BUSINESS
TAM doesn’t matter. I don’t track it, that is an analyst’s job, says Lenskart’s Peyush Bansal
Even if it is Rs 5,000 crore, we can give vision to 50 percent of India and that is a sizable impact to create and so our job is not changing because of that, Peyush Bansal, CEO and co-founder, Lenskart, told Moneycontrol in an interview.
BUSINESS
MC Interview: IPO not an exit event; Being a Promoter has an emotional angle: Lenskart’s Peyush Bansal
In a freewheeling chat with Moneycontrol, Peyush Bansal, CEO and co-founder of the company said it doesn't matter to him what the total addressable market (TAM) is beyond a certain point. "I don't get into this, I don’t track it. I think this is an analyst’s job."
BUSINESS
Dunzo co-founder Kabeer Biswas to leave Flipkart in less than a year since joining
Kunal Gupta, Vice President at Flipkart, will now lead Flipkart Minutes to ensure a seamless continuation of the business and operations. Gupta has been with Flipkart for over a decade.
INTERVIEW
‘Excellent hospitals, poor claims’: PB Fintech’s Alok Bansal says India’s insurance system needs urgent attention
Bansal said misaligned incentives make the insurance claims process subpar despite India’s medical excellence, as PB Fintech expands into healthcare with its new venture PB Healthcare.
TECHNOLOGY
STPI bets on tier-2, tier-3 cities to build India’s next wave of tech entrepreneurs
Director General Arvind Kumar says STPI 2.0 aims to turn India into a software product nation by nurturing innovation beyond metros, supporting startups, and building deep-tech talent.
BUSINESS
Around 300 employees impacted at Zepto amid cost efficiency drive at the quick commerce company
A total of around 1,000 Zepto employees have been impacted since the beginning of the year, sources told Moneycontrol. Zepto is also cutting back its spends on AWS and other software and the company will go "very tight" on hiring.
BUSINESS
Quick services startup Snabbit relocates from Mumbai to Bengaluru’s Koramangala to tap tech talent
Snabbit is moving to Bengaluru at a time when industrialists and the state government are at loggerheads over infrastructure issues, traffic woes and other challenges that are crippling the city’s growth.
BUSINESS
Lenskart shares touch Rs 510 apiece in grey market, signals $10 billion valuation ahead of IPO
Lenskart is expected to file its red herring prospectus (RHP) in the week of October 22 and plans to list on the stock exchanges no later than November 12, a source told Moneycontrol
BUSINESS
'Learn Kannada, Marathi if you are moving to those states,' says Zoho’s Sridhar Vembu on Indian elite and nationalism
Vembu also cited countries like Japan, Korea, and China as examples where national pride and self-reliance have powered rapid development.
TECHNOLOGY
Zoho chosen for government's email service after 20 security audits, says founder Sridhar Vembu
Amid scrutiny over government adoption of Zoho Mail, the company’s founder has said that it was selected by National Informatics Centre (NIC) after extensive vetting, while MeitY has maintained it does not favour any single firm for tender.
BUSINESS
AI is entering bubble territory, says Zoho’s Sridhar Vembu
On the role of AI in programming, Vembu said he is a fan of AI-based coding and uses it extensively, but emphasized that it augments rather than replaces skilled programmers.
BUSINESS
India cannot afford the scale of investment in data centres, if power bills go up, it will become a hot political issue: Zoho’s Sridhar Vembu
He drew parallels with the U.S., where AI investment has soared into the trillions of dollars but raised concerns about rising electricity costs and limited productivity gains.
BUSINESS
Sridhar Vembu dedicates 70% of his time to coding as Zoho's Chief Scientist
The Zoho founder has also been engaging more with the company’s rural teams, visiting several rural centers and spending time with young engineers.
BUSINESS
'We are testing end-to-end encryption this week on Arattai, will be rolled out soon': Zoho’s Sridhar Vembu
Vembu acknowledged that Zoho had to speed up its rollout plans as timelines advanced unexpectedly.
TECHNOLOGY
Must invest in critical tech, India got bad advice from economists trained at Columbia, Chicago, Harvard: Zoho’s Sridhar Vembu
Calling for balanced trade, Vembu said India must avoid both large deficits and surpluses and focus on technological self-reliance to restore equilibrium.
BUSINESS
Foreign AI companies and GCCs need to register IP here, they are harvesting Indian brains: Zoho’s Sridhar Vembu
Vembu urged the government to make it mandatory for companies developing technology or AI models in India to register the resulting IP locally or license it to the parent entity abroad.
TECHNOLOGY
MC Interview: There is a Swadeshi movement underway, India must be self-reliant in tech and trade on equal terms, says Zoho’s Sridhar Vembu
In this detailed and candid conversation, Zoho’s Chief Scientist and founder Sridhar Vembu opens up about the growing Swadeshi movement in India-a push for self-reliance in technology and trade amidst a global landscape where tech is increasingly weaponised
TECHNOLOGY
India’s tech future lies in building, not just using global quality products: MeitY Secretary S. Krishnan
In a conversation with Moneycontrol on the sidelines of the India Mobile Congress, S. Krishnan talks about India’s vision to become a product nation, the government’s push for indigenous tech alternatives, and how MeitY plans to build globally competitive capabilities in AI, semiconductors, and digital products.
BUSINESS
Inside Nandan Nilekani’s exclusive Koramangala dinner for Anthropic CEO Dario Amodei
Wipro chairman Rishad Premji, Cred’s Kunal Shah, Meesho’s Vidit Aatrey, Ather’s Tarun Mehta, Rapido’s Aravind Sanka and several other top tech executives attended the dinner
BUSINESS
'We welcome Western AI companies —but we are building our own too,' says Meity Addl Secretary Abhishek Singh
India’s AI policy, additional secretary Abhishek Singh says, is rooted in openness but aimed at developing domestic capabilities in parallel.
BUSINESS
Prosus to buy additional ixigo shares from Peak XV Partners and Elevation Capital to increase stake to 15%
Peak XV Partners will sell about 3 percent to Prosus and Elevation Capital will sell another 2 percent to Prosus, taking Prosus' total holding to 15%, up from 10.1% as of October 10 for a total consideration of around Rs 1,900-2,000 crore, sources told Moneycontrol
TECHNOLOGY
Govt will back world-class Indian tech products, IT secretary S Krishnan says amid Zoho push
Meity secretary S Krishnan said the government will back Indian technology products that can stand 'shoulder to shoulder' with global offerings — not settle for less in the name of being local
TECHNOLOGY
Anthropic's Dario Amodei to visit Infosys HQ in Bengaluru for meetings
Anthropic's Dario Amodei is visiting India to meet with public officials and enterprise partners, as the AI research firm announces plans to open its first office in Bengaluru
TECHNOLOGY
Anthropic CEO Dario Amodei to visit India this week; Likely to meet PM Modi, inaugurate Bengaluru office
Anthropic is aiming to establish a foothold in India, which houses one of the world's largest developer bases, as the AI arms race escalates.
