Page 2 - Deepsekhar Choudhury

Sequoia to harden compliance amid trouble in India, SE Asian portfolio cos

The VC fund will undertake governance trainings for founders and senior management, implementation of whistleblower policies, more independent board representation

Only 9% of India's semiconductor needs fulfilled locally in 2021: IESA

The Indian semiconductor market was valued at $27 billion in 2021 and is expected to grow at a healthy CAGR of 16% from 2019 to 2026 to reach $64 billion in 2026, says IESA report

Ready to manage 10 mn concurrent users in IPL: Dream Sports CTO Amit Sharma

'We implemented data-driven engineering with ML, AI and analytics across all our brands at Dream Sports very early in our automation journey', said Sharma

Rapido raises $180 mn at $830 mn valuation in funding round led by Swiggy

Swiggy's investment will leverage the synergies between the two companies to unlock more opportunities for delivery executives and captains across both fleets

Under fire from restaurants, Zomato pushes food policy deadline to May 3

Zomato added that it would work closely with its restaurant partners to establish the genuineness of any complaint received

Restaurants oppose Zomato's 'draconian' food quality policy

Budget restaurants and small cloud kitchens may be hit the hardest; NRAI to highlight concerns in a letter to Zomato management

WhatsApp to bet big on payments in India after NPCI nod for 100 mn users

Monthly volume of transactions has stagnated on the platform in the past six months, but value of transactions has doubled

WhatsApp building new feature to organise groups for businesses, school

Admins will be able to remove errant or problematic messages from everyone's chats

Ola bets on 10-minute delivery promise, but experts sceptical

Finger in too many pies? Market doesn't reward confusing narrative, they say

PE inflows to real estate sector shrank 32% in FY22, says Anarock

Sans portfolio deals, average ticket size reduced to $93 million

Had to pivot many times due to changing rules: NTT Data Payments Svcs CEO

In a Q&A Dewang Neralla dwells on the journey of being an early mover in fintech, innovation in payments and leveraging its data

SaaS start-up Zipy raises $2.8 mn in seed funding led by Blume, Together

Founded in 2020 by Vishalini Paliwal, an IIT Roorkee graduate & product engineering veteran, Zipy helps software teams to proactively identify, prioritise & debug critical customer issues in real time

Irina Ghose named Microsoft India COO as Rajiv Sodhi gets global role in US

A Microsoft veteran for over two decades and a diversity and inclusion champion, Ghose has held a variety of strategy and sales leadership roles, most recently leading cloud solutions in India

DBT-backed Epygen to start trials on Covid vaccine below Rs 150 a shot

Indian biopharma company to initiate Phase-I and Phase-II trials, plans fundraise of Rs 200 crore of funding for third phase of trials

Magenta to deploy over 1,000 cargo EVs in Bengaluru within next few months

The overall plan is to deploy and operate 2,400 EVs in its fleets at Bengaluru, Hyderabad, Mumbai & Chennai this calendar year

Financial firm MyShubhLife raises Rs 100 cr in Series-B funding from Gojo

The company said it would utilise the funds to further expand its footprint with more corporate and large platform partnerships, invest in technology and enlarge its talent pool

Paytm integrates govt service to give access to 2,100 blood banks pan-India

Paytm's app also offers access to public health services and Covid vaccines & booster registration, online medicine orders, doctor consultation, lab test booking and health insurance

Coinbase halts UPI payments for crypto within three days of India launch

The company, however, declined to comment on the matter

Govt creates task force to boost capacity in Animation and Gaming sector

The task force will be headed by I&B Secy, will submit first action plan within 90 days

BharatPe FY22 revenue grew four-fold to $100 mn, monthly cash burn at $4 mn

The fintech unicorn said its annualised TPV has grown 2.5x over the year-ago period to $16 billion at the end of the March quarter