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 […]
Sprinklr cuts 500 employees, citing underwhelming business performance Read More »
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
Intel Capital fuels TrueFoundry’s $19M funding to help boost AI deployments at scale Read More »
Indian food delivery group Zomato plans to rename itself as Eternal, a strategic shift as its quick commerce unit Blinkit becomes a significant driver of future growth. The Gurugram-based company, which joined India’s benchmark BSE Sensex in December, said on Thursday the name change would better reflect its expanding business portfolio that includes quick commerce
India’s Zomato to rebrand as Eternal Read More »
Cashfree, an Indian payments startup that facilitates and processes more than $80 billion for its customers each year, has raised $53 million in a new round of funding as it gears up to deepen its presence in some international markets. Krafton, maker of sleeper hit titles such as PUBG and BGMI, led Cashfree’s Series C
Krafton leads Cashfree’s $53M funding at $700M valuation Read More »
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
SoftBank-backed billionaire to invest $230M in Indian AI startup Krutrim Read More »
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 —
Accel backs Indian AI startup building ‘ChatGPT for presentations’ Read More »
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
India expands Aadhaar authentication for businesses, raising privacy concerns Read More »
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
Shein app returns to India via Reliance deal Read More »
India announced a new $1.15 billion Fund of Funds for startups on Saturday while unveiling sweeping regulatory reforms and an ambitious nuclear energy program, as New Delhi seeks to boost tech innovation and clean energy in the world’s fifth-largest economy. Finance Minister Nirmala Sitharaman, presenting the federal budget for 2025-26, said the fund builds on
India pledges fresh billion for startups Read More »
Apple’s AI suite, Apple Intelligence, will soon be available in French, German, Italian, Portuguese, Spanish, Japanese, Korean, and simplified Chinese, along with localized English versions for India and Singapore. During the company’s Q4 2024 quarterly results call on Thursday, CEO Tim Cook said that the company will roll out support for these additional languages in
Apple Intelligence will support more languages from April Read More »
