Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
Top Stories This Week
Bhavish Aggarwal, founder, Ola Group
Exclusive: Ola brand IP may transfer to Bhavish Aggarwal’s family office amid group restructuring | As Bhavish Aggarwal pushes ahead with the restructuring of his group companies, the intellectual property (IP) rights for the Ola brand—currently housed under ANI Technologies—are likely to be moved to a new holding entity controlled by his family office, according to people familiar with the matter.
Exclusive: Bira maker B9 Beverages delays interest payouts amid liquidity issues | B9 Beverages, the maker of Bira alcoholic beverages, has delayed interest payouts to some of its debt investors through fintech marketplace KredX, according to people aware of the matter.
Porter joins unicorn club with $200 million funding round; valuation hits $1.2 billion: On-demand logistics platform Porter has raised $200 million in a funding round led by private equity firms Kedaara Capital and Wellington Management. The round, comprising both primary and secondary transactions, has propelled Porter into the unicorn club with a valuation between $1.1 billion and $1.2 billion, according to sources familiar with the matter.
Ather Energy listing delivers strong gains for founders, investors despite muted debut: Promoters and early backers of Ather Energy, including Flipkart cofounder Binny Bansal, Tiger Global, GIC, and NIIF, have seen the value of their stakes more than double — even as the EV company’s shares slipped below listing price on debut.
MCA orders probe into Gensol, BluSmart for corporate governance violations: The corporate affairs ministry has ordered a probe into Gensol Engineering Ltd, BluSmart, and other affiliates to ascertain if the entities have been involved in any corporate governance violations, people familiar with the matter said.
Operation Sindoor
X's global affairs handle unblocked, withheld post on blocking orders visible now: X's handle @GlobalAffairs that made public on Thursday night the fact that the government had issued blocking orders for 8,000 accounts was unblocked in India after surprisingly being withheld on Friday morning.
Social media platforms abuzz with fake posts on Operation Sindoor: As tensions rise between India and Pakistan, social media platforms are awash with false and misleading content linked to Operation Sindoor.
Earnings Corner
Sriharsha Majety, Group CEO, Swiggy
Swiggy Q4: Losses double to Rs 1,081 crore despite 45% revenue growth | Food delivery platform Swiggy reported a sharp rise in its net loss for the fourth quarter, reaching Rs 1,081 crore, compared to Rs 555 crore in the same period last year.
Also Read: Quick commerce price war: Rivals offering steep discounts to capture market, says Swiggy CFO
Paytm Q4: Revenue declines, user base shrinks | One97 Communications, the parent of Paytm, reported a decline in revenue and marginal improvement in losses for the March quarter of FY25, amid one-time Esop-related expenses.
Unicommerce Esolutions logs 71% YoY rise in Q4 operating revenue | Ecommerce software firm Unicommerce Esolutions on Monday reported a 71% year-on-year (YoY) increase in its operating revenue at Rs 45 crore for the quarter ended March 2025.
Tech Updates
Apple supplier Jabil eyeing more AirPods casing from India plants: Apple supplier Jabil is planning to significantly boost sourcing of AirPods enclosures from India by tapping its planned second facility in the country, said multiple people aware of the developments.
TCS rolls out full variable pay to 70% of workforce: India's largest IT firm Tata Consultancy Services (TCS) has rolled out 100% quarterly variable pay to 70% of its employee base while the rest of the employees have received variable pay in the lower range and depending on the performance of their respective business units.
Eye on AI
Agentic AI reshaping enterprise software pricing, business models: Agentic artificial intelligence is changing the business models of Indian SaaS and enterprise software players, which are increasingly replacing humans with bots.
Why megabucks AI pilots may not guarantee scalable businesses for technology companies: Technology companies are investing megabucks on generating AI pilots to build competitive moats and futureproof revenue streams, but all of these capital outlays may not necessarily translate into scalable businesses, multiple industry experts and founders told ET.
Top Stories This Week
Exclusive: Ola brand IP may transfer to Bhavish Aggarwal’s family office amid group restructuring | As Bhavish Aggarwal pushes ahead with the restructuring of his group companies, the intellectual property (IP) rights for the Ola brand—currently housed under ANI Technologies—are likely to be moved to a new holding entity controlled by his family office, according to people familiar with the matter.
Exclusive: Bira maker B9 Beverages delays interest payouts amid liquidity issues | B9 Beverages, the maker of Bira alcoholic beverages, has delayed interest payouts to some of its debt investors through fintech marketplace KredX, according to people aware of the matter.
Porter joins unicorn club with $200 million funding round; valuation hits $1.2 billion: On-demand logistics platform Porter has raised $200 million in a funding round led by private equity firms Kedaara Capital and Wellington Management. The round, comprising both primary and secondary transactions, has propelled Porter into the unicorn club with a valuation between $1.1 billion and $1.2 billion, according to sources familiar with the matter.
Ather Energy listing delivers strong gains for founders, investors despite muted debut: Promoters and early backers of Ather Energy, including Flipkart cofounder Binny Bansal, Tiger Global, GIC, and NIIF, have seen the value of their stakes more than double — even as the EV company’s shares slipped below listing price on debut.
MCA orders probe into Gensol, BluSmart for corporate governance violations: The corporate affairs ministry has ordered a probe into Gensol Engineering Ltd, BluSmart, and other affiliates to ascertain if the entities have been involved in any corporate governance violations, people familiar with the matter said.
Operation Sindoor
X's global affairs handle unblocked, withheld post on blocking orders visible now: X's handle @GlobalAffairs that made public on Thursday night the fact that the government had issued blocking orders for 8,000 accounts was unblocked in India after surprisingly being withheld on Friday morning.
Social media platforms abuzz with fake posts on Operation Sindoor: As tensions rise between India and Pakistan, social media platforms are awash with false and misleading content linked to Operation Sindoor.
Earnings Corner
Swiggy Q4: Losses double to Rs 1,081 crore despite 45% revenue growth | Food delivery platform Swiggy reported a sharp rise in its net loss for the fourth quarter, reaching Rs 1,081 crore, compared to Rs 555 crore in the same period last year.
Also Read: Quick commerce price war: Rivals offering steep discounts to capture market, says Swiggy CFO
Paytm Q4: Revenue declines, user base shrinks | One97 Communications, the parent of Paytm, reported a decline in revenue and marginal improvement in losses for the March quarter of FY25, amid one-time Esop-related expenses.
Unicommerce Esolutions logs 71% YoY rise in Q4 operating revenue | Ecommerce software firm Unicommerce Esolutions on Monday reported a 71% year-on-year (YoY) increase in its operating revenue at Rs 45 crore for the quarter ended March 2025.
Tech Updates
Apple supplier Jabil eyeing more AirPods casing from India plants: Apple supplier Jabil is planning to significantly boost sourcing of AirPods enclosures from India by tapping its planned second facility in the country, said multiple people aware of the developments.
TCS rolls out full variable pay to 70% of workforce: India's largest IT firm Tata Consultancy Services (TCS) has rolled out 100% quarterly variable pay to 70% of its employee base while the rest of the employees have received variable pay in the lower range and depending on the performance of their respective business units.
Eye on AI
Agentic AI reshaping enterprise software pricing, business models: Agentic artificial intelligence is changing the business models of Indian SaaS and enterprise software players, which are increasingly replacing humans with bots.
Why megabucks AI pilots may not guarantee scalable businesses for technology companies: Technology companies are investing megabucks on generating AI pilots to build competitive moats and futureproof revenue streams, but all of these capital outlays may not necessarily translate into scalable businesses, multiple industry experts and founders told ET.
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