What's New?

Monday, 4 October 2021

IPO-bound Paytm acquires lending startup CreditMate

The founders of CreditMate have sold their stake to Paytm, cofounder and chief commercial officer Aditya Singh said.

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

Insurtech startup GramCover raises $7 million in Series A funding

The insurtech startup will use the fresh capital to strengthen the technology and product offerings and also scale up the business and support functions.

from Tech-Economic Times https://ift.tt/3uKeY15

Progcap raises $30 million funding from Tiger Global, Creation Investments, others

Progcap, which has raised $55 million in total since the last three months, will use the new capital to accelerate its vision of building a broader and deeper supply chain banking platform for its merchants and corporate network in India.

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

Smartstaff raises $4.3 million from Blume Ventures, others

The blue-collar workforce management platform will use the funds for further enhancing the product and building the team.

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

Sunday, 3 October 2021

SoftBank is cutting more deals with fewer staff than ever

The total headcount at SoftBank Investment Advisers, which oversees both Vision Funds, has shrunk from about 500 people early last year, to about 400 now.

from Tech-Economic Times https://ift.tt/2Yf2gvH

Former Facebook manager alleges social network fed Capitol riot

The whistleblower, former Facebook product manager Frances Haugen, asserted that a 2018 change to the content flow in Facebook's news feeds contributed to more divisiveness and ill will in a network ostensibly created to bring people closer together.

from Tech-Economic Times https://ift.tt/3A5CIOo

Facebook ‘chooses profits over safety’, whistleblower Frances Haugen says

A former product manager at Facebook, Frances Haugen, gave thousands of internal documents to WSJ which published the findings, including that Facebook knew Instagram was worsening mental health issues among teenagers.

from Tech-Economic Times https://ift.tt/3A4CAyt