Facebook shares rose more than 4% after a US judge dismissed a case that sought to force the company to sell Instagram and WhatsApp. The share price surge pushed Facebook's market capitalisation to over $1 trillion for the first time.
In today's ETtech Morning Dispatch: Acko raises $200 million to become India's latest startup unicorn, Govt-Twitter spat set up escalate over distorted India map, Shuttl likely to shut down, and Quadria plans to invest $400-500 million in India.
The undisclosed Exotel-Ameyo merger deal will see investors representing 80% of shareholding in Ameyo exiting in cash, while CEO Sachin Bhatia and other ESOP holders in the company will get a stake in Exotel.
Airblack, an online makeup and beauty learning platform, will use the funding to accelerate the expansion of ‘Beauty Club’, launching new ‘clubs’ and investing in products, engineering and brand, founder Videt Jaiswal said.In today's ETtech Morning Dispatch: Acko raises $200 million to become India's latest startup unicorn, Govt-Twitter spat set up escalate over distorted India map, Shuttl likely to shut down, and Quadria plans to invest $400-500 million in India.
Shuttl is said to be shutting down as demand for transportation services continues to be depressed more than a year after Covid-19 forced millions to avoid non-essential travel and work from home.