Happy Monday! Udaan is in talks to raise $50-60 million at a flat valuation. This and more in today's ETtech Morning Dispatch.Also in the letter:■ Cyber resilience demand spikes in India■ Explained: Pronto's privacy hot potato■ H-1B pool drops in FY27Udaan in talks to raise $50-60 million from existing backers Lightspeed, M&G: sources Vaibhav Gupta, CEO, UdaanBusiness-to-business (B2B) ecommerce platform Udaan is in talks for a $50-60 million top-up round from its existing backers Lightspeed and M&G, sources told us.The details: This could be Udaan's last private capital raise before it heads to Dalal Street, they added.The new round is being negotiated at a flat valuation of $1.8 billion.The fresh capital will be used to deepen Udaan's supply chain network and sharpen its go-to-market engine.The Bengaluru-based firm had raised $114 million funding round last June, also led by the two investors.Path to profitability: Udaan is now gunning for net profitability over the next 15-18 months. “In FY25, the company cut Ebitda burn by about 40%, and it has fallen further in FY26. It will push ahead with IPO plans once it turns profitable,” one of the sources said.Sector watch: The round comes at a time when several new-age B2B companies are preparing to tap public markets. Lightspeed-backed Zetwerk and Accel-backed Infra.Market have already filed confidential papers for their IPOs.Also Read: IPO-bound Udaan to kickstart reverse flip to India in weeks: CEO Vaibhav GuptaTata Electronics plans to start chip packaging at upcoming Assam unit Tata Electronics has begun packaging chips for global automotive and industrial clients from its upcoming outsourced semiconductor assembly and test (OSAT) facility in Assam, sources told us.Driving the news: The Tata group company is carving out a small section of the new facility for early qualification. “This is being done to accelerate timelines and move in equipment as the facility comes up so that they are raring to go when full-fledged operations take off by the end of the year,” one of them said.Jargon buster: Early qualification for cleanrooms, often called the initial, preparatory, or pre-operational phase of validation, is a proactive approach to ensuring a facility meets required standards before full-scale production begins. But why: People privy to the matter said Tata Electronics had started shipments from its Vemagal facility in Karnataka on a small scale, but the strategic pivot to Assam will build trust with global clients and enable immediate scale-up.The team from Vemagal will move in by May, oversee the manufacturing transfer and replicate existing processes at the new site.Expert take: The phased launch allows Tata Electronics to demonstrate operational readiness and potentially gain market share ahead of schedule. Neil Shah, vice president of research at Counterpoint Research, said this is the standard playbook for any capital-intensive front-end or back-end fab rollout.Also Read:Tata Electronics aims to be $30 billion business with fab play: CEO & MD Randhir ThakurCyber Alert: Companies rush to fortify systems Global cybersecurity firms such as Rubrik, Securonix and Proofpoint are seeing a surge in demand from Indian enterprises as large corporations double down on their disaster recovery and cyber resilience.Fighting the digital enemy: These companies are reporting shorter sales cycles, demand for additional disaster-recovery locations, and tighter digital ring fences, as phishing campaigns and cyberattacks spike.Rising geopolitical tensions, recent cyberattacks during the West Asia conflict, and last year's brief India-Pakistan clash have put Indian boardrooms on high alert.Expanding ops: As demand climbs, global security companies are stepping up their India presence:Securonix opened a second disaster recovery site in Hyderabad earlier this year, adding to its Mumbai facility.US-based Proofpoint has set up a local data centre, which is expected to go live in the third quarter of 2025.Yes, and: Experts said demand will only intensify with the DPDP Act coming into force. The law governs how organisations collect, protect, and respond to risks involving personal data. Also Read:Indian companies turn to outsourced cybersecurity to bridge talent gapETtech Explainer: What Pronto's new video recording feature means for your privacy On-demand domestic services platform Pronto is facing pushback over a new pilot in which its domestic‑service professionals wear small cameras that record cleaning, washing and meal‑preparation tasks inside customers' homes.Safeguards in place: The company says this footage is meant to train physical AI and robotics models, and the pilot is currently offered to less than 0.01% of customers, strictly on an opt-in basis at the time of booking.Videos are recorded only for customers who explicitly opt in.Pronto says the recorded data is deleted within 48 hours.The company says it is not sharing this data with any external AI lab.Users can also review the anonymised footage to check the completed task. Also Read: Pronto bags $20 million as valuation doubles to $200 millionPrivacy concerns: Privacy experts have flagged possible risks under the Digital Personal Data Protection (DPDP) Act, 2023. They stressed that consent must be fully informed and that storing sensitive in-home video – tied to locations and routines – raises serious security and misuse risks, including deepfakes and cybercrime.Also Read: Instant house help startups see bookings top three million in April amid labour shortageOther Top Stories By Our Reporters H-1B pool down 39% in FY27: H-1B visa registrations fell 38.5% this year to their lowest level in the past seven fiscal years as tougher US immigration rules, sharply higher costs, and wage-based selection norms pushed companies to become highly selective in sponsoring foreign workers.Delivery platforms deploy cooling cover: Intense heat waves in parts of the country and work-from-home policies adopted by many companies after the Prime Minister's call to reduce fuel consumption are driving a surge in orders on ecommerce, quick-commerce and food delivery platforms.Elevation Capital offloads Paytm stake: Digital payments major Paytm witnessed a series of block deals on Friday in which Saif Partners (now Elevation Capital) sold shares worth Rs 964 crore, according to filings with the BSE.Global Picks We Are Reading■ Why did our friends start sharing their location? (BBC)■ AI is minting new billionaires, and workers want their share (Rest of World)■ How the AI revolution has turbocharged M&A (FT)