Category: Technology
PhonePe raises $100 million in fresh funding; Deepinder Goyal dismisses talks of attrition at Zomato
[ad_1] Digital payments firm PhonePe has raised another $100 million in primary funding, after a $350-million fundraise from General Atlantic in January this year. This and more in today’s edition of ETtech Top 5. Also in this letter:■ Zomato CEO Deepinder Goyal plays down attrition problem ■ Google not complying with CCI ruling, alleges Epic ...
indian antitrust orders: Epic Games alleges Google not complying with antitrust order
[ad_1] US firm Epic Games is challenging Google in an Indian tribunal for not complying with some portions of an antitrust directive, alleging that the tech giant is not hosting the gaming company’s app store on Google’s Play Store app. Epic’s claims are the latest legal issues to plague the Alphabet Inc unit in India. ...
twitter: Twitter’s plan to charge for crucial tool prompts outcry
[ad_1] In the aftermath of the devastating earthquake in Turkiye and Syria, thousands of volunteer software developers have been using a crucial Twitter tool to comb the platform for calls for help – including from people trapped in collapsed buildings – and connect people with rescue organisations. They could soon lose access unless they pay ...
insurancedekho: Insuretech startup InsuranceDekho raises $150 million in latest funding round
[ad_1] Insurtech platform InsuranceDekho has raised $150 million in a mix of equity and debt funding, led by Goldman Sachs Asset Management and TVS Capital Fund. Investcorp, Avataar Ventures and LeapFrog Investments also invested as part of the equity funding. The share allotment to some of these investors began in January. Of the total funding, ...
Uber Maharashtra Services: Apply for a licence in three weeks to operate in Maharashtra: SC tells Uber
[ad_1] The Supreme Court on Monday asked cab aggregator Uber India to apply to the Maharashtra government by March 6 seeking valid licences to continue operating in the state. It gave the state government two weeks to decide on Uber’s application thereafter. The apex court also asked the state government to expeditiously frame an appropriate ...
Falguni Nayar: Underlying demand for beauty, fashion strong despite cut in discretionary spends: Nykaa CEO Falguni Nayar
[ad_1] FSN E-Commerce Ventures, which operates omnichannel beauty and fashion retailer Nykaa, has reported a 71% decline in consolidated net profit to Rs 8.48 crore for the quarter ended December 31. It was Rs 29.01 crore in the same period last year. Revenue from operations grew 33% year on year to Rs 1,462 crore from ...
Nykaa Q3: Nykaa Q3 Results: Profit declines 68% YoY to Rs 9 crore
[ad_1] FSN E-Commerce Ventures, the parent company of Nykaa, reported a 68% fall in consolidated net profit at Rs 9 crore for the quarter ended December 2022. It was Rs 29 crore in the same quarter of last year. Revenue from operations, meanwhile, surged 33% year-on-year (YoY) to Rs 1,462 crore for the quarter under ...
google pune: Hoax bomb call at Google office in Pune; caller held in Hyderabad
[ad_1] Google company’s office in Maharashtra’s Pune city was briefly put on alert after it received a call about a bomb in the premises which later turned out to be a hoax, police said on Monday. A man, who allegedly made the call in an inebriated state, has been traced to Hyderabad and apprehended from ...
How GoMechanic founders floated Morsebiz as car servicing startup unravelled; BPM firms turn to cost-saving deals
[ad_1] As the business collapse looked imminent due to misreporting of financials, cash burn and other reasons, GoMechanic’s founders floated a new startup and tried to sell the idea of spinning off its spare parts business to raise capital. But investors were unimpressed. Today we take a deep dive into what brewed just months before ...
1.95 lakh forest fires over the past decade in India, Lockheed Martin can help, says exec
[ad_1] India has witnessed 1.95 lakh forest fires over the past nine years, and uses bambi buckets to extinguish fires, said an executive of American aerospace company Lockheed Martin here at a press conference on Sunday. The interest for firefighting has grown from operators across the globe including India over the past three years with ...