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Zepto eyes $300 million fundraise for $2.5-3 billion valuation, targeting Ebitda positivity with $1.2 billion sales. Blinkit's GMV surpasses $1 billion; Zomato holds $1.5 billion cash; Swiggy prepares for IPO.
The demand order has been received for non-payment of service tax for the period October 2014 to June 2017 determined on the basis of certain sales made by the foreign subsidiaries and branches of the company to its customers located outside India, the company said in a late night regulatory filing.
Infosys enforces In-Person Collab Weeks for ENG-IoT employees, urging them to work from office for a minimum of 10 days per month. The company aims to enhance collaboration and ideation through Gen AI programs and strategic partnerships.
Meta to establish its first data center in India at Reliance Industries campus in Chennai, enabling local content processing for Facebook, Instagram, and WhatsApp. The move aligns with the growing user base and ad revenue in India.
Hume AI, backed by various investors, introduces a voice AI with emotional intelligence understanding human emotions. Founded by Alan Cowen, the startup secures $50 million in funding. The AI utilizes an empathic large language model and integrates with GPT and Claude.