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1 month ago | 
flipboard.com | Vaibhavi Khanwalkar |Ajay Rag
6 hours agoPerplexity CEO says its browser will track everything users do online to sell ‘hyper personalized’ adsPerplexity doesn’t just want to compete with Google, it apparently wants to be Google. CEO Aravind Srinivas said this week on the TBPN podcast that one reason Perplexity is building its own browser is to collect data on everything users do outside of its own app.
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1 month ago | 
flipboard.com | Ajay Rag
9 hours agoTruck drivers in India provide an essential service to villagers in the Himalayas when they transport food, water, and medicine to remote regions. But the crucial work comes at a deadly cost.
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2 months ago | 
economictimes.indiatimes.com | Ajay Rag
Synopsis Overvalued acquisitions, financial mismanagement, and unmet promises have led to founders buying back brands at a fraction of the original price, raising doubts about the sustainability of the roll-up model. This has triggered a wave of legal disputes and financial restructuring in the industry.
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Oct 30, 2024 | 
economictimes.indiatimes.com | Ajay Rag
Swiggy has set the price band for its Rs 11,300 crore initial public offering ( IPO ) at Rs 371-390 per equity share of the face value of Re 1, according to an announcement by the Bengaluru-based Food and grocery delivery company on Wednesday.The IPO will be open for subscription from November 6-8.ET had reported on Monday that Swiggy would issue shares within this price range.
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Oct 30, 2024 | 
economictimes.indiatimes.com | Ajay Rag |Digbijay Mishra
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Oct 29, 2024 | 
economictimes.indiatimes.com | Ajay Rag
As pet parenting in India evolves, with pets now recognised as family members and discretionary spending on them rising due to the quick-commerce frenzy, fashion products for dogs and cats are carving a spot in people’s festive season shopping budgets.Sales of pet fashion products have doubled this festive season compared to business as usual, with quick-commerce and ecommerce platforms pushing more pet parents to explore festive-themed offerings for their beloved animals, industry executives...
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Oct 27, 2024 | 
economictimes.indiatimes.com | Ajay Rag
Consumer appliances maker Atomberg Technologies reported a 31.4% increase in operational revenue to Rs 848 crore for 2023-24 from Rs 645 crore in the previous financial year.However, its net loss widened about 46.3% to Rs 202 crore from Rs 138 crore during this period.The company’s cofounder Sibabrata Das told ET that losses increased over the past two financial years due to fresh employee stock ownership plan (ESOP) grants, management bonuses and fundraising expenses.
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Oct 14, 2024 | 
economictimes.indiatimes.com | Ajay Rag
ETtechJetapult cofounders Sharan Tulsiani (left) and Yash Baid with UMX Studio CEO Ali Alharbi (middle)Bengaluru-based gaming investment company Jetapult, backed by the likes of Accel and Fireside Ventures, has taken the majority stake in Saudi Arabia-based game developer UMX Studio through an all-cash transaction of $4.5 million (about Rs 37.8 crore). It marks the company’s first investment in the Middle East and North Africa (MENA) region.
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Oct 13, 2024 | 
economictimes.indiatimes.com | Ajay Rag
ETtechEarly-stage startups are up against stronger filters for their next round of funding than before as the downturn in risk capital investing has investors taking a harder look at some of the ventures they funded. A new study by data analytics platform Venture Intelligence showed only one in four startups that secure seed funding manage to raise follow-on capital in the form of a Series A round. In the last 12-15 months, several startups have been shuttered for the lack of product market fit.
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Oct 10, 2024 | 
economictimes.indiatimes.com | Ajay Rag
ETtechContent-to-commerce firm Good Glamm Group on Thursday said it has completed the acquisition of feminine hygiene brand Sirona for Rs 450 crore in an all-cash deal. The deal—which was partly closed in 2022—had faced legal scrutiny after founders and investors of Sirona issued notices to Good Glamm for not finalising the acquisition as per their original agreement. In 2022, Good Glamm announced the purchase of a partial stake in Sirona for Rs 100 crore.
