Netflix struggling to maintain long term subscribers, says new report
Quite possibly the biggest issue, which could well be behind Netflix’s loss in long term subscription base, is the steady increase in its subscription price.
a16z launches inaugural $600Mn fund, dedicated to invest in the gaming industry
The new vertical $600 million fund, which a16z has been working on for nearly a decade, will be led by Andrew Chen, Jon Lai, and James Gwertzman, general partners at a16z.
Ola to scale down Ola Foods, some cloud kitchen brands to integrate with Ola Dash
In 2015, Ola made its first venture into the food delivery business with Ola Cafe, its 20-minute food delivery service. However, it did not take off and was soon shut down.
Amazon launches Smart Commerce to digitise small stores across India
Amazon’s goals for India have been well on pace for timely completion. India has already accounted for $5 Billion in exports via Amazon, and is on pace to reach $20 billion by the year 2025.
Musk puts Twitter deal on hold until CEO Agrawal shows proof of twitter spam being <5%
Musk tweeted “20% fake/spam accounts, while 4 times what Twitter claims, could be *much* higher. My offer was based on Twitter’s SEC filings being accurate.”
Embedded credit fintech BharatX gets seeded with $4.5Mn from YC and others
Through its embedded credit platform, BharatX lets consumer convert their spends into easy EMI options, including new & innovative ways, such as ‘Pay 3’.
ApnaKlub gets $10Mn in Series A to address challenges in India’s FMCG distribution system
ApnaKlub allows anyone with a smartphone to earn supplemental income by aggregating demand and supplying FMCG goods to retail (kirana) stores in their local community.
