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23andMe Files for Bankruptcy as CEO Exits

Mint New Delhi

|

March 25, 2025

The genetic testing company faced uncertainty, struggling to find a profitable model since going public in 2021

A San Francisco-based genetic testing company, 23andMe, has filed for Chapter 11 bankruptcy protection as its co-founder and CEO resigned. The firm continues its push to cut costs.

The firm announced on Sunday that it will look to sell "substantially all its assets" through a court-approved reorganization plan.

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Mint New Delhi

Mint New Delhi

WHY INDIA IS SEEKING A NEW SUNRISE IN JAPAN

India missed out on Japanese investment in its initial post-reform years. That could change now

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Art, play and a side of burgers

A Mint guide to what's happening in and around your city

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FPIs pull record ₹2 tn on valuations, weak rupee

Heavy outflows could cap market gains; Nifty returns just 0.3% in dollar terms

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Silicon screen: Movie guns bet on AI content

With increasing focus on and need for production of AI-generated content to scale pipelines and speak to younger audiences, many film industry veterans are exploring partnerships with companies specialising in AI or launching their own ventures.

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1 mins

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Mint New Delhi

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Temasek joins race to snap up stake in Romsons Group

Minority stake set to value the medical device manufacturer at about ₹1,500 crore

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2 mins

October 03, 2025

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Govt scans e-commerce cos’ COD charges, refund delays

The government will examine if cash-on-delivery charges imposed by online retailers are aimed at nudging consumers to pay upfront, and why refunds are delayed or blocked if prepaid orders are cancelled, said two people aware of the matter.

time to read

1 min

October 03, 2025

Mint New Delhi

Mint New Delhi

After IT firms, US lawmakers put H-1B screws on academia

visas are snapped up by tech companies. According to data from US Citizenship and Immigration Services, seven of the 10 largest users of H-1B visas are tech firms, including Tata Consultancy Services Ltd and Cognizant Technology Solutions Corp.

time to read

1 mins

October 03, 2025

Mint New Delhi

Hotel boom tale of two halves: luxury rises, budget struggles

India's hotel industry is booming—but not evenly.

time to read

2 mins

October 03, 2025

Mint New Delhi

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Hexaware faces $500 million patent lawsuit

relating to Hexaware’s application modernization services,” read Natsoft’s complaint.

time to read

3 mins

October 03, 2025

Mint New Delhi

Kia plans compact SUV in 18 months

Kia Corp. is planning to launch a hybrid compact sport utility vehicle (SUV) in India within the next 18 months, aligning with a new emissions policy that encourages transitional technologies and entering a segment bypassed by its Japanese rivals.

time to read

1 min

October 03, 2025

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