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The CTO charm is wearing thin at Indian tech startups

Livemint

Livemint · 1y ago

The CTO charm is wearing thin at Indian tech startups

Several startups in India, including Zomato and Healthify, are re-evaluating the position of Chief Technology Officer (CTO) in their companies. Instead of hiring replacements for departing CTOs, these companies are either redistributing the responsibilities among other leaders or leaving the position vacant. By elevating internal executives or relying on existing leadership, startups like Swiggy, Byju's, Ola Mobility, and Udaan are avoiding the high costs associated with CTO salaries and external hires. The freezing of CTO roles aligns with the tightening of budgets and limited funding for startups in India. However, tech salaries have shown signs of recovery, with increases returning to pre-pandemic levels.

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Indian tech story 'fascinating,' hope for continued growth at CES: top executive

Economic Times

Economic Times · 7m ago

Indian tech story 'fascinating,' hope for continued growth at CES: top executive

India's technology sector is gaining global attention with its innovative startups showcased at CES, the world's largest tech event. The country's increasing influence in the global tech ecosystem is evident, as many international firms partner with Indian companies. The CES 2025 will feature numerous Indian startups at the India Pavilion organized by Motwani Jadeja Foundation. Notable participants include Mustard Glasses Inc., highlighting India's growing presence and advancements on this prestigious platform.

Apple Vision Pro makes it to Bengaluru streets. Netizens pour comments

Livemint

Livemint · 1y ago

Apple Vision Pro makes it to Bengaluru streets. Netizens pour comments

Apple's latest gadget, the Apple Vision Pro, made its way to the streets of Bengaluru, India, capturing the attention of netizens. A picture of a man wearing the virtual reality headset went viral, sparking conversations about the device. Priced at ₹2.8 lakh, the Apple Vision Pro is not only gaining attention for its advanced features but also highlighting the tech enthusiasm and thirst for innovation in the city. Internet users shared comments about encountering someone wearing the headset in public and concerns about potential hazards like potholes.

There was a Vision Pro party in San Francisco — complete with people dancing and pinching the air

Business Insider

Business Insider · 1y ago

There was a Vision Pro party in San Francisco — complete with people dancing and pinching the air

People in San Francisco have been spotted wearing Apple's new Vision Pro face computer in public at upscale locations like dance parties and dinner parties. The immersive device, priced at $3,499, offers both productivity and entertainment applications. Although Apple recommends using the Vision Pro in controlled indoor settings, some tech enthusiasts have been wearing them at parties, interacting with virtual elements only visible through their headsets. The high price tag has limited access to the device, but those who have tried it consider it an effective "party trick."

What’s next for India’s unicorn club in 2024?

Inc42 · 1y ago

What’s next for India’s unicorn club in 2024?

The Indian startup ecosystem experienced a slowdown in creating new unicorns in 2023, with only two emerging, marking the lowest number since 2017. However, as investors regain confidence in 2024, at least a dozen startups are expected to join the unicorn club. The fintech sector is likely to produce the most new unicorns, followed by ecommerce and enterprise tech. Startups are also considering going public to secure funds, with 14 tech startups expected to list in 2024. Additionally, the trend of reverse flipping, or redomiciling Indian startups back to India, is becoming prominent.

The tech-tonic trail of Accel: 40 years of fostering iconic, global tech companies

Economic Times

Economic Times · 1y ago

The tech-tonic trail of Accel: 40 years of fostering iconic, global tech companies

The article discusses the key lessons and messages for entrepreneurs in the Indian startup ecosystem from venture capital firm Accel. The partners emphasize the importance of focusing on one thing at a time rather than spreading efforts too thin. They advise founders to stick to their business's core DNA and prioritize fundamentals over vanity metrics. Building strong teams and leveraging their potential is highlighted as crucial. The article also mentions Accel's successful investments in companies like Flipkart and Freshworks, and highlights the firm's global collaboration and knowledge sharing in tech investing.

The U.S. Navy is more aggressively telling startups, 'We want you' | TechCrunch

TechCrunch · 2m ago

The U.S. Navy is more aggressively telling startups, 'We want you' | TechCrunch

The U.S. Navy is transforming its approach to working with startups, emphasizing faster and smarter procurement processes. Under CTO Justin Fanelli, the Navy is fostering more open partnerships, reducing red tape, and focusing on innovation by adopting new frameworks like a "horizon" model for technology adoption. This model evaluates companies through phased steps, emphasizing problem-solving over predetermined solutions. This change invites startups and tech companies to collaborate, addressing high-priority areas such as AI and legacy system modernization.

Walmart Layoffs: Who is Suresh Kumar, the Indian-origin CTO in news amid latest job cuts

Economic Times

Economic Times · 3m ago

Walmart Layoffs: Who is Suresh Kumar, the Indian-origin CTO in news amid latest job cuts

Walmart announced plans to cut 1,500 jobs at its Bentonville headquarters to streamline operations amid economic challenges. The layoffs, affecting the global tech team and others, will create new positions to enhance decision-making. Suresh Kumar, Walmart's Indian-origin CTO, has extensive experience from Microsoft, Google, and Amazon, and earns $15.98 million annually. Amid criticisms about H-1B hiring, Kumar's leadership and Walmart's tariff issues, highlighted by Trump, continue to draw attention.

Indian Startups Using LLM Models To Solve Real World Problems: Microsoft India CTO

Inc42 · 1y ago

Indian Startups Using LLM Models To Solve Real World Problems: Microsoft India CTO

Indian startups are increasingly using large language models (LLM) in niche languages to solve real-world problems, according to Rohini Srivathsa, CTO of Microsoft India and South Asia. During a panel discussion, Srivathsa highlighted the growing integration of AI in different industries and the potential it holds for India's economy. Sangeeta Bavi, Executive Director of Digital Natives at Microsoft India, mentioned that Microsoft has started paying startups working with LLM models, and emphasized the importance for businesses to prioritize AI or risk being disrupted by new technologies. Srivathsa also highlighted the potential of AI in real estate, financial services, and healthcare sectors.

Semiconductor founder hits back at Piyush Goyal’s ‘ice cream or chips’ remark

Economic Times

Economic Times · 4m ago

Semiconductor founder hits back at Piyush Goyal’s ‘ice cream or chips’ remark

A semiconductor startup founder responded to Union Minister Piyush Goyal’s critique of Indian startups, highlighting India's systemic challenges in fostering deep-tech ventures. Goyal's comments at Startup Mahakumbh 2025 suggested a preference for semiconductor innovation over consumer internet startups. The founder shared frustrations on Reddit about the bureaucratic hurdles and lack of support for high-tech projects, emphasizing that confronting these barriers is crucial for true innovation beyond consumer-facing products like food delivery.

India’s Sportstech Field: 13 Startups Tapping The Sports Opportunity

Inc42 · 10m ago

India’s Sportstech Field: 13 Startups Tapping The Sports Opportunity

Indian sports tech startups have raised a total of $139 million in funding across 29 deals from 2014 to November 2022. Despite the relatively low funding amount, there is growing momentum in the Indian sports tech space with notable figures launching sports tech funds, IIT Madras hosting its inaugural Sports Tech Start-Up Conclave, and Centre Court Capital introducing a sports tech fund worth INR 350 crore. There is still plenty of untapped potential for innovative startups in areas like venue booking, athlete performance tracking, and analytics.

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