India’s startup ecosystem continues to show resilience and growth as several startups raised significant funding on 2 June 2025. From fintech to fashion, here’s a quick roundup of the major funding developments:
Udaan Raises $114 Million at $1.8 Billion Valuation
B2B e-commerce giant Udaan has secured $114 million in a flat round, maintaining its $1.8 billion valuation. This funding will help Udaan strengthen its supply chain infrastructure and focus on core business operations. The round reflects investor confidence in Udaan’s long-term business model despite a highly competitive sector.
Snitch Raises $40 Million in Series B Round
Direct-to-consumer (D2C) fashion brand Snitch secured $40 million in its Series B round, signalling strong investor interest in the fashion-tech space. The funding will accelerate product development, tech integration, and omnichannel expansion, allowing Snitch to capture more of the urban menswear market.
Spense Raises $1.85 Million in Series B Round
Bengaluru-based fintech startup Spense raised $1.85 million in its Series B funding round. The fresh capital is expected to fuel product innovation, technology development, and market expansion. With financial inclusion as a central goal, Spense is well-positioned to scale its offerings across Tier 2 and Tier 3 cities.
Pepperfry Secures INR 43.3 Crore to Boost Growth
Online furniture marketplace Pepperfry has reportedly raised INR 43.3 crore to accelerate growth and expand its offline studio footprint. This investment aims to strengthen its omnichannel strategy and deepen its presence in key urban and semi-urban markets.
Samunnati Raises INR 50 Crore for Agri-Financing Expansion
Agri-financing company, Samunnati, secured INR 50 crore to enhance its credit solutions for farmer collectives and agri-enterprises. The funding will be used to strengthen its digital platform and support sustainable agriculture models.
Indian startups are gaining momentum across verticals. Stay tuned to StartupTalky for more daily updates on startup funding, industry movements, and emerging trends.
If your company has raised funds recently, reach out to us at story@startuptalky.com to get featured.
In a major step toward enhancing capital access for the smallholder farmers, Samunnati, India’s leading agri-value chain enabler, has successfully concluded its latest INR 50 crore NCD (Non-Convertible Debenture) tranche through the digital bond platform Wintwealth. This is an important milestone, as the total fund raised via the Wintwealth platform has now reached to impressive INR 160 crore.
This proactive approach to fundraising and strategic partnerships underscores its commitment to financial innovation and rural development. This milestone has not only fortified Samunnati’s capital base but also paved the way for retail investors to directly participate in the growth of Indian agriculture, making them key contributors to a more inclusive and resilient rural economy.
“Our journey with Wintwealth has not just been about raising capital—it’s about building trust, access, and opportunity,” said Anil Kumar SG, Founder & CEO, Samunnati. He added, “We deeply value our partnership with the Wintwealth team, whose innovative platform has opened up new avenues for channeling capital to where it is most needed. As we gear up for the next phase with a planned ₹300 Cr raise, we remain committed to creating impact at scale across the agri value chain.”
Samunnati’s mission to make markets work for smallholder farmers finds deeper resonance in its ability to bring mainstream retail capital to agri-finance, enabling scale and sustainability across the ecosystem.
“SEBI’s reforms have made the bond market accessible to retail investors, and they can now invest in listed bonds at ticket sizes as low as ₹10,000. It’s heartening to see the overwhelming response that Samunnati’s listed bonds have received. This capital infusion is enabling much-needed financial momentum in India’s agriculture sector—something Samunnati is proud to lead,” said Anshul Gupta, Co-founder, Wintwealth.
Samunnati has consistently worked to bridge the gap between smallholder farmers and formal financial systems by creating innovative, scalable models that blend finance, technology, and market linkages. From enabling access to working capital for FPOs to building inclusive supply chains, Samunnati has positioned agriculture not just as a livelihood sector, but as an investable opportunity for institutions and individuals alike.
Earlier, Samunnati made headlines by registering its Green Bond on the BSE, a pioneering move for the agri sector. As India’s agriculture continues to evolve with technology and innovation, Samunnati remains committed to catalysing systemic change through blended finance and strategic partnerships.
Micro job websites connect people with short online tasks, like data entry, surveys, writing, and app testing, which require no experience or special skills. This gives people the freedom to work whenever and wherever they want. For this reason, the job is a good option for students, housewives, or anyone looking to make an extra buck on the side. Payments are made per task, which mostly amount to a meagre sum, either through PayPal, bank transfers, or gift cards. While the jobs do provide some extra money and allow working individuals to learn a few skills, the pay is quite low and competition is incredibly stiff; hence, it is better seen as a side income rather than a primary one.
In this article, explore the list of best micro job websites to make money online doing small tasks.
Freelancers and businesses looking to offer or hire services across categories like graphic design, writing, marketing, video editing, and more at flexible price points.
Fiverr – Top Micro Job Sites to Make Money Online
Fiverr is an online marketplace around the globe, and it connects freelancers from all domains, diverse segments such as digital marketing, writing, technology, design, video editing, etc. It adopts the model of project-based freelancing, wherein people called sellers offer their services in pre-defined formats called “gigs” for a certain price, starting from $5. A few features of this marketplace include robust review and feedback systems, secure escrow payments, profile pages, direct messaging, and the most extensive search filters. It also has high-end tiers such as Fiverr Pro for vetted talent and Team Account for collaborative work. Overall, it is easy for buyers and sellers to use Fiverr due to its user-friendly interface, transparent rating systems, and various payment methods.
