8 May, 2020
The latest episode of the TechThisWeek podcast brings you news and insights, wrapped up in a weekly roundup of the following hand-picked developments in the startup and enterprise technology ecosystems in India.
- Mukesh Ambani led Reliance Industries continued to build its fundraising momentum for Jio Platforms. After social media giant Facebook and US-based private equity firm Silver Lake, the company has brought Vista Equity Partners on board as an investor.
- The week saw French ethical hacker Robert Baptiste, known as Elliot Alderson by his Twitter handle, call out the Aarogya Setu app developers on a potential privacy issue.
- This was a week of contrasting performances for IT companies. While HCL reported robust growth of 16%, Cognizant was among the lowest with a 17% drop in net profits.
- Global consumer technology giants Uber and Airbnb along with Indian firm Cure.fit laid off employees in the ongoing Covid-19 crisis. While Uber laid off 3,700 full-time employees from areas of customer support and recruitment, Airbnb is letting go a quarter of its global workforce.