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Oct 14, 2024 | 
economictimes.indiatimes.com | Swathi Moorthy |Manu Toms
ETtechRavi Jain, business head of Bhavish Aggarwal founded artificial intelligence startup Krutrim AI, has quit, said two people aware of the development. This marks the first top-level exit from the unicorn AI venture founded by Ola chief Aggarwal last year, and comes close on the heels of the company announcing plans to launch new products and services, such as AI chip and cloud services. Krutrim AI did not respond to ET’s email seeking confirmation of the development.
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Oct 14, 2024 | 
flipboard.com | Swathi Moorthy |Manu Toms
Ravi Jain, business head of Bhavish Aggarwal founded artificial intelligence startup Krutrim AI, has quit, said two people aware of the …
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Aug 8, 2024 | 
economictimes.indiatimes.com | Manu Toms |Joel Rebello
The Directorate General of Goods and Services Tax Intelligence DGGI ) has sent Bajaj Finance a show cause notice over alleged tax evasion of ₹341 crore.
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May 7, 2024 | 
flipboard.com | Manu Toms |Digbijay Mishra
Icon version of the Flipboard logoIndian Politics7 hours agoModi Wanted an Election Scapegoat. He’s Got Onelivemint.com - Bloomberg • 7hThe prime minister’s bid to win a third term in office is putting a target on the back of the nation’s Muslim minority.
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May 7, 2024 | 
economictimes.indiatimes.com | Manu Toms |Digbijay Mishra
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Mar 11, 2024 | 
economictimes.indiatimes.com | Manu Toms
Investments worth USD5 billion and 15,000 jobs are at stake as founders and investors of Byju’s, who are at loggerheads, are anxiously awaiting the outcome of litigations they initiated against each other. There are two different battlegrounds — Karnataka High Court and the Bangalore bench of the National Company Law Tribunal (NCLT). Byju’s promoters moved the Karnataka HC, and the investor group approached the NCLT in the last week of February.
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Mar 4, 2024 | 
economictimes.indiatimes.com | Manu Toms
“We’re the market leaders in India and our category position has been improving...Our market share has been higher than what it was when I joined, and it has been higher than probably ever. While (rival) Ola focuses on other areas...we love the ride-sharing business. Some of our competitors are distracted by shiny, new efforts and IPOs, that’s great. I’m undistracted and completely focused on the mobility business here as there’s an enormous
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Feb 26, 2024 | 
economictimes.indiatimes.com | Manu Toms |Varsha Santosh
“Single trick pony” is usually a pejorative phrase. Now flip it around. It means extreme focus. In an interview published in The Economic Times on February 26, Uber CEO Dara Khosrowshahi said that Uber’s path to profitability in India is in clear sight. “We can be profitable in India tomorrow if that was the direction I gave to the teams but based on what I see in terms of the potential, it would be a wrong move ... Short-term profits aren’t the
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Jan 31, 2024 | 
economictimes.indiatimes.com | Manu Toms
The buzz around fresh funding for Oyo became louder last week after a report that claimed Malaysian sovereign fund Khazanah Nasional was talking to the hotel-tech platform to lead a USD400 million round. Khazanah is the latest among a slew of large private equity (PE) investors that are said to have held discussions with Oyo for a funding round in the past four months. While the fundraise might still take a few more months, the newfound interest
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Jan 7, 2024 | 
economictimes.indiatimes.com | Manu Toms
Karthik Reddy, co-founder and managing partner, Blume Ventures; image credit: Special arrangementSynopsisFor homegrown seed funds, taking their investee startups to the next round, navigating the oligopoly of ten funds which dominated the Series A stage, was the hardest challenge, according to Reddy. He explains how the VC fund established itself against the odds. From a USD20 million first fund in 2011, venture capital (VC) firm Blume Ventures has come a long way.
