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Happy Friday! Banks are pushing the pedal on their cobranded credit card strategy as they gain traction through large consumer facing internet companies. This and more in todays ETtech Morning Dispatch
The third-quarter IT earnings for FY24 began on a weak note as TCS posted a low single-digit rise in net profit while Infosys saw its profit fall 7%. This and more in todays ETtech Top 5.
Partners and fund managers are stepping down from prominent venture capital firms in India, mimicking the exits of founders from Indian startups
Balaraman and Tarun Davda, Partner and Managing Director of Matrix Partners India, spoke to Moneycontrol after closing their fourth India-dedicated fund, raising $525 million. Along with General Partner Commitment and employee participation, the fund was closed at $550 million, the two partners said. This fund is the largest ever raised by the venture capital firm and will be used to invest in around 45-50 companies.
The hiring momentum in India’s legal market continues, with Veritas Legal, SNG & Partners, DMD Advocates, Lex Consult, ANM Global and AK & Partners welcoming new partners recently.