My CEO is Micro Managing Engineers 😡

Hi, I am working in a early stage startup and our CEO has established the culture of transparency where he shares every update regarding company funding, customer sales, revenue and answers all questions within company but one thing that has been bugging me is his micromanaging.

He has integrated a bot in slack which ask for what did you do yesterday ? and what are you going to do today ? , Everyday

He also managed a spreadsheet of our tasks and takes the exact estimate in days makes a calendar view there and keeps asking up to update on our tasks progress in multiple meetings or on chat.

I didn't had such experience in prior companies but he mentioned, such things were being followed in NyKa, DineOut, etc as well

Does the well known companies like Phonepe, Uber, Zomato, google, amazon, Microsoft, De shaw, sprinklr follow this as well ?

I just wanna check, is he doing too much or it this a standard in Indian companies ?

Thanks to all whoever reply to this post, please share your current & past experience.