TECHNOLOGY
MC Interview | India should be proud of Meesho and Rapido, see potential for $50 billion firms here: Prosus chief Fabricio Bloisi
In a freewheeling conversation with Moneycontrol, the Brazilian entrepreneur and investor said Prosus’ India portfolio can grow 5X to $50 billion in the next few years, as five of its companies gear up for IPOs this year.
BUSINESS
MC Exclusive: Prosus plans five IPOs this year; Sees India portfolio hitting $50 billion within three years: CEO Fabricio Bloisi
While Prosus stands to make gains from the IPOs, Bloisi said he wants to put more money on the table, to make India grow faster and is in no rush to sell shares.
BUSINESS
NIXI is busy: From routing to securing domains, the internet exchange has got newer mandates now
The recent conflict with Pakistan places the development of India’s HTTPS root, and an internet resilience policy to keep core services running during cyber disruptions among its core tasks
BUSINESS
Walmart-owned Flipkart sees a string of SVP, VP exits in top deck churn
Flipkart's SVP Ankit Jain is leaving to join Swiggy Instamart, replacing Sairam Krishnamurthy who was hired as SVP and COO in August 2024
BUSINESS
Zepto secondaries: Motilal Oswal and Raamdeo Agrawal both personally buy shares worth $100 million
Apart from the current round, Motilal Oswal, the firm, is also preparing to lead a secondaries round to the tune of $250 million in Zepto. Edelweiss and Hero Fincorp will participate in the round, too.
BUSINESS
Porter raises $200 million from Kedaara and Wellington Management; Peak XV Partners exits
The primary portion that Porter will get in its coffers is around $50-80 million, the rest $120-150 million will be the secondaries component, a source told Moneycontrol.
BUSINESS
Flipkart plans new startup within company, VP and CoS Ashish Vijayvergiya to head operations
The initial plan was for Ashish to start a fantasy gaming platform, but the ideas are still evolving so it is not clear if that will be the final form of the business
BUSINESS
MC Exclusive: PM Modi meets Adobe, YouTube, Instagram and India Inc chiefs at WAVES; discusses AI, copyright
A key concern raised during the meeting was the threat of copyright infringement posed by AI tools — an issue that has roiled global creative and tech circles.
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
Infosys terminates 195 more trainees at Mysuru campus; 250 dismissed so far take up upskilling opportunities
This represents the fourth round of exits at the Bengaluru-based software giant, bringing the total number of affected trainees to approximately 800 since February.
BUSINESS
LTIMindtree CEO sees slowdown in discretionary spend-driven transformation programmes
The IT services firm is prioritising margin improvement, developing agentic AI use cases, and capitalising on the rising demand from global capability centres (GCCs), at a time of leadership shift from CEO Debashis Chatterjee to incoming chief Venugopal Lambu.
BUSINESS
Ultrahuman in talks to raise over $120 million from WestBridge Capital, others
Ultrahuman is firming up a new round after its talks with SoftBank for a $40 million fundraise did not go through. The ongoing discussions potentially value the company at around $550-600 million, sources told Moneycontrol.
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
Kedaara Capital, others negotiate deal to invest over Rs 500 crore in The Sleep Company
The Sleep Company is being valued at around $400 million, or about Rs 3,400 crore during the current negotiations, one of the persons cited above told Moneycontrol, a significant jump from $200 million in 2023.
BUSINESS
Zomato rejig: Rakesh Ranjan to step down as food delivery chief, CEO Deepinder Goyal to run operations
This is part of a scheduled shuffle that happens at Zomato every two years as it makes different senior executives lead separate verticals from time to time, sources told Moneycontrol. A few weeks ago, Zomato's food delivery COO Rinshul Chandra also quit the company.
BUSINESS
Flipkart board asks CEO Kalyan Krishnamurthy to slash spending as monthly cash burn hits $40 million
CEO Krishnamurthy has been tasked to cut the company’s cash burn to around $250 million a year, at a time when Flipkart has to become more aggressive with new business units, especially Flipkart Minutes, its quick-commerce arm.
BUSINESS
Infosys lets go off 240 more trainees who failed tests, offers free upskilling
Infosys has also extended free training to around 326 trainees who were let go in February after failing the assessment tests
BUSINESS
Why was UPI down for a few hours over the weekend
NPCI has advised banks and their partners to use transaction success checks only a limited number of times and at a specified frequency instead of flooding the system
TECHNOLOGY
This moment in AI is something that you just cannot miss: Perplexity’s Aravind Srinivas
In an interview with Chandra R. Srikanth from Moneycontrol, Srinivas delved into the fast-evolving landscape of AI innovation, India’s potential to build a strong deep-tech ecosystem, and tweaking Perplexity’s pricing for the Indian market.
BUSINESS
Deferring wage hikes prudent in current business environment: TCS CHRO Milind Lakkad
About 40 percent of freshers hired in FY25 had niche digital skills, including AI, compared to 17 percent hired in FY24, TCS CHRO has said
BUSINESS
Goldman Sachs-backed MoEngage to shift domicile to India ahead of possible IPO
The SaaS firm is evaluating a reverse flip to tap India’s favorable IPO environment, where listing thresholds are more startup-friendly.
BUSINESS
Rising Bharat 2025: I don’t plan Perplexity for more than three months, says CEO Aravind Srinivas
Srinivas also highlighted the challenge of building AI-native products and the balance between generality and user specificity.
BUSINESS
Rising Bharat Summit 2025: Tech-led trust helped us crack tier 2 & 3 India, says InsuranceDekho’s Aman Batra
InsuranceDekho is now looking to leverage technology to customise products by analysing the profile of customers.
TECHNOLOGY
GitHub COO Kyle Daigle on 'vibe coding' and why one should still learn to code in the AI era
In an interview, GitHub COO Kyle Daigle also spoke about what’s next for the Microsoft-owned developer platform and the future of AI-powered programming
