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spinny: Used car startup Spinny lays off around 300 employees

The layoffs are part of a restructuring exercise that will also see its budget and luxury car offerings — Truebil and Spinny Max — being merged into the main Spinny platform. ....

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Pi Ventures exceeds target for second fund, raises $85 mn

Early-stage venture capital fund pi Ventures, on Thursday marked the final close of its second fund with a total commitment of Rs 702 crore (about .. ....

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Zomato posts maiden quarterly profit; Data Bill introduced in Lok Sabha

Gurugram-based food delivery platform Zomato reported its first-ever profit in the April-June quarter of FY24, reversing losses of Rs 186 crore from the year-ago period. Striking an upbeat note following the results, the companys management said it expects profitability to sustain going forward. This and more in todays ETtech Top 5. ....

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walmart: Binny Bansal checks out; Walmart stake in Flipkart hits 80%

Bansals exit marks the end of the founding entrepreneurs association with one of the most storied Indian consumer internet startups over the past decade. ....

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Amazon Web Services and Accel Collaborate to Propel Generative AI Startups with ML Elevate 2023

Amazon Web Services (AWS) and Accel, a prominent venture capital firm, have joined forces to launch a. ....

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