Ajay Rag

[ETtech @ETtech]

🏏US prediction market players make a play for Indian IPL fans

By @TanishkaDubey2 & @AjayRag3

Read more at⬇️
https://t.co/v0thdKOmlw

[ETtech @ETtech]

AI disruption, inflation risks could tighten lending environment: QED’s Nigel Morris

By @AjayRag3 & @samidhas

Read more at:
https://t.co/UP1vX4NbIX

[Alen @Alen_ET]

Kerala’s Covid-response architect Shailaja in tough fight against KPCC chief

#assemblyelections #kerala
@SunnyJosephINC @shailajateacher

[𝐒𝐚𝐦𝐢𝐝𝐡𝐚 𝐒𝐡𝐚𝐫𝐦𝐚 @samidhas]

🚨🚨ETtech Interview: Howard Morgan cofounder of First Round Capital & B Capital chairman, @HLMorgan spoke to us on AI, over indexing by VC funds on one sector (AI), previous cycles, geopolitics, Iran war and where India figures in all of this…

It was super insightful to talk to Howard last week.. he’s seen 40 years
of risk investing across multiple cycles..

Morgan: “Too much capital chasing one theme. We’re in a ‘buy high, sell higher’ market… That only works in a bubble.”

Are model companies guzzling too much cash and are crazily overvalued?
Morgan: “I do think OpenAI is probably overvalued more overvalued than some others.. Anthropic, for example, is somewhat better in terms of focus and valuation because it has been more B2B-oriented. To justify some of these prices, you need ten years of earnings, and that is very far out for venture capital.”

@KaranMohla

[𝐒𝐚𝐦𝐢𝐝𝐡𝐚 𝐒𝐡𝐚𝐫𝐦𝐚 @samidhas]

@ETtech @AjayRag3

[Ajay Rag @AjayRag3]

RT @samidhas: 🚨🚨PhonePe’s $1.3 billion IPO has been stalled due to pricing issues. Iran War is an added worry..but I am told the bigger con…

[𝐒𝐚𝐦𝐢𝐝𝐡𝐚 𝐒𝐡𝐚𝐫𝐦𝐚 @samidhas]

🚨🚨 Busy news evening this Sunday..

Finally, UpGrad is acquiring Unacademy in an all-stock deal.

Snabbit is closing a $50–60 million round from Mirae and others, valuing it at around $450 million.

Scapia, too, is raising $50–60 million, led by General Catalyst.

@ETtech @dishaacharya_ @puranchdET @AjayRag3 @jessicarajan

[Ajay Rag @AjayRag3]

🚨🚨

[ETtech @ETtech]

RMG ban-hit Dream Sports rejigs operations as over 100 executives check out

By @AjayRag3

Read more at:
https://t.co/t4Ka6kYMca

[ETtech @ETtech]

Easing China FDI norms unlikely to unlock fast capital for startups

By @AjayRag3, @pranavmukul & @PratikBhakta_89

Read more at:
https://t.co/N4ezko6sxI

[Economic Times @EconomicTimes]

India's crackdown on real money handed a $20 billion market to unregulated offshore platforms.
@AnirbanET talks to @dishaacharya_ and @AjayRag3 in the latest episode of The Morning Brief podcast.
Here's a short, sharp explainer:

Episode link in thread

[Anirban Chowdhury @AnirbanET]

https://t.co/qBGRaHWbUa

[Anirban Chowdhury @AnirbanET]

India's crackdown on real money handed a $20 billion market to unregulated offshore platforms.
I talk to @dishaacharya_ and @AjayRag3
in the latest episode of The Morning Brief. Link in thread.
Here’s a quick,sharp explainer

[Pranav Mukul @pranavmukul]

🚨🚨Breaking on @ETtech: Flipkart completes reverse flip process - path cleared for IPO this year.

➡️ Central government's nod on Press Note 3 has come in

➡️ Walmart-owned etailer moved HQ from BLR to SIN in 2011 in a move followed by several startups to access foreign capital

[𝐒𝐚𝐦𝐢𝐝𝐡𝐚 𝐒𝐡𝐚𝐫𝐦𝐚 @samidhas]

Thanks for sharing, Nithin.

Read the story on @ETtech by @ajayrag3 and @dishaacharya_

https://t.co/gPPxiWsttM

[Nithin Kamath @Nithin0dha]

After the real-money gaming ban, these offshore money-gaming apps (many of them scammy) are mushrooming. I think the best way to stop them is to make money transfers difficult by ensuring these offshore apps cannot use UPI, and that banks actively block such accounts.

[𝐒𝐚𝐦𝐢𝐝𝐡𝐚 𝐒𝐡𝐚𝐫𝐦𝐚 @samidhas]

Break from @dishaacharya

Flipkart has asked around 400–500 employees to leave the company this year following its performance review cycle, multiple people aware of the matter told ET.

The exits comprise about 3–4% of Flipkart’s workforce, higher than the usual 1–2% of employees in the lowest performance bracket who are typically asked to leave every year.

Several employees were assigned a one-star annual rating, after which they were asked to move out, the people cited above said.

Flipkart has been carrying out performance-linked workforce pruning annually since 2022.

@ETtech @pranavmukul

[Vaibhavi Khanwalkar @VaibhaviK08]

Read here for a deep dive by my friends @AjayRag3 & @dishaacharya_

https://t.co/D76Gi5LWBp

[𝐒𝐚𝐦𝐢𝐝𝐡𝐚 𝐒𝐡𝐚𝐫𝐦𝐚 @samidhas]

IMP story by @AjayRag3 @dishaacharya_ today on how offshore real money gaming/betting sites continue to operate six month after GOI banned RMG in India.

Must read 🚨🚨on @ETtech

https://t.co/OuhHmepMpw

[SK @sruthijith]

The ban on real money gaming in India might have sunk local players like Dream11, but offshore platforms are easily accessible and they continue to market themselves in India and are doing brisk business, ET’s @AjayRag3 and @dishaacharya_ find.

[Pratik Bhakta @PratikBhakta_89]

An important story by @dishaacharya_ and @AjayRag3