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Developments at Tata Digital; ride-hailing firms optimistic Our top story today is a round-up of some interesting and significant developments at Tata Digital -- specifically, its new acquisitions BigBasket and 1mg. There's a lot to get to so let's dive right in.Also in this letter:Ride-hailing firms believe the worst is behind themboAt eyes IPO in

Goyal, Vaishnaw, Chandrasekhar will be guests of honour at ETSA today : Rashtra News #Goyal #Vaishnaw #Chandrasekhar #guests #honour #ETSA #today Cabinet ministers Piyush Goyal and Ashwini Vaishnaw, Union minister of state Rajeev Chandrasekhar and Chief Minister of Karnataka Basavaraj Bommai will be the guests of honour at a star-studded gathering in Bengaluru this evening,

Tech's 'big tobacco' moment; Licious joins unicorn club It's been a miserable few days for Mark Zuckerberg. A day after a faulty configuration change knocked Facebook, WhatsApp and Instagram offline for almost six hours, a former employee turned whistleblower testified before a US senate committee, accusing the company of making "destructive choices".Also in this letter:Licious

D2C meat startup Licious reported a total income of INR 808.8 Cr in FY23 as against INR 706.1 Cr in the previous fiscal year. 

Foodtech giant Swiggy’s net loss jumped 2.2X to INR 3,628.9 Cr in FY22 from INR 1,616.9 Cr in FY21 as its expenses more than doubled.

Together these 20 startups raised a total of $7.6 billion in 2022.

Top five technology industry cross border venture financing deals in North America in August 2022, according to GlobalData

Swiggy's 900 employees are set to benefit from the liquidity program this year. About 1,800 employees would benefit from it next year.

With this deal, Pawfectly Made will continue to function as a separate entity with its own production processes and supply chain.

Swiggy has hired two investment banks JP Morgan and ICICI Securities for the launch of its $800 million to $1 billion IPO, media reports said citing sources.