Economic Times
Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
Zomato's decision to raise additional funds via QIP, despite holding $1.5 billion in cash, has sparked intrigue in the quick commerce sector, with som
This week startups, across seed, early and late-stage rounds, raised funds through 28 deals, compared to 33 deals in the year-ago period.
Food and grocery delivery major Zomato saw its shares tumbling over 5% following its plans to raise funds through a QIP. This and more in today’s ET
With plans to grow its distribution network and launch new products, including 100% fruit juices, the startup aims to triple its current annual revenu
The Mumbai-based VC firm had initially invested Rs 9.7 crore in M2P Fintech through its debut fund. That investment grew to Rs 115.9 crore, delivering
This comes after RBI’s action against NBFC and microfinance firms like Navi and DMI Finance being banned from sanctioning loans. The funding round w
“We are extremely grateful to the Venkatramanan family for their generous contribution, which will foster cutting-edge medical research at the Insti
The delay in equipment deliveries is a fresh setback to the Taylor project, which is at the heart of Samsung chairman Jay Y. Lee's ambition to expand
The withdrawal of the plea from the NCLT's Delhi bench came after Grover reached a settlement with the company on September 30, 2024. Besides, on Octo
Pony AI, in which Japan's Toyota owns a 13.4% stake, revealed that its revenue nearly doubled to $24.7 million in the first half of 2024. Net loss att
In January, a hacker posted false news on the SEC's @SECGov X social media account announcing the agency had approved bitcoin exchange-traded funds, c
Raghavan used to oversee ads and several other critical business areas for the world’s largest online search company. Raghavan’s new role will foc
World Network, which is facing scrutiny over its data collection, introduced a new version of its orb iris-scanning device at an event in San Francisc
Over the next few months, Microsoft wouldn't budge as OpenAI, which expects to lose $5 billion this year, continued to ask for more money and more com
The announcement comes after Meta unveiled Movie Gen, which it said can create realistic-seeming video and audio clips in response to user prompts, ea
The forecast from the leading producer of advanced AI chips reinforced investor confidence in the outlook for chipmakers whose market values have skyr
The group, which did a similar investigation two years ago, did find that the companies - especially Facebook - have improved their content-moderation
Gemini is Google's most advanced AI technology, developed by DeepMind. The Gemini app is the direct consumer interface to the latest Gemini models. Th
IT-BT and RDPR minister Priyank Kharge said, “I intend to make Karnataka a water-secure state in the country. If I can solve this using deep tech in
