BUSINESS
Sarvam AI partners with Yotta, unveils first commercial generative AI offerings
Sarvam has also teamed up with Meta to offer a WhatsApp stack designed for enterprises, featuring use cases such as conversation history, business instructions, targeted marketing, and consumer feedback.
BUSINESS
Bhavish has delivered on his promise, sparking an EV revolution—this is what fuels the excitement around Ola Electric's IPO: SoftBank’s Sumer Juneja
“What Bhavish has done from 2019, when our first cheque went in, to what the firm is now is phenomenal. The promise he has delivered, the EV revolution, is what is keeping people excited,” Juneja said
BUSINESS
I'm an advocate for founders taking money in secondary sale, says Freshworks founder Mathrubootham
The statement comes amid ongoing debate among investors and founders over the sale of founder shares in secondary markets, a trend increasingly common among new-age companies
TECHNOLOGY
IPO-bound Ather Energy appoints Zomato chairman Kaushik Dutta as independent director
Dutta is the Chairman and an Independent Director of Zomato and is also on the board of BharatPe.
BUSINESS
Stock trading platform Punch raises $7 million in a mix of debt and equity
The startup plans to allocate the funds towards research and development, technology and product enhancement, and talent acquisition.
TECHNOLOGY
Indian SaaS firms expected to raise $1 bn in 2024; 25% of investments focused on AI startups: Report
As per Bessemer Venture’s survey of early-stage software startups in India, around 90% have launched at least one AI feature in the past year.
TECHNOLOGY
Together Fund ropes in former Google VP Lakshmi Shankar as general partner
Shankar will head the VC firm's San Francisco office and focus on early-stage investments in AI startups in the US-India corridor
BUSINESS
Despite e-commerce slowdown, PAT doubled last year: Unicommerce promoter Kunal Bahl
Snapdeal-backed Unicommerce will open its initial public offer's (IPO) anchor book on August 5 and will list on bourses on August 13th.
BUSINESS
Have done enough for the market to see excitement on listing day: Ola Electric founder Bhavish Aggarwal
In a freewheeling conversation with Moneycontrol, the driven founder of Ola said he is prepared to face public market investors. He also said he is fully involved in Ola Electric as it is operationally intense.
TECHNOLOGY
Freshworks raises revenue forecast amid surging demand for AI solutions
Post the announcement, Freshworks shares rallied by 12% and closed at $14 a share on Nasdaq.
TECHNOLOGY
Freshworks reports 20% revenue growth to $174 million in Q2CY24
The firm’s Free Cash Flow (FCF) was $32.8 million in Q2 of 2024 which has gone up by around 81% YoY compared to $18.1 million in the second quarter of 2023.
TECHNOLOGY
IPO-bound Ola Electric's cost of imports from China jumped to 37% in FY24
The company’s total cost of materials consumed was around Rs 4,390 crore, of which, imports from China amounted to Rs 1,624 crore
BUSINESS
Dunzo co-founder Mukund Jha in talks to raise Rs 80 cr for his Gen AI startup
Jha, who was with Dunzo from 2015 until 2023, has previously worked with Google in New York, where he tried starting up two of his own companies.
TECHNOLOGY
Meet Hyun Shik Park, the battery boss who has the fattest paycheque in Ola Electric universe
After being an LG lifer for almost four decades, the battery manufacturing expert joined Ola last year to helm its cell production operations in its Gigafactory
TECHNOLOGY
Ola Electric IPO: Top 10 metrics to watch out for
Ola Electric's IPO, the first such offer from an Indian electric two-wheeler manufacturer, will open for subscription on August 2 and close on August 6
BUSINESS
Ola Electric IPO: Vijay Shekhar Sharma, Zoya and Farhan Akhtar are holding onto their 26% gains
Paytm founder and the Bollywood duo invested in Ola Electric’s Series C round in December 2021. The benchmark Nifty has risen 48 percent since then
TECHNOLOGY
Ola Electric's revenue hits Rs 5,000 crore, losses widen by 8% in FY24
Ola Electric's losses were recorded at Rs 1,584 crores in FY24.
TECHNOLOGY
BigBasket forays into enterprise SaaS business with supply-chain management platform
The firm is piloting its software solution with several players across ecommerce, omni-channel commerce and other customers
TECHNOLOGY
VC industry veterans launch Rs 810-cr deeptech-focused fund 'Yali Capital'
The fund is Sebi-approved category 2 AIF and aims to invest in areas such as chip design, robotics, genomics, smart manufacturing, aerospace and AI
TECHNOLOGY
Bengaluru drivers turn to Telegram, WhatsApp and zero-commission apps to beat Ola-Uber duopoly
While cab drivers primarily use Telegram and WhatsApp groups, auto unions are relying on their apps as an alternative to Ola and Uber, which dominate the app-based cab and autorickshaw segments in the tech capital.
TECHNOLOGY
SEBI's uniform charge structure: Top discount brokers might see up to 20% decline in FY25 topline
Sebi’s true-to-label fee structure for brokers makes the playing field even for smaller players or startups that are launching broking services now as scale in itself will not add to the meaty topline of larger companies like Zerodha, Groww and Angel One
BUSINESS
Discount brokers' topline might be hit badly if Sebi restricts F&O trading
While the number of F&O traders is between 10-20 percent of the overall active client base, they generate between 60-70 percent of the revenue for most of the large brokers.
BUSINESS
'Will have Ola cells in our scooters by early next year,' says founder Bhavish Aggarwal
While Sebi has greenlighted Ola Electric's DRHP, Aggarwal was non-committal on the timeline, adding that they are going through more steps.
TECHNOLOGY
'Have no policies like Foxconn': Ola founder Bhavish Aggarwal on hiring married women
Bhavish Aggarwal, founder and managing director of Ola said that the firm will continue to employ women workforce for its new facilities and said that the firm does not have any policy to not hire married women.
