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Essential Sued For Allegedly Stealing Wireless Connector Technology

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Essential Sued For Allegedly Stealing Wireless Connector Technology,Startup Stories,Business Latest News 2017,Andy Rubin latest startup Essential Products,Wireless Connector Technology,Latest Technology News and Updates,Chief Executive Officer of Essential

The co creator of Android, Andy Rubin’s latest startup Essential Products is being sued by the wireless technology company Keyssa Inc., over allegedly stealing their connector technology.

Keyssa Inc., which is backed by the iPod creator and Nest founder Tony Fadell, has reportedly filed a lawsuit against Essential for stealing trade secrets and for breaching their nondisclosure agreement. In the lawsuit, Keyssa alleges Essential engaged in technology and design discussions with the company for 10 months but ultimately terminated the relationship. The Essential Phone, which released in September this year, was one of the first devices on the market that featured a wireless connector.

Keyssa claims all the information shared with Essential was protected under a nondisclosure agreement including information regarding the proprietary technology which enables every facet of Keyssa’s wireless connectivity. The company also deployed a team 20 of its top engineers and scientists “to educate Essential on its proprietary tech.” They also reportedly sent “many thousands of confidential emails, hundreds of confidential technical documents and dozens of confidential presentations,” to Essential.

The technology company claims  Essential’s final phone incorporates many of their techniques although they use a different chip. Keyssa specifically argues the Essential phone incorporates its techniques such as their antenna designs. Speaking about the lawsuit, the company released an official statement stating, “Keyssa has not been compensated for Essential’s use of this guidance and know how. We are pursuing this action because our attempts to resolve this matter through discussions with Essential have not been successful.”

Essential uses modular connector pins on the back of the phone which allow the company to build accessories and smart home devices, such as the 360 degree camera. If Keyssa wins this lawsuit, then Essential will lose one of their most defining factors. Essential said they could not comment on the issue as they haven’t been officially served with the lawsuit. However, Andy Rubin, who is the Chief Executive Officer of Essential, has not been named in the lawsuit.

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PhonePe’s PINCODE Launches 10-Minute Medicine Delivery in Cities

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PhonePe

PhonePe’s PINCODE app has launched a 24×7 online medicine delivery service in Bangalore, Mumbai, and Pune, promising delivery of both prescription and over-the-counter medicines within 10 minutes from nearby local medical shops. Unlike conventional e-pharmacies that use dark stores, PINCODE partners exclusively with neighborhood pharmacies, enabling faster deliveries and supporting local businesses in the digital economy.

Customers without prescriptions can select a “no prescription” option when ordering; a qualified doctor then provides a free teleconsultation and issues a digital prescription compliant with telemedicine guidelines, ensuring seamless access to medicines. The app offers competitive pricing by passing discounts from local pharmacies directly to customers and charges no delivery fees.

PINCODE’s hyperlocal model enhances healthcare accessibility and convenience while empowering local pharmacies, helping them remain integral to their communities and stimulating local economic growth. Launched in 2023, the app focuses on quick commerce with an emphasis on speed, reliability, and supporting local sellers.

In summary, PhonePe’s PINCODE app is transforming medicine delivery in major Indian cities by combining ultra-fast 10-minute delivery, free doctor consultations, and a hyperlocal sourcing model that benefits both consumers and neighborhood pharmacies.

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Piyush Anchliya Joins Cashfree as CFO Amid Fintech Boom

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Cashfree Payment - StartupStories

Cashfree Payments has appointed Piyush Anchliya as its new Chief Financial Officer (CFO), effective April 15, 2025. Anchliya brings over 15 years of experience in investment banking, corporate finance, strategy, and mergers and acquisitions, with senior roles at Barclays, Bandhan Group, and most recently as CFO of Bandhan AMC. He holds an MBA from IIM Ahmedabad and a B.Tech. from IIT Kharagpur.

In his new role, Anchliya will lead Cashfree’s financial strategy, optimize operations, and support the company’s next growth phase. He will report to CEO and Co-founder Akash Sinha, who highlighted Anchliya’s expertise as vital for sustainable scaling and strengthening the company’s financial foundation. Anchliya succeeds outgoing CFO Vikas Guru, who will assist during the transition.

Founded in 2015, Cashfree Payments processes over $80 billion annually for more than 800,000 businesses. The company recently raised $53 million in funding led by KRAFTON and Apis Growth Fund II and secured key RBI licenses, positioning it for accelerated growth in India’s fintech sector. Anchliya’s appointment comes at a pivotal time as Cashfree aims to expand its leadership in digital payments.

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Flipkart’s Jeyandran Venugopal Likely to Join Reliance Retail as CEO

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Jeyandran Venugopal, the outgoing Chief Product and Technology Officer of Flipkart, is set to become the CEO of Reliance Retail Ventures (RRV), the retail arm of Reliance Industries. His appointment, expected to be finalized in May after his exit from Flipkart, signals Reliance’s push to strengthen its retail business with a technology-first approach.

Venugopal brings extensive experience from leading roles at Flipkart, Myntra, Yahoo, Snapdeal, and Amazon, where he focused on scaling technology platforms and driving innovation. At Flipkart, he managed product, engineering, data science, and more, helping build robust systems and improve user experience.

His move comes as Reliance Retail undergoes transformation, including cost-cutting and a renewed focus on digital growth. Venugopal’s leadership is expected to accelerate Reliance’s ambitions in omnichannel and tech-driven retail, positioning the company for continued dominance in India’s evolving market.

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