ETtech

Actor Alia Bhatt was the recent public figure to have her deepfake video go viral on social media platforms. Earlier, Rashmika Mandanna and even Prime Minister Narendra Modi were subjected to such videos, pointing towards the rising menace of deepfake videos. So, what is the govt doing to tackle deepfakes? What can you do if you find a deepfake of yours on the internet today? Let's find out Actor Alia Bhatt was the recent public figure to have her deepfake video go viral on social media platforms. Earlier, Rashmika…

Funding taps for Indian startups remained dry this week with only $61.6 million coming in as investments for new-age companies, across 15 rounds, according to market intelligence firm Tracxn.The funding plummeted by 73% in the week from Nov 20 to 25, compared to the same period last year, when startups secured $224 million across 39 rounds. However, compared to last week, funding activity saw an uptick of 52%.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK Advanced…

After several decades of repeatedly missing the bus and opportunities in electronics and semiconductors, India in the last few years is making large and impactful strides in these areas. For decades, lack of political vision, inept governments and lack of resources caused India to be a minor insignificant footnote in electronics and semiconductors even as our northern neighbour China cleverly established dominance of the global value and supply chains of the $1.5 trillion electronics trade.Elevate Your Tech Prowess with…

Enterprise AI software firm o9 Solutions, with its massive raise of $116 million this week, helped correct declining startup funding values in the period from July 15 to July 21.Accordingly, late-stage startups made the bulk of funding during the week, raising a total of $193.1 million, while early-stage startups raised $20.9 million and seed stage ones received $20.7 million. ETtechThe overall total of $234.7 million from 19 deals marked a decline of about 37% compared to the same period last year when startups…

The funding landscape for Indian startups continues to remain bleak, with new-age companies managing to raise only $304 million across 19 rounds this week. This is a 29% decline from the same period last year, when investments poured in at a much higher rate with a total of $427 million coming in from 77 rounds.Sequentially, funding activity dipped 17%, compared to $366 million raised across 31 rounds, last week. ETtechOf the total funding raised this week, late-stage funding accounted for $171 million, making up 59%…

Another week has gone by, and the funding drought persists across the Indian startup landscape, with new-age companies mopping up just $103 million across 17 rounds in the last seven days. The funding raised by these companies plunged 85% year-on-year, from the $688 million raised across 45 rounds last year.ETtechSequentially, funding activity for Indian startups plunged 58%, against $243 million raised across 28 rounds last week. Bengaluru-based pet food-maker Drools led the funding activity this week, scooping up $60…

Cryptocurrency exchange Coinswitch is weighing an entry into online stockbroking in India. The Bengaluru-based exchange, which counts Tiger Global and Andreessen Horowitz among its investors, is planning to apply for a stockbroker’s licence with the Securities and Exchange Board of India. Coinswitch is also in deliberations with non-banking financial companies (NBFCs) and banks on offering fixed deposits, sources told ET. ETtech tries to answer some of the questions around Coinswitch’s potential entry into the crowded…

While people across India are reeling under the heat of an intense summer, things have been no better for startups across the country, which continue to shiver amid a prolonged funding winter, with no signs of a groundhog emerging to signal its end. New-age companies mopped up just $86 million this week across 17 rounds, recording a sharp fall of 58% from the same period last year, according to data provided by market research firm Tracxn. ETtechSequentially, funding activity for Indian startups plunged 85%, compared to…

Indian startups managed to raise just $1.06 billion in May, according to data provided by market intelligence firm Tracxn, with the flow from funding taps thinning down to a trickle. Funding activity saw a 69% decline year-on-year from the $3.42 billion raised by startups in May 2022. Month on month, there was a 44% slump in activity compared to April 2023, when startups raised $1.9 billion. ETtechThe funding numbers for May were bolstered by late-stage investments in app development startup Builder.ai and Walmart-owned…

Kunal Shah's Cred is expanding its lending strategy as it looks to tap a wider user base beyond the top layer of customers and offer a wider use case for credit. In a major change to the company's lending strategy, Cred plans to tap into the large market of consumers who are new to credit, that is they have never taken any formal credit in the past, two sources in the know told ET. Also, Cred wants to go beyond pure play personal loans for its own users and tap into new opportunities around consumer durable loans or check…