In an email sent to the board, Grover said he had been ‘vilified’ and treated in the ‘ most disrespectful manner’ since the beginning of the year attacking the company’s investors.from Tech-Economic Times https://ift.tt/rzSsh1c
Read Ashneer Grover’s resignation letter sent to the BharatPe board
In an email sent to the board, Grover said he had been ‘vilified’ and treated in the ‘ most disrespectful manner’ since the beginning of the year attacking the company’s investors.from Tech-Economic Times https://ift.tt/rzSsh1c
Kuhoo gets $20 million in fresh funding from WestBridge Capital
With the fundraise, the eight-month-old startup is now looking to partner with banks and non-banking finance institutions (NBFCs) along with top colleges in India to provide credit to students.from Tech-Economic Times https://ift.tt/GtMySg6
Step up for Amazon’s Amit Agarwal; India 2nd to US in YCombinator list
Manish Tiwary, vice-president of the web retailer’s consumer business, will oversee day-to-day functions, but Agarwal will continue to head the India business.from Tech-Economic Times https://ift.tt/xjQ7UFE
TCS to unveil new operational structure with four distinct business groups
Starting in April , the IT giant will order its entire business into groups termed as – acquisition, relationship incubation, enterprise growth and business transformationfrom Tech-Economic Times https://ift.tt/wGLIjze
Enphase looks to tap 10% of rooftop market in next 2 years
Enphase sees incredible growth potential in India and has partnered with Salcomp to provide an impetus both domestically and export-wise for the country, said Sunil Thamaran, VP and MD at Enphase Energy India.from Tech-Economic Times https://ift.tt/p3Oeazm
Amazon’s Amit Agarwal elevated to head emerging markets
Manish Tiwary to run day-to-day India operationsfrom Tech-Economic Times https://ift.tt/AWDuVt5
Fintech focused investor QED will deploy $500 million in Indian startups
Some of the fund’s biggest bets are Nubank, Remitly, SoFi and Klarnafrom Tech-Economic Times https://ift.tt/GqN19WS
Ashneer Grover resigns from BharatPe, says he’s been ‘vilified’ by investors
Grover said in an email sent to the fintech’s board on March 1 at midnight that he had been ‘vilified’ and treated in the ‘most disrespectful manner’ since the beginning of the year.from Tech-Economic Times https://ift.tt/g6aEVD0
As Russia invades Ukraine, Moscow battles big tech to control the narrative
For the tech companies, the stand-off is the latest step in an ongoing confrontation with Russia where platforms risk government-imposed restrictions in the country as it seeks to censor dissidents while protecting state-run media.from Tech-Economic Times https://ift.tt/L25vVyl
D2C lifestyle brand Damensch raises $16.4 million in funding led by A91 Partners
The company makes loungewear and innerwear for men. It will use the funds to invest in technology enhancements, strengthen and diversify the product portfolio, the company said in a release.from Tech-Economic Times https://ift.tt/sUKWYr8
Indian IT firms wait and watch on Ukraine; SIAC rejects Grover’s plea
An estimated 50,000 tech workers and 200,000-odd tech freelancers in Ukraine could be affected by the crisis, according to research firm ISG.from Tech-Economic Times https://ift.tt/bLCSxqj
Startups expected to lease 29m sq ft in 2022-2024
Some of the large deals closed recently include Byju’s taking 300,000 sq ft in Bengaluru and Zomato leasing 275,000 sq ft in Gurgaon. This was followed by Spinny taking 150,000 sq ft in Gurgaon.from Tech-Economic Times https://ift.tt/25HOMeb
India is among top 10 engagement markets for Spotify
Despite the pandemic, the Swedish music streaming service has more than doubled its premium subscriber base in India in 2021from Tech-Economic Times https://ift.tt/lBiEh8f
Indian IT industry on wait-and-watch mode on Ukraine
Even though Indian IT companies do not have large operations in Ukraine, they have big centres in Eastern European countries like Hungary, Romania, Poland and the Czech Republic, where business continuity plans are being activated.from Tech-Economic Times https://ift.tt/VT26rim
Ukraine's government raises crypto worth $8 million in crowdfunding appeal
Ukraine's official Twitter account made the appeal for cryptocurrency donations on Saturday following the country's invasion by Russia, posting digital wallets addresses for tokens including bitcoin and ether.from Tech-Economic Times https://ift.tt/S2BdTaX
Google blocks Russia's RT app downloads on Ukrainian territory
The move means that new users will not be able to download the RT News app in Ukraine while current users may still be able to access it but will not get new updates pushed by RT.from Tech-Economic Times https://ift.tt/Bntvq6a
SIAC quashes Ashneer Grover’s emergency plea against BharatPe’s ‘governance review’
