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Hiring News

AI Agents are Quietly Rewiring How Indian IT Delivers and Hires

Indian IT firms are positioning themselves as controlled execution environments rather than sellers of autonomous tools. The post AI Agents are Quietly Rewiring How Indian IT Delivers and Hires appeared first on Analytics India Magazine .

Analytics India Magazine · Jan 12
Hiring News

BrowserStack announces $125 million share buyback programme; says, 'We want our team to feel the same ownership'

Mumbai-headquartered BrowserStack has announced a $125 million ESOP and share buyback programme to provide liquidity to its employees and early investors, with nearly half of the proceeds earmarked for around 500 staff members and the remainder set to go to early backers led by Accel. The buyback, which will be rolled out over the coming weeks, will see employees sell their stock options back to the company. With this transaction, BrowserStack will have returned a cumulative $275 million to shareholders across three buyback programmes. According to Tracxn data, founders Ritesh Arora and Nakul Aggarwal together hold about 78% of BrowserStack. Accel owns nearly 10%, while Bond Capital and Insight Partners hold about 1.3% and 0.6%, respectively. Roughly 10% of the company’s equity is allocated to its employee stock option pool. “As we scale AI-driven innovation, we want our team to feel the same ownership and pride that Nakul and I do every single day,” Arora told ET. He added that whi...

Indian Startup News · Jan 12
Startup Funding

Kalam Labs pitches near-space vehicles at a Rs 300 crore valuation; here’s how Aman Gupta responded

Kalam Labs, a near-space aerial vehicle research startup founded by three BITS Pilani graduates, drew admiration on Shark Tank India Season 5 as its futuristic pitch collided with tough valuation. The founders—Ahmad Faraz, Sashakt Tripathi, and Harshit Awasthi sought Rs 2 crore for 0.67% equity, valuing the company at Rs 300 crore. Kalam Labs develops near-space aerial vehicles capable of operating at altitudes of up to 43 kilometres, positioning them as a cost-effective alternative to satellites. During the pitch, the founders showcased footage of their launches and explained that the vehicles have been deployed for weather monitoring by the India Meteorological Department (IMD) and for surveillance-related applications with the Indian Army. The founders stated that Kalam Labs has completed over 60 launches, filed a patent, and is in the process of executing a Rs 1 crore order, with potential defence procurement expected to begin at Rs 150 crore. They also revealed that the company...

Indian Startup News · Jan 12