Author: Girish Shetti

Here are the top trending news from the world of technology   1 John McAfee, Anti-virus Software Pioneer, is dead John McAfee, who is best known for launching the world’s first anti-virus software, has been officially declared dead. According to media reports, the self-styled entrepreneur committed suicide in the Barcelona jail. Although he singlehandedly pioneered the anti-virus software industry, his latter life has been marred by series of controversies. Apart from slew of controversies that included tax evasion and murder charges, he was also known for living a hedonistic lifestyle. 2 Elon Musk cautious about Starlink’s IPO Media has been…

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Car servicing startup GoMechanic announced on Wednesday that it has raised $42 Mn in Series C round. The fresh fund infusion has further consolidated Delhi-based startup’s reputation as one of the most well-funded startups in the car-servicing space. By the way, Tiger Global has the led the Series C round to continue with its ongoing funding frenzy. Existing investor Sequoia Capital was the second biggest contributor to the funding tranche. Orios Venture and Chiratae Ventures were among other existing investors that pumped capital in the series C round. GoMechanic did not shed light on the market valuation it commanded in…

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Here are the top trending news from the world of technology 1 To help you Shop, Facebook working on visual search on Instagram Among many projects, Facebook is currently busy in rolling out visual search feature on Instagram. This ongoing project is part of Facebook’s efforts to double down on shopping features across all platforms including Facebook. Experts argue that Facebook wants to seriously cash on the ongoing social commerce boom. This upcoming visual search feature is on the similar lines to ones offered by Snapchat and Pinterest.  2 Bitcoin hit by  cryptocrash Bitcoin  is heading for a harsh winter…

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Home Interior Service startup HomeLane has raised INR 15 Cr from Stride Ventures. This is an exclusive report from Techpluto. According to MCA filings, HomeLane has issued 1,500 NCDs or non-convertible debentures at 14.25% interest rate to Stride Ventures for raising 15 Cr debt. Stride Ventures has issued the NCDs under its Stride Ventures Debt Fund 1. It must be noted that Stride Ventures had announced the launch of Stride Ventures India Fund II only few weeks back. Home Lane had last raised 60 crore in a bridge round that saw the mix of debt as well as equity…

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Home fitness and wellness start-up Portl announced on Monday that it has raised an undisclosed amount in its Seed round of funding from Kalaari Capital. Last week, Kalaari Capital had led a $1.8 Mn Seed Funding round in SimpliContract. No other VC firm or angel investor has participated in the funding round. Portl says that it is an innovation company that combines fitness, technology and media. The company has developed two flagship products: Portl Mirror and the Portl Pro. Both devices use advanced AI to provide real-time exercise form analysis and correction feedback. This ensures that each exercise is performed…

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Here are top trending news from the world of technology 1) Facebook says it will begin testing ads on Oculus Headsets Facebook on Wednesday said that it will start testing ads in its VR headset Oculus. This is a significant step in company’s ongoing quest to monetize its VR vertical.  Facebook, along with many other big tech companies, have pinned their hopes that VR will be the next big thing in the tech world. 2) Satya Nadella gets a promotion at Microsoft After being the CEO of Microsoft for almost seven years, Satya Nadella has now been appointed as the…

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India’s home grown Nazara Technologies announced on Thursday that it has signed a binding term agreement to acquire majority stake in PublishME. PublishME is the largest mobile game publishing agency in the Middle East and Turkey. Nazara will invest approximately INR 20 Crore for acquiring 69.82% stake in the company.  The deal will be done through primary and secondary transaction and the deal will be done through Nazara’s subsidiary company. This is Nazara’s first acquisition post its successful IPO listing earlier this year. Nazara’s share price opened strongly on Thursday, trading at INR 1677 on NSE, nearly 0.84% jump from…

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Blue collar job platform Apna has secured $70 Mn fund infusion in a series B round. The Bengaluru based startup has commanded a valuation of $570 Mn in the latest round. The latest round has come barely two months after the startup scooped $12.5 Mn as a part of its Series A round. Tiger Global and Insight partners have led the Series B funding round while existing investors have also participated in the round. The existing investors include Sequoia Capital India, Greanoaks Capital, Lightspeed India and Rocketship VC. Apart from ramping up domestic expansion, Apna will use the fresh proceedings…

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Here are the top trending news from the world of technology…. 1 Youtube to ban certain ads including political ads According to reports, Youtube will stop accepting ads for its masthead ad units from certain verticals. This includes verticals like alcohol, gambling, election ads and political ads. Why this matters? Masthead ad refers to those ads that appear on Youtube’s Homepage feed, giving unprecedented exposure to the advertised products and services. Youtube, therefore, exuberant fees for running this ad. 2 U.S. Supreme Court gives LinkedIn another chance American Apex court has given LinkedIn another chance to allow one of its…

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Skillmatics, which offers products for child skill enhancement, has raised INR 22.47 Cr in Series A round. According to MCA filings, Skillmatics placed a private placement offer in April to issue total 2,50,807 series A convertible preference shares to raise funding of nearly INR 22 Cr. Smiti Holding and Trading Company has led the Series A round by contributing almost INR 15 Cr in the round. Smiti Holding has been allotted 1,67,205 convertible series A shares for its contribution. As per our reports, Vita Dani, owner of Indian Super League (ISL) franchise Chennaiyin FC, is one of the directors of…

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Indian VC giant Kalaari Capital has led a $1.8 Mn seed funding round in contract lifecycle management (CLM) platform. Other investors that have participated in this round includes Picus Capital, Arka Ventures, and Digital Sparrow Capital. Founded in 2020, SimpliContract leverages cutting edge technologies like AI and NLP to streamline the contract process. It aims to democratize contract authoring and establishes powerful post-signature contract management practices.  The company says that it wants to support organizations across the contract lifecycle – from request to renewal. By doing so, the company claims, it provides plethora of benefits to the clients. This includes…

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Top Trending news from the world of technology…. 1) U.S lawmakers introduce bills to Undo big tech’s monopoly In order to challenge & undo big tech’s monopoly, U.S lawmakers introduced not one but five bipartisan bills in the U.S congress on Friday. If these bills are passed and become acts then it will have deep ramifications on the way big tech companies operate. Big tech companies include companies like Apple, Microsoft, Google, Amazon and Facebook. To know more about this news, click here. 2) Chinese Rover Zhurong Takes a historic selfie China’s first ever rover on the red planet has…

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