MoEngage raises $32.5 million funding from Multiples Alternate Asset Management, others

As part of this funding round, MoEngage also completed an Employee Stock Option Plan (ESOP) buyback of $ 1.5 million for its current and former employees.

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Credit to tech's pandemic leadership

But they have also been decisive trendsetters in keeping their workers and the rest of us safer from the virus.

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Delivery startup Gopuff valued at $15 billion after latest fundraising

Gopuff said it will use the latest funds to further expand into North America, the UK and across Europe and for hiring and making investments in technology.

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Twitter to offer 'bounty' to find algorithmic bias

The move comes amid growing concerns about automated algorithmic systems, which, despite an effort to be neutral, can incorporate racial or other forms of bias.

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Russia opens case against WhatsApp for violating personal data law

The cases are part of a wider spat between Russia and Big Tech, with Moscow routinely fining social media giants for failing to remove banned content and seeking to compel foreign tech firms to open offices in Russia.

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Elon Musk says "Epic is right," takes sides in battle with Apple

On Tesla's call with Wall Street analysts earlier this week, Elon Musk took shots at Apple, criticizing the company's "walled garden" or its tightly controlled tech ecosystem

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Indian government readying info bank for startups

The system will enable multiple agencies to access, authenticate or approve documents and data.

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Chai Waale bags Rs 5 crore from angel investors

Chai Waale is planning to set up shops in places such as metro stations and malls and is looking to add other items such as soups, momos, and an expanded range of sandwiches to its menu.

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The Great Fall

We take a closer look at the fallout -- and the mind-boggling numbers -- from China's crackdown.

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OfBusiness turns unicorn post SoftBank-led $160 million funding

B2B commerce startup valued at $1.5 billion; New capital to be used for acquisition, expansion

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New CXO hires at startups keen to ride Esop wave

Esops are now much more than the proverbial flavour of the season in startup India, with equity getting a disproportionate share in compensation packages built for top roles.

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As Covid-19 cases wane, host of startups look to increase headcount

“Our revenue doubled in the last year and we grew heavily in terms of numbers of customers and properties. With the second wave of Covid ending, we have seen a jump in customer interactions and in the next six months, we would see pent-up demand coming in our favour,” said Amit Agarwal, cofounder of the Bengaluru-based startup.

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JPMorgan acquires Tavisca, a Pune-based technology platform for travel solutions

The emergence of fintech has provided global financial services firms such as JPMorgan an opportunity to expand beyond traditional banking services and offer new unique experiences directly to consumers.

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ED summons Binance execs

In today’s ETtech Top 5 newsletter, ED pulls up Binance after WazirX in a money-laundering case, Sequoia India promotes five executives as managing directors, and NSO Group blocks access to Pegasus software for some government clients.

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Amazon hit with $886 million EU data privacy fine

The Luxembourg National Commission for Data Protection (CNPD) imposed the fine on Amazon Europe Core in a July 16 decision, the company disclosed in a regulatory filing.

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Tech Mahindra chairman highlights three areas where firm's prospects lie

Anand Mahindra, who was addressing shareholders at the 34th annual general meeting of the company, added that deep knowledge of communication was in the company’s DNA.

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ETtech Deals Digest: Gupshup, Droom raise funds this week

Conversational messaging startup Gupshup and social media platform Sharechat were among the startups that raised funds this week.

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SP Robotic Works raises $3 million in funding led by Mount Judi India Growth Fund

The capital raised will be used to strengthen and amplify the company's user base and expand its product portfolio.

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New e-comm policy to address e-marketplaces’ non-compliance: Govt to Parliament

“The new e-Commerce policy seeks to address such non-compliance,” minister of state for commerce and industry Som Parkash told Rajya Sabha, adding that traders, retailers and industry associations have made complaints that have been forwarded to relevant government agencies for necessary examination and investigation.

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NSO temporarily blocks access to Pegasus for some government clients

The suspension of client access to its Pegasus spyware is in response to the investigation by the Pegasus Project.

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ED said to probe cryptocurrency exchange Binance in betting app laundering probe

India is probing betting apps run by Chinese operators, which collected more than 10 billion rupees ($134 million) over the past 10 months, for allegedly laundering part of the money through the WazirX cryptocurrency exchange. Binance acquired WazirX in 2019.

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Delhi High Court to hear WhatsApp pleas against IT rules, CCI probe on August 27

The Delhi HIgh Court allowed requests made by counsels appearing for the Union of India and CCI seeking for a week’s accommodation in both the cases, and adjourned the hearings to the later date.

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The trick is not hitting double digit growth, it's maintaining it, say Happiest Minds' execs

"We are looking forward to adding the same number or higher number of Happiest Minds, we added 310 this quarter and our expectation is to add a similar number for the next three or four quarters," says Venkatraman Narayanan of Happiest Minds.

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Sequoia elevates five execs to managing director position

Ashish Agarwal and Harshjit Sethi from Sequoia Capital’s venture team, and Tejeshwi Sharma, Ishaan Mittal and Sakshi Chopra from the growth team will be elevated to managing-director rank.

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Google says it removed 71,132 content pieces in May, 83,613 items in June in India

In its maiden report, Google said it had received over 27,700 complaints in April this year from individual users in India over alleged violation of local laws or personal rights, which resulted in the removal of 59,350 pieces of content.

