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Hari Menon exits BigBasket; Sarvam cofounder on fresh fundingBigBasket's longtime leader Hari Menon has stepped down as CEO. This and more in today's ETtech Top 5.
Sarvam raises $234 million led by HCLTech at $1.5 billion valuationIndia's Sarvam AI has secured $234 million in a funding round led by HCLTech, valuing the homegrown AI startup at $1.5 billion. This invest...
Customers will feast as Zepto to pour fuel into quick commerce fireZepto’s proposed Rs 9,500 cr ($1 billion) IPO could significantly intensify competition in India’s already crowded quick commerce market. T...
Bigbasket elevates Seshu Tirumala as COO as it sharpens quick commerce pushTirumala joined BigBasket in 2014 and was most recently its chief buying and merchandising officer. He has also overseen sourcing, category...
Tata board talks: Chairman Chandra gives the floor to Tata chiefs; calm prevailsTata Sons board meeting saw constructive discussions. Chairman N Chandrasekaran presented business reviews. Noel Tata focused on Air India ...
Quick commerce becomes FMCG's biggest online sales channel in IndiaLatest data from companies including ITC Ltd, AWL Agri Business, Tata Consumer Products and Parle Products showed quick commerce accounted ...
India seeks Mythos access; Eternal's strong Q4Happy Wednesday! India is in talks with Anthropic and the US government to give homegrown companies access to Mythos. This and more in toda...
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...
Inside AI-led digital storefronts; Lalit Keshre’s big ET Awards winHappy Monday! Digital platforms and brands are building their own AI storefronts. This and more in today’s ETtech Morning Dispatch.
South Korea’s Krafton, Naver, Mirae Asset launch Rs 6,000-crore India-dedicated fundKrafton, Naver Corporation, and Mirae Asset have launched a Rs 6,000-crore fund for high-growth Indian startups. The Unicorn Growth Fund wi...
Tata Digital CEO on company's reset; Groww doubles net profit in Q4Happy Tuesday! Tata Digital CEO Sajith Sivanandan spoke to us exclusively about the ongoing restructuring at the company under him. This an...
Revamped Tata Neu to bet on loyalty, financial services: Tata Digital CEO Sajith SivanandanTata Digital is pivoting Tata Neu from a broad commerce aggregator to a loyalty-led financial services platform, focusing on payments, inve...
BigBasket appoints ex-Google exec Arpit Jaiswal as chief growth officerBigBasket has appointed Arpit Jaiswal, a former executive of Google India, as its new chief growth officer. Jaiswal brings 15 years of expe...
Jio preps May IPO; Wipro slips after resultsJio Platforms is edging towards a long-awaited IPO as markets wobble amid Iran tensions. This and more in today's ETtech Top 5.
Founder exits loom over BigBasket, 1mg as Tata Digital reset continuesBigbasket’s Hari Menon and Vipul Parekh are in the final stages of moving out amid the ongoing CEO search. Meanwhile, Prashant Tandon and G...
BigBasket gets first tranche of Tata cash at $2 billion valuationAdditionally, the Tata-Bigbasket deal has received the approval of the board of directors of the online grocery, whose largest shareholders...
Exclusive: BigBasket clocks $1.1 billion gross sales as pandemic fuels online groceryThat Tata Group-owned BigBasket is only the second vertical e-commerce player in India to achieve the milestone indicates the high-growth p...