@ETtech

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

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ettech.com
Joined February 2015
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#ICYMI | Swiggy reported a 36% year-on-year increase in operating revenue to Rs 7,571 crore for July-September. 💵 Net loss narrowed 16% to Rs 922 crore from Rs 1,092 crore in the year-ago period.
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👉 The company’s food delivery gross order value increased 17.7% year-on-year to Rs 10,054 crore. 👉 Swiggy said its food delivery platform, excluding budget meals app Toing, clocked more than 20% growth in September, with more than 20 million transacting users.
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Read here: economictimes.indiatimes.com…

Swiggy Q2 revenue jumps 36%; loss narrows to Rs 922 crore - The Economic Times

The company’s food delivery gross order value (GOV) increased 17.7% year-on-year to Rs 10,054 crore, up 5.9% from the previous month. Swiggy said its food delivery platform, excluding budget meals...

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🆕 Swiggy to shift to inventory model starting Q3 FY27, eyes 80 bps Instamart margin boost The transition is likely to improve its quick commerce arm Instamart’s contribution margin by around 80 basis points once fully implemented. economictimes.indiatimes.com…

Swiggy to shift to inventory model starting Q3 FY27, eyes 80 bps Instamart margin boost - The...

The transition is likely to improve its quick commerce arm Instamart’s contribution margin by around 80 basis points once fully implemented. It will also give the Bengaluru-based company better...

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🚨 E-bike startup @UltravioletteEV targets 10,000 monthly sales by 2027-end On Thursday, Ultraviolette introduced its new 100-volt architecture — “VX-100” — and launched the X-47 Venom, the first motorcycle built on the platform. economictimes.indiatimes.com…

E-bike startup Ultraviolette targets 10,000 monthly sales by 2027-end - The Economic Times

E-scooters account for close to 20% of new scooter sales in India, while electric motorcycles make up less than 1% of new motorcycle sales, he added. He expects electric motorcycle adoption to pick...

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ETtech #Top5 | Swiggy’s Q2 report card; eMudhra to exit certificate biz Also in the letter: ■ Ola Electric rights issue ■ Amagi's cyber incident ■ Chapter Home funding Read more👇 economictimes.indiatimes.com…

Swiggy’s Q2 report card; eMudhra to exit certificate biz

Swiggy continued on its growth trajectory while bringing down losses in Q2FY27. This and more in todays ETtech Top 5.

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🚨 📊 Comparing financials of @Swiggy and Eternal in Q2 FY27:
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🚨 eMudhra to exit global SSL/TLS certificate business after controversy eMudhra revealed on Wednesday that private keys associated with its certificates have been compromised, which verify trusted digital assets & ensure secure online data transmission. economictimes.indiatimes.com…

eMudhra to exit global SSL/TLS certificate business after controversy - The Economic Times

Digital trust services provider eMudhra on Thursday said that it would voluntarily withdraw from the global SSL/TLS certificate business, following an incident where its certificates were found to...

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🚨 @Swiggy reports #Q2 results:
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📢A cluster of disclosures, patches and breach notices over the last two days have highlighted glaring lapses in software security.
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Of the lot, critical security flaws in a major programming language called PHP, the language behind a large share of the internet, rattled the world’s web infrastructure. More explained: economictimes.indiatimes.com…

ETtech Explainer: How a flaw in PHP, the code behind 70% of websites, sent governments offline -...

Since PHP powers 70% of the world’s websites, the vulnerabilities can allow unauthenticated attackers to execute code on affected servers or read sensitive process memory, which may contain passwor...

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💻Cybercriminals have used a system powered by multiple artificial intelligence (AI) models to target more than 400 banks and financial institutions across Latin America, according to a report published by cybersecurity firm Straiker on Wednesday.
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The system, called CARLIY0S, was allegedly developed by a cybercrime group known as CyberCartel to achieve scale by automating different stages of attacks, including analysing targets, identifying vulnerabilities and developing ways to break into systems.
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Read the full story here👇 economictimes.indiatimes.com…

Latin American Banks Cyber Attack: Cybercriminals used AI agents to target over 400 Latin American...

The system, called CARLIY0S, was allegedly developed by a cybercrime group known as CyberCartel to achieve scale by automating different stages of attacks, including analysing targets, identifying...

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🆕After government digital certification authority eMudhra disclosed that private keys tied to eight of its intermediate certificates had been compromised, social media had a field day, slamming the agency and poor cybersecurity measures by the government.
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The IT Ministry said it had taken "serious note" of the incident and constituted a special team to probe the matter. Read the full story here : economictimes.indiatimes.com…

eMudhra breach: eMudhra breach: Netizens react as IT Ministry says impact on Indian sites ‘very...

Cybersecurity agency CERT-In warned that the compromised keys could let attackers issue fraudulent certificates for domains they do not control, impersonate legitimate websites and carry out attacks...

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🆕Chapter Home, a home and kitchen products startup founded by former executives at online drugstore PharmEasy, has raised Rs 63 crore in a mix of equity and debt from Bessemer Venture Partners, venture debt firm Stride Ventures, comedian Tanmay Bhat and a group of family offices
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The round valued the company at close to Rs 1,000 crore. Read the full story at: economictimes.indiatimes.com…

Chapter Home funding: Chapter Home raises Rs 63 crore from Bessemer, Stride Ventures, others - The...

The startup plans to use the capital to strengthen product development, expand into new categories, invest in technology and brand building, and scale up distribution.

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💼Legal AI startup Legora has raised $550 million in a Series E round at a post-money valuation of $8.8 billion, as it looks to expand in the US and other international markets, the company said on Wednesday.
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The round was led by Atreides Management. New investors, including Baron Capital, Capital Group, Fidelity Management & Research Company, Glade Brook Capital Partners and JP Morgan, joined the round. Read the full story here 👇 economictimes.indiatimes.com…

Legora: Legal AI startup Legora raises $550 million at $8.8 billion valuation in Atreides-led round...

The round was led by Atreides Management. New investors, including Baron Capital, Capital Group, Fidelity Management & Research Company, Glade Brook Capital Partners and JP Morgan, joined the round.

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