Blockchain gaming giant ‘Yat Siu’, the cofounder of Animoca Brands expects the next generation of the internet to happen sooner rather than later. Web3 will feature decentralization, faster processing, and a more secure browsing experience. Within the next 18 months, there will be a wave of open metaverse participators. This is because within that time […]
The new and latest edtech company to enter the Indian unicorn club is PhysicsWallah, who raised $100 million in Series A funding from Westbridge and GSV Ventures. Their startup has a valuation of 1.1 billion dollars. PhysicsWallah is the first ed tech company to reach a valuation of over $1 billion. Overall, 101 companies in […]
Coralogix, a company using streaming analytics to rebuild the path to observability, today announced it has raised a $142 million Series D funding round, bringing the company’s total amount raised to $238 million. A significant portion of the proceeds from the round will be used for the company’s expansion plans, especially its India and APAC go-to-market teams. Additionally […]
The San Francisco, California-based ecommerce success story Deliverr has announced its acquisition by Shopify for $2.1B, a sum that includes both money and inventory. This is the biggest acquisition in Shopify’s history, and it will help it create a complete logistics platform that allows companies to quickly ship products to consumers. Shopify The recent news […]
Tech giant Meta is making its first investment in Asia in a startup called Ami. Using WhatsApp as its platform, Ami is using the power of mental health to help people across Asia. Meta owns WhatsApp and has invested in several startups with similar philosophies. The three investment companies include Ami, thoughtful, Intellect, and Wysa. […]
As per Bloomberg, Shein may reach a $100 billion valuation with funding from General Atlantic. Despite no physical stores, Shein pumps over 6,000 new items daily. However, if they successfully receive the funding, its value will double that of the Uniqlo owner. Additionally, Shein shows no signs or plans for an IPO. Shein’s $100 billion […]
India aims to raise its gaming footprint, says PM Narendra Modi, urging industry leaders from science sectors to increase investment. While addressing the post-budget webinar, Prime Minister Narendra Modi encouraged investment in sunrise sectors outlined in the budget. Furthermore, while he called upon industry leaders to invest in geo-spatial technology, AI, genomics, and drones, he […]
In February, a 1% increase in household spending means the increase was for 54% of families across urban and rural India. According to findings released on Tuesday of a monthly CSI survey by Axis My India, fewer families increased spending on discretionary items in February. Pocket-sized increase in overall household spending A pocket-sized consumption increased […]
A new equity fund for start-ups set up by the govt would provide additional capital support to entrepreneurs. The govt would also be a 20% limited partner in the equity fund. Furthermore, Minister of State of Electronics and IT Rajeev Chandrasekhar said private fund managers would manage the corpus. Govt creates equity fund for start-ups […]
Fractal becomes the second unicorn after TPG invests $360 million in the company. Fractal and TPG have signed a definitive investment agreement. The Fractal investment has raised its value to $1 billion, making it the second unicorn. How did Fractal become the second unicorn after the TPG investment? In 2007 Fractal faced a significant setback […]
