Rupee slide boosts IT; Gupshup’s valuation markdown

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The rupee’s sharp slide could give IT firms a surprise Q4 bump. This and more in today’s ETtech Top 5.

Also in the letter:
■ OpenAI buys TBPN
■ Sarvam set for mega fundraise
■ Big streamers chase microdramas


IT companies set for major windfall from sharp rupee depreciation

IT majors have

In a rare bright spot for an otherwise muted Q4, India’s IT giants could see a 10-60 basis points (0.1-0.6 percentage points) sequential revenue boost thanks to the rupee’s steep fall.

Currency tailwind: For firms that earn over 60% of their revenue from the US, the…



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Rupee slide boosts IT; Gupshup’s valuation markdown


The rupee’s sharp slide could give IT firms a surprise Q4 bump. This and more in today’s ETtech Top 5.

Also in the letter:
■ OpenAI buys TBPN
■ Sarvam set for mega fundraise
■ Big streamers chase microdramas


IT companies set for major windfall from sharp rupee depreciation

IT majors have

In a rare bright spot for an otherwise muted Q4, India’s IT giants could see a 10-60 basis points (0.1-0.6 percentage points) sequential revenue boost thanks to the rupee’s steep fall.

Currency tailwind: For firms that earn over 60% of their revenue from the US, the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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