No spending freeze at startups; Swiggy, PharmEasy FY23 report card
Top internet firms didn’t let a ‘funding winter’ dampen their spending in the last fiscal, an ETtech analysis found. Details of this and more in today’s ETtech Morning Dispatch.Also in this letter:■ Byju’s cap table reset■ Bids for modernisation of SCL■ Nasscom’s suggestions for BudgetStartups talk up funding winter, but loosen their purse strings Several of the country’s top internet firms stepped up their spending during fiscal 2023 despite all the talk about controlling expenses given the onset of a ‘funding…