Layoffs in the startup and tech ecosystem have continued into 2023, according to data from recruitment platform Careernet. The situation might not get better any time soon. This and more in today’s Morning Dispatch.
In April 2022, the network piloted a soft launch in five cities - Bengaluru, Delhi NCR, Shillong, Bhopal and Coimbatore. Since then, ONDC has also started a beta pilot in Bengaluru and in some tier-II cities.
The company's net profit dropped significantly by 24% to $5.7 billion from $7.5 billion in Q1 2022.
According to Venture Intelligence data, during January-March, Seed- and Series-A investment rounds saw $712 million in funding, less than half of the $1.92 billion recorded in the same quarter last year. The number of deals also fell from 248 to 115 during this period.
Devotees from across India can make donations at the holy temple, situated in Rudraprayag district of Uttarakhand, from the comfort of their homes through the Paytm Super App.
The tech behemoths have launched an array of products that they promise are packed with generative AI, which creates brand new content - text, image, code - from past data.
Digital payments major PhonePe is looking to close a commercial arrangement with ZestMoney after deal talks between the two companies fell through last month. This and more in today’s ETtech Morning Dispatch