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Fintech attracted investor attention in the country though marked by smaller deal sizes with key transactions such as KreditBee ($209 million), SK Finance ($160 million), and Perfios ($80 million).
India is the tech powerhouse of the world, known for its engineering prowess. But can the widespread adoption of AI, which will lead to significant automation, dent Indias talent edge? Annapurna Roy and Beena Parmar report.
India is number one in the world in terms of relative AI skill penetration, and is in the top four globally when it comes to relative AI hiring rate.
The platform fee, which is a per-order flat charge, has been hiked in Zomato's main markets like National Capital Region, Bengaluru, Mumbai, Hyderabad and Lucknow. Sources said Zomato services 2.0-2.2 million orders per day, and a Re 1 increase for a large order base could add substantially to the companys earnings over a quarter.
The tech sector is a key driver of Israel's economy, accounting for close to 20% of output, 12% of jobs, more than 50% of exports and 25% of tax income.