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Top technology & startup stories of the day

Just three months after joining the ride-hailing firm, Ola Cabs CEO Hemant Bakshi has called it quits. Details on this and more in today’s ETtech Top 5.

Tech & Internet

Ola Cabs CEO Hemant Bakshi resigns; company to layoff 200 employees

Tech & Internet

Financial Times, OpenAI sign content licensing partnership

Musk in China: Tesla clears data security, full self-driving hurdles for locally-made cars

Musk in China: Tesla clears data security, full self-driving hurdles for locally-made cars

CII brings out new corporate governance charter for startups

Customer loyalty startup Reelo raises $1 mn from Gokul Rajaram

Ahmedabad-based startup Reelo, backed by Gokul Rajaram, raised $1 million. In addition to loyalty programmes, Reelo offers customer acquisition solutions like referral programmes and smart QR codes.

Tech & Internet

Sales glut, sweat and tears: For ecommerce, heat wrings out the worst of worries

Temperatures are a health hazard, erode delivery teams; companies are struggling to meet summer demand. Experts say extreme weather conditions will continue to drive unpredictability and increase absenteeism among gig workers.

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Will Wipro's fortunes reverse under a new CEO?

Tech Trending: Samsung Galaxy S24 world coin crypto Sam Altman News Sam Altman OpenAI Greg Brockman ET Soonicorns Summit 2023 Live Byjus private equity funds Zomato Indore video Krishna Raghavan ChatGPT revenue

Information Tech (IT)

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Startups

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CII brings out new corporate governance charter for startups
CII launched a corporate governance charter for startups, including a self-evaluative scorecard. The tool allows startups to measure their governance progress, with score changes indicating improvements in governance practices as assessed against the scorecard from time to time.
Startups in India grew over 300 times in ten years: Union Minister Jitendra Singh
India's startup ecosystem flourished under PM Modi's leadership, with significant advancements in space research and economic growth. The country showcased scientific and technological prowess, focusing on empowering the 'Amrit-Peedhi' for sustainable progress.
Former Tech M India business head quits to set up AI startup
India’s deep tech startups filed more than 900 patents since 2008: Nasscom report

Tech Newsletters

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Ola Cabs CEO quits; Elon Musk scores big win in China

Ola Cabs CEO quits; Elon Musk scores big win in China

Just three months after joining the ride-hailing firm, Ola Cabs CEO Hemant Bakshi has called it quits. Details on this and more in today’s ETtech Top 5.

29 Apr, 2024

Summer heat takes toll on gig workers; the rise of Airchat

Summer heat takes toll on gig workers; the rise of Airchat

Happy Monday! A shortage of delivery executives amid soaring temperatures is becoming a major concern for ecommerce companies. This and more in today’s ETtech Morning Dispatch.

29 Apr, 2024

Startup twists & turns on IPO street; and other top tech and startup stories this week

Startup twists & turns on IPO street; and other top tech and startup stories this week

Food and grocery delivery company Swiggy on Friday confidentially filed its draft documents for an initial public offering (IPO) with stock market regulator Securities and Exchange Board of India (Sebi), sources told us.

27 Apr, 2024

SLIDESHOWS

Funding

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Tech & Internet

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AI startup Blaize raises $106 million in funding
AI firm Blaize secures $106M funding from multiple investors. No valuation disclosed. Interest in AI sector grows post OpenAI's ChatGPT launch. Blaize plans SPAC deal with BurTech Acquisition.
Investcorp to acquire NSE's technology services business
Investcorp is active in the mid-market private equity space in India and has invested across the consumer tech, healthcare, financial services, retail, SaaS, e-commerce, and technology sectors.
Ola Cabs CEO Hemant Bakshi resigns; company to layoff 200 employees
EU to probe Meta over handling of Russian disinformation: report

The Catalysts

Tech Bytes

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Swiggy confidentially files draft IPO papers for $1.25 billion public listing
Swiggy, which secured a nod from its shareholders for a $1.25 billion public listing earlier this week, has made the filings through Sebi’s confidential route.
- Blinkit contributes more to Zomato’s market cap than its food delivery biz: Goldman Sachs
- Pine Labs' Setu names former SAP executive Anand Raisinghani new CEO
  API infrastructure company Setu, affiliated with merchant-focused digital payments firm Pine Labs, announced the appointment of Anand Raisinghani as its new CEO. With over two decades of experience, Raisinghani previously served as Vice President and Head of Professional Services at SAP India, and has worked with tech giants like Equifax, IBM, and Wipro. He will collaborate closely with Setu's co-founder Nikhil Kumar.
- Fujifilm charts a mid-market route to boost its India printer business
  Japanese office and business solutions company Fujifilm Business Innovation entered the market in 2021 and its focus so far has been on high-end commercial and office printing products.
- AI compute mission best served by marketplace model, say experts

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