What's New?

Wednesday, 4 August 2021

Stride Ventures marks first close of second fund at Rs 550 crore

Stride Ventures, a venture debt firm, had in May launched its Rs 1,000-crore Stride Ventures India Fund II, with a green shoe option of Rs 875 crore.

from Tech-Economic Times https://ift.tt/3AbYjF1

Thales to sell signalling business to Hitachi in $2-billion deal

The sale comes as the French firm looks to streamline its sprawling operations and reassure investors of its focus on the core business of making high-tech equipment for the defence and aerospace industries.

from Tech-Economic Times https://ift.tt/3jewe9q

Tuesday, 3 August 2021

WhatsApp rolls out View Once to compete better with Snapchat

WhatsApp's View Once will let photos and videos disappear from the chat after they have been seen. Snapchat, known for its Stories feature that lets users post updates that disappear after 24 hours, has grown in popularity during the pandemic.

from Tech-Economic Times https://ift.tt/3Ch4hGu

BharatPe valuation rises to $2.85 billion after Tiger Global-led funding

The fundraising, which pushes BharatPe into the unicorn club, gives the company capital as it takes over distressed lender PMC Bank with Centrum Financial Services to create a small finance bank.

from Tech-Economic Times https://ift.tt/3AcFr9d

Food delivery workers protest 'exploitation' on Twitter; companies deny charges

Tweets detail a list of complaints including lack of compensation as well as daily earning caps

from Tech-Economic Times https://ift.tt/3A6u3LV

Baffled investors fear nothing's off limits in China regulatory crackdown

The article was later altered to remove the historically loaded opium reference, but, together with the opening of a probe into automotive chip distributors, it roiled markets still smarting from a panic sell-down a week ago.

from Tech-Economic Times https://ift.tt/3A6zkD5

Swiggy, Zomato face backlash on Twitter

Over the past week, posts by food delivery workers complaining about poor treatment by Swiggy and Zomato have gone viral on Twitter.

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