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ZOMATO CTO EXIT
Qcomm dials up gig-workers; Spiritual apps go offlineHappy Wednesday! Quick commerce platforms are increasing their onboarding of last-mile gig workers. This and more in today's ETtech Morning...- States chase chip billions; Porter’s unicorn roundHappy Friday! Uttar Pradesh and Gujarat are moving swiftly to attract major electronic component manufacturers with new incentive schemes. ...
- Peak XV’s new fund; Sebi’s bond crackdownHappy Friday! Peak XV Partners is set to raise its new fund, first one after its split from Sequoia US. This and more in today’s ETtech Mor...
- Indian origin executives drive Uber's global tech leadership shakeupUber's head of engineering for delivery Anirban Kundu will join its grocery delivery rival Instacart as chief technology officer, he announ...
- Reliance, Nvidia to develop AI infra in India; Freshworks draws large customersMukesh Ambani-led Reliance Industries has tied up with chipmaker Nvidia to develop India’s own foundation large language model. The petroch...
- In March, Swiggy’s food-delivery biz turned profitable, excluding Esop costs: CEO Sriharsha MajetyFood delivery platform Swiggy on Thursday announced that it has turned profitable as of March 2023.
- Swiggy CTO Dale Vaz resigns; Eruditus’ FY22 revenue jumps 87%Vaz, who had joined Swiggy as its head of engineering and data science, was promoted to the CTO post in 2020 after Rahul Jaimini, who cofou...
- Swiggy CTO Dale Vaz resigns, to be replaced by senior VP Madhusudan RaoThe development comes just days after Karthik Gurumurthy, head of Swiggy’s quick-commerce vertical, Instamart, said he would step aside fro...
- Zomato cofounder & CTO Gunjan Patidar resignsThis is the fourth big exit at the Gurugram-based food-tech company in recent months. Patidar is also the fourth co-founder to exit Zomato.
- Mukesh Bansal steps back at Tata Neu; Cred stops using Paytm QR codes on its placardsMyntra cofounder Mukesh Bansal, who joined Tata Digital as its president in June 2021, has withdrawn from Tata Neu’s day-to-day operations ...
- Is yet another top-level exit at Zomato a winter chill for Street investors?Some market participants see a knee jerk negative impact of the news on the stock on Tuesday. Shares of the company ended 1.5% higher on th...
- Is Meta losing its way?The company is pouring billions into its virtual reality division in hopes of Big-Banging the metaverse into existence, but back in the rea...
- Ola to sack 1,000 workers; Aarogya Setu data protocols were discontinued in MayThe restructuring exercise – which is expected to last a few more weeks – is aimed at increasing Ola’s focus on its electric mobility busin...
- Jack Ma to give up control of Ant; Tata Neu CTO quits four months after launchThe news comes two years after Ma delivered a notorious speech that prompted furious regulators to halt Ant’s $34 billion IPO and demand th...
- Tiger ready to reward portfolio toppers; Rishi Arora becomes Blinkit cofounderTiger Global, which bet big on several late-stage startups and helped mint many unicorns in a record-breaking 2021, is changing tact after ...
- Rishi Arora elevated as Blinkit cofounderThe elevation of Arora as the cofounder comes on the back of the exit of Blinkit cofounder Saurabh Kumar in June last year. Kumar went on t...
- With $1 b new money and $3.3 b valuation, Swiggy turns swaggyNaspers, Tencent among investors; food delivery co sixth most-valued pvt internet firm in India.
- Ecommerce players, startups step up hiring for leadership positionsHiring has shot up in last 6-7 months, with nearly 350-400 plus senior hires across e-comm and startup ecosystem.
- Snapdeal scripts a comeback nine months after merger talks failThe company has doubled its daily orders to 40,000-45,000 from a low of about 20,000 in 2017 and has been beefing up its ranks as well.
- Flipkart sees highest number of senior exits among e-commerce peersFrom CFO Sanjay Baweja, CTO Peeyush Ranjan, the list of high-profile exits at the e-commerce marketplace has been long.
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