STARTUP
Ronnie Screwvala's UpGrad in talks to acquire Unacademy for $300- $400 million
The move follows Unacademy’s leadership transition, with co-founder Sumit Jain heading test prep, and Gaurav Munjal and Roman Saini set to lead AirLearn independently.
BUSINESS
Zepto’s meat business CEO Chandan Rungta quits, latest in a string of recent exits
Apoorv Pandey, senior vice president, strategy, and Chandresh Dedhia, VP and head of information technology at Zepto, along with other employees who have spent over three years at the startup, have also quit in recent months
BUSINESS
Top domestic mutual funds, AMCs and marquee global funds queue up for Groww IPO
At the IPO price band of Rs 95–Rs 100, Groww is valued at around Rs 62,500 crore ($7.1 billion)
BUSINESS
Startup boom in 2000s killed open-source momentum in India: Zerodha CTO Kailash Nadh
Nadh also said that open-source capability is central to national technology resilience.
TECHNOLOGY
No country can build tech capacity without open source, says Zerodha CTO Kailash Nadh
He added that modern digital systems, including those used by governments and large enterprises, are built on open-source software layers that cannot be replaced or rebuilt independently.
BUSINESS
India’s market regulator is one of the most progressive in the world: Groww’s Lalit Keshre on recent F&O curbs
Groww announced the IPO price band of Rs 95 to Rs 100, which values the company at around Rs 62,500 crore ($7.1 billion)
BUSINESS
MC Interview: No trade-offs for short-term gains: Groww CEO Lalit Keshre on IPO and long-term focus
Groww co-founder and CEO Lalit Keshre says the company won’t trade long-term focus for short-term gains. Groww’s philosophy, he insists, remains unchanged — “time in the market matters more than timing the market.”
TECHNOLOGY
India’s rapidly growing developer community a key investment area with huge potential, says Microsoft’s Jay Parikh
Microsoft-owned GitHub is pursuing a broad strategy to drive adoption of its developer platform in India, targeting students, universities, and companies, COO Kyle Daigle told Moneycontrol.
TRAVEL
India needs to up the holiday experience or it will lose to Bali, Vietnam: ixigo's Aloke Bajpai
India needs to make its holiday destinations more accessible at the last mile, ixigo co-founder said.
BUSINESS
Very discontent right now: Peyush Bansal on why there won't be a book on Lenskart and him like Zomato and Deepinder Goyal yet
While he has not decided if he will publish a book, and a name for it yet, Bansal said when he begins to work on the idea, he would title it “Vision for Billion”.
BUSINESS
Consumer companies either become global brands or won't be a brand at all: Lenskart’s Peyush Bansal
Lenskart acquired Owndays in Japan and Stellio in Spain to grow its international presence. The Middle East and regions like Singapore are key to the company’s next phase of growth, says the CEO
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.
