india

Swiggy, 2024’s biggest tech listing, falls below its IPO price and 2022 valuation

Commerce /

Indian food delivery company Swiggy’s stock fell below both its IPO price and its last private valuation as mounting losses and a wavering market position in quick commerce pressured its margins in the last quarter. The food delivery company’s stock fell as low as ₹374.80 ($4.29) on Thursday below its November IPO price of ₹390, […]

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India to launch new domain name for banks to fight digital fraud

Security /

India’s central bank is introducing an exclusive “.bank.in” domain for banks from April 2025 as part of efforts to combat rising digital payment frauds and bolster trust in online banking services. The Institute for Development and Research in Banking Technology (IDRBT) will serve as the exclusive registrar for the new domain, the Reserve Bank of

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Sprinklr cuts 500 employees, citing underwhelming business performance

Enterprise /

Sprinklr, a U.S. firm providing a customer experience management platform to global brands, has laid off about 15% of its workforce — around 500 employees — due to business performance not meeting expectations, the company confirmed to TechCrunch. The new layoffs come less than a year after the company cut about 3% of its workforce in

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Intel Capital fuels TrueFoundry’s $19M funding to help boost AI deployments at scale

Enterprise /

TrueFoundry, a startup run by a group of former Meta engineers to help enterprises deploy AI systems at scale, has raised $19 million in fresh investment led by Intel Capital. With GenAI’s emergence following the launch of ChatGPT in November 2022, enterprises of all sizes have looked at ways they could embrace AI. But GenAI

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SoftBank-backed billionaire to invest $230M in Indian AI startup Krutrim

AI /

Ola founder Bhavish Aggarwal is investing $230 million into an AI startup he founded as the country pushes to establish itself in a field dominated by U.S. and Chinese firms. Aggarwal is financing the investment in Krutrim largely through his family office, a source familiar with the matter told TechCrunch. In a post on X

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Accel backs Indian AI startup building ‘ChatGPT for presentations’

AI /

Presentations.ai, an Indian startup that uses AI to help companies quickly generate presentation decks, has raised $3 million in a seed round led by Accel to scale its software that has emerged from beta after amassing millions of users. Presentations are ubiquitous throughout a business journey — whether a large corporation or a startup —

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India expands Aadhaar authentication for businesses, raising privacy concerns

Government & Policy /

India has eased restrictions on its Aadhaar authentication service, a digital identity verification framework linked to the biometrics of over 1.4 billion people, to let businesses including those offering services such as e-commerce, travel, hospitality, and healthcare use the verification system to authenticate their customers. The update has raised privacy concerns as New Delhi has

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Shein app returns to India via Reliance deal

Commerce /

Chinese fast-fashion retailer Shein has relaunched in India through a partnership with Reliance Retail, nearly five years after it was banned amid diplomatic tensions between New Delhi and Beijing. The new Shein India Fast Fashion app, developed and launched by billionaire Mukesh Ambani’s Reliance Retail, marks a significant return to one of Asia’s largest retail

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