Fabzen Technologies

Restructuring · Asia

Dream Sports is shutting down Dream Money (fintech/wealth management platform) effective July 30, 2026, less than a year after launch in August 2025. This follows the shutdown of Dream Play (AI sports analytics app) in June 2026. The company is consolidating its diversification strategy after being forced to shutter its core Dream11 fantasy sports offering due to government gaming ban.

Restructuring · Asia

Fairprice is exiting its convenience store operations; Cold Storage brand will take over operation of these stores from July 1, 2026.

Restructuring · Asia

Samsung Biologics unionized workers voted to leave the Samsung Group United Union and form an independent labor union, following months of work-to-rule campaigns and strikes over pay and working conditions.

Restructuring · Asia

JiviAI, an AI healthcare startup founded by former BharatPe CPO Ankur Jain, has shut down operations less than two years after launch. Shutdown driven by unsustainable infrastructure costs for proprietary AI models, failed investor commitments, and collapsed acquisition discussions.

Restructuring · Asia

Pocket FM is shutting down its microdrama vertical (Pocket TV) to refocus on core audio drama content and international market expansion. This strategic pivot prioritizes profitability and precedes a planned public listing, reversing course from short-video format despite its popularity in India.

Restructuring · Asia

Godiva Japan is negotiating with its banking syndicate to extend the repayment deadline on a $464 million leveraged buyout loan, indicating financial stress and operational challenges in the Japanese market.