Tata Consultancy Services () is focusing on growth and transformation to expand revenue from existing clients by offering them more services, chief executive Rajesh Gopinathan told ET’s Raghu Krishnan and Bodhisatva Ganguli in an interview, as he draws up a plan for the next five years at the helm. Excerpts: TCS has an outsize influence … Read more
Ride-hailing startup Ola has selected banks including Citigroup Inc. and Kotak Mahindra Bank Ltd. to manage its Mumbai initial public offering that could raise about $1 billion, according to people familiar with the matter. The company, backed by SoftBank Group Corp. and Tiger Global Management, has also picked Morgan Stanley for the listing, said the … Read more
Freshworks Inc., one of the country’s best-known software product startups, has kickstarted the process for an initial public offering (IPO) in the United States, buoyed by a surge in customer signups and revenue in recent months. On Friday, the San Mateo-based startup, which was founded in Chennai, filed its application with the US Securities and … Read more
LegalPay, a third-party litigation funding platform, has launched an alternative investment product for retail investors. Investors can invest and diversify across a basket of cases for a minimum amount of ₹25,000. The company has created a Special Purpose Vehicle (SPV) to create a pool of 4-8 commercial cases to ensure diversification of investor’s capital to … Read more
Amazon on Thursday said it has made India’s first celebrity voice feature on Alexa available with the legendary Amitabh Bachchan, and the users in India can add his amazing voice to their Alexa experience on Echo devices for an introductory price of Rs 149 for one year. The customers need to press the mic … Read more
Application programme interfaces (API) platform Postman has raised $225 million in new funding led by existing investor Insight Partners along with new investors like Coatue, storied Silicon Valley investor Mary Meeker’s Bond Capital and Battery Ventures joining the round. Post this funding, Postman is now valued at $5.6 billion. This makes the seven-year-old startup the … Read more
After receiving the patent for a particular molecule, according to a senior official. Markers Lab, the research and development arm of the IT company, is working on developing the drug. The company along with Reagene Biosciences has filed for the patent for a molecule that can be used to develop a drug against coronavirus. “We … Read more
Drive Capital created an artificial intelligence tool named Herbie to help find great companies. Herbie uses data to create a daily digest of startups that it thinks are worth a second look. Masha Khusid, a partner at Drive, says the tool helps the partners close deals faster. Masha Khusid, a partner at Drive Capital, opens … Read more
Zomato co-founder Deepinder Goyal said India is a tough market to operate in but the company will not focus on short term profits at the cost of long term success of the food delivery company. “India is a tough market to operate in, but if you are building to succeed in India, you are already … Read more