Author: Girish Shetti

Shazam.

1) Apple likely to postpone its mixed-reality headsets until 2023 (here’s why) Apple may delay its much anticipated mixed-reality headsets either by late 2022 or early 2023, according to Bloomberg. This delay is likely to be caused because Apple is supposedly facing overheating, camera and software problems. As and when Apple launches its mixed reality headset, it will be a big add-on to its product category and will mark its foray into the world of augmented and virtual reality (Read more).        2) Netflix increases subscription prices in the U.S. and Canada Streaming giant Netflix has increased its…

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Image source: Evage.in Electric vehicle maker EVage announced on Friday that it has raised $28 Mn from U.S. based venture capital firm RedBlue Capital. No other investor participated in the round. The round marks a milestone for EVage as this is among the largest seed funding round raised by any Indian startup.   The proceedings will help the company in setting up production-ready factory outside of capital Delhi in Fy2022-23. The company has already developed its flagship and first logistics focused industry vehicle called the Model X. Model X is a one tonne truck solely designed for the logistic industry.…

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Here are the top trending news from the world of technology 1) Big Tech Companies Subpoenaed by January 6 Committee The big tech companies including Google, Twitter, Meta and also Reddit have been Subpoenaed by the Congress committee. This commitee was formed to investigate the Capitol Hills riot that took place on January 6th last year. The committee said that the responses filed by these companies to defend their alleged role in instigating the riots have been found to be inadequate. Following the last year’s unprecedented riots at the Capitol Hill, all social media companies came under great…

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On Thursday India’s rapidly growing unicorn club added another member after edtech startup Lead School announced that it has raised $100 Mn in Series E round. WestBridge Capital and GSV Ventures spearheaded the round. This is their largest edtech investment, according to the statement issued by the VC firms. Lead School is the 6th edtech startup to join the coveted unicorn club. It is also the third unicorn of 2022, after Mamaearth and Fractal joined the club earlier this month. This is the 6th institutional round for the Mumbai based startup since 2017. The company will use the proceedings…

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Here are the top trending news from the world of technology 1) Apple has started pulling off Wordle game Clones from its app store Apple Inc issued a statement on Wednesday that it has initiated the action of removing the clones of Wordle game from its app store. Wordle is a website only word game that has seen massive surge in popularity recent weeks. Since the game does not have a app version, many developers started creating the clones of the Wordle game on the Android app store and Apple’s app store. The Wordle game has been developed by the…

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Open source low code platform Tooljet announced on Wednesday that it has raised $1.5 Mn in a seed funding round. VC firm Nexus Venture Partners spearheaded the round while Ratio ventures, Better capital and Alan Rutledge also participated in the round. The seed funding round equally saw participation from several angel investors including Rohan Murty (founder of Soroco), Sony Joy (head of Enterprise at Truecaller), Vipul Amler (founder of Saeloun), Mohammed Hisamuddin (founder of Entri )and Abhi Kumar of M12 Ventures. The company said that it plans to use the seed funding for expanding its team to accelerate the development…

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Mark Zuckerberg at the U.S. Congress hearing

Here are the top trending news from the world of technology 1) U.S court rejects Facebook’s petition to dismiss FTC’s anti-trust probe Image Credits: Flickr Steven Stern A U.S court has rejected Facebook’s parent company Meta’s petition to stop FTC’s anti-trust probe against the company. The rejection of lawsuit will be perceived as another setback for the social media company, which has been facing relentless regulatory scrutiny since last year’s whistleblower scandal. Apart from anti-competitive practices, FTC’s lawsuit has asked Meta to sells Instagram and Whatsapp, which are among the most used social media platforms in the world (Read more)…

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Early stage investor Elevation Capital (formerly known as Saif Partners) announced on Tuesday that it has promoted its partner Mukul Arora to the position of co-managing partner. Arora will now co-lead the VC firm along with Ravi Adusumalli, who also holds the position of co-managing partner at the firm. Elevation Capital made the news official on its Twitter handle. Arora joined Elevation Capital in the year 2010 as associate partner. Since then he has been steadily climbing the ladder in the firm, from becoming a Vice President in 2013 to becoming a partner in 2016. The latest promotion puts…

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Here are the top trending news from the world of technology 1) Whatsapp’s co-founder Brain Acton is now Signal’s Interim CEO Whatsapp’s rival Signal has announced that Whatsapp’s co-founder Brain Acton will be the new CEO of the instant messaging company. This after Signal’s CEO Moxie Marlinspike decided to step down from the position. Marlinspike said that the company is still scouting for a permanent CEO. Notably, Acton left Whatsapp in 2017 after falling out with Facebook over data privacy and several other contentious issues (Read more) 2) Meta postpones office reopening Meta (previously known as Facebook) has once again…

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Fintech platform Pine Labs has confidentially filed for an IPO with the U.S. Securities and Exchange Commission (SEC), Bloomberg news reported on Monday, citing close sources privy to the matter. Pine Labs has so far not commented on this report. This development has come to the fore barely days after SBI, India’s largest bank, announced that it has invested $20 Mn in Pine Labs. The report further claims that the Mastercard and Sequoia backed company is seeking to raise $500 Mn at a valuation of $5.5-7 bn. Morgan Stanley and Goldman Sachs have been roped in to work for…

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Series SaaS management platform Zluri announced on Monday that it has scooped up $10 Mn in a series A round. The round has brought MassMutual Ventures, which has led this round, as the new investor on the company’s captable. Existing investors Endiya Partners and Kalaari Capital also took part in this round. Endiya Partners and Kalaari Capital had pumped $2 Mn Zluri in a seed funding round in January 2021.        The company said that it will use the funds to continue its growth momentum and double down its presence in core regions like Asia and North America. Commenting on…

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Ola

Online stock market and mutual fund investment platform, Groww, has probably found its most high profile angel investor. Groww’s co-founder & CEO Lalit Keshre announced on Saturday that Microsoft chief Satya Nadella has joined the company as its new investor. Nadella will also act as the advisor to the Bengaluru based company. Mr. Keshre made the announcement on his twitter handle. But he did not announce the exact quantum of investment that Nadella has made in the company. It seems that Nadella has made investment in his personal capacity. To the best of our knowledge, this is Nadella’s first investment…

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