ETtech

🚨🚨#ETtechTop5 | Flipkart group CFO exits; Zomato raises platform fee Also in the letter: ■ WhatsApp goes numberless ■ Govt cracks down on illegal betting, gambling ■ Yotta's pre-IPO raise

ETtech Deals Digest: Startups raise $343 million this week, down 69% on-year Read more at: economictimes.indiatimes.com/tech/funding/e…

📌 The deal activity also slowed significantly this week, with 29 transactions recorded compared with 44 in the same week last year.

💵💵 Startups raised around $343 million between March 14 and 20, a decline of 69% compared to the $1 billion secured during the same period last year, according to data intelligence platform Tracxn.

Zetwerk plans to confidentially file for Indian IPO, targets $4 billion valuation: Report Read more on: economictimes.indiatimes.com/tech/startups/…

Read more at⬇️ economictimes.indiatimes.com/tech/technolog…

🚨💵Flipkart rolls out 105% bonus payout to employees for 2025 🎯For vice presidents (VPs) and senior vice presidents (SVPs), the payout will take place after the closure of the 2025 performance review process, according to an email sent to employees.

🚨🚨 Ahead of Flipkart's IPO plans, group CFO Sriram Venkataraman has resigned. #Flipkart

Read the complete newsletter here:👇 economictimes.indiatimes.com/tech/newslette…

🚨🚨#ETtechTop5 | Flipkart group CFO exits; Zomato raises platform fee Also in the letter: ■ WhatsApp goes numberless ■ Govt cracks down on illegal betting, gambling ■ Yotta's pre-IPO raise

Read more at⬇️ economictimes.indiatimes.com/tech/technolog…

🚨#ICYMI: EQT, Partners Group & ITC Info eye a chunk of Ashok Soota’s Happiest Minds

Read more here⬇️ economictimes.indiatimes.com/tech/technolog…

💸📈Zomato hikes platform fee for users by Rs 2.40 per order 📌On a pre-GST basis, platform fee on Zomato is now Rs 14.90 per order from Rs 12.50 earlier. 📌Including taxes, Zomato's food delivery rival Swiggy is currently charging a fee of Rs 14.99 per order.

The company has also brought back Nishant Verman as senior vice president (SVP) amid the Walmart-owned ecommerce major’s preparations for its IPO. Read here: economictimes.indiatimes.com/tech/technolog…

ET had exclusively reported on March 9 that the ecommerce marketplace completed its reverse flip, shifting its domicile back to India from Singapore. Read that story by @pranavmukul here: economictimes.indiatimes.com/tech/technolog…

🚨🚨 BIG: Flipkart group CFO Sriram Venkataraman to depart from the company as it prepares for an IPO @ETtech

Ola Electric reallocates IPO proceeds again, diverts Rs 575 crore from R&D to debt, growth Read here: economictimes.indiatimes.com/tech/technolog…

👉 This marks yet another revision in the utilisation of IPO proceeds by the company after an earlier reallocation approved by shareholders in August 2025, wherein it had reduced R&D allocation while increasing the share earmarked for debt repayment and organic growth.

🆕 Ola Electric Mobility has made a fresh revision in the utilisation of its Rs 5,500 crore IPO proceeds, reallocating Rs 575 crore from its R&D budget towards debt repayment and growth initiatives.