In an order passed on Friday, the arbitration body said Grover’s claims that the governance review was undertaken in an unfair manner held “no merit”, the people said.from Tech-Economic Times https://ift.tt/3zOBvyd
Twitter says its site is being restricted in Russia
On Friday, one day after Russia invaded Ukraine, Moscow said it was partially limiting access to Meta Platforms Inc's Facebook, accusing it of "censoring" Russian media.from Tech-Economic Times https://ift.tt/fwoaQ7D
China's Didi reverses course, will remain in Russia
On Monday, Didi said it was leaving Russia on March 4, about a year and a half after launching services there. It has been in Kazakhstan for about a year.from Tech-Economic Times https://ift.tt/PwBa4ET
BitConnect's Satish Kumbhani charged by US in $2.4 billion Ponzi scam
Kumbhani, 36, was charged in San Diego with misleading investors about BitConnect’s purported propriety technology, which falsely promised returns based on phony “volatility software” that tracked cryptocurrency exchange markets, prosecutors said.from Tech-Economic Times https://ift.tt/GdOc3zT
Russia to restrict Facebook access for 'censoring' its media
Moscow has also increased pressure on domestic media, threatening to block reports that contain what it describes as "false information" regarding its military operation in Ukraine.from Tech-Economic Times https://ift.tt/Vvh5SRn
Meta to bar Russian state media from running ads, monetizing on platform
"We also continue to apply labels to additional Russian state media," its security policy head, Nathaniel Gleicher, said on Twitter. "These changes have already begun rolling out and will continue into the weekend."from Tech-Economic Times https://ift.tt/zJopDy2
NEC seeing healthy margin mix here, says India head Aalok Kumar
As part of the company’s global mid-term market plan, NEC is betting big on India to leverage the solution development and delivery capability from the country to drive global business growth, said Kumar.from Tech-Economic Times https://ift.tt/ar2CTlh
Russia-Ukraine crisis: Fact-checkers, social media platforms combat fake info
Fact-checkers and teams from social media companies were actively monitoring and disrupting attempts to amplify false information in the Russia-Ukraine conflict.from Tech-Economic Times https://ift.tt/03jBq5J
Can bitcoin save Russia from sanctions?
: Crucially, though, Biden said the measures would not extend to cutting Russia off from the SWIFT network — a payments system used across the world — in response to European officials.from Tech-Economic Times https://ift.tt/9FUydYf
Amazon questions legality of CCI’s December order
Arguing in the National Company Law Appellate Tribunal (NCLAT), Amazon’s lawyer, Gopal Subramanian, said the antitrust agency could suspend a previously approved business proposal only if it was hurting the competitive atmosphere.from Tech-Economic Times https://ift.tt/ML27HAb
Facebook, Twitter highlight security steps for users in Ukraine
Both social media platforms are often used by political activists and researchers to disseminate information during times of crisis. The Russian invasion of Ukraine on Thursday also raised concerns about the spread of disinformation about the conflict on social media.from Tech-Economic Times https://ift.tt/dqrgIiZ
SEC probes Elon Musk, brother Kimbal over Tesla share sales
The investigation began last year after Kimbal sold shares of the electric carmaker valued at $108 million, a day before Musk polled Twitter users asking whether he should offload 10% of his stake in Tesla, according to a Wall Street Journal report.from Tech-Economic Times https://ift.tt/BKXlyYz
The new US export rules designed to freeze Russian tech
The US on Thursday restricted exports to Russia of a broad set of US-made products as well as foreign-produced goods built with US technology, following the invasion of Ukraine.from Tech-Economic Times https://ift.tt/ADzr1tC
Crypto crashes, sparks panic; Dream Capital chases cricket NFTs
The digital asset has now lost almost half its value from an all-time high of $68,990 in November, owing to geopolitical tensions and the prospect of US interest rate hikes.from Tech-Economic Times https://ift.tt/PLJNnd6
Dream Capital in talks to lead $100 million funding in NFT platform Rario
If the deal goes through, it would be one of the largest investments in the NFT sector in India and Dream Capital's maiden bet in the Web3 space.from Tech-Economic Times https://ift.tt/B4MEXhY
Spectre of ‘crypto winter’ spooks all
In the last two months, Indian crypto investors have had to deal with regulatory ambiguity and the announcement of high tax rates on crypto gains on top of rising volatility in digital assets, which dragged their investments into the red.from Tech-Economic Times https://ift.tt/O2CD6Xp
