Zomato Co-founder Gunjan Patidar resigns; witnesses fourth major exit in a year

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Mukesh Bansal steps back at Tata Neu; Cred stops using Paytm QR codes on its placards

Myntra cofounder Mukesh Bansal, who joined Tata Digital as its president in June 2021, has withdrawn from Tata Neu’s day-to-day operations but will stay on in an advisory role, sources told us. The change is due to a “difference in approach on how to scale a new internet business”, one of them said.

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Paytm complains to NPCI on Cred’s UPI gamble

The move comes barely three months after Cred entered the offline payment segment through the launch of its ‘Scan & Pay’ feature, which allows its users to make offline payments by scanning a QR code.

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PE-VC investments in India fell by 29% in 2022

Private Equity-Venture Capital (PE-VC) firms investments in India fell by 29% in 2022 compared to the record highs of 2021. PE-VC firms invested $46 billion (across 1,261 deals) in Indian companies in 2022, compared to $65 billion (across 1,362 deals) in the previous year, according to Venture Intelligence.

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India TikTok ban set important precedent: FCC chief; restaurants, cloud kitchens see 30-35% jump in NYE orders

Happy New Year! Here’s hoping 2023 is kinder to tech firms and startups than 2022 was. Today, we bring you an exclusive interview with US Federal Communications Commission chief Brendan Carr, who told us that India set an important precedent by banning Chinese short-video app Tik Tok in 2020. At least 20 of 50 American states have banned the app on state government devices, with the number set to increase in 2023, he added.

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New Year Eve orders jump 30-35% at cloud kitchens, restaurants

Online grocery platforms like Blinkit and Instamart saw their order volumes rise by three times.

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India’s full-time gamers bemoan lack of formal training

According to the HP India Gaming Landscape Study 2022, 33% of those included in the survey said they would consider gaming as a full-time career, while an equal number said they could pursue it part-time.

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