Sector: SaaS
India’s IT model is out of date. Can the industry reinvent itself?
For decades it seemed Indian IT could only grow. The Y2K bug turbocharged their initial expansion in the late 1990s, and though later waves of changing technologies brought down other companies (remember Nokia), the Indian IT sector surfed to success. With every new technology, they pivoted. From SMAC (social, mobile, analytics and cloud) to SaaS … Read more
Freshworks to cut 11% jobs as AI reshapes software sector
Freshworks said on Tuesday it would cut 11% of its workforce, or about 500 jobs, as the business-software company grapples with an industry being reshaped by artificial intelligence. The cuts are the latest tied to AI in the software sector as companies race to automate work and reshape products around the technology while trying to … Read more
Infosys and Anthropic announce collaboration
There has been a lot of concern around Indian IT majors in recent days that AI would significantly impact their business. Now Infosys has announced a strategic collaboration with Anthropic, to develop and deliver advanced enterprise AI solutions to companies across telecommunications, financial services, manufacturing, and software development. Collaboration launches in telecommunications with dedicated Anthropic Center … Read more
A West Delhi unicorn: Shiprocket’s Saahil Goel on the long road to building India’s logistics backbone
When Saahil Goel says, “We renamed ourselves to Shiprocket,” he is not talking about a cosmetic rebrand. He is referring to a moment when a 14-year-old company finally recognised what it truly was and what it was meant to build. “I think for the first time, the whole company felt it,” he says. For the … Read more
Deepinder handsover day to day management to Albinder Dhindsa
Deepinder Goyal, the founder and Group CEO of Eternal, which runs Zomato and Blinkit, in a letter to the shareholders announced that he is stepping away from the top executive role and handing over the reigns to Albinder Dhindsa. Goyal will move to the position of Vice Chairman He said the decision is driven by … Read more
Uber auto goes subscription-based: No more commissions, cash-only rides
Ride-hailing giant Uber has announced a significant change in its operational model for auto drivers in India, shifting from a commission-based system to a Software-as-a-Service (SaaS) subscription model. As part of this transition, all auto rides booked via the Uber app will now be cash-only, effective from 18 February. A notification on the Uber app … Read more