Economic Times
Freshworks president Dennis Woodside appointed as new CEO. Mathrubootham to be redesignated as executive chairman. Recently his performance-based stoc
Happy Thursday! SaaS startup Innovaccer is in discussions to raise funding at a flat valuation of $3 billion. This and more in today’s ETtech Mornin
MP2 Innovations, led by Mahesh Herle, enhances ONDC by providing a seamless logistics solution for ecommerce players, aiming to address operational ch
TVS Electronics ventures into EMS segment for defence and railways with SMT line in Karnataka. It collaborates with global partners, integrating robot
IT firms in southern India prioritize employee wellbeing during the scorching summer. Companies implement measures like webinars, flexible work hours,
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
