Top tech and startup stories to start your day with

Meesho, an ecommerce platform, reported a narrowing of net losses to Rs 132 crore in Q2 FY27, while revenue increased by 34% compared to the previous year. CEO Vidit Aatrey highlighted that this momentum extended into the festive season, with NMV growing 33% year-on-year, and a shift in festive sales timing expected to further boost Q3 growth.

Info Edge, the parent company of Naukri.com, announced that its founder, Sanjeev Bikhchandani, will return as CEO after 16 years. He will be succeeded by Hitesh Oberoi, who will remain on the board in a non-executive capacity. Naukri.com reported an 87% increase in Q2 net profit to Rs 650 crore, along with growth in recruitment and real estate businesses.

Meanwhile, Indian deeptech companies remain reliant on imports for critical components, such as chips, battery cells, and rare-earth magnets, due to geopolitical tensions affecting procurement timelines. KLA Corporation, a global semiconductor equipment and process-control company, is exploring a manufacturing presence in India to strengthen its capabilities.

Additionally, experts are urging companies to conduct readiness checks for the Digital Personal Data Protection (DPDP) Act following recent cyber incidents.