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Top tech and startup stories of the day

The stock market regulator has greenlit coworking startup Awfis’ IPO plans. Details on this and more in today’s ETtech Top 5.

Tech & Internet

PayU gets in-principle nod from RBI to be payment aggregator

Tech & Internet

Karnataka HC directs govt to protect bike taxi services

Tech & Internet

ET Explainer: Microsoft’s new image-to-video AI model VASA-1

ET Explainer: Microsoft’s new image-to-video AI model VASA-1

Tech & Internet

NCLT adjourns hearing in Byju’s rights issue case to June 6

Tech & Internet

Razorpay launches UPI switch in partnership with Airtel Payments Bank

Razorpay said this infrastructure can handle up to 10,000 transactions per second, at any given time, and enable five times faster access to UPI innovations for businesses.

Spotify's monthly user numbers miss estimates on lower promotions

First-quarter MAUs rose 19%, but missed Spotify's own guidance and a median of analysts' forecasts of 618 million. It also forecast current-quarter MAUs at 631 million, missing estimates of 636.3 million, according to IBES data from LSEG.

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Will Wipro's fortunes reverse under a new CEO?

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Spotify's monthly user numbers miss estimates on lower promotions
First-quarter MAUs rose 19%, but missed Spotify's own guidance and a median of analysts' forecasts of 618 million. It also forecast current-quarter MAUs at 631 million, missing estimates of 636.3 million, according to IBES data from LSEG.
Flipkart Ventures to fund, mentor GenAI-based early stage startups
Flipkart Ventures' Flipkart Leap Ahead (FLA) programme accelerates early-stage startups with USD 200,000 to USD 500,000 equity investments, mentorship from industry veterans, and a focus on GenAI solutions for hyper-growth.
WeWork to sell 27% stake in India unit via Rs 1,200 crore secondary deal
Co-living startup Homey to operate 10,000 beds in three years

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Sebi nod for Awfis IPO; Byju's NCLT saga continues

Sebi nod for Awfis IPO; Byju's NCLT saga continues

The stock market regulator has greenlit coworking startup Awfis’ IPO plans. Details on this and more in today’s ETtech Top 5.

23 Apr, 2024

Combating OTP frauds; Ather’s new funding round

Combating OTP frauds; Ather’s new funding round

Happy Tuesday! The government is working with SBI Card and telecom companies to tackle the menace of OTP-based online payment frauds. More on this in today’s ETtech Morning Dispatch.

23 Apr, 2024

Exclusive: WeWork Inc to sell entire stake in India unit

Exclusive: WeWork Inc to sell entire stake in India unit

US office sharing company WeWork is selling its 27% stake in the India unit via a secondary deal. We have this evening scoop and more in today’s ETtech Top 5.

22 Apr, 2024

SLIDESHOWS

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Tech & Internet

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PayU gets in-principle nod from RBI to be payment aggregator
In 2022, the central bank had banned payment aggregators, including PayU, and restricted them from onboarding new merchants to its platform.
Karnataka HC directs govt to protect bike taxi services
This petition comes after reports of unrest and clashes between auto drivers and bike taxi operators, and a ban on bike taxis was one of the major demands of the auto unions.
Australia's spy boss seeks more co-operation from big tech in hunt for extremists
Google invests $640 million in new data centre in Netherlands

The Catalysts

Tech Bytes

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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
- 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
  Naveen Tahilyani, handpicked by Tata Sons chairman N Chandrasekaran from the group's insurance business Tata AIA Life Insurance, has been tightening spends at the digital ecommerce entity and bringing a more data-driven operational strategy to the table. Since his appointment in February, Tahilyani has been guided closely by Chandrasekaran, who is keen to push Tata Neu.
- Want to invest in SpaceX or Stripe? There's a fund for that

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