TECHNOLOGY
Ola, Uber challenger Namma Yatri in talks to raise $10-15 million in its first funding round
The firm is in talks with Blume Ventures, Singapore-based Antler as well as Google, according to sources in know of the developments.
TECHNOLOGY
Small brands are left high and dry in the ‘space race’ of quick commerce
For every brand that manages to list on quick commerce platforms like Blinkit, Instamart and Zepto, there are roughly eight brands that don't make the cut. Yet, it is a high stakes game that no one can afford to lose.
TECHNOLOGY
Tata Digital CEO Naveen Tahilyani focuses on profitability, technology in first townhall
In his first ‘Neu Huddle’ with employees across three cities, Tata Digital CEO Naveen Tahilyani congratulated the team about their achievements in FY24 such as improving the Tata Neu app’s user ratings and driving the growth of its loyalty programme.
TECHNOLOGY
Vijay Shekhar Sharma-backed PaiPai app was mistakenly launched, removed now
‘While we can't confirm its relaunch now, we're focused on improving our platform through experimentation and feedback,’ says Pai Pai spokesperson
TECHNOLOGY
Tata Neu starts food delivery via ONDC in Bengaluru, Delhi-NCR; pan-India launch by mid-May
The idea behind the entry into food ordering is to develop a ‘high-frequency use case’ to bring consumers back to the Tata Neu app regularly
TECHNOLOGY
Tatas look to attract chip manufacturing talent from Taiwan
The salt to steel conglomerate's fab in Gujarat and chip packaging plant in Assam are expected to create 47,000 skilled jobs.
TECHNOLOGY
Paytm founder Vijay Shekhar Sharma-backed Pai Platforms launches separate ONDC shopping app
While Paytm does not own any shares in Pai Platforms, the 'PaiPai' app has been developed by the fintech major's parent entity One97 Communications
TECHNOLOGY
Taiwan tremors, chip disruption won’t move electronics prices in India, says industry
“It's time to share the load of Taiwan semiconductor industry. We need more hubs around the world for semiconductor manufacturing,” says India Semiconductor Mission official
TECHNOLOGY
ONDC monthly retail purchases surge sixfold in six months, reaching 3.6 million in March
The total number of transactions on the network in March reached 7.7 million, which includes 4.1 million ride-hailing bookings on the Namma Yatri app.
TECHNOLOGY
Indian EVs were blowing up because of cheap laptop chips in battery: NXP tech chief Lars Reger
NXP chief technology officer Lars Reger opens up about India's growing heft in chip design, EVs catching fire because of wrong chips, how Wall Street hyped up autonomous vehicles, and more
TECHNOLOGY
Byju's extends olive branch to dissenting investors, gives 72 hours to participate in rights issue
Byju's floated a rights issue in January to raise $200 million at an enterprise valuation in the range of $220-250 million which is a 99 percent reduction in its peak valuation of $22 billion
TECHNOLOGY
Zomato-backed Magicpin, Domino's amp up food delivery discounts on ONDC
Flash sales and free deliveries on ONDC food orders amid IPL season
BUSINESS
How the government's GPU for startups programme could be structured
Pramod Verma, former chief architect of India's digital identity programme Aadhaar, said the government faces challenges in traditional procurement because of time-consuming bureaucratic and logistical issues.
BUSINESS
AI will help India become the front office where value is created: NVIDIA's Jensen Huang
NVIDIA is interested to participate in India AI mission's plan to procure 10,000 GPUs for domestic startups and researchers, says Huang
TECHNOLOGY
GTC24: Blackwell GPUs, quantum cloud, robotic AI and everything else NVIDIA's Jensen Huang unveiled
NVIDIA GTC 2024: Around 12,000 developers, startup founders, venture capitalists, and big tech executives sat in rapt attention as the chief of one of the most important corporations of the age of artificial intelligence spoke for a straight two hours.
BUSINESS
ONDC starts pilot to onboard street food vendors in Delhi, Lucknow
ONDC's plan is to scale up the network nationwide with more seller and buyer apps. The pilot has already started in Delhi with two street vendors in the Saket locality onboarded through Zomato-backed Magicpin.
TECHNOLOGY
India might soon be making 1.8 lakh semiconductor wafers per month: Rajeev Chandrasekhar
This number includes the Tata Group's Dholera fab that will build up a manufacturing capacity of up to 50,000 wafers per month. The foundation stone of the fab was laid today by Prime Minister Narendra Modi.
TECHNOLOGY
Made-in-India chips will propel nation towards Atmanirbharta and Adhunikta: PM Narendra Modi
The 21st century is a tech driven century and you can't imagine it without chips, says Prime Minister Narendra Modi
TECHNOLOGY
Peak XV announces launch of a perpetual fund to 'create a culture of high accountability' with investors
Sources said that this permanent capital vehicle will have the Peak XV team's own capital and not raise any cash from LPs
TECHNOLOGY
Sanjeev Bikhchandani's anti-portfolio: Flipkart, Ola, BigBasket, Snapdeal
In the startup world, the term 'anti-portfolio' refers to the companies an investor declined to back in the early stage which later went on to become big successes.
TECHNOLOGY
IPO-bound Ather Energy expects growth to return in FY25, following subsidy shock in FY24
Ather Energy CEO Tarun Mehta said that the first profits in the nascent two-wheeler EV sector could be realised in FY26.
BUSINESS
Next version of India's semiconductor scheme to focus on chip design: Ashwini Vaishnaw
Union Minister says semiconductor programme to be expanded and the government will support fab equipment manufacturers and suppliers of chemicals and gases to chipmakers
TECHNOLOGY
Ashneer Grover alleges 'one-sided' investigation, 'wild goose chase' by Economic Offences Wing of Delhi Police
Former BharatPe managing director urges EOW to stop ‘wild goose chase’ after investigating agency declines to remove lookout circular. Grover had plans to travel to UK, UAE and Thailand
TECHNOLOGY
Meta mulls setting up first data centre in India to boost Reels
If Meta goes ahead with setting up its first data centre in India with a capacity of 10-20 MW, the investment in the project could range from Rs 500 crore to Rs 1,200 crore.
