2025-07-27
TCS to lay off ~12,000 employees => TCS CEO K Krithivasan clarified that the layoffs were not triggered by AI replacing jobs but were based on strategic feasibility and skill alignment. => Employees allege forced resignation. Source: Moneycontrol [image]
Moneycontrol
Indian software services provider Tata Consultancy Services plans to cut 2% of its global workforce, or about 12,000 employees, by March 31, 2026
In an interview with Moneycontrol, TCS CEO K Krithivasan described the decision as one of the toughest he has faced, calling it a necessary step to build a stronger, future-ready c...
2025-06-29
Binny Bansal invests $20 Mn in e-commerce OS startup ShopOS => ShopOS is developing an AI platform to help brands easily build & manage online stores. => It was founded by Sai Krishna V K and Ajay P V, who earlier co-founded Scapic, a tech platform acquired by Flipkart in 2020.
Moneycontrol
Bengaluru-based ShopOS, whose AI agents help automate content creation, marketing, and site management for e-commerce brands, raised $20M from 3State Ventures
The Flipkart co-founder is betting on a new AI-native OS for brands, built by his former team at Scapic and Flipkart Labs
2024-05-01
While PharmEasy's travails have been well documented, especially post the acquisition of Thyrocare by it, the latest fundraising should put at rest any lingering doubts about the future of the firm. via @entrackr https://entrackr.com/...
Entrackr
Filing: API Holdings, the parent company of Indian online pharmacy PharmEasy, raises $216M at a $710M valuation, down ~90% from its $5.6B peak valuation in 2021
2024-01-27
Just in: Binny Bansal officially exits Flipkart In September, Walmart spent $3.5 billion to acquire Flipkart's remaining stakes from its backers Accel Partners, Tiger Global and the e-commerce marketplace's co-founder Binny Bansal.
TechCrunch
Co-founder Binny Bansal steps down from Flipkart's board, after selling his entire stake in the company, which was acquired by Walmart in 2018, in recent years
Manish Singh / TechCrunch :
2023-12-29
FirstCry files IPO papers => To raise Rs 1,816 crore ($218 Mn) via fresh issue => SoftBank, Mahindra & Mahindra Ltd, TPG Growth, NewQuest to sell their stake FY23 results ▪️Rev: Rs 5,632 Cr ▪️Loss: Rs 486 Cr Q1 FY24 ▪️Rev: Rs 1,406 Cr ▪️Loss: Rs 110 Cr
TechCrunch
Filing: FirstCry, India's biggest e-commerce platform for mother and baby products, aims to raise $218M in its IPO; source: the startup wants a ~$4B valuation
Manish Singh / TechCrunch :
2023-10-04
This is a significant development for the fintech industry, which has been going through a tough phase. Following the notification of RBI in June 2022, Slice has switched from providing credit lines through its app to term loans Read more via @entrackr https://entrackr.com/...
TechCrunch
Bengaluru-based fintech Slice, which was valued at ~$1.5B in 2022, secures a rare approval from India's central bank to merge with North East Small Finance Bank
Manish Singh / TechCrunch :
2023-09-24
PhonePe announces launch of Indus Appstore developer platform [image]
TechCrunch
Walmart-backed PhonePe, which leads India's UPI-based payments market, launches the Indus AppStore on Android and promises no platform fees or IAP commission
PhonePe launched the Indus AppStore Developer Platform on Saturday, promising zero platform fee and no commission on in-app purchases …
2023-06-19
Breaking: Healthtech startup Mojocare lays off ~170 employees within a year of $20.6 Mn fundraise Investors: B Capital, Chiratae, Sequoia Surge, Better Capital
TechCrunch
Investors in Bengaluru-based Mojocare say they found “financial irregularities” at the health care startup, which has raised ~$23M from Sequoia India and others
Before this, almost half a dozen Sequoia portfolios such as BharatPe, GoMechanic, Zilingo, Trell, Byju's were under scrutiny for financial irregularities. Mojocare denied commenting on the story. via @entrackr https://entrackr.com/...
TechCrunch
Investors in Bengaluru-based Mojocare say they found “financial irregularities” at the health care startup, which has raised ~$23M from Sequoia India and others
Mojocare spokesperson said, “Despite our best efforts, our business fundamentals have not worked out over the past few months. In order to prioritize profitability and sustainability, we must revert to operating as a small yet robust team.” Via @entrackr https://entrackr.com/...
TechCrunch
Investors in Bengaluru-based Mojocare say they found “financial irregularities” at the health care startup, which has raised ~$23M from Sequoia India and others
2022-05-17
Paytm Mall's valuation drops from $3 Bn to $13 Mn as Ant and Alibaba exit. The firm sheds almost 99.5% of its valuation that it built since 2017. Story via @entrackr https://entrackr.com/...
Entrackr
Paytm Mall, the e-commerce arm of Paytm, loses Alibaba and Ant Financial as investors, and its valuation drops from $3B to $13M
As Paytm Mall joins the government-backed e-commerce platform, the Open Network for Digital Commerce or ONDC, the firm sheds almost 99.5% of its valuation that it built since 2017.
2022-03-22
Consumers can now order the same products at a discounted price on Meesho compared to the price Pooja (a reseller) offered which included her margins. She's now being confronted by angry friends and relatives who feel cheated. Story by @VarshaaBansal https://entrackr.com/...
Entrackr
India's Meesho, which started as a social commerce platform in 2015, pivoted to direct selling in 2021, affecting many of its resellers who have lost customers
Varsha Bansal / Entrackr : Tweets: @malpani , @iankursingh , @neeleshmisra , @sureshnakhua , @varshaabansal , @upadhyay_harsh1 , @entrackr , @varshaabansal , @arpitahindu , and @n...
2021-07-09
Tiger Global leads $100 Mn+ round in Spinny ▪️ The Gurugram-based firm has raised more than $210 Mn in the last 16 months => $100 Mn+ Series D in July => $65 Mn Series C in April => $43.7 Mn Series B in March 2020 Story at .@entrackr https://entrackr.com/...
Entrackr
Indian used car marketplace Spinny raises $100M+ Series D led by Tiger Global, bringing its total raised to $220M+
Full-stack used car retailing platform Spinny has raised over $100 million in its Series D round led by Tiger Global. The fresh round has come after a small gap of three months …
2020-05-20
Khatabook raises $60 Mn in Series B at $275-$300 Mn valuation 🔹Total fund raised: $87 Mn 🔹8 Mn active merchants from 700+ districts 🔹Adds $200 Mn worth of transactions/day 🔹910K DAU ( Paytm: 520K, OkCredit: 352K, PhonePe: 231K, BharatPe:120K) via https://techcrunch.com/... https://twitter.com/...
TechCrunch
Khatabook, which helps small Indian businesses digitize bookkeeping and accept payments online, raises $60M led by B Capital; source: startup valued at ~$300M
think of neighborhood stores — are still offline in the country.” Khatabook is trying to change that and just raised $60M to do so, via @refsrc https://techcrunch.com/...