Manu P Toms

At 31%, Prosus is the biggest investor in Swiggy. If Swiggy lists at a market cap of around USD15 billion, Prosus, which will offload a fifth of its stake in the IPO, will arguably make the largest gain (in dollar terms) a private capital investor has ever made from an Indian startup.

SoftBank Vision Fund has recovered most of the USD10.7 billion it has deployed in India. The worlds leading tech investor has tweaked its investment approach as the growth-stage deal landscape becomes active again.

The Byjus board has been suspended, and the insolvency resolution professional has taken over the management of the company. The sand under founder Byju Raveendrans feet are shifting fast. How did things come to this stage?

Ravi Jain has resigned from his position as business head of Krutrim AI, marking the first top-level exit from Bhavish Aggarwal's AI startup. Jain had been associated with Ola since 2021 and took on the role at Krutrim AI in mid-2023. This news follows recent leadership changes at Ola Electric, Aggarwal's major venture.

In states with higher electric vehicle adoption, Ola either lost the top position or its lead significantly narrowed in recent months. ET Prime illustrates this trend in six charts.

Indias top VC firm Accel, which has two dozen unicorns in its portfolio, is searching for the next set of outliers at the intersection of the consumption story and digital shift in Indias villages and small towns, the Bharat.

The electric scooter market leader, which sees a steady decline in stock price as well as unit sales, is going through an on-roll headcount reduction.

Two people in the know of the development said the downsize drive was in the plan for months and set in motion recently. According to one of them, the planned layoff may result in a significant reduction of the workforce strength. Ola has around 4,000 employees on rolls.

The IPO-bound Ola Consumer has lost its leadership. Cab hailing is now a three-cornered contest among Uber, Ola and of course, the new torpedo. Read on to follow this thrilling contest.

Infosys started the practice of granting ESOPs to its office assistants and drivers. In the last 15 years, startups have granted crores worth of ESOPs but largely to the senior staff. A small technology startup is making it more inclusive again.