Exclusive: Dunzo likely to raise $100 million via convertible notes; data localisation norms hit roadblock

Over the past six months, convertible notes have emerged as a lifeline for many highly valued, growth-stage startups which were unsuccessful in raising funds through the traditional equity route. Today, we are reporting that Reliance-backed delivery startup Dunzo is likely to join the likes of B2B e-commerce company Udaan and epharmacy platform PharmEasy in tapping the convertible note route to shore up fresh funds. This and more in today’s packed edition of the ETtech Morning Dispatch.

from Tech-Economic Times https://ift.tt/86zBVYS

IT set for modest growth in Q3 on global headwinds

Analysts expect sequential improvement in operating margins as tech professionals switch jobs less frequently

from Tech-Economic Times https://ift.tt/j5T7KIO

Neobank Jupiter picks up Rs 100 crore in venture debt funding from Alteria Capital

The Mumbai- and Bengaluru-based company was founded by Jitendra Gupta, as his second venture in the fintech space after selling Citrus Pay to Naspers-owned PayU in 2016.

from Tech-Economic Times https://ift.tt/BvLH64O

New industrial policy aims to focus on One Nation-One Standard

The draft policy, made by the Department for Promotion of Industry and Internal Trade (DPIIT), also proposes to create a Universal Enterprise ID for micro, small and medium enterprises (MSMEs) to strengthen their credit rating mechanism and MSME cluster financing models, as it aims to showcase India as an attractive investment destination.

from Tech-Economic Times https://ift.tt/I4WYDSu

Jobs aggregation startup OTU India raises $1 million in funding led by Dream 11's Harsh Jain

OTU India offers a video feature to potential employers, wherein it prepares a profile for candidates and connects them to organised employers across the country with the help of technology.

from Tech-Economic Times https://ift.tt/lLNewKW

Microsoft to invest in autonomous trucking startup Gatik

Microsoft plans to invest over $10 million in a financing round that values Gatik at more than $700 million, the sources added. As part of the deal, Gatik will use Microsoft's cloud and edge computing platform Azure in developing autonomous delivery technology for trucks.

from Tech-Economic Times https://ift.tt/ZftPBVi

Allegis Group appoints Venkat Shastry as India MD

Shastry succeeds Pravin Tatavarti, who stepped down from the role at the end of 2022. In his last stint, Shastry was a partner at executive search firm Heidrick & Struggles in India responsible for technology and services practices.

from Tech-Economic Times https://ift.tt/gvyJ0z3