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MEESHO EXECUTIVE RESIGNATION
Razorpay eyes IPO; Sarvam's $1.5 billion leapHappy Monday! Razorpay is planning an IPO at a lower valuation than its $7.5 billion peak. This and more in today's ETtech Morning Dispatch.- Govt cracks down on Grok; India’s legal gap on deepfakesHappy Thursday! The government has sought more details from X regarding obscene content generated on Grok. This and more in today’s ETtech ...
- Meesho senior executive Megha Agarwal resignsMegha Agarwal, general manager-business, Meesho has quit the ecommerce marketplace, according to a stock exchange filing. Agarwal, who repo...
- xAI's $20 billion fundraise; General Catalyst CEO on AIElon Musk's xAI has raised $20 billion in its latest fundraise, taking its valuation to $230 billion. This and more in today's ETtech Top 5.
- Amazon India head Manish Tiwary resigns as competition heats upWhile no immediate replacement is planned, the leadership team will work closely with Amit Agarwal, SVP, EMs. Tiwari's resignation comes at...
- Prosus CEO Fabricio Bloisi landing in August to take stock of businessFabricio Bloisi, who was appointed CEO of Prosus in May, will be in New Delhi and Bengaluru meeting some of the top portfolio firms like Sw...
- CXO-level shifts rearrange top deck at Indian startupsThe world of startups witnessed a series of top-level movements in the first half of 2024, including Naveen Tahilyani taking the helm as CE...
- Delhivery shares crash 12% on higher-than-expected Q4 loss. Should you buy, sell or hold?Delhivery Share Price: Delhivery shares plummeted 12% to Rs 383.90 as higher losses in Q4 disappointed investors. CLSA downgraded the stock...
- Delhivery slides back to losses; Prosus names new CEOLogistics startup Delhivery fell back into the red for the March quarter but managed to narrow its losses on a year-on-year basis. This and...
- Swiggy, Meesho investor Prosus and parent Naspers name Fabricio Bloisi as CEOFabricio Bloisi appointed chief executive of Prosus and Naspers, succeeding Bob van Dijk. Bloisi, current CEO of iFood, a food delivery bus...
- Prosus elevates Ashutosh Sharma to lead India, Southeast Asia marketAshutosh Sharma appointed by Prosus to lead investments in India and Southeast Asia. He will report to interim CEO Ervin Tu and focus on ne...
- More startups want to ‘flip’ back to India; SoftBank’s returns from listed firmsStartups are moving their overseas holding entities to India ahead of their forthcoming public listings, especially in the fintech sector w...
- Baron Capital marks up Swiggy, Pine Labs valuation; almost halves Byju’s valueIn its April-June quarterly report, Baron Capital cut the valuation of Byju’s to $11.7 billion as of June 30, down 44.6% from $21.2 billion...
- Byju’s, Davidson Kempner begin talks to settle dispute; behind Antfin’s Paytm share transfer to Vijay Shekhar SharmaBeleaguered edtech firm Byju's and New York-based investor Davidson Kempner Capital have initiated talks to resolve their disagreement conc...
- ETtech Scoop: Reliance enters zero-commission fashion marketplace; mid-to-senior hirings in startups plummetReliance Industries’ online fashion platform Ajio will launch Ajio Street — a zero-commission fashion marketplace aimed at value products f...
- BharatPe CFO Nalin Negi to become interim CEO; Satya Nadella all praise for India’s digital infrastructureBharatPe CEO Suhail Sameer, who had a fallout with ousted cofounder Ashneer Grover last year, is set to step down from his post this week. ...
- WhatsApp, Grammarly, and other Ukrainian startup gemsWhatsapp was cofounded in 2009 by Jan Koum, a Ukrainian emigrant to the US. Koum was born in 1976 in Fastiv, the city where Russia began it...
- Meesho’s branded makeover; Zomato to test 10-min food delivery soonAccording to sources familiar with the company, about 80% of Meesho’s users and 65% of transacting users are customers of its direct sellin...
- Sikaria to steer merged growth dept at FlipkartWith this Sikaria, a senior vice-president at Flipkart, has been given additional responsibilities which entails leading key segments like ...
- Pay cuts, layoffs: Startup morale under lockdownOver the past 4 weeks, at least two dozen top companies have fired employees and contract staff.
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