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Klarna to launch dollar-backed stablecoin as race in digital payments heats upThe token, called KlarnaUSD, is currently in testing and will be available on the mainnet in 2026, will be fully backed by the US dollar th...
Wall Street IPO market is collapsing as November is set to be slowest month for Initial Public Offerings in 2025. What to expect in December, next year?IPO tracker: Some of the more anticipated big tech names that could go public in 2026 include AI-focused software company Databricks and gr...
Lufthansa axes 4,000 jobs while betting big on AI to fly leaner and faster - here are the positions affectedLufthansa plans to eliminate 4,000 administrative roles globally by 2030, primarily in Germany, as part of a major restructuring. The airli...
Company that sacked 700 workers with AI now regrets it — scrambles to rehire as automation goes horribly wrongKlarna AI layoffs have taken a surprising turn. The Swedish fintech giant, once praised for firing 700 employees and replacing them with ar...
Rapido's GST hurdle; Byju’s-BCCI settlementRide-hailing app Rapido has been held liable to pay goods and services tax (GST) for its cab service. This and more in today’s ETtech Top 5.
Proptech firm Housing ties up with fintech Niro to offer facility to pay rent on creditDhruv Agarwala, Group CEO, Housing.com, PropTiger.com & Makaan.com, said this solution will bring genuine empowerment to millions of custom...
Money View raises $75 million led by Apis Partners, valuation jumps to $900 millionFintech company Money View on Monday announced it has raised $75 million in its ongoing Series E funding led by UK-based asset manager Apis...
Payments company Bolt scraps $1.5 billion deal to buy crypto firm WyreSan Francisco-based Bolt was last valued at $11 billion after a funding round in January. However, high-flying tech valuations have come un...
Are Indian startup founders in denial?The RBI's digital lending guidelines have increased the pressure on new-age lending businesses, forcing them to focus on their non-banking ...
Zomato to become ‘Eternal’; 11,500 sacked at Indian startups this yearZomato is rebranding itself to Eternal, an entity that will house Zomato's food delivery business and its growing number of side hustles.
Slice fundraising on hold as RBI note triggering uncertainty for sectorPeople aware of the matter said the company’s funding round, of which $50 million was raised last month led by Tiger Global, is on hold now...
ETtech Deals Digest: Loadshare, Headout, Jar raise fundsLogistics platform Loadshare, online experiences marketplace for travellers Headout were among the startups that raised funding this week.
Capital Float raises $50 million from Lightrock India, othersCapital Float cofounder Sashank Rishyasringa said that the newly infused capital will help the firm shore up its risk stack and also help i...
Freshworks IPO details; Uber's Dutch setbackSaaS startup Freshworks is hoping for a valuation of $9 billion for its US IPO. Uber Technologies has lost another lawsuit over its drivers...