High Tales This Week
Qcomm gamers dole out reductions at the same time as money burn, competitors pinch: At the same time as platforms try and rein in money burn, discounting in the quick commerce sector has reached record highs, pushed by intensifying competitors.
Curbs on ecommerce darkish patterns to boost compliance prices: Authorities clampdown on darkish patterns in ecommerce, fast commerce and ride-hailing will increase compliance burden on these companies, legal professionals and business executives stated, however might not transfer the needle within the near-term by way of addressing these points.
Fast commerce gamers working out of supply riders as demand shoots up: Fast commerce sector is going through difficulties in hiring and retaining delivery partners, as recruitment struggles to maintain tempo with surging demand for speedy deliveries.
Fast commerce business’s hygiene headache defined: Blinkit, Zepto, Instamart, Flipkart Minutes, and BigBasket have opened a whole lot of darkish shops to fulfill speedy supply timelines. However within the rush to scale, some players are cutting corners on hygiene and meals security.
Sebi relaxes Esop norms for IPO-bound startup founders: India’s markets regulator, the Securities and Trade Board of India (Sebi), has eased rules for startup founders on retaining their worker inventory choices (Esops) as they take their firms public.
Startups, VCs chase India’s micro drama content material play: Investors are getting hooked on brief, binge-worthy micro dramas as the subsequent large wave in India’s leisure area, hoping to copy the playbook of their Chinese language counterparts.
BlueStone set to enter unicorn membership on highway to IPO: Omnichannel jewelry retailer BlueStone is ready to change into India’s newest unicorn, with a secondary deal valuing the corporate at round $1.2 billion, forward of its public itemizing.
Bike-taxi platforms halt providers in Bengaluru as HC ban order takes impact: Experience-hailing platforms Rapido, Uber and Ola suspended their bike taxi operations in Bengaluru with the Karnataka Excessive Court docket order banning the service coming into impact Monday.
Additionally Learn: Karnataka’s ban on bike taxis: A timeline
WhatsApp adverts won’t affect privateness, says Will Cathcart: WhatsApp’s monetisation efforts won’t contravene person privateness, Will Cathcart, head of WhatsApp at Meta, instructed us in an exclusive interview.
Additionally Learn: WhatsApp introduces first major advertising features
MakeMyTrip raises $3.1 billion to chop Chinese language agency Journey’s holding: On-line journey platform MakeMyTrip has raised $3.1 billion by way of a mixture of fairness and debt, its banker, Morgan Stanley, confirmed on Friday.
IT, Tech News
PE funds choose up important stakes in fast-growing tech corporations: Non-public fairness funds are acquiring significant stakes in quickly rising expertise corporations throughout high-growth sectors. No less than 4 offers have been finalised for the reason that begin of 2025, in line with funding bankers and business executives.
Deeptech VCs rev up fundraising efforts: India’s deeptech-focused enterprise capital funds are stepping up their fundraising efforts, because the ecosystem matures with rising authorities backing and beneficial geopolitical tendencies.
Chinese language uncommon earth squeeze raises alarms at electronics makers: China’s curbs on rare earth exports have set off alarm bells throughout the electronics business, with speaker, wearable, and tv producers warning of looming shortages of everlasting magnets.
Foxconn plans to make iPhone enclosures in India: Apple’s largest provider is setting up a unit in Oragadam, Tamil Nadu, to fabricate iPhone enclosures, as ET first reported on September 25 final 12 months.
Fintech Updates
As fintech lenders chase secured credit score choices, VCs up their bets: Digital lending startups that after centered closely on unsecured shopper credit score are actually transitioning towards secured lending, because the unsecured section reveals evident indicators of a slowdown.
Groww will get into company bond distribution, set to use for Sebi licence: Stockbroker Groww is planning to seek Sebi’s approval to supply buying and selling in company bonds by way of its cell utility, in line with two folks within the know.
Aspora raises $93 million from Sequoia Capital, Greylock and others: Y Combinator-backed cross-border funds startup Aspora has raised $93 million over three equity funding rounds between September 2024 and Might 2025, giving it a $500-million valuation, in line with its founder, Parth Garg.
Behind crackdown on startup’s unauthorised use of presidency databases: The Ministry of Electronics and Data Expertise (MeitY) has directed a number of technology-led startups to cease their offline Aadhaar-based know-your-customer (KYC) services, after they had been discovered to be accessing Aadhar information by way of unauthorised channels.
Additionally Learn: ID please? MeitY verifies identity verification startups
Eye on AI
(AI)gorithm turns recruiter: Synthetic intelligence (AI) has change into central to how recruiters identify the right talent, with AI dealing with 70–80% of the preliminary screening course of at IT corporations.
We wish to be DeepSeek within the West, says Important AI cofounder: We wish to be the ‘DeepSeek in the West’, stated Important AI’s Ashish Vaswani, referring to the Chinese language AI startup which quickly gained prominence for growing high-performing and cost-efficient massive language fashions.
Discover more from News Journals
Subscribe to get the latest posts sent to your email.
