Ranveer Singh Deepfake Drama 🎭, Zomato Fee Hike 💰, Tesla in India? 🚗

Catch up on the latest in 🇮🇳 Indian 🇮🇳 startups and tech landscape - all in 5 minutes. [Newsletter Banner] Daily 🇮🇳 IndiaTech 🇮🇳 Roundup Welcome to today's NextBigWhat Daily News! Top stories: Ranveer Singh's deepfake controversy, Zomato's platform fee hike, and Elon Musk's potential Tesla investment in India.🎭💰🚗 Help us reach your your friends and colleagues! Share the NextBigWhat newsletter. [Tweet it]( [Whatsapp]( Zepto CEO Aadit Palicha doesn’t run the quick-commerce app. Then who does? 🇮🇳 IndiaTech Several former employees as well as legal experts point out this structure is convoluted. Deepfake: Ranveer Singh files FIR over misleading deepfake video with political message against PM Modi 🇮🇳 IndiaTech Ranveer Singh’s recent Varanasi visit was targeted by a deepfake video with falsified audio. He’s filed a police complaint and the Cyber Crime Cell is investigating. In the video, Ranveer Singh asserts that Prime Minister Modi did not fulfill his campaign promises and neglected crucial economic matters throughout his two terms in office. Mark Zuckerberg on open sourcing AI, Llama models and what lies ahead [NBW Newsletter Ad]( Let's save you 1.5 hrs of podcast listening with this summary Future of AI and more [Read]( IIT graduates face tough job market with salaries below ₹10 lakh 🇮🇳 IndiaTech - IIT graduates are receiving offers below ₹10 lakh due to companies scaling back on hiring. - A significant number of IIT Delhi graduates are still seeking employment, with many accepting minimum salary offers. - IIT Indore is expanding its employer pool and leveraging alumni networks to counter the global economic slowdown’s impact on placements. Piyush Gupta to leave Peak XV for new venture in secondary-focused VC funding 🇮🇳 IndiaTech - Piyush Gupta is departing Peak XV Partners to start his own secondary-focused venture capital fund. - Gupta, who joined the firm in 2017, played a key role in strategic development but was not an investing partner. - Peak XV and Gupta are parting on good terms, with plans for future collaboration on transactions involving portfolio firms. Get NBW News: The short news app for busy professionals. [App Store]( [Google Play]( Zomato increases platform fee by 25% and pauses Intercity Legends service 🇮🇳 IndiaTech - Zomato has raised its platform fee to Rs 5 per order, marking a 25% increase to enhance profitability. - The company suspended its Intercity Legends service, promising improvements and a return soon. - Ahead of its March quarter financial results, Zomato faces a GST demand and penalty totaling Rs 11.81 crore for services to foreign subsidiaries. In India, traditional shopping venues outpace online for clothing purchases 🇮🇳 IndiaTech - Despite the rise in online shopping, 47% of Indians prefer malls and stores for the ability to try clothes before buying. - Only 4% exclusively shop online, citing discounts and ease of returns as major reasons, while the majority value the physical shopping experience. - Physical stores remain preferred due to the tactile experience and immediate availability, despite online shopping’s convenience and growth during the pandemic. Dhruva space secures $15 million in series A funding for expansion 🇮🇳 IndiaTech - Dhruva Space, a space tech startup, has raised $15 million in Series A funding from a consortium including Indian Angel Network Alpha Fund and Blue Ashva Capital. - The funding round also comprises venture debts totaling Rs 24 crore from SIDBI and the Technology Development Board. - The funds will be utilized for new spacecraft manufacturing facilities, strategic acquisitions, and enhancing product offerings. Ankur Jain gears up to launch AI healthcare startup Jivi.ai 🇮🇳 IndiaTech - Ankur Jain, previously with BharatPe, is launching Jivi.ai, an AI healthcare startup, with a team from prestigious universities. - Jivi.ai aims to revolutionize primary healthcare using AI, and plans launches in India and the US with over 100 medical partnerships. - The startup has secured initial seed funding and is in talks for further financial rounds, marking Jain’s second entrepreneurial venture. Paytm secures NPCI nod for user shift to new banks 🇮🇳 IndiaTech - Paytm received approval from NPCI to start migrating users to new PSP bank handles. - The move follows Paytm’s integration with Axis, HDFC, SBI, and YES Bank for UPI payments. - Paytm aims to enhance the UPI ecosystem, ensuring secure transactions for users and merchants. Elon Musk to announce major Tesla investment in India during New Delhi visit 🇮🇳 IndiaTech - Elon Musk is set to announce a $2-$3 billion investment for a new Tesla factory in India, coinciding with his meeting with Prime Minister Narendra Modi. - The investment aims to tap into India’s burgeoning electric vehicle market, with the government targeting 30% of new cars to be electric by 2030. - Musk’s visit, amidst Tesla’s sales challenges in the US and China, also includes discussions on India’s EV policies and potential showroom openings in New Delhi and Mumbai. © 2023 Zakti Techmedia Pvt. Ltd. All rights reserved. | [Unsubscribe](