ETtech @ETtech
Breaking news, insights & smart analysis on the business of technology, startups & the new economy in India, from the reporters at The Economic Times. ettech.com India Joined February 2015-
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Read the full story here👇 economictimes.indiatimes.com/tech/technolog…
“We also remain on track towards our earlier guidance of Rs 28,000 crore NOV ($3 billion) and Rs 1,400 crore ($150 million) adjusted EBITDA by FY30,” Eternal chief financial officer Akshant Goyal said, in the company’s quarterly shareholders letter.
🆕Eternal-owned dining, events and ticketing platform District is growing faster than the company’s projections, with its net order value (NOV) growth trending at 50% year-on-year, against an earlier guidance of 30%.
Read the full story👇 economictimes.indiatimes.com/tech/technolog…
Knives out for Blinkit against Amazon, which has been expanding aggressively in the quick commerce space "We don't think the line between quick commerce and ecommerce will mean much over time," says Albinder Dhindsa Blinkit expanded assortment by 20K SKUs in two qtrs @ETtech
The company is expected to announce the product later on Wednesday, alongside its September-quarter earnings. Details about Dark.ai, including its intended use cases and target customers, remain unclear. Read the full story here👇 economictimes.indiatimes.com/tech/artificia…
📢Deepinder Goyal, founder of Zomato and vice chairman of its parent company Eternal, has teased a new artificial intelligence product being developed by the Gurugram-based company, signalling a push to expand its AI offerings beyond customer support.
However, diverging trends in quick commerce are likely to reflect in their profitability, with Eternal expected to improve margins while Swiggy faces bottomline pressures for Instamart, its quick delivery division. Read the full story 👇 economictimes.indiatimes.com/tech/technolog…
🆕Food delivery and quick commerce companies Eternal and Swiggy are expected to report strong revenue growth for the July-September period, with brokerages estimating Eternal’s qcommerce arm Blinkit gained scale and that both companies’ businesses benefited from steady demand.
Wipro GE HealthCare considering fifth India plant, plans to double exports Read more at: economictimes.indiatimes.com/tech/technolog… By @puranchdET
It’s unity in diversity to draw data centres Read more at: economictimes.indiatimes.com/tech/technolog… By @SurakshaPinnuET @Subhayan_ET and @diarekhiET
The key test for states will be whether they can provide power at scale, create capacity quickly and offer globally competitive electricity tariffs, according to executives and officials tracking the sector.
🆕 As concerns over power and water consumption by data centres rise, states such as Uttar Pradesh, Karnataka, Telangana, Odisha, West Bengal and Tamil Nadu are taking different approaches to attract investments in the burgeoning sector. 🧵
AI startup Simplismart in talks to raise $40-50 million; valuation may triple Read more at: economictimes.indiatimes.com/tech/funding/a… By @pranavmukul
Peak XV Partners and Damac Digital, the data centre arm of Dubai-based real estate group Damac, are in discussions to invest in Simplismart, the people in the know said.
🚨🆕 AI infrastructure startup Simplismart is in talks to raise $40-50 million at a valuation of $300-400 million, potentially more than tripling its valuation in a matter of months, as investors step up bets on a limited pool of AI businesses in India. 🧵
The company that won the Bootstrap Champ category at The Economic Times Startup Awards 2023 reported a 17% rise in net profit to Rs 129 crore, according to financial statements sourced from the Registrar of Companies Read the full story by @AyantiBera economictimes.indiatimes.com/tech/funding/g…
🎮Bengaluru-based Gameberry Labs, which makes mobile games such as Ludo Star, posted a 20% rise in operating revenues to Rs 711 crore in FY26, driven by higher earnings from in-app purchases and advertising.
The transaction closed in October, with people familiar with the matter saying Innovist’s revenue grew another 50% between June and October. Read the full story by @pranavmukul 👇 economictimes.indiatimes.com/tech/startups/…
This makes Innovist one of the fastest-growing new-age brands in the space. L’Oreal announced in June that it would acquire a majority stake in Innovist, the parent of brands such as Bare Anatomy, Chemist at Play and SunScoop, at a valuation of around Rs 4,100 crore.
💄Gurugram-based beauty and personal care company Innovist clocked operating revenue of Rs 686 crore in fiscal year 2026 — nearly 2.8 times up from Rs 247 crore a year earlier — ahead of its acquisition by French beauty giant L’Oreal.
Chandra R. Srikanth @chandrarsrikant
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Chandra R. Srikanth @chandrarsrikant
159K Followers 3K Following Executive Editor, technology and startups, @Moneycontrolcom. Previously with @ETNOWlive. Tweet on tech, startups, general news. They reflect my views.
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169K Followers 31 Following Investing in pre-seed startups at https://t.co/Nf1rSPpS3j
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1.0M Followers 11 Following Founder & CEO - @temple Founder - @zomato and @lataerospace Championing @feedingindia and Blinkit Ambulances
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ETMarkets @ETMarkets
653K Followers 87 Following Welcome! You have just landed on India's No. 1 platform for #news, #views and cues on #financialmarkets | A Times Internet Product
Samidha Sharma @samidhas
24K Followers 2K Following Editor @ETtech.🔥🔥Subscribe to ETtech newsletters https://t.co/YdhriWHC8c , 📧📧 [email protected]
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235K Followers 323 Following Chittapur MLA : Minister of Home, e-Governance, Electronics, IT & BTYou might like
