AI spooks IT valuations; Groww promoters cut stakeAI has pushed valuations of India’s top IT firms to 2008-09 levels. This and more in today’s ETtech Top 5.
Trading platform Trackk raises $3.7 million led by Lightspeed VenturesTrackk, a stock trading platform for Gen Z investors, has secured $3.7 million in a funding round. Lightspeed Ventures led the investment. ...
Unacademy’s test prep CEO Sumit Jain quits ahead of upGrad acquisitionSumit Jain has stepped down from his role in Unacademy, ahead of a potential merger with upGrad Education. Jain, who joined Unacademy in 20...
Reforms will continue; industry needs to spend more on R&D, shed protectionist instinct: NITI MemberNITI Aayog Member Rajiv Gauba urged Indian industry to boost R&D investment and shed protectionism to become a global production hub. He em...
PoS terminal supply squeeze; Skyroot CEO on unicorn flightHappy Friday! The point-of-sale (PoS) supply has dried up in India as the West Asia conflict squeezes imports. This and more in today's ETt...
UpGrad, Unacademy file application with CCI for mergerEdtech firms UpGrad and Unacademy have filed for antitrust clearance with the CCI for their proposed merger. UpGrad will acquire Unacademy ...
UpGrad to acquire Unacademy for Rs 2,055 crore, 90% below peak valuationAfter on-again, off-again talks, Ronnie Screwvala-run edtech firm UpGrad is acquiring UpGrad in a cut price deal. UpGrad is also raising an...
Canadian university inks three MoUs during India outreach; delegation meets Delhi education ministerCape Breton University (CBU) has signed three MoUs with Indian academic institutions during a multi-city outreach to foster higher educatio...
UpGrad-Unacademy deal closes; India’s largest private satellite lifts offHappy Monday! Upgrad is set to acquire Unacademy at a 90% markdown of its peak valuation. This and more in today's ETtech Morning Dispatch.
D2C brands tweak packaging as West Asia conflict pushes up costsInput cost hikes, fueled by the West Asia conflict, are forcing direct-to-consumer brands to adapt. Companies are shifting packaging, intro...
Quick commerce firms face heat as riders stay off peak hoursQuick commerce firms are facing a shortage of delivery partners due to intense heatwaves. Companies are offering extra pay to keep riders w...
Midnight clash at Bengal's Jagatdal police station leaves several injured ahead of poll campaign endViolence erupted near Jagatdal Police Station on Sunday night. Supporters of Trinamool Congress and BJP clashed, resulting in injuries to s...
Energy security should drive adoption of renewables now: Hero Future Energies chief Rahul MunjalRahul Munjal of Hero Future Energies said India must shift its renewable energy narrative from climate goals to energy security amid oil su...
West Asia war: Punjab industry hit by labour shortage, rising costsThe ongoing turmoil in West Asia is sending ripples through Punjab's industrial landscape. Manufacturers of textiles, bicycles, and automot...
Haryana hikes wages after unrest; auto sector faces cost pressureHaryana has increased minimum wages by 35 percent for unskilled workers. This decision follows factory protests and work boycotts by labour...
Dhan in talks to acquire Elevation Capital-backed Infinyte Club in cash and equity dealFounded in 2023 by Ankita Tandon and Joylita Saldanha, Infinyte Club offers wealth management tools targeted at startup employees and opera...
Upgrad, Unacademy betting on AI to disrupt edtechGaurav Munjal, who will stay on as the cofounder and CEO of Unacademy, said the startup redefined the edtech playbook when it entered the m...