Welcome to the world of facts and news

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 Zeller

from 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 capital

from 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 officer

from Tech-Economic Times https://ift.tt/IcfFtPn

Yellow.ai deploys 30% of global generative AI bots domestically

While markets like the US are mostly using GenAI for customer support in a bid to cut costs, India Inc. is using them as an opportunity to g...