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Friday, 2 July 2021

Online used cars marketplace Cars24 nears $250 million deal with DST

Used-vehicle sales are booming in India because consumers are shunning mass transit systems to avoid catching Covid-19.

from Tech-Economic Times https://ift.tt/3yg83xb

Thursday, 1 July 2021

Govt may tax overseas crypto exchanges

In today’s ETtech Morning Dispatch: Overseas cryptocurrency exchanges may face 18% GST in India, Prem Watsa-backed Digit in talks to raise funds at twice its previous valuation, and UPI breaks all records in June.

from Tech-Economic Times https://ift.tt/2Uk3qDL

Insurtech startup Digit eyes $3.5 billion valuation with new funding

Digit’s fundraising comes at a time when rival Acko is said to be in advanced talks to raise $200 million to become a unicorn, thus underscoring the heightened investor interest in India’s insurtech space.

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

Fraazo raises $15 million from Sixth Sense Ventures, others

Fraazo, a D2C brand in the fresh vegetables and fruit space, is looking to expand operations pan India, while cashing in on the unprecedented digital adoption within the fragmented fresh food market.

from Tech-Economic Times https://ift.tt/2Ts7jX1

Koo app submits its first compliance report under India IT rules

Koo is the first social media platform in India to publish the compliance report, as mandated by the India IT rules, co-founder Aprayameya Radhakrishna says.

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

IBM spinoff Kyndryl appoints Lingraju Sawkar as India president

Lingraju Sawkar, who is currently the general manager of IBM Global Technology Services for India and South Asia, is a key appointment in the building of Kyndryl’s new simplified leadership model.

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

TikTok to roll out option to create longer videos of up to three minutes

TikTok, owned by China's Bytedance Inc., will over the next few weeks introduce an option to let users on its platform create videos of up to three minutes in length. TikTok videos can be of up to 60 seconds at present.

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