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Chandra R Srikanth

Editor- Tech, Startups, And New Economy

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Layoffs, shutdowns, funding crunch: The Great Indian Startup Party is over

STARTUP

Layoffs, shutdowns, funding crunch: The Great Indian Startup Party is over

Startups have also resorted to shutting down non-core verticals, rationalising marketing and advertising spends and have gone on a hiring freeze, as they enter a bleak period, after a blockbuster funding party that lasted for nearly two years

Infosys reappoints turnaround artist Salil Parekh as boss, showers stock options on top execs

BUSINESS

Infosys reappoints turnaround artist Salil Parekh as boss, showers stock options on top execs

Parekh has been chief executive and managing director of Infosys since January 2018

Ola Electric CMO Varun Dubey latest to quit, days after CTO exit

AUTOMOBILE

Ola Electric CMO Varun Dubey latest to quit, days after CTO exit

An Ola spokesperson confirmed that Dubey was leaving due to personal reasons.

Swiggy shuts down Supr Daily operations in five cities citing losses

BUSINESS

Swiggy shuts down Supr Daily operations in five cities citing losses

The move will impact employees operating in the five cities – Delhi-NCR, Mumbai, Pune, Hyderabad and Chennai -- as well as some corporate employees. Also, Swiggy has halted the pick-and-drop service, Genie, in multiple cities due to surge in demand.

Meet Debashis Chatterjee, Chief of LTI-Mindtree: A firm exterior and a soft people-oriented interior

BUSINESS

Meet Debashis Chatterjee, Chief of LTI-Mindtree: A firm exterior and a soft people-oriented interior

"An egoless person, he hired his own boss and started what turned out to be a big centre for Cognizant in Kolkata," former Cognizant vice-chairman and CEO Lakshmi Narayanan said on Debashis Chatterjee.

MC Exclusive | You can build a good company in India, regardless of your background or education: Fairfax's Prem Watsa

BUSINESS

MC Exclusive | You can build a good company in India, regardless of your background or education: Fairfax's Prem Watsa

Indian-Canadian billionaire Watsa's Fairfax Financial Holdings has investments in a number of Indian companies including general insurance startup Digit which is currently valued at $3.5 billion.

India will be the place to come to put money in: Fairfax founder Prem Watsa

BUSINESS

India will be the place to come to put money in: Fairfax founder Prem Watsa

"We say, jokingly, that our strategic plan is to wait for that telephone to ring," says Prem Watsa in interview

MC Interview | Good companies find a way to go public at any time, whatever market says: Delhivery’s Sahil Barua

BUSINESS

MC Interview | Good companies find a way to go public at any time, whatever market says: Delhivery’s Sahil Barua

Delhivery’s IPO response could potentially determine the outcome for startups such as Oyo, Snapdeal and Pharmeasy, who have filed draft papers with Sebi but have delayed their listing plans due to uncertainty in the market. Delhivery, too, had delayed its listing plans after it received Sebi’s nod in January.

EXCLUSIVE: Ola Cars CEO Arun Sirdeshmukh and Ola group strategy head Amit Anchal to exit

BUSINESS

EXCLUSIVE: Ola Cars CEO Arun Sirdeshmukh and Ola group strategy head Amit Anchal to exit

An Ola spokesperson confirmed Siredeshmukh's exit in response to queries from Moneycontrol, but she firmly denied Anchal was leaving and said he was still part of the company.

User retention is flat post 40 minutes, 95% of Indian grocery basket can be covered in 10 minutes: Zepto founder and CEO Aadit Palicha 

BUSINESS

User retention is flat post 40 minutes, 95% of Indian grocery basket can be covered in 10 minutes: Zepto founder and CEO Aadit Palicha 

Zepto's strong operating and execution chops soon saw investor interest and steep valuations amid the funding boom in Indian startups.

Byju Raveendran floats Byjus Investments to route funds into Byju’s

BUSINESS

Byju Raveendran floats Byjus Investments to route funds into Byju’s

Byjus Investments Pvt Ltd will serve as the vehicle to route the $400 million that Raveendran said he will invest in Byju’s, as part of a larger $800-million financing round

Zepto, a 10 -minute grocery delivery app, raises $200 million at a valuation of $900 million

BUSINESS

Zepto, a 10 -minute grocery delivery app, raises $200 million at a valuation of $900 million

The startup was in fact looking to raise at a $1 billion valuation, which would have given it the unicorn status, but this didn't come through.

