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FRESHWORKS NEW CFO
Skyroot, a newborn unicorn; AI pay gap growsSkyroot Aerospace became India’s first spacetech unicorn after its latest funding round. This and more in today’s ETtech Top 5.- Startup Mafia 3.0: Razorpay, Cred, Meesho help spawn 200+ foundersIndia’s new-generation startups are creating a fresh wave of founders, with executives from 111 firms launching over 200 new companies. Raz...
- Google Pay’s credit boost; Spiritual apps chant ‘AI’Happy Tuesday! Google Pay is working to launch a co-branded credit card. This and more in today's ETtech Morning Dispatch.
- Top tech and startup stories this weekWelcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
- Freshworks to lay off 660 employees amid global restructuringThe California-based company said it will lay off 13% of its workforce, or 660 employees, globally in a bid to streamline operations. It ex...
- Paytm Money KYC process under review; Satya Nadella on India’s AI potentialThe customer verification process of Paytm Money, the wealth management entity run by Paytm’s parent One 97 Communications, is being audite...
- Juspay, others secure payment aggregator nod; Paytm shares reboundZoho is the first enterprise Saas player to get the payment aggregator nod from the RBI, joining the likes of Razorpay, Cashfree, Zomato an...
- Founder Vijay Shekhar Sharma’s stake in Paytm touches 20%; Data Bill passed in Lok SabhaIn a move that Vijay Shekhar Sharma no doubt hopes will please regulators and convince them to greenlight the Paytm founder’s business plan...
- The charges against Sam Bankman-FriedAs of this week, SBF is no longer a free man, having been arrested in the Bahamas on Monday. What’s more, it turns out US prosecutors – unl...
- Old VC funds under Sebi scanner; Slice secures PPI licence from RBIIndustry insiders feel Sebi may pull up funds that have breached the end date or taken repeated extensions, probably to fish for better dea...
- New data bill draft almost ready, says minister; tech firms’ 5G wait grows longerThe government on Wednesday withdrew the data protection bill, which had been under consideration for several years. Vaishnaw said the gove...
- D2C brands make hay; Razorpay eyes $6 billion valuationD2C brands have been on fire since the pandemic forced shops and malls around the world to shut down early last year.
- Paytm IPO ‘very high-risk’; How tech IPOs are differentPaytm’s IPO may be the biggest India has ever seen but it might not be the most bankable. Investing in the Rs 18,300 crore offering could b...
- Tech firms face record attrition; Delhivery files for IPOWith tech jobs seeing unprecedented demand owing to the pandemic and record fundraising by startups, attrition rates are at their highest i...
- ETFs send Bitcoin on a wild rideThe launch of two Bitcoin ETFs — ProShares ETF and Valkyrie Bitcoin Strategy ETF — has caused Bitcoin price to fluctuate wildly, even by it...
- IT firms brace for travel costs; Zomato & Fabindia under fireThe savings that India's software services firms have enjoyed due to Covid-induced travel restrictions may be coming to an end.
- Once-in-a-century Covid crisis is unleashing a new wave of mergers and acquisitionsWhile deals are fewer at an aggregate level since the beginning of the pandemic, deal activity is in sharp contrast with the contraction in...
- Freshworks appoints Tyler Sloat as CFO as the company surpasses $200 million in annual recurring revenueThe executive appointment comes on the heels of the company surpassing $200 million in annual recurring revenue, doubling in the past 18 mo...
- Turms raises Rs 6 cr to fund expansion, hiringThe company, which uses its patented nanotechnology during the production, said it plans to expand its product categories, hire tech talent...
- Striking gold: A look at India's growing club of UnicornsFrom 2011 to 2017, India had 10 Unicorns, the nomenclature given to private technology companies valued over $1 billion.
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