Pros
Wide range of freelance opportunities
Securely held funds in escrow
Review and feedback mechanisms are clear.
Cons
Fiverr charges sellers a commission of 20% on all earnings.
Buyers pay a service fee of a minimum of 5.5% for every transaction.
Pricing
Plan
Pricing
Commission Fee
20% commission on all transactions
Seller Plus
$29/month
Clickworker
WEBSITE
www.clickworker.com
Rating
4.2
Free Trial
Yes
Best For
Individuals seeking microtasks and businesses looking to outsource small digital tasks like data entry, text creation, web research, and surveys.
Clickworker – Top Micro Job Sites to Make Money Online
Clickworker platform works all over the world to help businesses find a huge number of freelancers called Clickworkers who take on microtasks such as the creation of training data for AIs, conducting surveys, categorizing data, web researching, text creation, tagging, and moderating content. This platform has over 7 million active users across the world and offers tasks in more than 45 languages in 70-plus markets. Among its distinguishing features are mobile app flexibility, flexible working hours, automated quality assurance, and an assortment of tasks from anywhere. Clickworker is lauded for its scalability and data heterogeneity while respecting international data protection standards, thus catering to many in search of alternative income.
Pros
Numerous small tasks are always available.
No expertise is required in most tasks.
Support for multiple languages and various countries.
Cons
Pay is low per task on average.
Uncertain payout timelines.
Pricing
Commission varies on work
Upwork
WEBSITE
www.upwork.com
Rating
4.6
Free Trial
Yes
Best For
Freelancers and businesses seeking professional services in areas like writing, design, development, marketing, and customer support, with flexible hiring models and global talent access.
Upwork – Top Micro Job Sites to Make Money Online
Upwork is that very leading and global freelance marketplace where independent professionals can connect with businesses in sectors such as writing, designing, programming, marketing, and even consulting. The primary platform has its Talent Marketplace, superior job-matching algorithms, and features like SafePay escrow, a dispute resolution mechanism, and a detailed system of reviews for safe as well as transparent transactions. Freelancers can browse job listings, submit proposals using Connects, or offer pre-defined service packages through the Project Catalog. Upwork endorses flexible remote work, offers tools for time tracking as well as project management, and gives freelancers access to an international customer base.
Pros
A broad spectrum of customers from various countries.
Strong payment protection and dispute resolution
Good project management and time tracking tools
Cons
Heavily competitive among freelancers
Connects (bidding credits) and profile raises incur extra costs
Individuals looking to earn by completing small online tasks, and businesses seeking a global crowd for microjobs like data collection, surveys, app testing, and content moderation.
Microworkers – Top Micro Job Sites to Make Money Online
Microworkers is a global crowdsourcing platform to connect employers and workers in simple microjobs such as data collection, annotation, image or video tagging, transcription, surveys, product testing, and research that take little time to complete. The site includes dashboards for employers and workers, task speed control, campaign templates, two-step verification and rating, and an online chat to facilitate communications without relying solely on email. Workers have access to unlimited jobs, ready to earn funds for each completed work unit, and can take eligibility tests to qualify for more lucrative jobs. Employers use campaign management tools, customizable templates, and targeted hiring to make the best use of the service.
Pros
Working hours are flexible, and work can be done remotely.
Payout threshold for many payment options is nonexistent.
Instant chat options to seek support or clarification on a task.
Cons
Payment for individual tasks/gigs is low, so earnings may seem small.
Tasks can be flagged as unavailable in each country depending on a qualification.
Pricing
Withdrawal fees depend on the payment mode
Swagbucks
WEBSITE
www.swagbucks.com
Rating
4.3
Free Trial
Yes
Best For
Users looking to earn rewards or gift cards by completing online activities such as surveys, watching videos, shopping online, and using coupons.
Swagbucks – Top Micro Job Sites to Make Money Online
Swagbucks is one of the most well-known online rewards platforms, wherein users get to earn points known as SB by fulfilling various activities like participating in surveys, watching videos, shopping online, playing games, using the Swagbucks search engine, and discovering partner offers. The site caters to the needs of its users even more by giving three options for accessing their site via a web interface, a mobile application, and even an extension on any browser. Now, earning SB points requires no geographical constraints. These points can be redeemed as gift cards for major retailers or cash via PayPal, starting at a very low payout threshold of just 300 SB (approximately $3).
Pros
Flexible – accessible via web, app, or browser extension.
An extensive variety of gift cards or PayPal cash options stands available.
Reliable and with a strong reputation for regular customer support.
Cons
Task earnings are very low
Some offers or surveys are not available for all users.
Freelancers and businesses looking to collaborate on projects across various domains like IT, design, marketing, writing, and engineering through a competitive bidding system.
