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The great AI cleanse: ‘Thin-wrapper’ start-ups facing an existential crisisAs underlying platform capabilities accelerate and pricing collapses, most Indian AI start-ups lack defensible foundations. Here’s how to s...- Subscription-based grocery provider Otipy shuts shop; impacts 300 employeesOtipyhas ceased operations, impacting 300 employees and gig workers amid withheld salaries and delayed payments. This comes amid a slump in...
- Edtech startup Bluelearn shuts shop, to return 70% of capital to investorsBluelearn, a well-funded upskilling platform, has announced its shutdown and plans to return 70% of raised capital to investors. It is late...
- 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.
- Wingify’s secret sauce; IndiaAI GPUs red flagsHappy Tuesday! How Wingify founder Paras Chopra charted his own entrepreneurial path from bootstrapping his company to its sale. This and m...
- Behind the unconventional success of Wingify founder Paras ChopraIn January, private equity firm Everstone Capital, based in Singapore and Mumbai, acquired Wingify. Wingify is best known for its flagship ...
- Tata’s big Pegatron deal; Everstone acquires WingifyTata acquires a controlling stake in Pegatron Technology India. This and more in today’s ETtech Top 5.
- Everstone Capital acquires majority stake in bootstrapped SaaS firm Wingify for $200 millionFounded by Paras Chopra, Delhi-based Wingify is majorly an export-oriented firm, selling most of its software solutions to customers in dev...
- Nithin Kamath-backed edtech Stoa School shuts downFounded in October 2020 by Aditya Kulkarni and Raj Kunkolienkar, the Bengaluru-based company offered a six-month MBA programme, competing w...
- Purplle’s extended fundraise; VCs increased scrutinyVenture capitalists are taking a hard look at early-stage startups before signing off on follow-on funding. This and more in today’s ETtech...
- VCs apply PMF filter on early-stage startups seeking follow-on fundingIndia's early-stage startups are facing funding scrutiny as risk-averse investors tighten their purse strings. As per a study, only 25% of ...
- Tiger Global-backed Toplyne shuts down, returns investor capitalThe sales software provider for product-led companies is the latest addition to a growing list of startups to shut operations. The company ...
- Spiritual tech startup My Tirth India shuts shop due to fund crunchFounder and CEO Indraneel Dasgupta said the startup is grappling with a fund shortage after the demise of Subrata Roy, the principal shareh...
- Peak XV Partners-backed AI startup Nintee shuts shop; to return capital to investorsAI startup Nintee, led by Paras Chopra, closed after struggling to compete with bigger platforms. Funding to be returned. Employees offered...
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