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Blinkit contributes more to Zomato’s market cap than its food delivery biz: Goldman Sachs

Blinkit boosts Zomato's value surpassing its food delivery business. Blinkit’s implied value is Rs 119 per share, while Zomato’s food delivery business is valued at Rs 98 per share.

Capria Ventures announces final close of India Opportunity Fund at Rs 153 crore

Tech & Internet

Tata Electronics building hi-tech machines to make iPhone casing

Tech & Internet

PayU's Wibmo building full payment gateway solutions

PayU's Wibmo building full payment gateway solutions

Information Tech (IT)

Mphasis Q4 profit dips 2.9%, revenue falls 5.2%

Mohit Gupta, Mukesh Bansal’s Lyskraft raises $26 million in seed funding

Former Zomato executive Gupta will steer the venture as CEO, Bansal to stay away from operations. The fashion startup will focus on offline play in the premium women's wear fashion category and expand into other lifestyle segments later.

Koo halts salary payments from April; founder says company 'will remain operational'

Koo cofounder Mayank Bidawatka had first said in September 2023 that the company was looking to raise funds or tie up with a strategic partner to scale operations amid a funding winter. But the talks have taken longer than expected to succeed.

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Will Wipro's fortunes reverse under a new CEO?

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Capria Ventures announces final close of India Opportunity Fund at Rs 153 crore
Capria Ventures concluded the Rs 153 crore fundraising for the India Opportunity Fund. The fund, which had invested in Awign in February last year, will return more than 20% of the invested capital to its limited partners or sponsors in funds.
RBI orders Talkcharge Technologies to stop issuing prepaid wallets
The regulator has cautioned users that it has not ordered them to return the cashbacks they earned from the company, but has asked the latter to return customer funds held in its wallets.
FirstCry set to withdraw $500 million IPO papers after regulatory scrutiny
Koo halts salary payments from April; founder says company 'will remain operational'

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FirstCry to refile IPO papers; Lyskraft’s mega seed funding

FirstCry to refile IPO papers; Lyskraft’s mega seed funding

Happy Friday! Omnichannel retailer FirstCry will refile its IPO papers following queries from Sebi. This came right on the back of Swiggy’s $1.25 billion proposed IPO receiving shareholder nod. This and more in today’s ETtech Morning Dispatch.

26 Apr, 2024

Shareholder nod for Swiggy’s $1.25 billion IPO; Koo halts salaries

Shareholder nod for Swiggy’s $1.25 billion IPO; Koo halts salaries

Online food delivery major Swiggy has received shareholder approval to go public. This and more in today’s ETtech Top 5.

25 Apr, 2024

Lenskart's $200-million secondary; Wipro’s Delaporte’s golden handshake

Lenskart's $200-million secondary; Wipro’s Delaporte’s golden handshake

Happy Thursday! Singapore investor Temasek and US-based fund Fidelity are preparing for a $200-million funding round in Lenskart along with Fidelity.

25 Apr, 2024

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Tesla's plan for affordable cars takes page from Detroit rivals
Tesla's new strategy focuses on offering more affordable models using existing platforms, steering away from the Model 2. The shift mirrors traditional automakers, sparking investor optimism despite concerns about execution risk.
Elon Musk's X says posts of Australia bishop stabbing don't promote violence
Elon Musk's platform X resists ban on bishop stabbing video, sparking debate. Musk criticizes officials over alleged eSafety rule plot. Teen charged in attack, leading to police raids for extremist material.
US-India Business Council launches AI task force with Meta as co-chair
ByteDance prefers TikTok shutdown in US if legal options fail: report

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Blinkit contributes more to Zomato’s market cap than its food delivery biz: Goldman Sachs
Blinkit boosts Zomato's value surpassing its food delivery business. Blinkit’s implied value is Rs 119 per share, while Zomato’s food delivery business is valued at Rs 98 per share.
- Pine Labs' Setu names former SAP executive Anand Raisinghani new CEO
- 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
  This comes just weeks after the union cabinet approved a Rs 10,371.92-crore India AI Mission. This mission looks to build and strengthen AI computing infrastructure in India of at least 10,000 graphics processing unit (GPUs) through public-private partnerships in five years.
- Tata Digital CEO steps up focus on lowering costs

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