SWIGGY CTO
Global experts, CISOs, founders to converge at Accel Cybersecurity Summit in Bengaluru on July 25
The summit comes when India's cybersecurity landscape is witnessing remarkable growth, and demand for products and services is rising at a fast clip. Accel has been operating in India since 2008. The global venture capital firm said, "Accel is set to host India's largest Cybersecurity Summit in Bengaluru,"
BNPL startup Simpl undertakes another round of layoffs, rejigs senior leadership
Simpl, a Bengaluru-based consumer credit startup, laid off 30 employees after firing 160 executives. Senior executives Vatsal Jain, Ashwini Ravindranath, and Ramkumar Narayanan resigned. Earlier in April 2023, the BNPL startup let go 25% of its workforce or around 150 employees.
Mother's Day gift: Can credit card be a good gift to your mother especially when she is not earning?
Mother's day: This mother's day give her the gift of financial freedom by by taking out a credit card and giving to her. A credit card will be useful for her in many situations like in case of emergencies, household shopping, etc. A credit card will also help a non-working mother by giving her better autonomy.
Whale tank: The upscale societies where uber-rich tech and startup czars stay connected and network with one another
In Bengaluru, houses in the Billionaires' Street (Koramangala), Epsilon Villas or Adarsh Palm Retreat (APR) are owned by the likes of Sachin and Binny Bansal, Flipkart cofounders, and its CEO Kalyan Krishnamurthy along with a few Infosys co-founders and the Raveendrans. The owners of several new-age firms such as Unacademy's Gaurav Munjal, PhonePe's Sameer Nigam, Meesho's Vidit Aatrey, the Zetwerk founders dot the palm tree and Mercedes-lined APR. 'India's CTO' Nandan Nilekani, Wipro owners - the Premjis, and Rahul Dravid also own homes in Koramangala, where property rates have already built a formidable moat of exclusivity.
Swiggy Instamart VP Sidharth Satpathy exits, Amazon’s Anirban Roy to succeed
Several high-level executives have exited IPO-bound Swiggy over the last year, including senior vice president Karthik Gurumurthy, who built and headed Instamart, and former chief technology officer (CTO) Dale Vaz.
2023 Year in Review: Meet the executives who donned the founder hat
Along with executive search firm Longhouse Consulting, ET has compiled a list of high-profile executives who launched their ventures this year. Former Flipkart senior vice president Prakash Sikaria and ex-Swiggy CTO Dale Vaz are some of them.
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Bose picks up minority stake in Noise; Udaan fires over 100 employees
In what could potentially strengthen homegrown audio accessories and wearables brand Noise’s foothold in a tightly contested segment, the company has closed its first ever fundraise from global audio devices maker Bose. This and more in today’s ETtech Top 5.
Tata Tech’s blockbuster market debut; Elon Musk attacks advertisers for boycotting X
Tata Technologies made a blockbuster debut on the stock markets today, listing at an impressive premium of 140% over its IPO price of Rs 500 per share. This and more in today’s ETtech Top 5.
Reliance, Nvidia to develop AI infra in India; Freshworks draws large customers
Mukesh Ambani-led Reliance Industries has tied up with chipmaker Nvidia to develop India’s own foundation large language model. The petrochemicals-to-telecom conglomerate is also exploring an entry into semiconductor manufacturing.
Former Swiggy CTO Dale Vaz secures seed funding for new wealthtech venture
Swiggy’s former chief technology officer Dale Vaz on Friday said he had secured seed funding from venture capital funds Accel and Elevation Capital for his new firm, Aaritya Technologies.
ETPWLA 2023: Announcing the nominees for the Technology Leader of the Year Award
Ahead of the eagerly awaited ETPrime Women Leadership Awards (ETPWLA) 2023 Grand Finale on August 4, 2023, the Economic Times is proud to announce the finalists for the Technology Leader of the Year Award category. These exceptional women leaders have demonstrated excellence and innovation by setting new benchmarks and achieving remarkable milestones in the field of technology throughout the past year.
Till debt do us part: will startups go the PharmEasy way, and other top tech & startup stories this week
This week’s ETtech newsbreak on PharmEasy going for a rights issue at a price 90% lower than its peak valuation of $5.6 billion to repay debt has tripped alarm bells in several startups that have taken debt financing.
