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WeWork India IPO details; X vs Sahyog portal

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WeWork India has set the price band for its upcoming IPO. This and more in today’s ETtech Top 5.Also in the letter:■ Festivities fuel AI scams■ AI ups IT bills■ Zomato’s ‘Healthy Mode’WeWork India sets IPO price band at Rs 615–648 Karan Virwani, CEO, WeWork IndiaCoworking service provider WeWork India has announced the price band for its Rs 3,000 crore initial public offering (IPO), as it prepares to go public next week.IPO details:The price band has been set at Rs 615-648 per share.Bidding opens on Friday, October 3, and closes on Tuesday, October 7.The offer includes a mix of fresh issue and an offer for sale (OFS) by existing shareholders.Embassy Buildcon will offload up to 35.4 million shares, while London-based real estate developer One Ariel Way will sell 10.9 million.Embassy’s acquisition price was Rs 161.83 per share; One Ariel Way’s was Rs 65.88.Also Read: WeWork India gets Sebi nod for IPO; Embassy to sell stakeZoom out: WeWork India will join other major shared office space companies, such as Awfis and Indiqube, in listing on the Indian stock exchanges, amid a post-pandemic increase in demand for flexible offices.Also Read: WeWork’s plan to sell stake in India unit collapses; sector revival, valuation issues hit transactionX to appeal Karnataka HC’s nod for Sahyog takedowns Elon Musk’s social media platform X intends to challenge a Karnataka High Court ruling that upheld the government’s Sahyog portal, which allows police across India to request takedowns of online content. What happened: The court dismissed X’s plea to strike down Sahyog as unconstitutional. X argues the portal sidesteps Section 69A of the IT Act and Supreme Court safeguards, enabling “arbitrary takedowns” without judicial oversight.X’s stance: The company said Sahyog threatens free speech and exposes platforms (intermediaries) to criminal liability for non-compliance. It also contested the view that its foreign incorporation bars it from raising constitutional questions, citing its role in Indian public discourse.The court’s view: In a ruling last week, Justice M Nagaprasanna called social media a “modern amphitheatre of ideas” but warned it cannot exist beyond regulation, or it risks damaging “the rule of law and the fabric of social order.”Also Read: ETtech Explainer: X, Centre at loggerheads over social media misuseFestive shopping rush fuels AI-driven cyber scams Cybersecurity firms are flagging a spike in AI-led scams this festive season, with fraudsters turning more personal and emotionally manipulative in their approaches. Driving the news: Reported incidents are up nearly 40% during the festive period, with around 15% now behaviour-based – targeting people over systems.The new playbook: Scammers are using generative AI to craft phishing links, fake celebrity endorsements, and even e-cards laced with trojans. Industry experts observed that because many transactions seem legitimate, recovery can often be challenging.Why now: With 95% of Indians likely to shop during Dussehra and Diwali, the target audience has never been larger. McAfee reports a 40% increase in phishing activity during this period, while Kaspersky notes that organised groups are offering “malware as a service,” positioning India among the top five global targets.Read ETtech’s full coverage of the festive season:Ecommerce festive sales temper down after big September 22 surgeQuick commerce showering gig workers with festive incentives to make them stayShoppers splurge as GST cuts light up Chennai’s retail hubEcommerce platforms are set for bumper salesCarts to fill up fast & how! Ecomm platforms are set for bumper salesEcomm orders shoot up as annual sale events openClash of the carts: Qcomm & ecomm in race to deliver this festive seasonAnalysts expect festive online sales to grow 30% after GST reliefGST 2.0: Ecomm sellers, brands face working capital strainFestive fireworks ahead for ecommerce firms with season sales to rise 27IT services firms rethink pricing as AI disrupts old models India’s leading IT providers are moving away from conventional time-and-materials billing as clients more frequently seek contracts linked to particular business results.What’s changing: Clients now demand deals linked to performance metrics—faster claims, higher automation, better net promoter score (NPS)—compelling vendors to reconsider their charging models. Also Read: IT grappling with cost pressures as pricing shifts from effort to outcomesNew models: Subscription-based pricing, shared-savings contracts, and pay-per-use rates for AI tools are gaining popularity. Some pilots are even charging per workflow, such as invoices processed by an AI bot, which is priced similarly to entry-level software-as-a-service (SaaS).Also Read: IT firms pass on AI-led gains as clients seek cost savingsWhy it matters: As AI reduces headcount requirements, firms face the risk of revenue erosion. However, outcome-linked models provide better alignment with client success and foster deeper, long-term partnerships.Also Read: Agentic AI reshaping enterprise software pricing, business modelsDeepinder Goyal announces ‘Healthy Mode’ on Zomato; app harnesses AI to rate dishes based on nutrients Deepinder Goyal, CEO, EternalZomato founder Deepinder Goyal announced a new Healthy Mode to help users make smarter food choices, calling it a fix for a “long-standing blind spot.”How it works: Dishes receive a ‘Healthy Score’ ranging from Low to Super, based on protein, fibre, complex carbohydrates, and micronutrients. The ratings are AI-generated using restaurant-provided data, going beyond simple calorie counts. Why it matters: Goyal acknowledged Zomato made indulgent eating effortless, but failed to simplify healthy eating. “This is personal for me,” he said, noting the tool is robust enough even for professional athletes.Also Read: ETtech Q&A | Zomato CEO Deepinder Goyal on food delivery slowdown, quick commerce burn and moreWhat’s next: The feature is now live in Gurgaon and will be rolled out to other cities in the coming months.Also Read: Deepinder Goyal starts health-focused personal venture ‘Continue’

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