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Tuesday, 2 March 2021

Wirecard’s Indian deal started with ‘fraud’, UK judges say

The transactions in 2015 are being scrutinised in courts in London and Chennai, with the former minority holders of Hermes I-Tickets Pvt. Ltd. saying they were cheated of millions of dollars.

from Tech-Economic Times https://ift.tt/3rnJlrT

The ePlane Company raises $1 million to build a flying electric taxi

The funding is expected to help The ePlane Company through the prototype stage of building a flying electric taxi with a range of 200 km and seating capacity of two.

from Tech-Economic Times https://ift.tt/3sL5h0m

ETtech Evening Briefing on Mar. 2, 2021: The rise of the Indian influencer-investor

Content creators such as Tanmay Bhat and Ranveer Allahabadia are channeling their influencer monies into startups. Nasscom recommends flexible hours for gig workers. Jack Ma’s Ant Group shelves share buyback.

from Tech-Economic Times https://ift.tt/2OgaTRf

Instacart valuation more than doubles ahead of tentative IPO

Instacart, which reportedly has picked Goldman Sachs to lead its IPO, has raised $265 million in a funding round led by existing investors—doubling its valuation in less than six months to $39 billion.

from Tech-Economic Times https://ift.tt/3dVRhwu

Noise appoints Nicobar Design’s Utsav Malhotra as COO

As Noise COO, Utsav Malhotra will play a pivotal role in formulating and executing strategic initiatives, vision and developing a roadmap for achieving its business goals, the wearables maker says in a statement.

from Tech-Economic Times https://ift.tt/2MENQ21

Facebook oversight board revises bylaws related to timeline for cases

Under the new rules, the 90-day period for the social network to take action on a case starts from when the board assigns a case to a panel.

from Tech-Economic Times https://ift.tt/3dZPIxo

From influencers to investors, content creators are coming of age in India

Just last week, creators like Tanmay Bhat and Ranveer Allahbadia (@BeerBiceps) have announced angel investments in Qoohoo and Ready Set Jet, respectively.

from Tech-Economic Times https://ift.tt/3kCT6j3