TechThisWeek: IBM gets serious about the cloud; Razorpay’s $100 mn haul; Q2 earnings

Bengaluru headquartered digital lender Capital Float has been seeing accelerated growth through the pandemic. Earlier in the week it said it had disbursed over $1.2 billion (around Rs 9,000 crore) so far across its small and medium enterprise (SME) and retail customers in India. Co-founder and managing director Sashank Rishyasringa joined the podcast this week to talk about recent changes in spending behaviour in India.

Razorpay founder and CEO Harshil Mathur also joined TechThisWeek to talk about the company’s latest mega fundraise — a $100 million growth funding round led by Singapore’s sovereign wealth fund GIC and returning investor Sequoia Capital.

Also in the podcast:

• New York headquartered technology giant IBM has decided to split into two public companies in an effort to focus on its cloud computing and artificial intelligence (AI) solutions. The company is reportedly moving a third of its employees to the newly created cloud and infrastructure services entity called NewCo. 
• Information technology services companies HCL, Infosys, Mindtree reported strong quarters on the back of digital transformation deals.
• Technology startup funding picked up pace this week as total value more than doubled on the back of the Razorpay funding.