Category: Startups
Paytm plans 10% staff increase in AI pivot, to lay off 400
Fintech pioneer Paytm is set to hire about 4,000 people over the next nine months, part of a pivot aimed at expanding its merchant network…
Zepto IPO: ED summons founders in FEMA matter, seeks shareholding, business details
Quick commerce platform Zepto has disclosed in its updated draft red herring prospectus that cofounders Aadit Palicha and Kaivalya Vohra received a summons from the…
After deeptech firms, expect RDIF rollout for Indian VCs soon
The government will likely begin distribution of the research, development and innovation fund (RDIF) in the coming weeks for those Indian investors who had applied…
Former Mirae Asset head Ashish Dave bets big on India’s VC reset
Ashish Dave, who stepped down as head of Mirae Asset Venture Investments (India) last year, is setting up his own fund, according to people with…
Chip startup AGNIT sets up GaN testing lab at IISc with Rs 3 crore investment
IISc-incubated AGNIT Semiconductors, India’s first vertically integrated gallium nitride (GaN) chipmaker, has set up a new testing and qualification laboratory at IISc, Bengaluru, as it…
Voice AI startup ElevenLabs appoints Alexander Holt its field CTO
Voice AI startup ElevenLabs has appointed Alexander Holt as its field CTO (chief technology officer), company co-founder Mati Staniszewski announced on Monday. “Today, @i_am_holt becomes…
AOL, Vimeo parent Bending Spoons files for US IPO
Bending Spoons, an Italian tech firm focused on acquiring and revamping digital businesses, filed for a US initial public offering on Monday, as a busy…
Infosys CFO Jayesh Sanghrajka joins Cars24 board as independent director
Cars24 has appointed Infosys chief financial officer (CFO) Jayesh Sanghrajka as an independent director on its board, the company announced on Monday. Cars24 cofounder and…
Kiran Mazumdar-Shaw’s Immuneel Therapeutics raises Rs 100 crore from Singularity AMC, Rainmatter, others
Immuneel Therapeutics, a cancer therapy startup cofounded by Biocon founder Kiran Mazumdar-Shaw, has raised over Rs 100 crore in new funding to expand manufacturing, reduce…
SpaceX denied fast track to S&P 500 after IPO
SpaceX has been denied a fast track into the S&P 500 when the rocket and satellite company goes public, in a ruling that cuts off…