Block deals test valuations; gig platforms quit welfare board

Happy Friday! Block deals are putting startups’ private valuations to the test. This and more in today’s ETtech Morning Dispatch.

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Infosys invests in AI enterprise procurement startup Aerchain

Infosys has invested an undisclosed amount in Bengaluru-based AI procurement startup Aerchain through its Infosys Innovation Fund. Founded in 2019, Aerchain offers an AI-powered procurement platform for enterprises. The investment follows its $13 million funding round in March.

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ET Startup Awards 2026 | Woman Ahead: Palmonas, Progcap share crown for building across sectors

Palmonas cofounder Pallavi Mohadikar and Progcap cofounder Pallavi Shrivastava jointly won the Woman Ahead award at the ET Startup Awards 2026. The jury recognised their distinct journeys in building high-impact businesses in jewellery and supply-chain finance, as both founders tackle underserved markets in the country.

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Anthropic to rent AI computing power from Nscale for $45 billion

Anthropic ⁠has been aggressively expanding its computing power to meet demand ​growth it expects for products like AI coding tool, Claude ​Code. Nscale, a cloud infrastructure provider, will deploy Nvidia's new Vera Rubin chips to support Anthropic's computing needs, ​the person said.

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AMI’s Nvidia chip bet; Groww’s new growth play

Happy Wednesday! AMI has ordered 9,000 Nvidia Vera Rubin chips, becoming one of Asia’s first such adopters. This and more in today’s ETtech Morning Dispatch.

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Brazil fines TikTok owner ByteDance for unlawful processing of teenagers' data

ANPD said that the local unit of China's ByteDance had processed personal data of teenagers aged 13 to 18 without a valid legal basis. The regulator estimated that, during the period under review, TikTok may have processed the data of at least 8 ‌million children, reflecting ⁠what it ⁠described as shortcomings in the platform's age-verification system.

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Gurgaon schools shift online, offices adopt WFH today amid heavy rainfall, waterlogging and traffic disruption

Gurugram schools have shifted to online classes today, August 25, 2026, while corporate and private offices have been advised to operate under Work From Home arrangements following heavy rainfall. The DDMA issued the advisory after around 75 mm of rain caused widespread waterlogging, stranded school buses and severe traffic disruption across key roads. The IMD has issued an orange alert, while civic teams are carrying out pumping, drainage and road maintenance work.

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