TECHNOLOGY
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FlashAid raises $2.5 million in funding round led by Piper Serica Angel Fund, SOSV
Founded by Manoj Gupta and Gunjali Kothari, Flashaid is working on exclusive tie-ups with insurance companies to tailor-make products and partner...
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Prosus elevates Ashutosh Sharma to lead India, Southeast Asia market
Ashutosh Sharma appointed by Prosus to lead investments in India and Southeast Asia. He will report to interim CEO Ervin Tu and focus on new...
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IBM to buy HashiCorp in $6.4 billion deal to expand in cloud
IBM's $6.4B acquisition of HashiCorp bolsters its AI presence through cloud expansion, despite Q1 revenue missing estimates. The deal, funded by...
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Microsoft and Amazon's AI partnerships draw UK watchdog scrutiny
CMA investigates Microsoft-Mistral AI, Amazon-Anthropic partnerships, Open AI collaboration. U.S. FTC orders data from generative AI firms, cloud...
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Lenskart's $200-million secondary; Wipro’s Delaporte’s golden handshake
Happy Thursday! Singapore investor Temasek and US-based fund Fidelity are preparing for a $200-million funding round in Lenskart along with Fidelity.
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'We aren't going anywhere': TikTok to fight US ban law in courts
TikTok's CEO vowed Wednesday to fight in the courts to overturn a newly signed US law that could see the popular app banned due to allegations it...
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Zomato pilots priority deliveries, tests ‘pay later’ feature
Gurgaon-based firm Zomato is starting priority deliveries, wherein users can pay extra to get orders delivered faster. The extra charge for...
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NRC proposes technology-neutral approach for new reactor licensing
The US Nuclear Regulatory Commission is seeking public comment on a proposed rulemaking that would streamline the environmental reviews for future...
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LTIMindtree Q4 profit falls 1.2%, revenue edges up
IT services company LTIMindtree reported a consolidated net profit of Rs 1,100 crore for the March quarter, down 1% year-on-year (YoY). The profit...
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PhonePe retreats from ecommerce on ONDC; Good Glamm versus IAN
PhonePe has returned to the drawing board to review its ecommerce strategy. This and more in today’s ETtech Top 5.