Ruchi Sanghvi and Aditya Agarwal, through South Park Commons (SPC), aim to support entrepreneurs globally, with a focus on India. Their unique approach involves nurturing ideas even before company formation.
Byju s, once the poster boy of Indian ed tech, stands on the precipice of collapse. Byju Raveendran, the educator turned entrepreneur pushed it to wild limits of growth, with 28 rounds of fundraising that ultimately valued it at $22 billion and a debt-fuelled spree of acquisitions. Now many of the moves have backfired. The company’s cash reserves are razed; it faces legal wrangles; has antagonised investors and is struggling to raise money. With angry investors calling for Raveendran’s ouster, is it the final chapter for this unicorn? Host Anirban Chowdhury talks to Nirgunan Tiruchelvam, head of consumer and internet at Aletheia Capital, ET’s Samidha Sharma, Manu Toms, and Rashmi Rajput. Tune in to the latest episode of The Morning Brief podcast!
While tech biggies including Microsoft, Google, and Meta are leading the charge on AI, more localised contingents are emerging across geographies, including in India and the European Union.
Reliance Retail, which is an investor in Dunzo, is yet to sign off on a much-needed capital infusion in the cash-strapped company. All about this and more, in todays Morning Dispatch.
In an interview with ETtech, Jeff Dean, chief scientist, Google DeepMind and Google Research, spoke about playing catch-up in the artificial general intelligence (AGI) race, its chatbot Bard s launch, impending release of Googles Gemini — a ChatGPT competitor — as well as strategies to combat misinformation fuelled by AI tools.