Thursday, 12 August 2021

Dailyhunt parent gets $450 million in new funds as valuation doubles

The round, which is largely a primary fundraise, includes a small portion of secondary share sale where some early investors have partially cashed out, sources said.

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

ETtech Exclusive: Eruditus raises $650 million as valuation jumps four-fold to $3.2 billion

Eruditus' funding — which is a mix of primary capital infusion and secondary stake sale by existing shareholders — was led by US-based venture capital firm Accel and Japan's SoftBank Vision Fund II.

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

Pet care brand Heads Up For Tails gets $37 million in Series A funding

Heads Up For Tails will use the funding from Verlinvest, Sequoia India and others to increase its distribution footprint across India and accelerate new product development and manufacturing.

from Tech-Economic Times https://ift.tt/2VJ5Tbq

Wednesday, 11 August 2021

China tech crackdown thwarts Pony.ai's US listing plans

The decision makes Pony.ai one of the biggest companies to suspend its US listing plans after China barred ride-sharing giant Didi Global Inc. from signing up new users just days after its blockbuster IPO.

from Tech-Economic Times https://ift.tt/2U8FQtI

DoorDash is said to have held talks to buy Instacart for $40-50 billion

Instacart, which plans to list in the next few months, initiated the deal talks with DoorDash. Instacart had also separately initiated talks with Uber Eats about a sales partnership, like Uber's partnership with GoPuff.

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

US lawmakers introduce bill to rein in Apple, Google app stores

Democratic Senators Richard Blumenthal and Amy Klobuchar teamed up with Republican Senator Marsha Blackburn to sponsor the bill, which would bar Apple and Google app stores from requiring app providers to use their payment systems.

from Tech-Economic Times https://ift.tt/3fSd1t5

Accenture faces ransomware attack, affected systems restored

A hacker group reportedly attacked Accenture using LockBit Ransomware and threatened to release the data. Accenture says it restored affected systems from backup, and that there was no impact on operations or clients' systems.

from Tech-Economic Times https://ift.tt/2VO5UL3

HPBOSE 10th Result 2022 LIVE Updates: Himachal Board HP 10th result today at 11, check details here

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