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Explore news, startup funding, sector trends, and policy updates transforming the technology, media, and telecom landscape in India.

L&T Infotech, Mindtree set to merge creating fifth largest IT service provider

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06 May, 2022

L&T Infotech, Mindtree set to merge creating fifth largest IT service provider

After much speculations, Larsen & Toubro Infotech Ltd (LTI) and Mindtree Ltd announced their merger to become one entity “LTI...

TMT

06 May, 2022

Hike raises fresh capital for second time in 3 months

Hike, which pivoted from instant messaging to bet on social, gaming, and crypto earlier last year, Friday said it has ......

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Finance

06 May, 2022

Companies raise $677 mn this week; neobank Open turns unicorn

Indian startups raised $677 million (Rs 5,205 crore) from venture capital and private equity entities this week compared to $766...

People

06 May, 2022

Zomato's Deepinder Goyal donates entire $90 mn of vested ESOPs

Deepinder Goyal, online food aggregator and delivery platform Zomato’s co-founder and chief executive officer said he is...

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06 May, 2022

Jindal Worldwide enters EV space with Earth Energy acquisition

Jindal Worldwide has forayed into the electric vehicle space with the acquisition of Mumbai-based EV startup Earth Energy via...

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05 May, 2022

BlackSoil Capital completes 2x deals in FY22 year-on-year; makes 24 exits

Venture debt and alternative credit platform, BlackSoil Capital Thursday said it completed 31 deals in FY22, twice as...

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TMT

05 May, 2022

Venturi Partners may accommodate two family offices to top up $175 mn debut fund

Singapore-based investment platform Venturi Partners, which invests across India and Southeast Asia at the mid and late-stage...

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05 May, 2022

Delhivery IPO worth Rs 5,235 cr opens on May 11

Softbank-backed ecommerce logistics unicorn Delhivery is set to raise to Rs 5,235 crore ($686 million) through the much-awaited...

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05 May, 2022

Edtech unicorn Vedantu lays off 200 employees

Vedantu Innovation Pvt Ltd, which operates a live tutoring platform, has become the latest edtech startup to lay off employees...

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05 May, 2022

9Unicorns, Venture Catalysts, others invest $5 mn in Evenflow

Evenflow Brands Tech Pvt Ltd, a thrasio-style marketplace aggregator founded by former Uber executives Utsav Agarwal and Pulkit...

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