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    SWIGGY DELIVERY STAFF DIES

    How GenAI is aiding Indian GCCs; AI funding dip

    Happy Tuesday! India's global capability centres are evolving into front offices for multinational corporations. This and more in today’s ETtech Morning Dispatch.

    Swiggy’s pre-IPO Esop sale; GST & ride-hailing apps

    Food delivery company Swiggy will buy back Esops worth $65 million, its fifth such exercise. This and more on today’s ETtech Top 5.

    IPO-bound Swiggy announces fifth Esop plan worth $65 million

    Swiggy has cumulatively enabled over Rs 1,000 crore of Esops liquidity over the five events, benefiting more than 3,200 employees. Girish Menon, head of HR at Swiggy said, the latest Esop event is to acknowledge employees’ contributions and the food platform’s commitment to sharing its success and growth with them.

    Koo calls it a day; Paytm Bank, auditor lock horns

    Once touted as India’s response to Twitter, it’s curtains for homegrown microblogging app Koo. Details on this and more in today’s ETtech Top 5.

    Zomato launches platform to offer hiring, regulatory services to restaurants

    Zomato's move comes a week after rival Swiggy launched a new feature on its partner app to connect restaurants with staffing experts as part of a new recruitment support initiative.

    Extreme summer heat & loss of productivity lead to an all-time high demand for delivery personnel

    Extreme summer heat, rising absenteeism, and productivity loss have led to a high demand for last-mile delivery and warehouse personnel in India. About 2,000 delivery personnel are dropping off daily in quick commerce and 5,000 in food delivery, with an estimated 2.1-2.2 lakh people needed for replacement hiring daily. The monthly attrition of riders, warehouse staff, pickers, packers, and loaders is at a high of 30-40%.

    The Economic Times
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