Top startup & tech stories this week

Welcome to a brand new edition of ETtech Unwrapped – our weekend newsletter. The week was packed with important stories broken by our reporters. Here’s a recap if you missed these stories.

from Tech-Economic Times
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GlobalLogic sees increased business from India-based GCCs

GlobalLogic has seen a significant increase in its India business due to the growing number of global capability centres (GCCs) in the country, according to the company's top executives.

from Tech-Economic Times
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IAMAI view on draft Digital Law not shared by all constituents: four members tell MCA

Four members of IAMAI, including Bharat Matrimony, Match Group, Hoichoi, and ShareChat, express divergent views on ex-ante regulation in the draft DCB to the Ministry of Corporate Affairs.

from Tech-Economic Times
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Spain's data protection agency suspends two of Meta's EU election apps

Spain's data protection watchdog AEPD orders the provisional suspension of Meta's planned products for the European election on Instagram and Facebook, citing potential violations of Spanish data protection laws.

from Tech-Economic Times
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Reliance Retail starts ONDC pilot via retail platform Fynd

Reliance Retail, a subsidiary of Reliance Industries, has begun testing the government's Open Network for Digital Commerce (ONDC) through Fynd, an omnichannel retail platform in which Reliance holds an investment.

from Tech-Economic Times
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Wipro's majority public shareholders oppose ex-CEO Delaporte's $4.33 million severance

At least 78.4% of the Azim Premji-led IT major's public shareholders or 10.31% of overall shareholders voted against the cash compensation awarded to Delaporte, showed the voting records published on BSE on Thursday.

from Tech-Economic Times
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B2B fintech startup Vegapay raises $5.5 million from Elevation Capital

Vegapay had raised $1.1 million in its first institutional funding round in 2023 led by Eximius. According to the company, the newly raised fund will be used to enhance Vegapay’s product suite, focusing on product development and regulatory compliance.

from Tech-Economic Times
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