Author: Girish Shetti

Here are the top trending news from the world of technology…. 1) Facebook’s top crypto executives is quitting the company Image Credits: Flickr Libra-cryptocurrency David Marcus, the man who was responsible for spearheading Facebook’s (now known as Meta), crypto project, announced on Monday that he is quitting the company by end of this year. Marcus’s departure will be coming at a time when Facebook’s ambitious crypto project Libra is not making much progress. More importantly, Facebook is currently going through critical in the wake of relentless scrutiny by the U.S. congress (Click here). 2) Google to ban political ads in…

Banking giant Citi Bank has made a strategic investment in equity and ESOP management platform Qapita. With this strategic investment, Citi has joined Qapita’s ongoing Series A round. The company had already raised $15 Mn in the earlier tranche of Series A that was co-led by East Ventures (Growth Fund) and Vulcan Capital. Qapita has refused to divulge the exact amount of investment that Citi Bank has made in the company. The company will use the fresh funds for launching a private company marketplace. This digital marketplace will help private companies in reporting and managing all aspects of equity…

Here are the top trending news from the world of technology 1) Jack Dorsey is no longer the CEO of Twitter Image Credits: Flickr Matin Guptil Jack Dorsey has now become the ex-CEO of Twitter Inc. This will be the latest updated information on his resume as the talismanic CEO stepped down from his high profile job barely few hours back. Dorsey’s job as a CEO of the microblogging giant was actually a dual as he is also the CEO of the fintech company Square. This was always a contentious issue for the stakeholder of Twitter (Click here) 2) …

Edtech startup UpGrad, which had turn unicorn earlier this year, announced on Monday that it is all set to acquire Global Study Partners (GSP), which is supposedly Australia’s largest study abroad company. UpGrad had to shell out 16 Mn AUD to buy 100% stake in the company, with commitment to invest another 10 Mn AUD in the company in future. The latest buyout marks UpGrad’s first-ever oversees acquisition. Till date, the Mumbai based company has been acquiring domestic companies or startups. According to reports, the Ronnie Screwvala promoted company has earmarked $250 Mn M&A war chest for acquiring promising companies.…

The millennial-focused fintech startup Slice has announced it has raised $220 Mn in a series B with its valuation topping up over $1 Bn in the latest round. With this round, Slice has become the latest entrant in India’s ballooning and fast-growing unicorn club. To be precise, it is the 41st unicorn of the ongoing year. Last week, three startups Spinny, NoBroker and Upstox gatecrashed into India’s unicorn club. Tiger-Global and Insight Partners co-led Slice’s series B round. Sunley House Capital, Moore Strategic Ventures, Anfa while existing Gunosy, Blume Ventures and 8i also participated in the round. Slice has…

Here are the top trending news from the world of technology 1) Italy fines Google and Apple for unethical data practice Italy’s regulatory body has imposed a hefty fine of $10 Mn euros apiece on Apple and Google for allegedly practicing aggressive data practices. The Italian regulator has alleged that both tech giant deliberately withheld information from its users about the commercial use of their personal data. Apple and Google have so far not commented on this matter. The last few years have been particularly rough for big tech as it has been facing severe crackdown in the home country…

Here are the top trending news from the world of technology 1) China asks Didi to delist from NYSE Didi Chuxing raises $13 billion in fresh round. China’s tech regulator has asked country’s ride hailing giant Didi to eke out a plan to delist from American stock exchange (NYSE), according to media reports. China has cited fear of leaking sensitive data to the U.S. government and subsequently posing national security threat to the country. China’s latest pressure tactics on Didi is widely seen as communist country’s ongoing crackdown against big tech companies (Click here) 2) Uber to shut services in…

2021 is likely to go down as the unicorn year for the Indian startup industry unless 2022 proves to be even better year for the unicorn startups. Until then 2021 will be considered as one of the historic years for Indian startups. Adding another important chapter to this unicorn year are two new startups Spinny and Upstox. The two startups have raised fresh funds at unicorn valuation, according to media reports. However, both startups have so far not issued any official comment on the funding news. According to media reports, the used car marketplace Spinny has raised Rs 1,849.85 ($248…

Here are the top trending news from the world of technology 1) Instagram head Adam Mosseri to test before Congress for the first time Instagram’s CEO Adam Mosseri will be testifying congress in the first week of December. This will be the first time that Instagram’s CEO will be testifying in front of U.S. lawmakers. The development assumes importance given the increasing scrutiny that Facebook off late. Following the leaking of internal documents, Instagram was especially accused of putting the teenage population under depression (Click here). 2) Elon Musk sells off another $1Bn Tesla stocks Image Credits: Flickr Gillinghammer Tesla’s…

On Wednesday, the Cryptocurrency had a field day on Twitter. The reason being that the Indian government has finally placed the crypto bill in the parliament for discussion. Officially known as Cryptocurrency and Regulation of Official Digital Currency Bill 2021, the bill is being eagerly awaited by the crypto industry. As the countdown for the upcoming bill has already started, a sense of panic and tension has gripped India’s nascent crypto industry. This panic was very much palpable in the crypto market on Wednesday as prices of Bitcoin, Ethereum and other leading digital currencies fell sharply in the Indian market.…

Bengaluru based startup NoBroker announced on Tuesday that it has raised $210 Mn in its Series E funding round. General Atlantic, Tiger Global and Moore Strategic Ventures spearheaded the funding round. With thi s unicorn, the Bengaluru based startup has become India’s first proptech startup to earn a unicorn tag. The eight year old startup clocked a post funding valuation of $1.01 Bn in its latest Series E round. NoBroker is now the 38TH unicorn of the ongoing year. The Tiger Global backed startup will use the funds to ramp up its existing product & technology team, penetrate further…

Milan Ganatra, CEO & Co-Founder of 1 Silver Bullet It is no secret that India’s vibrant startup ecosystem is the third-largest in the world. In the past five years, startups in India have created close to 5.5 lakh jobs and with an even younger workforce, these figures are only set to grow. One of the main reasons why so many young people and millennials are drawn to working at startups is because of the perks that are up for grabs. Along with flexible working hours and remote working options, there are several financial benefits that are offered.  And one such…