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ASHNEER GROVER THIRD UNICORN
Sarvam’s unicorn raise; Big exits in new IPOsHappy Tuesday! Sarvam has vaulted into the unicorn club after a fresh funding round. This and more in today’s ETtech Morning Dispatch.- RBI puts curbs on banks' sale of third-party productsThe Reserve Bank of India has prohibited third-party incentives to employees of regulated entities, while allowing banks and NBFCs to rewar...
- RBI releases final guidelines on marketing, sales incentives of financial productsRBI has prohibited third-party incentives to employees of regulated entities for selling financial products, while allowing banks and NBFCs...
- If you import people from third world countries...: Trump gives take on immigrationPresident Trump renewed his criticism of immigration, stating that large-scale migration from developing countries could undermine the US. ...
- Sarvam joins unicorn club; Razorpay lines up IPOFresh funding has propelled Sarvam AI into the unicorn club. This and more in today’s ETtech Top 5.
- Razorpay confidentially files IPO papers with SebiFintech firm Razorpay is preparing for its stock market debut. The company has confidentially filed for an initial public offering. Razorpa...
- Razorpay begins IPO process; files confidential DRHP to raise Rs 5,000-6,000 croreFintech major Razorpay has officially commenced its IPO journey by filing its draft red herring prospectus with SEBI, aiming to raise Rs 5,...
- Instant househelp startups burn $14-15 million in May as discounts heat upInstant home services platforms like Urban Company, Snabbit, and Pronto are aggressively spending millions on discounts again to capture ma...
- Grand Prix: Russell on pole in Barcelona with Hamilton secondGeorge Russell has claimed pole position for Mercedes at the Barcelona-Catalunya Grand Prix. His teammate Lewis Hamilton will start alongsi...
- Bharat innovates, ready for take-offIndia's deep-tech startups are showcasing their advanced capabilities in France. This event highlights India's growing strength in space, A...
- VC contract terms get tougher on founder shares after governance lapsesVenture capital firms are tightening founder contracts, with nearly 76% of Indian startups now allowing the forfeiture of vested shares for...
- US attacks third merchant vessel with Indian crew; MEA says strong protest registeredUS forces attacked three merchant ships carrying Indian sailors off Oman this week. Vessels reportedly switched off identification systems ...
- Third TMC Rajya Sabha MP quits in four days as post-poll turmoil deepensTrinamool Congress Rajya Sabha MP Prakash Chik Baraik has resigned from the Upper House and the party. He joins two other MPs who resigned ...
- US military confirms attack on third Indian-crewed tanker off Gulf of OmanUS forces disabled a third oil tanker in the Gulf of Oman. The ship was attempting to transport oil from Iran. US aircraft fired missiles i...
- Google Cloud outage in India after third-party data centre fire triggers shutdownThe cloud-computing unit said the fire led to an emergency power shutdown at the facility, isolating a local point of presence in Delhi a...
- Who is William Ishmael? Meet Singapore-based businessman reportedly set to marry actress Jennifer Winget. Check their education and careerPopular television actress Jennifer Winget is reportedly set to marry Singapore-based businessman William Ishmael, with sources claiming th...
- 'Direct contradiction of CBSE governing body's own decision': Jairam Ramesh raises concerns over introducing third language in schoolsCongress leader Jairam Ramesh has urged the government to withdraw a new notification. This notification makes a third language compulsory ...
- Anand Mahindra borrows a classic American phrase, 'you ain’t seen nothing yet,' as he predicts a massive startup boom in IndiaAnand Mahindra believes India’s startup journey is only just beginning and could soon surprise the world. While acknowledging the significa...
- Indian immigrants founded more US unicorns than any other nationality: ReportIndian-born entrepreneurs lead in founding US billion-dollar startups. They have established 96 unicorns. Immigrants overall founded 59% of...
- 59% of US unicorns were founded by immigrants. Anand Mahindra says India will surprise the world next: 'You ain't seen nothing yet'Immigrants are powering a significant portion of America's billion-dollar startups, with 59% founded by immigrants and 66% by immigrants or...
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