Ajay Rag
@AjayRag3
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Journalist at The Economic Times
Mumbai
Joined April 2020
Early-stage venture funds have made big gains in this year's startup IPO frenzy. Peak XV, Accel, Elevation, Tiger and Ribbit among the big gainers I write with @pranavmukul
https://t.co/S8pjh1xevp
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ππNew-age IPOs in 2025 have kept VCs and late-stage investors in India busy cashing out from their positions An analysis of investor exits (part & full) from the six new-economy companies that have gone public this year With @PratikBhakta_89 for @ETtech Full story below:
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Lokvir Kapoor, cofounder of Pine Labs receives a memento from CEO Amrish Rau at the company's listing ceremony at the BSE.
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Pine Labs never wanted to compete on price. They were focused on value proposition... and customer centricity, Shailendra Singh of PeakXV said.
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Pinelabs have shaped PeakXV's world view to a degree, MD Shailendra Singh said at the fintech's listing ceremony. "People think investors have some kind of expertise that will help a company to grow. The truth is that we learn everything from mgmt and founders" @ETtech
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Ashish Agrawal, managing director at @peakxvpartners receiving the Midas Touch award from union minister @PiyushGoyal at the #ETStartupawards
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Urban Company cofounder Abhiraj Bhal receiving Startup of the Year Award from minister @PiyushGoyal at #ETStartupAwards.
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Founders of @MinfyTech receiving the bootstrap champ award from union minister @PiyushGoyal at the #ETStartupawards
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The aim for us was not to disrupt the duopoly (of Ola and Uber), Aravind Sanka, cofounder of @rapidobikeapp at #ETStartupAwards "We thought Ola and Uber have not solved the real problem. We were always value conscious, to provide better value to our users," he said. @ETtech
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Zetwerk sues General Catalyst-backed Ayr Energy over alleged misuse of confidential data By @AjayRag3 Read more at: β¬οΈ https://t.co/YQCr0JB4Bm
economictimes.indiatimes.com
The lawsuit claims Ayr Energy, founded by a former Zetwerk executive, unlawfully used confidential data, including business strategies and customer lists, to rapidly build its operations and approach...
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π¨π¨Kabeer Biswas to exit Flipkart Minutes; Kunal Gupta to take charge of 10-minute delivery vertical Less than a year after joining Flipkart to spearhead its quick commerce foray, Flipkart Minutes, Dunzo cofounder Kabeer Biswas is leaving the Walmart-owned ecommerce major,
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UnifyApps raises $50 million led by WestBridge Capital; names Ragy Thomas co-CEO By @AjayRag3 & @VaibhaviK08 Read more at:ππ https://t.co/j2z86i6U4J
economictimes.indiatimes.com
Enterprise software firm UnifyApps secured $50 million in a funding round. WestBridge Capital led the investment. Ragy Thomas, Sprinklr founder, joins as chairman and co-CEO. UnifyApps enables...
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Ola founder Bhavish Aggarwal, exec booked after employee names them in suicide note https://t.co/LXNKsu3tqA
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Digital payments eye sharper success rates as biometrics, passkeys replace OTPs By @PratikBhakta_89 & @AjayRag3 Read more at: β¬οΈ https://t.co/RT8FK00vQb
economictimes.indiatimes.com
One-time passwords (OTPs), the default second factor of authentication, have been prone to delivery issues, often leading to transaction failures, said industry executives. Passkeys and biometric...
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π₯Netbanking interoperability goes live at GFF2025..π₯ Almost a year back I had written about this being in the works with HDFC Bank and ICICI Bank. https://t.co/rzp0K9zoiO
economictimes.indiatimes.com
The National Payments Corporation of India (NPCI) is in the process of integration with five to six banks for the launch of interoperability in net banking and mobile banking-based payments in the...
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