Author: Girish Shetti

Cloud Kitchen startup Curefoods, started by CureFit co-founder Ankit Nagori, announced on Friday that it has acquired 6 cloud kitchen brands in one swoop. The Bengaluru based company has said that it will continue to maintain a strong appetite for acquisition as it plans to onboard 25 more cloud kitchen brands in near future. The latest acquired brands include CakeZone, MasalaBpx and ParathaBox while Curefoods has secured exclusive online franchising rights of YumLane, Sharief Bhai and Aligarh House. In recent years the niche area of cloud kitchen has gained lot of traction. Much of this credit will probably go to…

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Here are the top trending news from the world of technology 1 WeWork makes a stock market debut (finally) Image Source: Flickr The beleaguered co-working startup WeWork finally made its debut on the American stock market on Thursday. WeWork, which was once backed by Soft Bank, went public with the help of SPAC merger deal. The company commanded a valuation of nearly $9 Bn during its IPO listing. The current valuation is a fraction of $47 valuation that it boosted barely two years back. However, the lofty valuation simply couldn’t sustain after two botched IPO attempts (click here). 2 Google…

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PayPal

Here are the top trending news from the world of Technology 1 PayPal has approached Pinterest for Acquisition Image Credit: Flickr Official Gates Payment giant PayPal is exploring the acquisition of social media company Pinterest for nearly $45 Bn, according to media reports. If the deal goes through then it will go down as the biggest acquisition in the technology space. It will also be PayPal’s most expensive acquisition till date. Sources privy to matter are claiming that PayPal is attempting to acquire Pinterest in its bid to become a ‘super app’ (Click here). 2 Trump all set to launch…

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U.S payment major Stripe INC announced on Wednesday that it is all set to acquire Bengaluru based reconciliation specialist startup Recko for undisclosed amount. The deal is subjected to customary closing conditions. The acquisition marks Stripe’s first-ever acquisition in India. The American and Irish Fintech major has been ramping up its investment and hiring process over the last few years. In March this year, Stripe became America’s most valued startup, valued around $95 Bn following its $600 Mn fundraise. In fact, today it happens to be one of the most valued startups in the world. Recko’s acquisition will help the…

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Here are the top trending news from the world of technology 1 Facebook planning to rebrand itself with a new name Image Credits: Flickr marshal anthonee Facebook may adopt a new name as part of its image makeover and break the underlying public perception that it is merely a social media company. According to The Verge, Facebook will adapt a new that will lay great emphasis on its upcoming AR & VR product Metaverse. Zuckerberg has always reiterated that in future AR and VR products will become as ubiquitous as smartphones are today. However, there is still no information about…

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Ride hailing major Ola’s Chief Financial Officer (CFO) Swayam Saurabh and Chief Operating Officer (COO) Gaurav Porwal are all set to leave the company. According to Money Control, both high profile executives resigned from their posts last week. Ola has so far not officially commented on this news report. The exit of top executives has come at a time when Ola is gearing up for its much anticipated IPO. The company had raised $500 Mn in a pre-IPO funding round barely three months back. The frequent exits of top executives has apparently became a chronic problem for Ola.…

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Facebook

Here are the top trending news from the world of technology… 1 Facebook is pilot-testing new feature for cross-posting Facebook feed posts to Instagram Image Credits: Flickr https://quotecatalog.com/ Facebook already allows its users to cross-post their Instagram Stories and Reels on their Facebook Wall. Now the social media giant is busy testing a new feature that will reverse this direction. In other words, now users can cross-post their Facebook posts on Instagram. Notably, this will also include photos and videos. Facebook is testing this new feature at a time when Instagram is trying hard to maintain its popularity among…

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Pharmacy startup PharmEasy has raised nearly $350 Mn in what is been described as a pre-IPO funding round. The news about PharmEasy’s latest funding was broken by The Economic Times. The Mumbai-based startup, according to reports, is just days away from filing its DRHP with regulatory body SEBI.     PharmEasy’s nearly $350 Mn funding round includes a secondary component. The company has raised almost $200-$205 Mn through primary funding. The primary funds were infused by slew of marquee investors including Amansa Capital, Blackstone backed hedge fund ApaH Capital, OrbiMed and SteadView Capital. The company has raised remaining funds, i.e. nearly…

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Portrait Shot of Twitter CEO

Here are top trending news from the world of Technology 1 Jack Dorsey says Square may foray into Bitcoin Mining Business Image Credits: Flickr Matin Guptil It is no secret that Jack Dorsey is a big fanboy of cryptos. Therefore, his latest announcement that his fintech led company Square is foraying into bitcoin mining business did not come as a major surprise. Dorsey made an all-important announcement about this through his Twitter handle. He tweeted that Square is considering a “bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide.” Bitcoin’s prices have already spiraled…

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Possibly months before its much anticipated IPO, merchant platform Pine Labs announced on Thursday that it is all set to enter into the payment gateway space. Foray into the payment gateway space marks a natural progression for the Noida headquartered company, which has a dominant presence in the POS, BNPL and other areas. Pine Labs has added a new vertical at a time when the company is in the midst of preparing for its public listing, possibly at NYSE or Nasdaq. This step may bode well for its plans to create optimism among investors for its IPO listing. Investors…

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Here are top trending news from the world of technology 1 Facebook to ban ‘Sexualized’ Content Facebook announced on Wednesday that it will launch new mass anti-harassment policy. As part of this policy, the social media giant will start removing “severe sexualizing content” targeting public figures. Facebook will essentially remove any profiles, pages, groups or events dedicated to sexualizing public figures. Public figures, according to Facebook’s official statement, includes famous celebrities, journalists and content creators. The social media giant is in the midst of updating its content policy following series of high-profile leaks accusing the platform of fostering content that…

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AI_startup

Here are the top trending news from the world of technology… 1 Microsoft and Nvidia claim that they have created the most capable AI powered language model AI startup Racetrack raises $5 million. Microsoft and Nvidia have claimed that they have trained and created what they tout as the most capable AI powered language model to date. This language is officially known as Megatron-Turing Natural Language Generation (MT-NLP). Both companies are claiming that MT-NLP, containing 530 Bn parameters, achieves unmatched accuracy in a broad set of natural language tasks. This includes reading comprehension, commonsense reasoning and natural language reference (Click…

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