The Latest

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.
Coinbase seeks India return after regulatory hurdles

“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 profits after previous year's loss

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.
CoinDCX hacked; user funds safe.

CoinDCX launches CoinDCX ventures, commits to Web3.0 ecosystem growth in India

India’s largest cryptocurrency exchange platform CoinDCX, in a display of confidence in…
StableCoins as an imaginary real coin

Cryptocurrency exchange KuCoin raises $150Mn, now valued at $10 Billion

Cryptocurrency exchange platform KuCoin has raked in $150 Million in a fresh pre-series B fundraise. KuCoin, a fourth year startup, is now valued at a towering $10Bn.
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…
Meta adds passkeys to Facebook

Facebook to discontinue Nearby Friends, Weather Alerts, and other location-based features soon

In 2014, Facebook had rolled out a Nearby Friends feature that notified…
Google breached by ShinyHunters via vishing

Here’s what to expect in Google I/O 2022

As has been the norm post pandemic, this year’s Google I/O will be taking place online too, and you can watch the live-stream on YouTube. It is free for all to attend.
Instagram suffers outage

Instagram to soon support NFTs from Ethereum, Polygon and others: Report

In contrast to Twitter, who adopted the approach of charging users a small fee to show off their bored apes wearing Supreme jackets and Cartier chokers, Instagram will not be charging money to use NFTs.
Crypto hits $4T market cap

Mirroring stock market bear run, crypto prices slump as bitcoin slips below $34000 over the weekend

Apart from Bitcoin, other popular coins such as Polkadot, Cardano, Uniswap, Terra, XRP, Avalanche, Polygon, and Stellar experienced a fall in prices as well. Solana is another to clock a steep fall as it fell 13% on the week and almost 60% year to date.
Ola Electric cuts jobs amid financial struggles

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.
Fortnite

Microsoft enters into “Epic” partnership that will bring Fortnite as first F2P game in Xbox Cloud Gaming

Excited to get your hands on Fortnite once again? All you need is a Microsoft account and one of the devices mentioned above, no installation or prior memberships are needed.
xAI raises debt to challenge AI giants

a16z joins Sequoia, Binance, Oracle’s Elison and others in backing Elon Musk’s $44Bn Twitter Bid

Interestingly, despite rumours and ‘internal sources’, no PE firm has come up to back any portion of Elon Musk’s bid, at least as per the latest amended 13D filing.
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.

Crypto Investment platform Koinbasket raises $2Mn in pre-seed round

Koinbasket maintains integration with multiple exchanges across the globe in order to provide its current userbase of 15 million, comprehensive data to select a set of cryptocurrencies out of the thousands available in the market.

FREED lands $2.8Mn from Inflection Point & others to help consumers eliminate large, unsecured debts

With the growth in retail credit, mounting NPAs and low recovery rates on late-stage delinquencies, FREED is attempting to solve a $15 billion NPA problem.

Zuckerberg teases new smart-glasses project with EssilorLuxottica

Mark Zuckerberg said that he was in Milan to discuss plans for new smart glasses with EssilorLuxottica, with which Meta had teamed up last September.
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.