Page 35 - Tech Prowess News Today

Nirdosh Chouhan is a member of the founding team at Agilitas Sports. He will lead tech at Agilitas.

The deal with MSL enables Ugro Capital to enter the tech-enabled embedded finance market. The non-bank lender will initially pay Rs 28 crore to acquire 76% of MSL, while the remaining Rs 17 crore will be paid later to secure full ownership of the company.

Apple extends core technology fee to iPadOS apps under EU rules, with exemptions for small developers, non-profits, and limited install apps. The fee applies to App Store, Web Distribution, and global revenue developers.

Dennis Woodside replaces Girish Mathrubootham as Freshworks CEO amid market concerns. Woodside faces the challenge of steering the company in the CRM sector, focusing on small and midsize businesses, following Mathruboothams exit.

Confluent plans 25% workforce growth in India in 2024, with a focus on Indian public sector and BFSI. India houses a significant Confluent team for product development, projected to expand rapidly, as the company values cost-effective solutions for large data volumes.

Wipro named Hari Shetty as Chief Strategist. The Bengaluru-headquartered firm makes first CXO appointment under new CEO Srinivas Pallia.

Bengaluru-based startup Go Desi secured Rs 41 crore in equity investment from Aavishkaar Capital for business expansion. The Series B round involved DSG Consumer, Rukam Capital, and Roots Ventures, aiming to increase monthly revenue to Rs 9 crore.

Israeli start-up Apex, securing AI tools, received funding from OpenAI CEO. $7M seed funding led by Sequoia Capital, Index Ventures. Addressing data protection, AI threats, privacy, compliance. Focus on product development, hiring, marketing.

Coforges net profit declined in Q4 FY24 but annual profit rose significantly. Revenue increased, and margins improved. The company plans to acquire Cigniti Technologies to enhance revenue and operating margins, aiming for $2 billion by 2027.

Ecommerce titan Amazon on Tuesday said profit in the first three months of 2024 tripled as its cloud, ads, and retail businesses thrived. "While the core e-commerce business is no longer the biggest growth driver, it remains an essential component of the Amazon flywheel, particularly in propelling its ad business," Droesch said.