Freelancer – Top Micro Job Sites to Make Money Online
Freelancer is indeed a giant among the multitude of micro-jobbing and freelance outlets spread far and wide; the various projects undertaken include the simplest of data entry and content writing jobs to the much more serious and complex ones, such as software development and design jobs. It is a bidding kind of platform where interested freelancers would have to bid for the posted jobs, together with the options of hourly or fixed-price contract types. The main features are milestone-based payments, a secure escrow system, time-tracking tools, dispute resolution, as well as a messaging system allowing the clients to directly communicate with their freelancers.
Pros
Extensive job categories and various project types
Worldwide client and freelancer spectrum for larger opportunities
Safe escrow and milestone payment protection systems
Cons
High competition in the industry
Often, bidding requires sending a multitude of proposals.
Pricing
Plan
Pricing
Basic
$4.66/month
Professional
$35.06/month
Premier
$70.12/month
Survey Junkie
WEBSITE
www.surveyjunkie.com
Rating
4.4
Free Trial
Yes
Best For
Users looking to earn money or rewards by taking online surveys and sharing opinions with market research companies.
Survey Junkie is a famous online site where users get paid for their opinion on surveys, product testing, or focus group discussions. It is free to join and quite simple to use. This means that no special skills are needed from the users; they just sign up, fill out their profile, and then get matched for the relevant surveys. Most surveys take 5-20 minutes to complete and reward between 20 and 400 points per survey, which can then be turned in for PayPal money or e-gift cards once a certain minimum number of points is reached. Survey Junkie also has a browser extension called “Surf to Earn,” which makes money while you surf the internet.
Pros
It’s free and simple to use with a user-friendly interface.
Reliable and early payments
Accessible and flexible by web use, mobile, and browser extension.
Cons
Very limited earning potential; surveys yield very low returns.
Available only in the United States, Canada, and Australia.
Remotasks
WEBSITE
www.remotasks.com
Rating
3.4
Free Trial
Yes
Best For
Individuals seeking flexible, remote microtasks such as image annotation, transcription, and AI training, with potential earnings up to $18/hour.
Remotasks – Top Micro Job Sites to Make Money Online
Remotasks, which is a micro-tasking platform to which remote workers submit tasks in return for payment, is very well-known as a micro-tasking platform that offers tasks ranging from online data labeling and image annotation to audio transcriptions and AI training. Scale AI owns the platform, which allows a flexible timetable and thus permits anyone with Internet access from anywhere in the world to work here. Free training and skill assessments are provided to all newbies, after which individuals qualify for paid tasks. Successful advanced test passing grants access to unlock higher-paying projects at their convenience. The site comes with filtering for tasks, performance analytics, safe payments, and community support.
Pros
Shifts are flexible, and remote work can be done as well.
Free training and development to jobs that pay more.
Freelancers offering digital services priced from $5 to $50, including SEO, graphic design, and social media tasks.
GigBucks – Top Micro Job Sites to Make Money Online
GigBucks is a simple micro job platform that lets freelancers do gigs for pay ranging from $5 to $50 per piece. There are many services offered, which include SEO, writing, advertising, video creation, but also translation, and so on. There is no charge for registration, and sellers can post multiple gigs on the platform for free. This gives sellers the chance to prove their skills and get clients from around the world. The platform has a level system that opens higher price tiers as gigs are completed and positive ratings are accumulated. Payments are received after the 14-day clearance period, using either PayPal or Payza, and GigBucks extracts 18% to 20% from the earnings.
Pros
Free registration
A wide variety of categories for services are accepted
Account verification builds trust and improves client communication
Cons
Exorbitant commission fees of 18-20% on earnings
Support is limited
Pricing
Commission 18-20% on the nature of the work
Conclusion
Microjobs can be found, but most depend on carrying out very simple tasks over the internet. Such jobs might include simple work such as online surveys, data entry, content writing, and image tagging. Most such jobs usually need little or no productive experience; therefore, it is likely to be an ideal job for students, housewives, or anyone who wants to make some extra cash. Some of the positive aspects include working at their convenience, gaining skills, and perhaps accessing opportunities globally for little or no initial cost. The drawbacks include mostly the low pay, most time more competition, and not having a consistent income.
Freelancing is a type of job where you’re self-employed. You are your boss. You can say ‘yes’ or ‘no’ to any project. To freelance means to work independently rather than for a company.
What are the benefits of Freelancing in India?
Here are the major advantages of freelancing Set Your Working Hours, Choose Your Clients, Travel While Working, No Long Commute, Control Your Work Load.
Do Freelancers get Paid?
Yes, Freelancers do get paid according to their skills.
In today’s digital world, earning extra cash from the comfort of your home has never been more appealing. Whether you’re a student looking to cover your streaming subscriptions, a stay-at-home parent hoping to boost the family budget, or a working professional wanting to add a little extra to your savings, the idea of making money online has universal appeal.
The concept is simple: share your honest opinions on products, services, or even social issues, and get rewarded for your time and thoughts. But here’s the million-dollar question: How do online surveys work? Are they worth your time? While some people swear by them, others dismiss them as not worth the effort.
Learn how to monetize your feedback! We will guide you through the entire survey landscape: how they work, realistic income potential, the top platforms, and proven techniques to increase your payouts.
Let’s quickly break down how online surveys function before diving into the money part. Companies create these surveys to gather valuable consumer feedback, helping them refine products, understand customer preferences, and make smarter marketing moves.
