Meta-owned WhatsApp has put out a detailed FAQ on its upcoming username feature, addressing concerns around impersonation, scams and unwanted contact as users begin reserving usernames. The FAQ comes days after the Centre issued a notice to Meta, flagging fraud and impersonation risks and asking the company to hold off on the rollout until consultations … Read more
Meta Platforms Inc. has named fintech entrepreneur Kunal Shah as the new global head of WhatsApp, pulling off an unusual executive crossover as part of a $900 million investment in his financial services startup Cred. Shah, who has previously founded and sold FreeCharge and backed a range of Indian startups, will replace Will Cathcart, who … Read more
US-based global investment giant, General Atlantic, has valued the popular social media platform, TikTok’s parent company, Bytedance, at $550 billion as the company is now looking to sell equity stake owned in the Chinese firm, reported the news agency Reuters, citing people aware of the development. General Atlantic’s stake sale of ByteDance marks the first … Read more
When Saahil Goel says, “We renamed ourselves to Shiprocket,” he is not talking about a cosmetic rebrand. He is referring to a moment when a 14-year-old company finally recognised what it truly was and what it was meant to build. “I think for the first time, the whole company felt it,” he says. For the … Read more
Deepinder Goyal, the founder and Group CEO of Eternal, which runs Zomato and Blinkit, in a letter to the shareholders announced that he is stepping away from the top executive role and handing over the reigns to Albinder Dhindsa. Goyal will move to the position of Vice Chairman He said the decision is driven by … Read more
Zomato CEO Deepinder Goyal shared a fact sheet detailing the average income of the company’s delivery partners, among other details, following a recent exchange with popular YouTuber Dhruv Rathee on X (formerly Twitter). The move came after Rathee questioned the company’s pay practices and called for transparency around gig workers’ earnings, prompting Goyal to publicly … Read more
In a stock exchange filing, Cartrade has informed about the above. According to media reports, the proposed deal could value CarDekho’s automotive classifieds business at around $1.2 billion This is significant vis-a-vis Cartrade’s own size; its mcap currently is around 1.7 bn $. If the deal goes through, it would add significant debt on the … Read more
In a surprise announcement, company has announced exit from it’s main business – the airport lounge access. That’s the business the Company was built upon, was known for and had got most of it’s fan following. (check my Company notes for details) There were speculations that this would eventually happen as the largest airport operator … Read more
As is typical of many new age startups, one more notice for violations. The Enforcement Directorate (ED) has issued a show-cause notice to the parent company and two subsidiary companies of Paytm for allegedly violating provisions of the Foreign Exchange Management Act (FEMA). Notice is to the parent One 97 Communication limited (OCL), it’s managing … Read more