Economic Times
Kaiser Permanente to invest $200-250 million in Innovaccer, with valuations dropping to 10-15x. Mubadala joins the new round. Innovaccer digitizes pat
Former BharatPe COO Dhruv Dhanraj Bahl launches venture capital fund, Eternal Capital. The fund plans to raise Rs 120 cr with a greenshoe option for a
Micron India's Sanand unit focuses on exporting chips. Anand Ramamoorthy highlights global demand, partnerships, and multiple sector usage. Emphasis o
Bengaluru's Dexif raises $4M from RTP Global, dealing in fixed income securities. Founded by Bhandari, Sharma, and Bajaj. Aims to enhance tech, attrac
Electric two-wheeler sales plummeted 50% in April due to a seasonal slump worsened by subsidy changes. Ola Electric dominated with 33,000 scooter sale
Ecom Express's FY23 revenue rose 20% to Rs 2,548 crore, but with a widened loss at Rs 375 crore due to increased total expenses. Courier services reve
Indian IT firms are seeing rapid growth in new geographies amid a slowdown in their established North American market. More on this in today’s ETtec
Canarys Automation Limited expands globally by acquiring a North American software services company, enhancing its digital innovation and service deli
Digantara, in collaboration with various partners, is part of the Maitri mission to manage space debris. The company aims to enhance space traffic man
Stride Ventures closed a $165 million third fund, supported by various entities. The fund focuses on consumer and financial services sectors, with Apo
US news publishers sue Microsoft and OpenAI for copyright infringement in training AI models. OpenAI responds by emphasizing support for news organiza
FirstCry's CEO, Supam Maheshwari, saw a 49% pay reduction to Rs 8.61 crore in FY24. Cofounder Sanket Hattimattur's pay also decreased. Maheshwari sold
Americans see China influencing U.S. via TikTok. ByteDance faces divestment. Biden signs law, citing First Amendment. U.S. candidates' TikTok use crit
Cyberattacks exploiting vulnerabilities tripled in 2023, driven by MOVEit. Extortion rose while stolen credentials fell. Financially motivated inciden
Enforcement Directorate seized Rs 90 crore from cryptocurrency wallets in a money laundering probe connected to the 'E-Nugget' online gaming scam, inv
FirstCry has refiled its draft IPO papers with market regulator Sebi with updated financials. More on this in today’s ETtech Top 5.
Designit, a Wipro company that specialises in user experience strategy and implementation, will conduct user research to ensure personalised assistanc
The $175 million funding was led by existing investor Sequoia Capital and new investor Coatue. It doubles the $1.5 billion valuation the company attai
vHub.ai secured undisclosed funding to enhance AI technologies for influencer discovery, brand-influencer connections, audience understanding, and exp
Uber ceases operations in Pakistani, directing users to switch to Careem. Uber had already ceased operations in Karachi, Multan, Faisalabad, Peshawar