Here’s how it works:
Sign up for a survey platform.
Fill out Your Profile to match with relevant surveys.
Take Surveys aligned with your interests and demographics.
Get paid (cash, gift cards, coupons) once you hit the minimum payout.
How to Maximize Your Earnings from Paid Online Surveys?
It’s all about consistency and smart strategy to truly make the most out of paid online surveys. Start by setting aside a regular time slot each day or week to complete surveys. The more active you are, the more likely you are to be offered higher-paying opportunities.
Always remember that honesty is key. Always provide genuine responses. Many survey platforms have built-in checks to catch inconsistent answers, and if you’re flagged, you risk being banned or disqualified from future surveys.
5 Crucial Things to Know Before Taking Online Surveys
Keep Your Expectations Realistic
Online surveys can be a good side hustle, but don’t expect to get rich overnight. They’re best for earning a little extra cash or gift cards in your spare time.
Stay Safe from Scams
Scammers often target survey takers. Avoid sites that ask for sensitive details like your Social Security number, banking info, or driver’s license. Stick to well-known, trusted platforms.
Understand How They Work
Legitimate survey companies partner with market researchers and ad agencies to collect consumer opinions. Surveys may range from 5 to 60 minutes, and you might also be invited to join focus groups or product testing panels.
Look for Red Flags
Be cautious of survey sites promising huge sign-up bonuses, free products that sound too good to be true, or asking for financial information. Trusted sites will only ask for basic demographic details to match you with relevant surveys.
Your Opinions Have Value
Your feedback helps shape new products and services. Hence, you can turn your spare time into small but steady earnings.
What Types of Paid Online Surveys Can You Take?
Types of Paid Online Surveys Can You Take
There’s a wide variety of paid survey types you can participate in, including:
Advertising effectiveness surveys
Brand recognition surveys
Product appeal and review surveys
Service satisfaction surveys
The number of available surveys often depends on the current market research demands. Some platforms even offer free products for testing and review, adding extra perks to your participation.
MyLead is a flexible platform where you can earn by filling out forms and promoting affiliate offers. It provides helpful tutorials and excellent support. Once you earn $20, you can choose how and when to cash out.
iPanelOnline
iPanelOnline is a trusted platform offering rewards for participating in surveys. It features panels specific to various countries and is known for its user-friendly approach.
Toluna
As a Toluna Influencer, you earn points redeemable for gift cards, cash, and contest entries. It’s one of the most versatile platforms for online surveys.
LifePoints
LifePoints boasts a global community of 5,000+ members. After signing up and completing your profile, earn points through surveys and redeem them for cash. Subscription is free in India.
InboxDollars
InboxDollars pays you for simple online activities like reading emails, taking surveys, watching videos, and shopping. You earn cash (not points), and payments are processed via check or gift cards once you hit the payout threshold.
MyPoints
MyPoints – Top Online Survey Sites in India
MyPoints lets you earn points for activities like shopping online, watching videos, and answering surveys. Redeem your points for gift cards from popular retailers or cash via PayPal.
Upromise
Upromise is a savings-focused platform that rewards you with cash back on purchases and dining. The unique part is that the cash earned can be directed to a 529 college savings plan, helping users save for education while shopping and dining as usual.
Focused on TV shows and sports, Telly Pulse lets you earn rewards while staying tuned to your favourite programs. Points can be redeemed on shopping platforms.
Swagbucks
Swagbucks rewards you for everyday tasks, watching videos, searching the web, shopping, and of course, surveys. Points can be redeemed for gift cards (Amazon, Walmart) or cash via PayPal.
Survey Junkie
Survey Junkie is one of the most popular survey platforms, allowing users to earn points for sharing their opinions on various products and services. Points can be redeemed for cash (via PayPal) or e-gift cards from major retailers.
Are Paid Survey Sites Legit?
Yes, legitimate paid survey platforms are a real way to earn a little extra cash online. Market research companies and advertising agencies constantly need participants to provide honest feedback on products, services, or trends. Surveys can range from short 5-minute questionnaires to more in-depth 60-minute focus groups or even at-home product testing.
You will typically be asked for basic demographic details, like age, gender, or interests, to match you with relevant surveys. Rest assured, legitimate survey sites keep this data anonymized and will never ask for your sensitive information like your social security number, credit card, or bank details.
While we have covered the basics of survey platforms and earning strategies, it’s crucial to stay alert for scams. Here’s how you can protect yourself and boost your earnings:
Don’t Overshare
Only provide the necessary details. Avoid surveys that ask for excessive personal information; they might just be data mining scams.
Keep Your Profile Updated
An updated profile increases your chances of getting relevant surveys. Update it with changes like job, location, or interests to qualify for more opportunities.
Never Pay to Join
Legit survey platforms don’t ask for fees. If a site asks for money to access surveys, it’s likely a scam. Avoid it.
Beware of “Too Good to Be True” Offers
Sites promising massive rewards for short surveys, like winning a car or INR 1 lakh, are usually scams. Stick to trusted platforms and realistic expectations.
Conclusion
Earning money from online surveys may not replace a full-time income, but it’s a flexible and easy way to supplement your earnings from the comfort of your home. With persistence, strategic choices, and an eye for legitimate platforms, you can turn spare moments into extra cash. Stay consistent, avoid scams, and you’ll unlock a steady stream of small rewards that add up over time.
