, and as exchange data does not show stakes below 1%, its present ownership is unknown. Ola Electric’s share price dropped 8% on 5 June as a result of the disposals.
The stock fell as a result of both sales being priced at a discount of almost 6% to the closing price on 4 June. With intentions to work together on the development of electric vehicles and charging infrastructure with Bhavish Aggarwal’s business, Hyundai and Kia had already invested $300 million in Ola Electric in 2019.
Ola Navigating Through Troubled Waters
For Ola Electric, the divestment occurs during a challenging period. The business has been battling declining sales, increased competition from well-known two-wheeler producers, and regulatory scrutiny.
Since August 2024, when it went public, its stock has fallen 46%. Ola Electric has predicted a drop in revenue for the first quarter of the new fiscal year and revealed a larger fourth-quarter deficit.
In order to combat competition, the company has been offering high discounts, which has put additional strain on its earnings.
In addition, Ola has come under further scrutiny for the way it counts car reservations and has been the target of searches and car seizures by local transport authorities for noncompliance with regulations. On the NSE, Ola Electric Mobility’s shares fell 7.58% to settle at INR 49.61 per share.
Ola’s Recent Financial Dynamics
Ola Electric stated this week that it is aiming for profitability in the current fiscal year, despite reporting a consolidated net loss of INR 870 crore for the fourth quarter that ended on March 31, 2025.
In the January–March quarter of the fiscal year 2023–24, the corporation reported a net loss of INR 416 crore. According to the corporation, operating revenue decreased to INR 611 crore from INR 1,598 crore during the same time last year.
The company’s net loss for FY25 was INR 2,276 crore, compared to INR 1,584 crore for the fiscal year 2023–2024. It further stated that its operating revenue decreased to INR 4,514 crore from INR 5,010 crore in FY24.
