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Monday, December 22, 2025

What Are You Looking For?

AgriTech AI AirTech All News Apple Artificial Intelligence AviationTech B2B BeautyTech Blockchain

Recent

35+ Mac apps – build your own bundle from $2.50
Issue Subscribed 5% On Day 1 So Far
Lehar Footwears announced H1FY26 and Q2FY26 results, Reports Strong Revenue and PAT Growth
Grab to invest $60m in Vay’s remote-driven EV service
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What Are You Looking For?

AgriTech AI AirTech All News Apple Artificial Intelligence AviationTech B2B BeautyTech Blockchain

Recent

35+ Mac apps – build your own bundle from $2.50
Issue Subscribed 5% On Day 1 So Far
Lehar Footwears announced H1FY26 and Q2FY26 results, Reports Strong Revenue and PAT Growth
Grab to invest $60m in Vay’s remote-driven EV service
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The Economic Times

Funding

General Atlantic invests another $600 million in IPO-bound PhonePe

by The Economic Times
written by The Economic Times


PhonePe, India’s most valuable fintech company, has raised $600 million of new funding from General Atlantic (GA) as it gears up for a local listing early next year. GA’s decision to double down on the Walmart-backed company will make this its largest bet on a single company in the country, said people in the know, higher than its $870 investment in Reliance Jio Platforms in 2020.

Starting 2023, the US-based private equity group has already deployed $550 million in the company across multiple rounds. The latest investment reinforces its…



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Tech

Samsung beefs up advanced chip output after memory chip sales hit record high

by The Economic Times
written by The Economic Times



Samsung Electronics expects demand for memory chips for the global AI infrastructure build-out to far outstrip the company’s supply, and said on Thursday it will focus on mass producing its most advanced chips to capitalise on the boom.

Samsung posted record quarterly revenue from its key memory chip business on Thursday, an impressive turnaround, after disappointing performances in the past several quarters as it struggled to catch up with competitors in the AI chip race.

The world’s top memory chipmaker said it plans to significantly expand…



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Funding

Ecommerce tech startup Point AI raises $5.3 million in round led by Yali Capital

by The Economic Times
written by The Economic Times



Point AI, formerly named Try ND Buy, an artificial intelligence (AI) services company for online commerce, has raised $5.3 million in a round led by Yali Capital, founder Nitin Vats told ET.

Lip-Bu Tan, CEO of Intel Corporation and chairman of Walden Catalyst and Tremis Capital, also participated in the round.

The company provides AI solutions to ecommerce marketplaces for both the backend and frontend of the website. For the sellers’ side, the services include image generation, video generation, and an AI assistant, among others. For the buyers’…



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Tech

Microsoft Azure’s services restored after global outage

by The Economic Times
written by The Economic Times



Microsoft said late on Wednesday it had resolved an outage of its Azure cloud platform that had impacted the tech giant’s suite of productivity software, and a range of industries worldwide.

“While error rates and latency are back to pre-incident levels, a small number of customers may still be seeing issues, and we are still working to mitigate this long tail,” Microsoft Azure said, adding that the incident lasted for over 8 hours.

Alaska Airlines earlier in the day said it experienced a disruption to key systems, including its website, due to the…



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Funding

Quick service app Snabbit to expand into cooking, elder care, child care after $30 million fundraise

by The Economic Times
written by The Economic Times



As competition intensifies in the quick-service space, Bengaluru-based Snabbit is broadening its offerings to include cooking, elder care, and child care after raising $30 million in a funding round led by Bertelsmann India Investments (BII), according to founder Aayush Agarwal.

Snabbit, which offers hyperlocal, on-demand home services, raised $19 million in a round led by Lightspeed Venture Partners in May and $5.5 million in a round led by Elevation Capital in January. The latest funding marked the company’s third fundraise this year.

“We have an…



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Tech

ETSA 2025’s star speakers; Swiggy mulls $1.5 billion QIP

by The Economic Times
written by The Economic Times


Happy Thursday! A star-studded lineup of speakers will attend the 11th edition of the Economic Times Startup Awards this Friday. This and more in today’s ETtech Morning Dispatch.

Also in the letter:
■ Results corner: Ixigo, Shiprocket
■ Jupiter raises funds
■ SBI MF acquires Lenskart stake

ET Startup Awards 2025: Star-studded panel to shed light on startup story

ETSA 2025

(L-R) Rapido cofounder Aravind Sanka, Lenskart CEO Peyush Bansal, Union minister Piyush Goyal, Myntra CEO Nandita Sinha and Urban Company CEO Abhiraj Singh Bhal

It’s almost time!…



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Funding

SalarySe secures $11.3 million in round led by Flourish Ventures, SIG Ventures

by The Economic Times
written by The Economic Times



Gurugram-based fintech startup SalarySe has secured $11.3 million in a fresh funding round led by Flourish Ventures and SIG Venture Capital. Existing investors Peak XV Partners and Pravega Ventures also participated in the round.

This is the second major funding round in the company, after it raised around $5.3 million in its first institutional round. Overall SalarySe has raised $16.6 million since inception.

Speaking with ET, SalarySe cofounder Piyush Bagaria said that the company will invest in strengthening its technology infrastructure, grow its…



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Tech

ET Startup Awards 2025 | We must look beyond big-ticket listings to small caps going public: Peak XV’s Ashish Agarwal

by The Economic Times
written by The Economic Times


As India’s pipeline of new-age initial public offerings (IPOs) swells, the ecosystem must look beyond big-ticket listings and give due attention to small-cap startups going public as well, said Ashish Agrawal, managing director at Peak XV Partners.

In an interview to ET, Agrawal, who leads fintech investments at the venture capital firm, also underscored the importance of a stable and predictable regulatory environment for the sector.

“We should celebrate companies going public at a $10 billion market cap… but equally celebrate those listing at…



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Tech

Microsoft Azure, 365 down for thousands of users, Downdetector shows

by The Economic Times
written by The Economic Times



A brief outage affecting Microsoft‘s Azure and its suite of productivity software on Wednesday has started to clear up, according to tracking website Downdetector.

The Microsoft outage follows the disruption at Amazon AWS last week that caused global turmoil among thousands of sites, including some of the web’s most popular apps like Snapchat and Reddit.

Microsoft 365 said its services were experiencing downstream impact related to the Azure outage. A recent configuration change to a portion of Azure infrastructure is causing the outage, it said on its…



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Tech

Giving Nvidia’s Blackwell chip to China would slash US’s AI advantage, experts say

by The Economic Times
written by The Economic Times



If the Trump administration allows Nvidia to sell a version of its best AI chip to China, as the President opened the door to on Wednesday, experts say it would severely decrease the American advantage in artificial intelligence.

It could also effectively spell the end of US chip export restrictions, which were put in place in 2022 to make sure Beijing’s military would not benefit from American technology, and to slow the development of China’s AI efforts.

“If we decide to export B30As, it would dramatically shrink the US’s main advantage it currently…



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