ETtech

🌻🌻Good morning! Read the top tech, startup stories on ETtech:   💰Groww investors reap bumper returns; Lightspeed’s India rethink Also in the letter: ■ Battery blues hit EVs ■ Nazara Q4 earnings ■ Flipkart’s GST setback

💰💰Lightspeed eyes new India fund, plans smaller corpus of $300–350 million amid AI focus ✍️ @patwardhannn & @pranavmukul Read more at⬇️ economictimes.indiatimes.com/tech/technolog…

📢While the founders did not comment on the fund size, they acknowledged that the market has cooled from the peak-exuberance years, and said Lightspeed’s approach will be more measured and tightly aligned to the opportunity ahead.

🚨💰Lightspeed Venture Partners – backer of Oyo, ShareChat, Udaan, Zepto and PhysicsWallah – is slimming down its India cheque book, even as it doubles down on early-stage deeptech and AI.

Peak XV, YC and Ribbit pocket up to 94x returns from Groww stake sales as IPO lock-in ends Read more at⬇️ economictimes.indiatimes.com/tech/technolog…

📌The sale adds to already outsized gains from Groww’s debut. The fintech listed last November at Rs 100 a share and has since climbed over 40%. On Tuesday, the stock closed down 5.5% at Rs 183.10 on the BSE.

🚨💵Early backers of Groww – Peak XV, Ribbit Capital and Y Combinator – have started cashing out after the IPO lock-in expired, logging multi-bagger returns.

Read the full newsletter here⬇️ economictimes.indiatimes.com/tech/newslette…

🌻🌻Good morning! Read the top tech, startup stories on ETtech:   💰Groww investors reap bumper returns; Lightspeed’s India rethink Also in the letter: ■ Battery blues hit EVs ■ Nazara Q4 earnings ■ Flipkart’s GST setback

Groww turns multi-bagger for Peak XV, YC, Ribbit after IPO lock-in expiry Read more at: economictimes.indiatimes.com/tech/technolog…

💰💰 Early backers of Groww – Peak XV, Ribbit Capital and Y Combinator – have started cashing out after the IPO lock-in expired, logging multi-bagger returns.

AI dictation startup Wispr in funding talks at $2 billion value Read more at: economictimes.indiatimes.com/tech/funding/a…

📌 Menlo Ventures is set to lead the financing, according to a report by Bloomberg. The funding is expected to total about $260 million.

💰💰 Wispr AI, the developer behind the popular voice dictation tool Wispr Flow, is in talks to raise a new round of funding that could more than double its valuation to $2 billion.

Gaming firm Nazara’s Q4 revenue down 23%, profit jumps 13x Read more on: economictimes.indiatimes.com/tech/technolog…

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

💰💰 Groww delivered strong returns to early investors after the IPO lock-in expired. This and more in today's ETtech Top 5. Also in the letter: ■ Flipkart's GST setback ■ Uber CEO in India ■ GitLab to cut jobs

🚨🚨Peak XV, Ribbit Capital, and YCombinator have sold shares in block deals today where more than 60 global and domestic investors participated. Some big names: HDFC Life, ICICI Prudential Life, Mirae MF and many more @ETtech @pranavmukul