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Next Bleak job market for H-1B returnees; Delhivery investors' exit Want this newsletter delivered to your inbox? Also in the letter No vacancy at home
Next Bleak job market for H-1B returnees; Delhivery investors' exit Want this newsletter delivered to your inbox? Also in the letter No vacancy at home: Worsening job market greets H-1B returnees Trouble brewing at home India is the top choice GCCs to the rescue Also Read GCCs outpace IT services in tech hiring, driving AI & cloud talent Layoffs rising Delhivery investors cash out as stock nears IPO price Tell me more Why it matters Breaking it down SoftBank has sold stake worth around Rs 180-200 crore.
Nexus cashed out stock worth approximately Rs 924 crore. Alpha Wave Global, which entered Delhivery's cap table prior to its May 2022 IPO, sold Rs 665 crore worth of stock this quarter to make a full exit. By the numbers Also Read What's next VCs pivot to EV infra & energy storage in new $65 million funding wave Who is looking Emo Energy is in talks to raise Rs 150-200 crore ($16-21 million). Baaz Bikes is in talks to raise nearly $15 million. Electric tractor startup Moonrider is in the market for a $20 million funding round.
EarthEn Energy, which is developing heat-storage batteries for industrial customers, is raising a $3 million seed round. VC interest: VC interest Also Read India's battery makers say new recycling rules may pull the plug on their business Amazon CEO Andy Jassy meets PM Modi; to invest $48 billion in India by 2030 More on this Amazon will invest an additional $13 billion in India by 2030 to expand its artificial intelligence (AI) and cloud infrastructure. The new commitment raises Amazon's planned India outlay to $48 billion by 2030, from $35 billion announced earlier.
Amazon also plans to open more than 20 fulfilment centres and over 100 last-mile delivery stations this year as it expands its quick commerce operations. The company said its India investment has touched about $40 billion, including FDI and reinvested earnings from local operations. Other Top Stories By Our Reporters Calls for sovereign AI grow Meesho CHRO Ashish Singh quits Global Picks We Are Reading
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