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WeWork India raises Rs 500 crore via rights issue

The workspace provider said that the funds will be used to pay off its debt and lower its cost of capital. WeWork had planned to sell its 27% stake in the Indian unit, which failed due to a valuation mismatch. WeWork entered the Indian market in 2017 through a partnership with Embassy Group, with Embassy holding a 73% stake in the Indian unit and WeWork Inc owning the remaining 27%.

Stock broking startup Groww in talks for IPO valuing it at $6-8 billion: sources

EV unicorn Ather eyes $2.4 billion for IPO; prepares updated document filing

Need to see TCS Q3 show in larger macro context: CEO K Krithivasan

Need to see TCS Q3 show in larger macro context: CEO K Krithivasan

Maha Kumbh 2025 kicks off: AI enhances security and pilgrim experience

Quick service restaurant Boba Bhai raises Rs 30 crore in round led by 8i Ventures

Titan Capital Winners Fund, Global Growth Capital, DeVC (anchored by Z47), and other existing investors participated. The funds will be used to expand into new cities, strengthen operations in current markets, diversify menu options, and look at new sub-brands.

Flipkart may lead $35-40 million round in its Super.money

Super.money, started by Flipkart senior executive Prakash Sikaria, is among the big focus areas at Flipkart for its financial services and lending business and has emerged as one of the fastest growing Unified Payments Interface (UPI) apps.

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Stock broking startup Groww in talks for IPO valuing it at $6-8 billion: sources
Stock broking platform Groww is in talks with investment banks regarding an upcoming IPO, targeting a $6-8 billion valuation. The fintech company aims to raise around $700 million. Recently, Groww relocated its parent entity to India from the US, leading to a tax payment of Rs 1,340 crore.
Digital platforms lay groundwork to cash in on Maha Kumbh
Ahead of the Maha Kumbh, travel and hospitality firms have reported an increase in bookings for Prayagraj from those who want to attend the festival physically. However, online spiritual and devotional platforms are also expecting a surge in traffic coming from devotees wanting to be a part of the Maha Kumbh virtually.
Flipkart may lead $35-40 million round in its Super.money
EV unicorn Ather eyes $2.4 billion for IPO; prepares updated document filing

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Ather IPO valuation bump; TCS CEO on Q3 numbers

Ather IPO valuation bump; TCS CEO on Q3 numbers

Ather Energy is aiming at $2.4 billion for its upcoming IPO. Details on this and more in today’s ETtech Morning Dispatch.

13 Jan, 2025

Top startup and tech stories this week

Top startup and tech stories this week

Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.

11 Jan, 2025

SC stays GST on online gaming; L&T chairman sparks work-life balance debate

SC stays GST on online gaming; L&T chairman sparks work-life balance debate

SC has stayed GST notices worth Rs 1.12 lakh crore issued to online gaming companies. This and more in today’s ETtech Top 5.

10 Jan, 2025

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Bezos' Blue Origin faces last-minute delays in debut New Glenn rocket launch
Blue Origin's mission countdown, which was initially scheduled for 1:00 am ET (0600 GMT), extended due to unspecified "anomalies." Getting the spacecraft to its intended orbit on an inaugural rocket launch would be a rare achievement for a space company. Jeff Bezos had said, "If we could do that, that would be a great success. Landing the booster would be icing on the cake."
Taiwan iPhone maker Foxconn sets its sights on ever more crowded EV market
Foxconn and other tech companies are venturing into the electric vehicle market, challenging traditional automakers like Nissan and Honda. Foxconn has established joint ventures and collaborations with several auto and tech companies. While facing challenges, it remains ambitious in its plans to manufacture various electric vehicles and gain a significant market share.
Billion-pound lawsuit against Apple over App Store opens in UK
Jeff Bezos sees no threat from Elon Musk-Donald Trump ties in space race

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Adar Poonawalla, CEO of Serum Institute of India, says his wife Natasha loves staring at him on Sundays
The work-life balance debate intensified as RPG Group Chairman Harsh Goenka humorously suggested renaming Sunday as “Sun-duty” on social media. Emphasizing the pitfalls of excessive work hours, he warned against burnout and declared, “Work-life balance isn’t optional; it’s essential for sustained success and well-being.”
- TikTok stars and marketers brace for app's disappearance this month
- India committed to taking lead in AI, says PM Modi after meeting ex-Infosys CEO
  Sikka served as the chief executive and managing director of Infosys from 2014 to 2017, and was the first non-founder to helm the IT giant. He resigned from the company in 2017 due to differences with the company's founders and board members.
- Nick Clegg, who set up Meta's oversight board, exits company ahead of Trump return
  Clegg, a former deputy prime minister of Britain, had handled policy and regulatory issues globally for Meta since 2018. Mark Zuckerberg, Meta's CEO, thanked Clegg for making an "important impact advancing Meta's voice and values around the world."
- America is a meritocracy: Elon Musk reiterates stand on H-1B visa debate

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