So, why not start today? Your next survey could be just a few clicks away from your first payout.
Amidst technological upheaval and global volatility, K. Krithivasan has anchored TCS with steady leadership, driving growth while upholding its tradition of excellence. As K. Krithivasan approaches the two-year mark as CEO and Managing Director of Tata Consultancy Services (TCS), his leadership has been characterized by measured decisions and a focus on long-term stability.
In an industry often driven by rapid changes, Krithivasan’s approach has been to navigate the company through global uncertainties with a steady hand. His approach has not only preserved TCS’s legacy of consistent delivery but also set the stage for its next phase of growth.
Under his leadership, the company has seen a strong revenue jump, a surge in AI project investments, and a renewed push into global markets. The combination of strategic thinking and quiet charisma has earned Krithivasan the trust of TCS’s workforce and the wider Indian IT industry, positioning him as one of the most respected global leaders in this highly competitive field.
K. Krithivasan – Biography
Name
K. Krithivasan
Born
1965, Tiruchirappalli, Tamil Nadu
Nationality
Indian
Profession
CEO & MD of Tata Consultancy Services
Education
B.E. in Mechanical Engineering from Coimbatore Institute of Technology M.Tech in Industrial & Management Engineering from IIT Kanpur Industrial Training Course at Harvard Business School
Krithivasan’s academic journey laid a strong foundation for his future endeavours. After completing his Bachelor’s in Mechanical Engineering from Coimbatore Institute of Technology, he decided to further his studies in a field that blended technology and business strategy.
He pursued his Master’s in Industrial & Management Engineering from IIT Kanpur, India’s most prestigious institution. Furthermore, he has completed an industrial training course at Harvard Business School, enhancing his leadership and strategic management skills.
K. Krithivasan – Career Journey
Krithivasan joined TCS in 1989 as an Assistant System Analyst in New Delhi, shortly after completing his M.Tech from IIT Kanpur. Initially working in the BFSI (Banking, Financial Services, and Insurance) sector, he quickly made a mark by applying his deep understanding of the financial services industry. His solution-oriented approach and ability to build and nurture client relationships positioned him as a trusted leader.
After joining TCS, Krithivasan moved to North America in 1997, where he was promoted to Regional Manager for TCS Florida. In 2000, he became the e-business delivery head and was later appointed as the head of the BFSI Solution Centre in 2004.
K. Krithivasan’s leadership at Tata Consultancy Services has been marked by a strong focus on innovation, operational excellence, and sustainable growth. K. Krithivasan became Tata Consultancy Services’ (TCS) Chief Executive Officer and Managing Director in June 2023. He has driven strategic initiatives that have strengthened TCS’s position as a global IT powerhouse.
Driving Global Expansion and BFSI Leadership
Krithivasan’s most prominent role before becoming CEO was as Global Head of BFSI, a sector that contributes over 30% of TCS’s total revenue. Under his leadership, the BFSI vertical witnessed:
Strategic partnerships with leading global banks and insurance companies.
A push towards next-gen digital solutions, focusing on AI, machine learning, and blockchain for financial services. His efforts helped solidify TCS’s position as a trusted digital transformation partner for the world’s largest financial institutions.
Client-Centric Innovation
Krithivasan’s leadership is often described as deeply client-focused. He was instrumental in driving:
Co-innovation initiatives, in which TCS partnered with clients to develop custom solutions.
Agile transformation programs help clients accelerate their digital journeys.
Enhanced focus on cybersecurity and regulatory compliance in BFSI.
Transition to CEO and Strategic Vision
In March 2023, following the sudden departure of Rajesh Gopinathan, Krithivasan was named CEO-designate and took over as CEO & Managing Director of TCS on June 1, 2023. As CEO, his achievements include:
TCS has trained 300,000 employees in foundational AI skills, positioning itself as having one of the world’s largest AI-ready workforces under his leadership. The company is actively engaged in over 200 generative AI projects, with a deal pipeline valued at $900 million.
Steering TCS through macroeconomic uncertainties, including inflation, talent shortages, and global geopolitical challenges.
Driving double-digit revenue growth and maintaining healthy profit margins despite global headwinds.
Leading initiatives in Generative AI, cloud-first strategies, and sustainability-focused tech solutions.
His calm, decisive leadership and focus on innovation are widely credited with keeping TCS competitive on the global stage.
Industry Recognition
Under Mr. Krithivasan’s leadership, TCS achieved significant milestones that garnered industry-wide recognition:
Brand Value Growth: In 2024, TCS gained $2 billion in brand value, elevating it to the position of the second most valuable IT services brand globally.
Top Employer Recognition: TCS was recognized as a Global Top Employer 2024 by the Top Employers Institute, reflecting the company’s commitment to excellence in employee conditions and talent development.
In the December 2024 quarter (Q3 FY25), TCS reported a net profit of INR 10,846 crore, marking an 11% year-on-year increase from INR 9,769 crore in the same quarter of the previous year. Revenue from operations grew by 19.1% year-on-year to INR 58,229 crore, up from INR 48,885 crore.
