BUSINESS
Karnataka bike taxi ban: Users ride as ‘parcels’, drivers switch to deliveries, last-mile fares spike on day one
The kicking-in of the bike taxi ban in Karnataka has left users stranded, riders scrambling for alternatives and platforms hustling to retain their fleets with delivery gigs.
TECHNOLOGY
Karnataka bike taxi ban kicks in; Rapido says it’s pausing operations
A Moneycontrol check on found Rapido replacing its bike taxi service with a 'bike parcel' option. Ola and Uber are still offering bike taxi rides
BUSINESS
Krutrim’s agentic AI app 'Kruti' aims to go beyond Ola, may integrate with Uber, Swiggy, others
Currently, Kruti AI is integrated only with the Ola group for services like cab booking and food ordering. However, Krutrim plans to make it a cross-platform personal assistant that cuts across app silos.
ARTIFICIAL-INTELLIGENCE
The great migration: Indian SaaS founders relocate to US to capitalise on AI boom
As the AI boom redraws the SaaS playbook, Indian founders are packing their bags for the Bay Area, chasing proximity, partnerships, and the pulse of what’s next.
BUSINESS
Fintechs hopeful of revival in credit growth after RBI's big rate cut
There are some concerns about the speed of transmission of lower rates to NBFCs and fintechs, with some expecting this to take a quarter but there are others who expect at least six months
BUSINESS
Karnataka govt holding regular consultations on bike taxi policy, says Rapido's Pavan Guntupalli
Guntupalli said Rapido alone accounts for 5 lakh rides in the state, creating 1.5 lakh daily jobs, and that an estimated 8 lakh rides happen in the state across players
BUSINESS
Ola Electric delays cell integration plan amid push for cost optimisation
Ola Electric's founder, Bhavish Aggarwal, said the company needs to take a more thoughtful approach to managing operational risks and capital allocation.
BUSINESS
Razorpay to pay Rs 1,245 crore in taxes to flip back to India, IPO likely in 18-24 months
Moneycontrol had reported earlier on May 29 that the reverse flip was officially completed, bringing the company’s headquarters under Indian jurisdiction.
BUSINESS
Razorpay completes reverse flip from US to India
Razorpay launched the process to move its parent entity to India from the United States in May 2023, ahead of its plans to list on Indian bourses
BUSINESS
From software to smartboards: Behind edtech Teachmint’s pivot to hardware
What started as a SaaS platform for teachers is now a company dealing with hardware, building its classroom kits in-house in partnership with contract manufacturers like Zetwerk
BUSINESS
Bounce, MyByk double down on EV rentals for gig workers amid India’s quick commerce boom
The resurgence comes amid the rapid expansion of quick commerce platforms like Zepto, Blinkit, and Swiggy Instamart, which have significantly increased the need for reliable delivery fleets.
BUSINESS
Zerodha’s AI foray wins early fans, but raises questions over assisted investing
Screenshots shared by users demonstrated how easily complex portfolio insights were generated in conversation-like exchanges with the AI.
TECHNOLOGY
Tipping point: CCPA notice to Uber puts spotlight on pre-trip tipping in ride-hailing apps
For many commuters, the in-app tipping trend feels like digital déjà vu of the street-side haggling they hoped to escape.
BUSINESS
Tech leaders are burning the midnight oil to learn AI, code to up their game
The new-age tech founder is equal parts CEO, product manager, and developer — someone who can manage roadmaps and also roll up his sleeves to debug an inference error at midnight
BUSINESS
EV industry braces for short-term supply-chain jitters amid border escalations
Punjab, Haryana, Delhi-NCR, and Uttarakhand are key contributors to India’s growing EV ecosystem, supplying a range of components like wiring harnesses, electronics assemblies, plastic moulding units, and certain steel and aluminium parts.
BUSINESS
Legacy automakers gain ground as electric two-wheeler market enters new phase of competition
April 2025 saw TVS Motor overtake Ola Electric, and Bajaj Auto increase its market share, signalling a more competitive, brand-driven e2W landscape.
BUSINESS
Beyond engineering, every department is using AI to drive efficiency at Freshworks: CEO Dennis Woodside
Freshworks, which reported its Q1 2025 numbers on April 30, has raised its full-year revenue forecast by up to $4.3 million or by around 0.5 percent, fuelled by growing enterprise adoption and the integration of AI features
BUSINESS
Freshworks Q1: Revenue jumps 19% to $196 million, 2025 revenue outlook raised on AI demand
The Nasdaq-listed SaaS firm now expects full-year 2025 revenue between $815.3 million and $824.3 million, up from its earlier forecast of $809–$820 million.
BUSINESS
Pune-based Sedemac Mechatronics taps Axis, ICICI Securities, Avendus as bankers for IPO
The IIT-Bombay professor-founded firm is also exploring a $20–30 million secondary funding round ahead of planned IPO
BUSINESS
Hero Motocorp to relinquish special rights in Ather following IPO
Hero Motocorp is a key investor in Ather with 37.2% stake and currently has special privileges including information rights
BUSINESS
India’s foundational AI model to support reasoning in Indic languages, will be ready in six months: Sarvam AI's Vivek Raghavan
Sarvam AI, which has been selected by the Government of India to build sovereign Large Language Models (LLMs).
TECHNOLOGY
'China’s rare earth curbs shouldn't impact us, our focus on local battery partnerships," says Ather's CEO Tarun Mehta ahead of IPO
Rare earth magnets are critical for the motors used in electric vehicles, and China is the dominant global supplier.
BUSINESS
SaaS startups raise AI budgets, go slow on hiring amid technology shift
From lean teams to smarter tools — AI is reshaping how SaaS startups scale, spend, and staff.
BUSINESS
Ather Energy IPO: Company to raise Rs 2,626 crore in fresh issue, to launch April 28-30
Ather Energy will be the second pure-play Indian EV manufacturer to go public in India, following Ola Electric’s IPO last year.
