Bharat vs. Tiktok; Apple's covid stand is
How to be the ‘hottest’ startup deal in the town
#Idea of the day
How to be the ‘hottest’ startup deal in the town
One of my mentors raised over $500 million and went public. He taught me one remarkable fundraising tactic: He wouldn’t accept term sheets. He only SENT term sheets TO VCs with a hard deadline. I raised over $100 million using the same technique.
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Apple: Will test unvaccinated corporate staff each time they enter office
Vaccinated staff will be required to take rapid tests once per week.
Apple is asking employees to report their vaccination status by October 24, which is a delay compared to its previous deadline of September. The new requirements will all go into effect on November 1.
‘Bharat’ users bring Indian short video apps closer to TikTok’s base
At present, Indian short form video platforms are attracting close to 170 million to 190 million unique users from beyond top 50 Indian cities every month, zooming past e-commerce platforms like Flipkart, Amazon, and leaving behind established social media giants such as Instagram, Facebook and YouTube.
Renaming of Facebook will not deter lawmaker, regulatory scrutiny
Renaming Facebook Inc is unlikely to enable the tech giant to distance itself from regulatory and public scrutiny around the potential harms caused by its social media apps, marketing and branding experts told Reuters.
Twitter acquires group chat app Sphere
A Twitter spokesperson confirmed the Sphere acquisition news to TechCrunch.
Tesla switching to LFP batteries in all standard-range cars
Tesla is changing the battery cell chemistry that it uses in its standard range vehicles, the automaker said Wednesday in its third-quarter investor deck.
Rolls-Royce keen to partner Indian Navy for developing electric warships
Aero engines, power and propulsion systems major Rolls-Royce on Wednesday said it is keen to partner with Indian Navy for development of electric warships for its ‘Fleet of the Future’.
Facebook fined $70 million in UK over Giphy merger breach
The U.K.’s competition regulator fined Facebook Inc. 50.5 million British pounds, equivalent to $69.6 million, alleging it breached reporting requirements during a continuing review of its proposed takeover of Giphy, a provider of animated images for use in social media.
Cred enters wallets via HipBar purchase
A Cred spokesperson confirmed that the company is close to acquiring an existing PPI service provider without naming the startup.
Pepperfry plans to file for IPO by next June
Furniture marketplace Pepperfry is planning to file for an initial public offering in the first half of 2022, and raise a pre-listing funding round by the year-end, said a top company executive.
RBI imposes Rs 1 crore fine on Paytm Payments Bank
RBI said the information submitted by Paytm payments bank for the issue of final Certificate of Authorisation did not reflect the factual position.
NPCI launches tokenisation of RuPay cards
In order to boost security of card details saved online, the National Payments Corporation of India on Wednesday announced the tokenisation system for RuPay cards as an alternative to storing card details with merchants.
AI can see through you: CEOs’ language under machine microscope
NLP is a branch of AI where machine learning is let loose on language to make sense of it, and then turn it into quantifiable signals that quant funds factor into trading.
This Motilal Oswal-backed startup is planning to issue a million credit-based cards in the next 150 days
It only took 60 days for the digital lending startup KreditBee to issue 100,000 credit-based payments cards.
Microsoft launches programme to help Indian startups deploy AI at scale
Access to the right AI resources, partnerships, and guidance to deploy AI at scale, Microsoft has launched a new startup programme called AIInnovate.
Facebook Partners With Coinbase to Launch Its Cryptocurrency Wallet Novi
According to an official statement from David Marcus, Head of Novi, Facebook is launching a pilot of Novi available to a small group of people intending to test the robustness of its service.
Startups’ salary expenses jump 43% in April-Sept amid hiring spree
Ballooning salaries and team expansions over the last six months has led to a 43 percent spike in salary spends of startups in India with companies hiring aggressively amid a tech boom, according to RazorpayX Payroll data.
Ola restructures organisation to strengthen mobility biz
Ride hailing platform Ola has restructured the organisation and expanded roles for some of its top leaders as part of efforts to strengthen its mobility business and capture new opportunities.