This robust performance was driven by strong demand for cloud services and continued momentum in key markets such as North America and the UK.
K. Krithivasan – Rise in Net Worth
In the fiscal year 2024-25 (FY25), K. Krithivasan’s total compensation at Tata Consultancy Services (TCS) saw a notable increase of 4.6%, reaching INR 26.52 crore. It is nearly 330 times higher than the median salary of the company’s 6.07 lakh employees.
This was a rise from his previous year’s earnings of INR 25.35 crore in FY24, signalling both his growing influence within the company and TCS’s strong performance under his stewardship.
Base Salary: INR 1.39 crore
Benefits, Perquisites, and Allowances: INR 2.13 crore
K. Krithivasan is the Chief Executive Officer and Managing Director of Tata Consultancy Services (TCS), one of the world’s leading IT services companies.
What is K. Krithivasan’s educational background?
Krithivasan holds a B.E. in Mechanical Engineering from Coimbatore Institute of Technology, an M.Tech in Industrial & Management Engineering from IIT Kanpur, and has also completed an industrial training course at Harvard Business School.
When did K. Krithivasan join TCS, and what was his initial role?
He joined TCS in 1989 as an Assistant System Analyst in New Delhi, shortly after completing his M.Tech from IIT Kanpur.
According to a media agency, Heavy Industries Minister H D Kumaraswamy stated on 2 June that Tesla has no plans to produce electric cars in India anytime soon. Although local production is not currently in Tesla’s plans, the company is getting ready for a market debut.
According to reports, Tesla is not currently exploring local manufacturing, even though it has finalised a showroom space in Mumbai’s Bandra Kurla Complex and hired more than two dozen employees in India, including store managers and service professionals.
The company is anticipated to launch its first vehicle in the market within the next two to three months after starting the certification and homologation procedure to sell its EVs in India.
India Carving Attractive EV Policy to Allure International Players
In an effort to draw in big companies like Tesla, India launched a flagship EV policy in March 2024 that offered lower import taxes in return for manufacturing commitments.
Companies that invest at least INR 4,150 crore (about $500 million) to start local manufacture within three years are eligible to import up to 8,000 EVs per year at a drastically reduced charge of 15% under the proposal.
The programme is anticipated to start for applications shortly and run through March 15, 2026. The goal of the policy is to establish India, the third-largest automobile market in the world, as a major location for EV investments.
India is still interested in EVs even though demand for them is slowing down globally. A minimum revenue criterion of INR 5,000 crore in the fourth year and INR 7,500 crore in the fifth year has been introduced by the Indian government, which has lately tightened eligibility requirements under the scheme. Businesses that fall short of these goals risk fines of up to 3% of the revenue deficit.
Tesla’s Challenges in the Indian Market
By generating EVs, batteries, and charging systems domestically, Tesla’s gigafactories might strengthen India’s IT and manufacturing industries. Tesla must first gain acceptance, which is not without its difficulties. Given India’s dealer-centric market, their direct sales strategy might need to be modified.
A crucial component, after-sales service, must be strong. Pricing is another issue; the majority of passenger cars in India are under INR 20 lakh, indicating that the country is price sensitive.
Even before taxes are applied, the least expensive Model 3 costs $42,490 in the US (about INR 37 lakh), putting it squarely in the luxury market in India.
Tesla would need to provide more value-driven products and better prices than even China if it hopes to have more than a modest presence in India. As EV penetration keeps rising, experts believe India is prepared for more players.
Additionally, less than 3% of all passenger vehicle sales in India are electric, indicating a low level of EV adoption. However, from 5,000 units in 2020 to over 113,000 in 2024, sales have increased significantly, according to a media report.
Sanofi, a French pharmaceutical business, said on June 2 that it has agreed to purchase Blueprint Medicines Corporation, a biopharmaceutical company based in the United States that specialises in systemic mastocytosis, a rare immunological condition.
Sanofi would pay $129.00 per share in cash under the terms of the transaction, which translates to an equity value of about $9.1 billion. According to Paul Hudson, CEO of Sanofi, the acquisition is a strategic move ahead for the company’s immunology and rare disease portfolios.
It improves Sanofi’s pipeline and speeds up our development into the top immunology business in the world.
Acquisition Adding More Muscle to Sanofi’s Portfolio
The agreement will expand Sanofi’s portfolio to include a promising advanced and early-stage immunology pipeline, as well as the US and EU-approved medication Ayvakit/Ayvakyt (avapritinib), which is used to treat rare immunology diseases.
According to the companies, Blueprint’s well-established reputation among immunologists, dermatologists, and allergists is also anticipated to strengthen Sanofi’s expanding immunology pipeline.
For advanced and indolent systemic mastocytosis, a rare immunological illness marked by the accumulation and activation of aberrant mast cells in the gastrointestinal tract, skin, bone marrow, and other organs, Ayvakit/Ayvakyt is the only licensed medication.
Along with BLU-808, a highly effective and selective oral wild-type KIT inhibitor that may be used to treat a variety of immunological disorders, the acquisition will also provide elenestinib, a next-generation treatment for systemic mastocytosis.
