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Elon Musk

Musk says he has been accused by Twitter legal team of violating NDA

Elon Musk and Twitter. These are words that seldom come together without…

SpaceX’s Starlink service is now available in 32 countries: Report

Starlink is an ambitious move by SpaceX (and Musk), and it promises…

Elon Musk says Twitter takeover deal on hold over potentially fudged user numbers

As the northern hemisphere prepares to reel into comforts of summer, Twitter…

SoftBank hits new low, logs record loss as tech shares plummet, Vision Fund bets falter

SoftBank has failed to hit the spot on 32 out the 34 total companies on their portfolio, including major ones such as Grab and recently IPOed Paytm.

Google I/O 2022: Maps gets “Immersive View,” Auto Summary comes to Google Docs, and more

At this year’s I/O 2022, Google unveiled a slew of software upgrades, including some critical ones on Google Maps, Google Chat, Youtube, Chrome and much more.

“Informal pressure” from RBI caused trading to halt: Coinbase CEO Brian Armstrong

Despite early setback, Coinbase CEO Brian Armstrong wants to continue with the advance in Indian demographic, even if it isn’t the most profitable decision for the company.
Delhivery

Ahead of its IPO, Delhivery lands ₹2,347 crore from 64 anchor investors

75% of the Delhivery IPO issue has been reserved for qualified institutional investors, 15% has been reserved for non-institutional investors, and the remaining 10% for retail investors.
Razorpay

Razorpay’s announces $75Mn fresh secondary share sale, its biggest ESOP buyback to date, Lightspeed, Moore Ventures participate

Fintech unicorn Razorpay has announced its latest secondary share sale. And at…

Regulatory probe finds faulty battery cells and modules likely cause of e-scooter fires: Report

Govt’s initial assessment says faulty battery cells and modules were most likely behind scooters from Ola, Okinawa and others catching fire on their own. 

Meta adopts hiring freeze to cut costs as revenue growth slows

The ones who hold positions in Meta as of now reportedly do not need to be worried, as Meta has not yet announced any plans for layoffs in the near future.
Raysonho @ Open Grid Scheduler / Grid Engine, CC0, via Wikimedia Commons

Shopify to acquire logistics company Deliverr for $2.1Bn in cash & stock deal

The five-year-old Deliverr, founded by former Symphony Commerce colleagues Harish Abbott and Michael Krakaris, has raised over $490 million in capital so far.
Tesla CEO Elon Musk

Elon Musk could make Twitter public again, in a few years: WSJ report

Elon’s intentions point to the classic practice of private equity firms. They takeover companies with high potential, facing problems within, and try to clean it up before taking it back to public trading.
Amazon

Amazon targets $20Bn in exports from India by 2025

Amazon’s all encompassing investment in the Indian market stands at $6.5 billion, a lot higher than what the company had initially promised.

Insurance behemoth LIC’s IPO, India’s largest, to open today

Around 15.81 lakh LIC shares have been reserved for employees and around 2.21 crore shares are reserved for policyholders. The same get a discount of ₹45 and ₹60 respectively should they apply for the public issue.

Neobank Kaleidofin rakes in $15 Mn in Series B, Michael and Susan Dell foundation leads

Kaleidofin has an impressive reach in the Indian market, carrying a userbase of 1.2 million across 230 districts in 14 states of India.

SaaS startup Toplyne tops up with $15Mn in Series A lead by Tiger Global and Sequoia

Toplyne currently has an impressive clientele which includes names like Canva, Grafana, Gather.Town, InVideo and BrowserStack.

Google will now let you remove personal contact data from its search results

Once you have submitted the removal request, you will receive an automated email confirmation, and Google will review your request and gather more information if needed.

Quick commerce startup Zepto valued at $900Mn after a new $200Mn fundraise

The meteoric rise of quick commerce (set to reach $5.5 billion by…

James Murdoch’s Bodhi Tree to put in $600 million in Indian coaching chain ‘Allen Career Institute’

In the aftermath of rapid shift to online learning in education since…