Infosys Metaverse Foundry will help establish a first-mover advantage
The company expects to see a “hockey stick-shaped growth” very soon in this area and the latest move is a means to sharpen its edge over rivals.from Tech-Economic Times https://ift.tt/Emlh7BW
Indian fashion designers join NFT bandwagon
Manish Malhotra, Raghavendra Rathore, Anamika Khanna and Pankaj & Nidhi have seen their initial drops of digital artworks selling in minutesfrom Tech-Economic Times https://ift.tt/GbVFjp0
Suresh Muthuswami elevated as chairman of TCS North America
Taking over Muthuswami’s role will be Amit Bajaj who will assume the role of president, TCS North America. Bajaj has worked with TCS for 24 years across various global roles and was most recently heading the America and UK markets.from Tech-Economic Times https://ift.tt/SvIy3iG
BharatPe sacks Jain; Myntra’s new mantra
Jain, who is the wife of BharatPe cofounder Ashneer Grover, had been in charge of finances at the company since October 2018.from Tech-Economic Times https://ift.tt/M3bast8
Live commerce, beauty among key focus areas for Myntra, says new CEO Nandita Sinha
Sinha, who was earlier vice-president of customer growth, media and engagement at Flipkart, told ET in an interview that Myntra is focussing on building and strengthening its team with a focus on fashion and technology. Her big priority is to push internal talent, she added.from Tech-Economic Times https://ift.tt/IeWoGRc
India adds 10th unicorn in 53 days
As of February 9, 2022, India had 88 unicorns with a total valuation of $295.99 billion. Out of the total, 44 unicorns with a total valuation of $94.37 billion were born in 2021.from Tech-Economic Times https://ift.tt/Yag8lo7
ASCI issues guidelines for promotion and advertisement of crypto, NFTs
The 12 point guidelines also state that such ads shall not promise or guarantee profits, compare VDA products with a regulated asset class, or depict minors in the ads.from Tech-Economic Times https://ift.tt/X9iek03
Facebook launches Reels globally, betting on 'fastest-growing' format
The company, which says video now accounts for half of the time people spend on Facebook, also announced new ways for creators to make money through the Reels feature.from Tech-Economic Times https://ift.tt/gW2oqAO
BharatPe sacks Madhuri Jain amid charges of financial fraud
Madhuri Jain has been in charge of finances at BharatPe valued at $2.8 billion since October 2018, and was also named in the preliminary investigation by Alvarez & Marsal investigation, linking her to the financial irregularities in the startup.from Tech-Economic Times https://ift.tt/nJ9GXE8
Experts flag lack of laws on govt use of citizen data
They pointed out that the current Information Technology Act, 2000 governs usage of personal data by private corporations but there is no policy to govern personal data usage by the government.from Tech-Economic Times https://ift.tt/oqCIZtR
IvyCap rakes in $214M for third fund; new investment vehicle for founders
The company will continue to focus on areas such as consumer technology, deep-tech, healthtech, fintech, SaaS and edtech.from Tech-Economic Times https://ift.tt/lWdIT9v
Silicon Valley biggies back new $45 million investment vehicle for Indian founders
AngelList India's Utsav Somani launches Galaxy to help early-stage startup founders make investments, gets backing from Naval Ravikant, Jake Zellerfrom Tech-Economic Times https://ift.tt/4NoEZpl
IvyCap Ventures raises Rs 1,608 cr in first close of third fund
IvyCap’s Rs 2,500-cr Fund III will be among the largest pools of domestic rupee capitalfrom Tech-Economic Times https://ift.tt/EsmGXfy
Good Creator Co likely to acquire video commerce startup Bulbul
Bulbul cofounder Sachin Bhatia will take over as GCC’s chief executive officerfrom Tech-Economic Times https://ift.tt/IcfFtPn
MeitY’s draft data policy looks to unlock govt data for all
The document, released on Monday by the Ministry of Electronics and IT (MeitY), has proposed an India Data Office (IDO) with the idea of streamlining and consolidating data access, and sharing of public data repositories across government and other stakeholders.from Tech-Economic Times https://ift.tt/bEM8iD4
CCI seeks more info to clear mega PayU-BillDesk deal
“CCI has not questioned the merits of the proposed transaction, but requested for additional information, as of now,” said a one person directly aware of CCI’s queries to PayU.from Tech-Economic Times https://ift.tt/RPLeq82
Creator economy platform Qyuki in talks with strategics for majority stake sale
While stake sale talks are on, another person said the company is also open to picking up capital from financial investors if the sale doesn’t go through.from Tech-Economic Times https://ift.tt/kwbujEy
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