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Snapchat crashes for millions, company says fixed the bug

The app experienced a massive issue as of Thursday evening, with more than 125,000 users reporting problems on website outage tracking platform Downdetector.

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Big Tech sees social commerce as the future of online retail

Led by Facebook and its Instagram and WhatsApp subsidiaries, social media platforms — from YouTube to SnapChat and Twitter — are investing heavily in shopping features to drive revenue growth.

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LinkedIn will allow most employees to work remotely full-time

This new policy from Microsoft-owned LinkedIn is a reversal of the company's initial indication last October that employees would be expected to work from an office 50% of the time, when Covid-19 pandemic restrictions are lifted.

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Elon Musk's Neuralink raises over $200 million from Google Ventures, others

Co-founded by SpaceX and Tesla CEO Elon Musk in 2016, the San Francisco-based Neuralink will use the funds to take its first product, N1 Link, to the market, and for research and development.

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Amazon sales growth slows in tame start to Andy Jassy's tenure as CEO

Amazon's revenue was $113 billion in the April-June period, shy of analysts' average estimate of $115 billion, according to IBES data from Refinitiv. Profit rose 48% to $7.8 billion, the second-largest Amazon ever announced.

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Big Tech has outgrown this planet

Apple, Amazon, Facebook, Google and Microsoft have formed a separate universe in which they are the sun, and everyone else—billions of humans, other companies, entire countries and governments—are mere planets that revolve around them.

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GEF Capital's fund leads 3SC's $15 million funding

The company will use the money to expand operations and explore new tech-based products.

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NFTs set to crank up cricket digital collectibles business

Indian tech company Rario is launching world’s first digital collectible business for cricket

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Microsoft checks in to Oyo

Microsoft has finalised a strategic investment in Softbank-backed Oyo Hotels & Homes

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Microsoft finalises strategic investment in Oyo at $9 billion valuation

Sources told ET that the global technology major will initially buy a small stake, but it has the option to raise ownership later.

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Unacademy to issue $40 million in stock options to teachers over next few years

Typically, stock options or ESOPs are reserved for a company's permanent staff and is used as a tool to attract talent for fledgling startups and even bigger technology firms.

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Cognizant's hiring spree, Tata's telecom buy

From Cognizant's hiring plan to Tata's big acquisition and Facebook's revenue growth, here's a quick look at the top tech news today.

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Loans, taxis, education: what’s next in China’s tech crackdown?

Chinese entrepreneurs truly believed China had abandoned socialism and the Chinese Communist Party would never sacrifice China’s vibrant internet ecosystem. The ongoing tech crackdown has laid waste to that belief.

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iPhone, iPad users must update OS 'urgently', says India's top cyber agency

An advisory was issued by the Computer Emergency Response Team (CERT-In) on Wednesday.

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Sachin Tendulkar invests $2 million in JetSynthesys

Sachin Tendulkar and JetSynthesys have a joint venture called 100MB, which is a digital destination for all things cricket and immersive cricket games such as Sachin Saga Cricket Champions and Sachin Saga VR.

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Intel launches ‘AI For All’ initiative in collaboration with CBSE, Ministry of Education

Based on Intel’s AI For Citizens program, AI For All is a 4-hour, self-paced learning program that demystifies Artificial Intelligence in an inclusive manner.

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Vauld raises $25 million in funding led by Peter Thiel's Valar Ventures

Existing investors Pantera Capital, Coinbase Ventures, CMT Digital, Gumi Cryptos, Robert Leshner, and Cadenza Capital among others also participated in the round.

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Didi Global considers going private to calm China: Report

The company has been mulling delisting plans as crackdown in China widens and it has received support from cybersecurity regulators, according to the report

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Twitter shuts its reopened offices in US as coronavirus cases surge

Other Big Tech companies—including Apple, Google, Facebook and Microsoft—are making vaccination mandatory for on-campus employees, as the highly infectious Delta Covid-19 variant drives a resurgence in US coronavirus cases.

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Facebook’s future lies in virtual ‘Metaverse’, Mark Zuckerberg says

Facebook CEO Mark Zuckerberg doesn’t just want you logging in to his company’s products. He wants you living, working and even exercising inside them.

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Strata raises $6 million from Kotak Investment Advisors, others

Strata, a tech-enabled real estate investment platform, will use the funding to strengthen its technology and expand operations across India to grow its AUMs nearly fivefold by the end of the current fiscal.

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Car bodyshop Fixcraft raises $1 million for expansion, hiring personnel

Founded in October 2018 by Vivek Sharma, Abhishek Goyal and Inderjeet Rao, FixCraft provides end-to-end car-repair services—from picking up the vehicle from a customer’s location to filing insurance claims, if any, in case of an accident.

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Raising the game with creativity and competitiveness at Synamedia

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Uber shares plunge after SoftBank is said to undertake a stake sale

SoftBank's motive to offload 45 million shares of Uber Technologies Inc. is said to be unrelated to the performance of Didi Global and Alibaba. The Japanese company just thought it was a good time to cash out.

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Cognizant to hire 100,000 people from rivals to offset attrition pains

Cognizant, which has over two thirds of its employees in India, reported an attrition rate of 31% in the second quarter—the highest among peers.

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