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Udaan’s pre-IPO top-up; Tata’s Assam chip hub test runHappy Monday! Udaan is in talks to raise fresh funds amid IPO talks. This and more in today's ETtech Morning Dispatch.- Udaan buys ShopKirana; Paytm Money’s new CEOB2B platform Udaan has acquired retail tech startup ShopKirana. This and more in today’s ETtech Top 5.
- EvenFlow elevates sourcing head Shashank Ranjan as its cofounderFounded by former Uber and Glovo executive Agarwal in 2021, Evenflow has raised capital from 9Unicorns, Village Global, Equanimity, Kunal S...
- Unicorn hiring trends; smartphone makers to gain further groundThe ongoing funding winter and concerns over profitability have not deterred homegrown unicorns from onboarding top talent. This and more i...
- Deepfakes a ticking bomb for video KYCs; Indian startups cut 28,000 jobs in brutal 2023Nithin Kamath, the chief executive of Zerodha, one of India’s largest stockbrokers, took to social media to post a deepfake image of himsel...
- Bose picks up minority stake in Noise; Udaan fires over 100 employeesIn what could potentially strengthen homegrown audio accessories and wearables brand Noise’s foothold in a tightly contested segment, the c...
- Byju’s plans a PE lesson for Aakash; inside Udaan’s fundingByju’s is talking to a few private equity firms to offload a controlling stake in Aakash Institute, one of the beleaguered edtech’s prime a...
- Apple leads India's smartphone exports; After Sequoia, GGV Capital to split US-China bizApple has emerged as the largest exporter of smartphone shipments from India, after overtaking its closest rival Samsung. In just a year, i...
- Zerodha's Nikhil Kamath invests Rs 100 crore in Nazara; Udaan CTO to exit amid rejigGame on! Online gaming and media firm Nazara Technologies on Monday said it was raising Rs 100 crore from Nikhil Kamath, cofounder of retai...
- Udaan product shipment jumps six-fold to 1.7 billion in 2022The Lightspeed Venture and Microsoft-backed unicorn had shipped 260 million products, catering to over 22 million orders, and driven by dem...
- Elon Musk fires Twitter CEO to 'free the bird'; Govt to form social media grievance panels in 90 days“The bird is freed,” he tweeted, when it was done. After months of anticipation, social media accusations, courtroom showdowns, postponed d...
- Flipkart to shut Smart Fulfillment; deals return as restaurants recoverFlipkart said the move would reduce costs for sellers, but some aren’t so sure.
- Smartr Logistics plans to enter third-party logistics biz; to set up 15 fulfillment centresLaunched last year, the logistics tech-startup also plans to expand its presence to over 250 cities and 6,000 PIN codes by this year-end.
- How India's traditional FMCG distributor network is changingWhile traditional distributors have locked horns with FMCG companies over deep discounts to online B2B platforms,the future of distribution...
- Throttle Aerospace Systems, udaan complete trial-run for drone delivery of medicinesDuring the pilot, two variants of drones were successfully tested - Medcopter X4 and Medcopter X8 - with simulated deliveries to udaan cust...
- Born@B’luru: Our Silicon Valley deserves a tech startup museumFrom Infosys to Flipkart, Indian startups and their success stories have come a long way and Bengaluru as a city has played its role effici...
- Udaan raises $225 million from DST Global, Lightspeed to become India's fastest UnicornThe company, founded by former executives of Flipkart, is in advanced talks to raise $225 million from investors.
- A rough road awaits e-commerce companies as they race to the Indian hinterlandsCompanies have had to tweak business models, extend and improvise on logistics and supply chain, and patiently chip away at the suspicion o...
- Ecommerce is passé. Moonshot ideas will grab attention of startups in 2017Moonshot ideas will grab the eyeballs - unique fintech models, an open source programming language, media and traditional businesses with a...
- Small-town dilemma: How high costs, weak logistics & low consumer interest pose a challenge for ecommerce industryIndia’s once thriving ecommerce industry now considers a future with slower growth and tougher questions from once spendthrift investors.
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