𝐒𝐚𝐦𝐢𝐝𝐡𝐚 𝐒𝐡𝐚𝐫𝐦𝐚

Editor @ETtech.🔥🔥Subscribe to ETtech newsletters , 📧📧 [email protected]

[𝐒𝐚𝐦𝐢𝐝𝐡𝐚 𝐒𝐡𝐚𝐫𝐦𝐚 @samidhas]

🚨🚨 Today, I finally got down to launching Full Stack, a separate space for my opinions, views & commentary on the new economy. Why Full Stack? Cos these will be rounded, balanced views & talk as much about tech companies & startups as the people who inhabit it…

[Pranav Mukul @pranavmukul]

. @ETtech break from yesterday confimed

[Nikhil Patwardhan @patwardhannn]

🚨In today's Morning Dispatch, @ETtech wrote about what Ola Electric's new QIP matters and what it means for the company. This along with a bunch of important developments

https://t.co/m8s7ONCn7z

[Shirin Ghaffary @shiringhaffary]

“We believe it would be good for the world to have the option to slow or temporarily pause frontier AI development to enable societal structures and alignment research to keep up with the advance of the technology.”

Quite a statement to publish the same week as an IPO filing

[TBPN @tbpn]

BREAKING: @bchesky is launching a new AI lab to build models, focused on UI and design

[ETtech @ETtech]

📢📢#ICYMI | Together Fund cofounder and managing director Manav Garg has joined AI startup Emergent as executive chairman, marking a return to an opening role, he wrote in a LinkedIn post.

[Pratik Bhakta @PratikBhakta_89]

Commission caps to pose existential threat to insurance distributors: Policybazaar’s Yashish Dahiya tells @ETtech

My story with @pranavmukul

https://t.co/VDeHAskwFa

[sandip sabharwal @sandipsabharwal]

WOW
They are effectively saying that the company has no value left
Peak valuation $ 7.3 Billion
Current valuation $70 Million
Drawdown 99%

[Pranav Mukul @pranavmukul]

🚨Exclusive: Kuku FM has filed draft papers with Sebi for a Rs 3,500-crore IPO

Company targeting a valuation of Rs 15,000 crore (vs ~Rs 4,500 crore from its last pvt funding round)

FY26 revenue up 7x at Rs 1,400 crore

Kuku's rival PocketFM is also looking to go public

@ETtech

[𝐒𝐚𝐦𝐢𝐝𝐡𝐚 𝐒𝐡𝐚𝐫𝐦𝐚 @samidhas]

🚨🚨Once valued at around $7 billion and a formidable Uber rival, Ola’s ride-hailing business is now worth just $70 million in Vanguard’s books.

Ola’s precipitous fall mirrors the valuation knockdowns of Byju’s and PharmEasy.

[𝐒𝐚𝐦𝐢𝐝𝐡𝐚 𝐒𝐡𝐚𝐫𝐦𝐚 @samidhas]

Kuku FM makes confidential filing with Sebi for Rs 3,500-crore IPO: sources

https://t.co/2pYvfslpAR

[Kate Clark @KateClarkTweets]

Scoop: Benchmark has raised $2 billion across two new funds, including its first growth fund, a big shift for a firm that spent decades defending a smaller, focused approach to venture investing. Details here:
https://t.co/bhikTRE3HI

[𝐒𝐚𝐦𝐢𝐝𝐡𝐚 𝐒𝐡𝐚𝐫𝐦𝐚 @samidhas]

@pranavmukul 🩵🩵

[Bloomberg @business]

Uber said it is cutting 23% of jobs in a division that includes human resources, recruitment, workplace facilities and culture, part of a move by the rideshare company’s newly promoted president Jill Hazelbaker to simplify team structure https://t.co/4D5IMrJY8e

[𝐒𝐚𝐦𝐢𝐝𝐡𝐚 𝐒𝐡𝐚𝐫𝐦𝐚 @samidhas]

The maker of Dove soap and Surf detergent cut its permanent workforce by 8.6% to 7,499 employees as of March 31 from 8,202 a year earlier, according to its annual report.

Its worker count also declined 5.3% to 17,490 from 18,465.

The latest workforce cuts indicate the pressure on consumer goods makers to improve productivity and protect margins as a broader consumption slowdown weighs on volume growth. Median employee remuneration at Hindustan Unilever increased 6.1% during the year.

[𝐒𝐚𝐦𝐢𝐝𝐡𝐚 𝐒𝐡𝐚𝐫𝐦𝐚 @samidhas]

HUL cuts permanent employee count by 8.6% in FY26 via @SagarMalviya_ET
https://t.co/ClkVJB4vpb

[Pranav Mukul @pranavmukul]

🚨ONDC has raised Rs 220 crore from Zoho, Uber, Paytm and BSE

Zoho: Rs 70 crore
Uber: Rs 60 crore
Paytm: Rs 60 crore
BSE Tech: Rs 30 crore

In a statement, Uber said this strategic investment adds to its earlier integration with ONDC of expanding mobility modes

@ETtech

[Ratna Bhushan @ratnabhushanET]

Coca-Cola announces IPO plans for its largest bottling partner HCCB, two years after it first started work on the listing.
The IPO, which was being planned for this year, should now hit the market in 2027, amid delays on account of the West Asia war & an erratic summer

ET broke both the stories

@EconomicTimes

[Nikhil Patwardhan @patwardhannn]

Japan's MUFG, Singapore's SIG, South Korea's Mirae Asset, and global tech investor Lachy Groom, have been quite active since 2025.

[Nikhil Patwardhan @patwardhannn]

🚨Scoop: MUFG is raising a new India-dedicated fund to invest in Series A and B rounds, sources tell us. The fund will largely back fintech companies.

MUFG's new fund comes as the investor mix for early and growth-stage funding is shifting in India🧵
@ETtech