Contingent Value Right to Blueprint Shareholders
At the closing of the transaction, Blueprint shareholders will receive $129.00 per share in cash in addition to one non-tradeable contingent value right (CVR), which will grant the holder the right to two potential milestone payments of $2 and $4 per CVR, respectively, for the accomplishment of future development and regulatory milestones for BLU-808.
On a fully diluted basis, the transaction’s entire equity value, including any future CVR payments, is roughly $9.5 billion.
Hudson said that Sanofi still has a sizable capacity for other purchases and that the deal complements recent acquisitions of other early-stage medications that continue to be the company’s primary area of interest.
About Sanofi
An AI-powered biopharma firm focused on research and development, Sanofi is dedicated to enhancing people’s lives and fostering remarkable growth.
With a cutting-edge pipeline that could help millions more, it claims that the company uses its profound knowledge of the immune system to develop medications and vaccines that treat and safeguard millions of people worldwide.
Its team is driven by a single goal: to improve people’s lives by pursuing scientific miracles. This motivates Sanofi to advance and have a positive impact on its customers and the communities it serves by tackling the most pressing social, environmental, and healthcare issues of the recent times.
The number of transactions using the Unified Payments Interface (UPI) increased 4.4% from 17.89 billion in April to 18.68 billion in May, setting a new record.
There were 33% more trades than the previous year. UPI transactions experienced a 2.2% month-over-month (MoM) decline in April. The National Payments Corporation of India (NPCI) reported that UPI transactions totalled INR 25.14 Lakh Cr in May, a 5% increase from INR 23.95 Lakh Cr in April.
Compared to 596 million in April, the average daily transaction count increased to 602 million in the reviewed month. In addition, INR 81,106 Cr was the average daily transaction value.
PhonePe and Google Pay Lead the Race
PhonePe and Google Pay are anticipated to remain the top two UPI players, as they have for years, even though the NPCI has not yet released the app-by-app data for the month of May.
Together, the two companies control around 80% of the UPI ecosystem’s market share, with Paytm coming in second with a roughly 7% stake in recent months. Of the 17.89 billion transactions in total, PhonePe logged 8.36 billion in April.
6.48 billion transactions of INR 8.42 lakh crore were registered by Google Pay. The competition is fierce outside of the top three players. Navi, CRED, super.money, Amazon Pay, and FamApp are just a few of the companies that keep fluctuating in the rankings.
Notably, over the past few years, the NPCI has been aiming to limit third-party application providers’ (TPAPs’) market share in the UPI ecosystem to 30%. The idea has, however, been repeatedly delayed; the most recent one was moved to December 31, 2026.
Industry Requesting for Zero Merchant Discount Rate
The industry is increasingly calling for zero merchant discount rates (MDR) on these transactions, even as UPI is expanding. Prime Minister Narendra Modi received a letter earlier this year from the Payment Councils of India (PCI) urging him to reevaluate the 0% MDR policy for RuPay and UPI transactions.
When banks or payment service providers handle digital transactions through UPI, they charge merchants a fee known as the MDR. To encourage digital payments across the nation, the price was reduced to zero in 2020. For large merchants exclusively, the PCI suggested charging an MDR of 0.30% for UPI.
The Startup Policy Forum (SPF) also endorsed the initiative. The payments sector has long maintained that the zero MDR regime prevents them from making money off of their services, which has an impact on infrastructure upgrade efforts.
The administration hasn’t made a decision on the subject yet, though. Vijay Shekhar Sharma, the founder and CEO of Paytm, recently stated that the implementation of MDR on UPI payments might lead to more competition.
Snitch, the breakout D2C menswear brand transforming fashion for Indian men, has raised up to $40 million in its Series B funding round. The round was led by 360 ONE Asset, with participation from existing investors IvyCap Ventures and SWC Global, along with Ravi Modi Family Office (founders of Manyavar) and other angel investors, who joined in this round.
The fresh capital will fuel Snitch’s aggressive next phase of growth:
Scale offline retail from 55+ to 100+ stores by the end of 2025
Enter quick commerce, delivering fashion in hours
Launch new product categories across apparel and lifestyle
Pilot international markets
Siddharth Dungarwal, Founder & CEO, Snitch, said, “Built on belief, speed and an obsession with our customer, Snitch has been a force redefining fashion making in India for the world. This fundraise is a backing to our belief that Indian fashion can move with speed, scale and confidence, and truly compete at a global stage. With 120% YoY growth, 55+ stores with strong unit economics, and strong loyal customer base, we’re stepping into a bigger league, building a world-class brand with India at its heart and agility at its core. As we gear up for global expansion and soon enter the public markets, this marks a bold step towards creating one of India’s most iconic fashion stories.”
Chetan Naik, Senior Fund Manager and Strategy Head – Technology, 360 ONE Asset, said, “Snitch is one of the fastest-growing profitable scaled D2C brands in India. It has built a unique playbook in Indian fashion, combining trend agility, digital-first execution, and omnichannel reach. With a distinctive operating model that blends weekly design launches, full-stack execution, and lean manufacturing, Snitch has demonstrated the rare ability to deliver high growth while maintaining strong unit economics and exceptional capital efficiency. Its sharp focus on men’s fashion, backed by a scalable offline model, positions it well to become a category-defining brand. We are excited to back Siddharth and the Snitch team as they lead the next phase of fashion innovation from India.”