In March, Swiggy’s food-delivery biz turned profitable, excluding Esop costs: CEO Sriharsha Majety
Food delivery platform Swiggy on Thursday announced that it has turned profitable as of March 2023.
ONDC may not match Zomato-Swiggy scale: Jefferies; Twitter set to get new CEO
The government-backed ONDC may be many things, but as things stand, it cannot match the benefits of scale food delivery majors Zomato and Swiggy bring to the table, brokerage firm Jefferies has said.
Invesco slashes Swiggy’s valuation by 33% to $5.5 billion
This is the second time Invesco has cut down its valuation in the food delivery firm. We reported last month that Invesco had marked down its investment in food delivery firm Swiggy by 23%.
ETtech Scoop: Reliance enters zero-commission fashion marketplace; mid-to-senior hirings in startups plummet
Reliance Industries’ online fashion platform Ajio will launch Ajio Street — a zero-commission fashion marketplace aimed at value products for non-metro audiences, similar to ecommerce firm Meesho.
Swiggy CTO Dale Vaz resigns; Eruditus’ FY22 revenue jumps 87%
Vaz, who had joined Swiggy as its head of engineering and data science, was promoted to the CTO post in 2020 after Rahul Jaimini, who cofounded Swiggy with chief executive Sriharsha Majety and Nandan Reddy in 2014, exited the company.
Swiggy CTO Dale Vaz resigns, to be replaced by senior VP Madhusudan Rao
The development comes just days after Karthik Gurumurthy, head of Swiggy’s quick-commerce vertical, Instamart, said he would step aside from his role by the end of this month to take a sabbatical.
Tata Neu’s muted first year, PhonePe-ZestMoney deal called off & the week’s top tech stories
Hi Digbijay here in Bengaluru. Last month, I was in Mumbai and visited the offices of the newest ecommerce challenger in India –Tata Digital-- which runs the superapp Neu. If you’ve been reading our coverage of one of Tata’s most ambitious projects, you’ll know we’ve been on top of all the big developments, breaking the most important stories.
ET Campus Stars 2022-23: Introducing the jury - Cisco’s Daisy Chittilapilly, Lenovo’s Shailendra Katyal, Zerodha’s Kailash Nadh, Swiggy’s Dale Vaz and more
Registrations for the 6th edition of ET Campus Stars, India’s largest hunt for the brightest engineering minds in the country, are currently ongoing. Apply Now!
Swiggy's mid-mile focused drone pilot to take off soon, says CTO
Swiggy is working with govt regulators and partners like drone manufacturers to execute the pilot.
Is Meta losing its way?
The company is pouring billions into its virtual reality division in hopes of Big-Banging the metaverse into existence, but back in the real world, revenue and user growth are stalling.
E-commerce on the menu for Swiggy; some edtech startups stay bullish amid layoffs; Inventus rebrands to Athera
Swiggy, which earns 75% of its revenue from its food business, has been exploring options to increase its revenue stream from other verticals as it looks to go IPO in the coming few months.
Tata Digital seeks funds from parent; Swiggy hires bankers for $1B IPO
The group is expected to make an "interim investment" of around $500 million as Tata Digital needs to expand aggressively to take on incumbents such as Amazon Walmart and Reliance. It will be spread across several tranches, a source told us.
Razorpay sets sight to achieve $50 billion TPV by 2021
In the last six months, Razorpay has witnessed a 40-45% month-on-month growth. The company recently became an unicorn.
Crowdfunding platforms to the rescue for vulnerable populace during Covid-19
To be sure, online funding campaigns have been helping stranded migrants and daily wage labourers get access to essentials and community kitchens, but now the crowdfunding platforms are coming to the aid of transgender communities, circus artistes, Uber drivers, Swiggy delivery personnel, rural artisans, dancers and freelance workers.
Razorpay launches payment pages designed to help 10,000 SMEs with custom-branded hosted pages
Razorpay Payment Pages will be launched for fee collection at educational institutes, by event organisers, utility companies for bill payments and more.
With $1 b new money and $3.3 b valuation, Swiggy turns swaggy
Naspers, Tencent among investors; food delivery co sixth most-valued pvt internet firm in India.
Swiggy ropes in engineering head from Amazon
Vaz was with Amazon for 11 years, with his most recent role as the director of software engineering.
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