Happy Friday! A91 Partners is backing Sugar Cosmetics in a round that will see the beauty brand’s valuation fall sharply. This and more in today’s ETtech Morning Dispatch.
Also in the letter:
■ SiMa AI CEO on India’s chip bet
■ NHRC Probes CSAM Ads
■ Instagram CSAM ads under fire
Behind Sugar Cosmetics’ down round: Valuation set to fall 80% to Rs 500-600 crore