Critics have raised questions on whether it is right for local productions to allow Netflix and its ilk to monopolise content rights to their shows at a time when the Korean market has emerged as a content hub.
Sources aware of the matter said the increased interest in tech IPOs and the headroom for further growth in its business as well as likely valuation after the share sale led to the founders reducing their OFS by 85-90% by value.
Fi had raised $13 million from Ribbit Capital and Sequoia Capital, in a seed round last year.
Today, PolicyBazaar’s parent company becomes the third Indian tech startup to tap the public markets after Zomato and Nykaa. We’ve got all the details of its IPO, including news that the founders will sell far fewer shares than they had originally planned to.
Venture capital fund Nexus Venture Partners and Silicon Valley’s Y Combinator also participated in the funding round along with prominent angel investors including former chief business officer of WhatsApp, Neeraj Arora.
The US-based company reported revenues of $26.1 billion, up 15% in the second quarter of the ongoing fiscal year.
Top Indian IT companies are expected to post double-digit growth rates amid high demand for their services globally, but several factors — including a talent crunch and margin pressure — may force them to look at the rear-view mirror more closely.
The DRHP would be a minimum of Rs 6,000 crore and PharmEasy could potentially increase it by another 20% as per market regulations, people familiar with the matter said.
In a keynote presentation announcing his company's name change - from Facebook to Meta - and a shift away from traditional social networking, Zuckerberg made sure to insert a long-standing gag that his employees and followers would appreciate: a bottle of barbecue sauce.
Apple on Friday for the first time signalled that its strongest objections are to the requirements to allow buttons and links that provide a "mechanism" for outside payments.
The platform is doing five lakh bookings a month with an annualised rate of $80 million in consumer spending, as travel picks up across India.
Following the success of Zomato’s listings, many of these new-age businesses are readying IPO plans.
In all, at least $33 billion in market capitalisation would be added to Dalal Street within a fortnight by companies that didn’t exist a decade ago — Nykaa, Policybazaar and Paytm — by way of their initial public offerings (IPOs).
The SoftBank-backed startup saw bids that were nearly 40 times higher for the anchor slot of its initial public offering (IPO), with investors like Fidelity, Baillie Gifford, Dragoneer Group, BlackRock and others also participating.
Apple took a $6 billion hit to its sales during the fiscal fourth quarter due to a nagging global supply chain problem, leading to a miss on Wall Street expectations.
Adani's stake purchase in Flipkart-owned Cleartrip comes at a time when the wider travel and hospitality industry is witnessing a post-pandemic revival of sorts. The transaction is likely to close next month, subject to necessary approvals.
This fundraising comes six months after it raised $45 million from Sequoia Capital India and existing investors Verlinvest, Blume Ventures, and JSW Ventures.
The name change was accompanied by a new logo designed like an infinity symbol (an uncanny resemblance to Hyperloop's logo).
Apple said revenues and profits for the fiscal fourth quarter were $83.4 billion and $1.24 per share, compared with analyst estimates of $84.8 billion and $1.24 per share, according to IBES data from Refinitiv.
CoinSwitch Kuber’s cofounder Ashish Singhal and Sumit Gupta of CoinDCX will be primarily responsible for the growth of the crypto industry in India — both from companies and consumer perspectives.
The new feature will initially be available to a limited number of Twitter Spaces Hosts on iOS (and all listeners on iOS and Android), and within a few weeks expand to everyone else.
The leaked photo shows a Facebook smartwatch with a screen and casing that’s slightly curved at the edges. The front-facing camera appears at the bottom of the display, and there’s a control button for the watch on the right side.
Meesho, a social commerce platform that’s looking to take on Amazon and Flipkart in India’s ecommerce space, has repurchased ESOPs worth $6 million so far with across-the-board participation.
Bajaj Auto managing director Rajiv Bajaj, during the launch of the new Bajaj Pulsar, took a dig at EV startups and coined new terms such as 'BET' and 'OATS'. Talking about the future of electric vehicles, Bajaj said that he puts his trust in 'BET' (Bajaj, Enfield and TVS).
Amazon said it anticipates $4 billion in additional labour and related expenses during the fourth quarter, amid pandemic-fueled shortages that made it harder to hire warehouse workers and drivers, and forcing it to route packages to out-of-the-way warehouses with sufficient staffing.
