Author: Girish Shetti

It is not very common to hear about Indian startups raising funds through ICO or initial coin offering. But video sharing app Chingari e has done this uncommon thing after raising $19 Mn via token funding round, i.e. ICO.    Dozens of crypto firms and crypto investment firms participated in this ICO funding round. Republic crypto, Galaxy digital, Alameda research, Solana capital are some of the major crypto firm that have participated in this round. This is the second fundraise for Chingari, which had raised $13 Mn in Pre-series A round earlier this year. The Pre-series A round onboarded…

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1 Google says ‘no ad change monetization’ for climate change deniers   Google and You Tube have decided to do their bit for promoting climate change. Both the platforms on Thursday announced a new ad policy that will stop serving ads on platforms that either denies or promotes mis-information on climate change. This is Google’s most aggressive and strict ad policy till date for curbing falsified information around climate change. As per the official statement, Google is against content referring to climate change as hoax or scam, denies adverse impact of green house gas emission so and so forth (Click…

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Rebel foods, which operates plethora of cloud kitchen brands, is the latest Indian startup to cross the billion dollar valuation. The Mumbai based startup announced on Thursday that it has raised $175 Mn in a Series F round led by Qatar Investment Authority with participation from existing investors Coatue and Evolvence. The fresh funding has pushed the startup’s market valuation to $1.4 Bn. Rebel foods becoming unicorn marks the hat-trick, since three new startups have embraced the coveted club during the last three consecutive days. Licious, CoinSwitch and now Rebel Foods. Over all, Rebel Foods is the 31st unicorn of…

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Jack Dorsey at an event

Here are the top trending news from the world of technology…. 1) Twitter all set to sell Mobile Ad Unit company MoPub for $1 Bn Image Credits: Flickr Jessica Lovely Twitter announced on Wednesday that it is all set to sell mobile ad company MoPub, a company that twitter had acquired in 2013 for $350 Mn. MoPub will be sold to AppLovin Corp in all cash deal. Twitter’s decision to offload MoPub has come after Apple has made it really difficult for digital advertisers to track users’ cookies on Apple devices (Click here). 2) Twitch gets hacked, Source code and…

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Health tech startup Healthifyme on Wednesday categorically denied that its co-founder and CEO Tushar Vashist owned any shell companies or Singapore holding companies with connection to politically influential figure. This denial is in response to damaging allegations made by that Pandora Paper published in the Indian Express. In its official statement, Healthifyme said that Mr. Vashist is only a minority shareholder of the company and has no shareholding either in Lang Capital Fund, Asiaciti or Atlas Asset Management. The Indian Express article has specifically claimed that Healthifyme is linked to Lang Capital Fund (LCF), allegedly an offshore company that is…

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The year 2021 is turning out to be nothing short out to of a blockbuster year for the Indian startup industry. The unabated pace at which Indian startups are embracing the unicorn club is indicative of the fact that the domestic startup industry has reached an inflection point. Adding more flair to India’s unicorn story is CoinSwitch Kuber. The crypto startup has become the latest startup to surpass the billion dollar valuation. The Bengaluru based startup said on Tuesday that it has raised over $260 Mn in Series C round. Andreessen Horowitz and Coinbase Ventures led the round while existing…

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Here are the top trending news from the world of technology…… 1 Telegram claims that over 70 Mn new users signed up to its platform during Facebook outage Messaging app Telegram claims that over 70 Mn unique users signed up to its platform during Facebook’s massive outage on Monday. This was revealed by Telegram’s owner Pavel Durov. Durov also disclosed that onboarding of 70 MN on a single day did not majorly effect its services though it services witnessed minor rippling effect. Telegram managed to capitalize on Monday’s outage because the massive outage also affected the services of WhatsApp, the…

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Vivek Gupta & Abhay Hanjura, Co-Founders, Licious India’s unicorn world keeps ballooning and inflating. The latest entrant in this coveted world is just as exceptional as was Apna, a blue-collar marketplace that was crowned last nonth as the youngest startup to cross the one billion dollar valuation. Licious, the meat and seafood brand, is actually the newest unicorn in India’s startup industry. What makes Licious standout in the unicorn world is that it is the first D2C brand to surpass the billion dollar valuation. D2C means direct to consumer brand, which implies that the company does not deal with any…

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Here are the top trending news from the world of technology 1 Facebook finally gives an explanation for six hour outage Facebook logo Facebook has finally given reason for its biggest global outage that lasted for nearly 6 hours on Monday. The social media giant said that the global outage was the result of configuration changes to its routers. To put this in layman’s language then Facebook’s machines were not able to talk to each other, leading to complete communication breakdown. The company shrugged off hacking and data theft as the reason for Monday’s outage. The Monday’s outage was so…

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Blue Collar workforce management Smartstaff announced on Monday that it has raised $4.3 Mn  in a seed funding round. Blume Ventures, Nexus Venture Partners and Arkam Ventures, along with Gemba Capital participated in the round. Dozens of angel investors also took part but their names were not disclosed. Smartstaff was founded in October 2020 by four co-founders and ex-colleagues at Runnr – Arpit Dave, Viral Chhajer, Ganesh Chilukuri and Aravind Reddy. Blume Ventures and Nexus Venture Partners were also the early backers of Runnr. Zomato had acquired the hyperlocal logistic startup Runnr in 2017 in all stock deal for $40…

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Freshworks_funding

India’s second most valued SaaS startup Freshworks has valued its initial public offering (IPO) at $36 per share. The Chennai based startup had initially plans to sell the shares in the open market in the price range of $32-$34 per share. But apparently buoyed by the investors’ interest, the SaaS major has now decided to increase share price to $36. At the current price of $36 per share, Freshworks will be raising $1.03 Bn from the IPO offering. The company is all set to make the debut on the Nasdaq Global Select market under the symbol ‘FRSH’ on September…

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Googles-quantum-leap

1 Google plans to purchase New York Office Building for $2.1 Bn Image Credits: Flickr Saville Google announced on Tuesday that it plans to buy the New York office building for whopping $2.1 Bn. The search engine giant currently uses the building on lease basis. This is the most expensive real estate deal for any single US building since the inception of pandemic. This expensive real estate deal has come at a time when Google has already postponed its return to office date (Click here) 2 Facebook claims to have spent $13 Bn on safety and security Image Credits: Flickr…

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