ETtech

Breaking news, insights & smart analysis on the business of technology, startups & the new economy in India, from the reporters at The Economic Times.

[ETtech @ETtech]

ETtech #Top5 | Eternal’s Q2 profit rises; SBI flags customer data leak

Also in the letter:
■ MyGate-Adonmo merger
■ Oyo parent halves IPO fresh issue
■ OpenAI agents weaken monitoring

Read more👇
https://t.co/gm5MCoOT27

[ETtech @ETtech]

🚨 IT Ministry takes 'serious note' of eMudhra incident, forms special team

It also said some social media accounts were indulging in fear-mongering about the impact.
https://t.co/NWmAQ4Gd3I

[ETStartupAwards @StartupAwardsET]

Startup culture has its own set of unwritten rules. But which ones actually deserve a green flag? The jury is out.

At the ET Startup Awards 2026, we got founders and VCs to weigh in on the habits, trends and quirks of startup life.

What’s a startup green flag you’ll always push for?

#ETStartupAwards #ETSA2026 #RedFlagGreenFlag #StartupCulture #IndianStartups #Founders

@ultasawaal @armatrix_IN @VaniKola @pallavi_s @Manu_Chandra @bothras_ @amanpriyadarshi

@IDFCFIRSTBank @EdgeByTitan @TheLeelaHotels @Tracxn @EconomicTimes

[ETtech @ETtech]

🆕 Deepinder Goyal’s Temple to open pre-orders on November 1

Each Temple will be handmade to order and delivered within three months of purchase, Goyal said.

Read here:
https://t.co/oMv2idCLDf

[ETtech @ETtech]

🆕🔗 Blinkit sees no compelling case for expanding private labels, says @albinder

Read here:
https://t.co/JhDKyiaJiY

[ETtech @ETtech]

Read the full story here👇
https://t.co/OIztiXwhMM

[ETtech @ETtech]

🆕Eternal-owned dining, events and ticketing platform District is growing faster than the company’s projections, with its net order value (NOV) growth trending at 50% year-on-year, against an earlier guidance of 30%.

[ETtech @ETtech]

“We also remain on track towards our earlier guidance of Rs 28,000 crore NOV ($3 billion) and Rs 1,400 crore ($150 million) adjusted EBITDA by FY30,” Eternal chief financial officer Akshant Goyal said, in the company’s quarterly shareholders letter.

[ETtech @ETtech]

Read the full story👇
https://t.co/OIztiXwhMM

[Pranav Mukul @pranavmukul]

Knives out for Blinkit against Amazon, which has been expanding aggressively in the quick commerce space

"We don't think the line between quick commerce and ecommerce will mean much over time," says Albinder Dhindsa

Blinkit expanded assortment by 20K SKUs in two qtrs

@ETtech

[ETtech @ETtech]

🚨 #Eternal reports Q2 results:

[ETtech @ETtech]

The company is expected to announce the product later on Wednesday, alongside its September-quarter earnings. Details about https://t.co/pX9xZOKB99, including its intended use cases and target customers, remain unclear.

Read the full story here👇
https://t.co/gD9lMSvj7L

[ETtech @ETtech]

📢Deepinder Goyal, founder of Zomato and vice chairman of its parent company Eternal, has teased a new artificial intelligence product being developed by the Gurugram-based company, signalling a push to expand its AI offerings beyond customer support.

[ETtech @ETtech]

However, diverging trends in quick commerce are likely to reflect in their profitability, with Eternal expected to improve margins while Swiggy faces bottomline pressures for Instamart, its quick delivery division.

Read the full story 👇
https://t.co/xR0mwaANdZ

[ETtech @ETtech]

🆕Food delivery and quick commerce companies Eternal and Swiggy are expected to report strong revenue growth for the July-September period, with brokerages estimating Eternal’s qcommerce arm Blinkit gained scale and that both companies’ businesses benefited from steady demand.

[ETtech @ETtech]

Wipro GE HealthCare considering fifth India plant, plans to double exports

Read more at:
https://t.co/M7YrhAGxEc

By @puranchdET

[ETtech @ETtech]

It’s unity in diversity to draw data centres

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

By @SurakshaPinnuET @Subhayan_ET and @diarekhiET

[ETtech @ETtech]

🆕 As concerns over power and water consumption by data centres rise, states such as Uttar Pradesh, Karnataka, Telangana, Odisha, West Bengal and Tamil Nadu are taking different approaches to attract investments in the burgeoning sector. 🧵

[ETtech @ETtech]

The key test for states will be whether they can provide power at scale, create capacity quickly and offer globally competitive electricity tariffs, according to executives and officials tracking the sector.

[ETtech @ETtech]

AI startup Simplismart in talks to raise $40-50 million; valuation may triple

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

By @pranavmukul

[ETtech @ETtech]

🚨🆕 AI infrastructure startup Simplismart is in talks to raise $40-50 million at a valuation of $300-400 million, potentially more than tripling its valuation in a matter of months, as investors step up bets on a limited pool of AI businesses in India. 🧵

[ETtech @ETtech]

Peak XV Partners and Damac Digital, the data centre arm of Dubai-based real estate group Damac, are in discussions to invest in Simplismart, the people in the know said.