“During fiscal 2021, we earned nearly one-third of our revenue from emerging markets and doubled our business in India and Vietnam. We are optimistic about the future, especially as we see strong demand for our new products,” said Cook.
Facebook Inc.'s announcement that the company would henceforth be called Meta Platforms Inc. unleashed a torrent of hilarity on Twitter from companies, people and even the social media giant itself.
Facebook Inc. is changing its name to Meta Platforms Inc., joining a long list of companies — including Google, Philip Morris and Nefflix — that have tried to rebrand themselves over the years, with varying success.
Infosys has come together with BP Plc to co-develop and pilot an energy-as-a-service (EaaS) solution to optimise utilisation of power and help businesses meet their goals of reducing emissions.
Wipro in partnership with Oracle, today launched Wipro Tollway Transportation and Billing solution to improve commuters’ experience while improving profitability for tollway authorities.
A new study by IBM finds that the cloud market has entered the hybrid, multicloud era and concerns around vendor lock-in, security, compliance and interoperability remain paramount.
InCorp India said the transaction envisages a primary infusion accelerating tech and product development and sprucing up the marketing, sales and talent acquisition at Vakilsearch.
Facebook, under fire for spreading misinformation and other issues, said the name change was part of its bet on a next digital frontier called the metaverse, where friends and family can ineract with each other, no matter where they were on the planet.
The panel, headed by BJP member of parliament PP Chaudhary, is likely to submit the report in the upcoming winter session of Parliament.
Paytm's upcoming initial public offering (IPO) — touted as the largest ever in India — is set to value the firm at about $19.5-$20 billion when it opens for subscription next month.
Facebook's name change is the most definitive signal so far of the company's intention to stake its future on a new computing platform -- the metaverse.
Founded in 2018 by Tholkappiyan Velavan, Abhishek Rajagopal, Aravind Sriraman, Hypto launched its first stack that supports payments infrastructure in March 2020. The platform has processed over 55 million transactions worth more than $15 billion.
The Annapoorneshwari Nagar Police in Bengaluru had earlier registered an FIR on the fantasy gaming platform on a complaint from a city resident that the game operator was violating the new state law banning wagering and betting in online games.
The acquisition of Traviate Online will add a new revenue stream, “fast-track” EaseMyTrip’s expansion into the B2B hotel and holiday space and result in higher cost efficiency, according to a regulatory filing.
The Australian Competition and Consumer Commission (ACCC) also wants to limit Google's ability to pay Apple Inc to have its search engine installed as the default option on the smartphone maker's devices, the regulator said in a report on Thursday.
WazirX recorded its highest daily trading volume worth $562 million between Wednesday and Thursday. Meme coin Shiba Inu’s volume alone was ~$338 million of the total, the company said on Thursday.
The value of the two fortunes—a sum bigger than the market value of Johnson & Johnson and about equal to that of America’s biggest bank, JPMorgan Chase & Co.—is yet another watershed moment in what’s shaping up to be a historic week for billionaires.
The move, known as a "legal hold" follows intense media, legal and regulatory scrutiny over the social network's harms.
Healthtech platform Cloudphysician will use the funding to expand its global footprint and invest in strengthening its teams across verticals such as commercial, medical, technology and data science.
Cognizant clocked an attrition rate of 33% in the quarter ended September 30, far exceeding those recorded by TCS (11.9%), HCL Technologies (15.7%), and Infosys, Wipro and Tech Mahindra (20%).
Just a few weeks into the job, Rohit Chopra made his mark when the CFPB ordered Amazon.com Inc, Apple Inc and Facebook Inc to hand over information about how they gather and use consumer payment data.
Wiggles will use the funding from Anthill Ventures and others for R&D of new category-creating products and expansion. Its peers Heads Up For Tails and Supertails recently raised funds, indicating investor interest in the petcare segment.
The latest purchase of bitcoin, worth nearly $25 million at current prices, marks the first government acquisition of the cryptocurrency since September 20, when President Nayib Bukele said it had bought 150 bitcoins.from Technology News, Latest Gadget Reviews, Gaming & Tech Videos | Times of India https://ift.tt/o3b1NzK