As long as the market is hot, there's going to be high attrition: Wipro CEO Thierry Delaporte

BUSINESS

As long as the market is hot, there's going to be high attrition: Wipro CEO Thierry Delaporte

But, according to Delaporte, the company is better positioned to attract talent now than it was two or three years ago. With the demand continuing to be on the rise, Delaporte spoke to Moneycontrol about the sustainability of this growth, its acquisition spree and more.

Acquisitions will continue to be key growth driver for market share gain: Wipro CEO Thierry Delaporte

BUSINESS

Acquisitions will continue to be key growth driver for market share gain: Wipro CEO Thierry Delaporte

However, the buys will have to make sense from a strategy point of view, said Delaporte, while adding that there is perfect alignment with him and Chairman Rishad Premji on this matter

IPO is not an endgame, it’s the start of business: Nithin Kamath on why Zerodha will not go public

BUSINESS

IPO is not an endgame, it’s the start of business: Nithin Kamath on why Zerodha will not go public

The founder narrates the story of how a conversation in a gym led to the setting up of India’s largest stock broker for retail investors – without any business experience and without outside funding

Exclusive | Mu Sigma founder Dhiraj Rajaram buys out investors Sequoia and General Atlantic, regains full ownership

BUSINESS

Exclusive | Mu Sigma founder Dhiraj Rajaram buys out investors Sequoia and General Atlantic, regains full ownership

Both funds invested in Mu Sigma in 2011 and were among its largest shareholders, together holding nearly 38 percent.

Mindtree, L&T Infotech working together on projects for 2 years: Mindtree CEO Debashis Chatterjee

BUSINESS

Mindtree, L&T Infotech working together on projects for 2 years: Mindtree CEO Debashis Chatterjee

The mid-cap IT services firm Mindtree has been in the news for a possible merger with L&T Infotech as early as next week. The combined revenue of the two entities would be close to about $3.5 billion

What potential merger of Mindtree and L&T Infotech means 

BUSINESS

What potential merger of Mindtree and L&T Infotech means 

People working at the firms told Moneycontrol that while they have been collaborating on projects, they didn’t think a merger would happen so soon and thought it was at least a year or two away. However, experts pointed out why the merger isn't a risky proposition and why the consolidation could work.

We have given very strong guidance, will continue to gain market share: Infosys CEO Salil Parekh

BUSINESS

We have given very strong guidance, will continue to gain market share: Infosys CEO Salil Parekh

While FY22 was a banner year for the IT services major, the fourth quarter disappointed, as revenues and margins came below expectations.

Russia-Ukraine conflict | Infosys has no plans to do business with Russian clients: CEO Salil Parekh

BUSINESS

Russia-Ukraine conflict | Infosys has no plans to do business with Russian clients: CEO Salil Parekh

The company has started transitioning all of its work from its centres in Russia, where it employs less than 100 people, to the centres outside Russia.

Infosys grows faster than TCS third year in a row, posts 20.3% growth in FY22

BUSINESS

Infosys grows faster than TCS third year in a row, posts 20.3% growth in FY22

This is also the highest growth the company has registered in close to a decade. Infosys registered a 25 percent growth in FY11.

Tata Neu to unveil improved app after clocking over one million sign-ups and downloads within days of launch

BUSINESS

Tata Neu to unveil improved app after clocking over one million sign-ups and downloads within days of launch

Tata Neu is a key part of the 154-year-old Tata Group's plan to take on established giants such as Amazon, Walmart's Flipkart, and Jio Platforms.

EV fire incidents a wake-up call for the industry, says Hero Electric's Naveen Munjal

BUSINESS

EV fire incidents a wake-up call for the industry, says Hero Electric's Naveen Munjal

The government may now get stricter with the battery standards, how quickly one can launch the product and get it out in the market, Munjal tells Moneycontrol

Exclusive | Ola CEO Bhavish Aggarwal to focus on engineering and product, GR Arun Kumar to lead operations

BUSINESS

Exclusive | Ola CEO Bhavish Aggarwal to focus on engineering and product, GR Arun Kumar to lead operations

Ola was last valued at $7.3 billion when it raised $139 million in its Series J round.

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