Indian digital payments firm PhonePe is seeking to raise up to $1 billion from General Atlantic, Tiger Global Management, Qatar Investment Authority and Microsoft Corp, Bloomberg News reported on Thursday, citing sources. The all-equity round is expected to close in the next two weeks and may take Walmart-backed PhonePe‘s valuation close to $13 billion, according to the report.… Continue reading Walmart-backed Indian digital payments firm PhonePe looks to raise $1bGeneral Atlantic, Tiger Global, QIA and Microsoft may invest, Bloomberg reported…
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Can We Please Stop With These Offensively Stupid “Robotaxis”?
If there’s a “safety driver” behind the wheel, it’s just a marketing shtick. Sign of the Times Oh great, now there’s another batch of “driverless” robotaxis hitting the streets. Except, unsurprisingly, there’s a human “safety driver” at the wheel who’s ready to intervene at any moment. That human, skeptics will point out, could just drive the… Continue reading Can We Please Stop With These Offensively Stupid “Robotaxis”?
Inspired by Twitter’s Struggles, Facebook Considers Making an App Where You Can Post Text. Wait a Second…
“LET’S GO FOR THEIR BREAD AND BUTTER.” All Caps In the wake of Twitter’s chaotic exchange of power, a number of social media platforms have thrown their hat in the succession ring. And among them, curiously, is, uh — checks notes — Facebook? In a team meeting last month, members of the struggling Facebook-turned-Meta organization… Continue reading Inspired by Twitter’s Struggles, Facebook Considers Making an App Where You Can Post Text. Wait a Second…
Elon Musk Installs Washing Machine at Twitter HQ So Overworked Employees Can Wash Their Filthy Rags
“It’s clear that he doesn’t really care about people.” Never Going Home Twitter’s new owner Elon Musk is hellbent on turning the company’s San Francisco’s offices into a place where he and his “hardcore” employees can live around the clock as they attempt to turn the social media site into a functioning business. Case in… Continue reading Elon Musk Installs Washing Machine at Twitter HQ So Overworked Employees Can Wash Their Filthy Rags
Cabana Raises $3M in Funding
Cabana, a Seattle, WA-based mobile hospitality company focused on offering experiences in camper vans, raised $3M in funding. The round was led by TechNexus Venture Collaborative. The company intends to use the funds to accelerate its continued growth into markets across the U.S., following expansions into San Francisco, California and Austin, Texas, announced earlier this… Continue reading Cabana Raises $3M in Funding
Paytm’s parent to consider share buyback in board meeting next weekThe Indian payments giant’s shares are trading 75% lower than its stock market debu…
India’s Paytm said on Thursday it was considering repurchasing its own shares, without specifying details, at a time when the digital payments giant’s shares are trading 75% lower than its stock market debut last year. Paytm’s parent company, One97 Communications, said its board is set to meet on Dec. 13 to consider the buyback proposal.… Continue reading Paytm’s parent to consider share buyback in board meeting next weekThe Indian payments giant’s shares are trading 75% lower than its stock market debu…
HUL to acquire 100% in OZiva, buys 19.8% stake in Wellbeing Nutrition
India’s largest consumer goods maker Hindustan Unilever (HUL) has made investments in nutrition brands Zywie Ventures (OZiva) and Wellbeing Nutrition, making its entry into the growing health and wellness market in India. In a regulatory filing, HUL said it has acquired 51% of Zywie Ventures (OZiva) for $32 million (Rs 264.28 crore) and will acquire the… Continue reading HUL to acquire 100% in OZiva, buys 19.8% stake in Wellbeing Nutrition
Renault China boss is making super-premium EVs that monitor your health
There’s an ever-growing list of wearables that track people’s health, but what about a vehicle that monitors one’s blood pressure and heart rate with smart sensors and algorithms? That’s the vision of BeyonCa, a young super-premium electric vehicle startup founded by Weiming Soh, the Singaporean auto veteran who’s the current CEO of Renault China and… Continue reading Renault China boss is making super-premium EVs that monitor your health
What’s the dumbest privacy choice you’ve made online?
/ We’ve all done something very stupid online that was related to our privacy. What was your dumbest moment? Illustration by Alex Castro / The Verge AI is in at the moment. Everyone is talking to ChatGPT like it’s an AOL chatbot circa 2001, and everyone else is happily handing their pictures over to Lensa… Continue reading What’s the dumbest privacy choice you’ve made online?
India Digest: Uniqus Consultech raises $12.5m; Uolo raises $22.5mUolo’s funding came through an equity-debt mix Series A round.
Uniqus Consultech has raised $12.5 million in a Series A fundraise, while edtech platform Uolo has raised $22.5 million in a funding round led by the UAE-headquartered Winter Capital. Nexus Venture Partners backs Uniqus Uniqus Consultech Inc, a tech-enabled global platform that offers ESG and accounting advisory services, has raised $12.5 million in a Series… Continue reading India Digest: Uniqus Consultech raises $12.5m; Uolo raises $22.5mUolo’s funding came through an equity-debt mix Series A round.