“Our reinvestment in Snitch further confirms our conviction in its strong execution ability, capital-efficient growth, and sharp positioning in the men’s fashion space. With a clear focus on Gen Z and millennial consumers and a scalable omnichannel strategy, the brand is well on its way to becoming a category leader. We are happy to continue supporting the team in their journey.”
Vikram Gupta, Founder and Managing Partner, IvyCap Ventures
“Snitch continues to demonstrate strong supply chain management as well as high focus on customer experience. Over the last 18 months, with the offline expansion, Snitch has established itself as a truly omnichannel brand. We are looking forward to our continued partnership with Siddharth and team to grow Snitch into a leading men’s apparel brand in the country.”
Tuck Lye Koh, Founding Partner, SWC Global
Snitch previously raised ₹110 Cr in its Series A round in December 2023, which laid the foundation for its offline expansion, tech stack, and product depth. Since then, it has doubled revenue, strengthened brand equity, and built a community-first approach to fashion that resonates deeply with Gen Z and millennial men.
Founded in 2020, Snitch has become a cult favourite in India’s D2C fashion space by offering trend-first, drop-driven collections at unmatched speed. Its omni-channel model combines online agility with in-store experiences, making it a front-runner in the “fastest fashion” revolution.
PwC India Investment Banking team acted as the exclusive financial advisor to Snitch on the successful closure of the Series B round. JSA acted as the legal counsel to Snitch on this transaction.
About 360 ONE Asset
360 ONE Asset is one of India’s leading asset management firms with overall alternates and public markets AUM of almost $10 billion*. 360 ONE Asset’s leading Venture Capital and Private Equity platform has an AUM of more than $3 billion. The firm has a proven track record and
deep expertise in the financial services, technology, healthcare and consumer industries. This end-to-end platform offers a unique vantage point into private companies in India and enables the company to make well-informed investment decisions. 360 ONE Asset’s broader differentiated product suite includes AIFs, PMS and MFs spanning asset classes of public and private equity, fixed income and real assets.
About Snitch
Founded in 2020 by Siddharth Dungarwal, Snitch is India’s fastest-growing D2C menswear brand known for its rapid drop-driven collections. It uniquely combines weekly new designs with an omnichannel model that blends online speed and offline retail experience, making it a trendsetter in fast fashion for Gen Z and millennials.
In the midst of ongoing industry-wide reorganisation, Microsoft-owned LinkedIn has announced the layoff of 281 workers throughout California, joining a growing number of IT firms that have done so.
A recent filing with the state’s employment agency revealed the job layoffs, which primarily affected talent account directors, senior product managers, and software engineers.
These layoffs follow Microsoft’s announcement that, as part of larger efforts to streamline operations, it would eliminate nearly 6,000 jobs, or roughly 3% of its global workforce. The wave of layoffs draws attention to persistent issues in the computer industry, where businesses are reassessing their objectives and increasing productivity.
LinkedIn Shrinking its Workforce
Over the past year, LinkedIn, a prominent professional networking and recruitment platform, has experienced multiple rounds of layoffs. The corporation laid off 668 employees in its finance, talent, and engineering departments in October 2023.
Earlier, in May 2023, 716 positions were eliminated from the operations, sales, and support teams in an effort to streamline the company and expedite decision-making. Similar upheaval still affects the larger tech sector.
In May, Google laid off 200 workers from its global business unit, primarily impacting the partnerships and sales teams.
Significant changes were also revealed earlier this year by parent firm Meta, which laid off 3,600 employees, or 5% of its workforce, mostly from the logistics, Facebook, and Horizon VR teams after a revised performance evaluation.
Might Following Others to Infuse More AI in Work Operations
Although LinkedIn has not issued a formal announcement, industry watchers believe that the layoffs were likely sparked by Microsoft’s overall strategy move towards artificial intelligence. Recently, Microsoft CEO Satya Nadella said that up to 30% of the code in a number of internal projects is now written by AI.
This statistic highlights the increasing significance of automation in fundamental development processes. These layoffs seem to be a component of Microsoft’s broader employment cut, which is expected to impact 6,000 workers worldwide.
In another round of layoffs earlier this month, 122 Microsoft workers in the Bay Area were let go. Although Ryan Roslansky, the CEO of LinkedIn, has not made any public statements, this quiet stands in stark contrast to the company’s 2023 layoff of 716 employees, in which Roslansky addressed the decision directly in a widely shared employee email.
Many workers and spectators are guessing about the scope and direction of future cuts as a result of this time around’s lack of information.
Restructuring the Entire Ecosystem
LinkedIn, which employs more than 18,400 people full-time worldwide, has long been regarded as a reliable platform inside the Microsoft ecosystem. This most recent round of layoffs, however, suggests a possible change in strategy.
Businesses like Microsoft are reassessing their workforce requirements as AI tools become more integrated into development, operations, and product processes.
The layoffs’ timing also fits with a larger industry trend of operations being streamlined in the face of economic challenges and growing automation capabilities.
Although AI increases efficiency, it also poses challenging issues about the future of human positions in tech-driven organisations, especially in fields like engineering that were previously seen to be secure.
Apoorva Bajj
