Marc Andreessen is among the biggest defenders of the prospects of Web3. Web3 is proving to be the most divisive idea in the tech sector in years. Proponents see it democratizing the internet, while critics view it as a VC plaything. Investors say there are challenges to overcome, but the adoption of Web3 could be … Read more
TCS has informed that it would be considering buyback of it’s shares on January 12, 2021 along with the 3rd quarter results. Key points to note – Other than the general intimation that the board will consider buyback on January 12th, the Company has not provided any further details. This is the 4th buyback that … Read more
Micro Services aims to take on AWS. M30. The firm has launched M30, a cloud computing platform designed to challenge Amazon’s dominance. Insider got an exclusive look at the pitch deck Micro used to bring investors on board. Micro Services, a cloud computing firm founded by an ex-Googler, has raised $2 million in seed funding … Read more
Tiger Global-backed Byju’s is in talks for a U.S. listing through a deal with veteran dealmaker Michael Klein’s blank-check firm that could value the Indian edtech firm at $48 billion, a source told Reuters on Thursday. Byju’s, which offers online education and caters to all age groups, has benefited from a boom in online education … Read more
Zomato recently had invested $75 mn into Shiprocket as a part of it’s start-up investing strategy. T V Mohandad Pai (ex Infosys CFO) in a tweet raised concern that whether there is a conflict of interest in this investment by Zomato as Deependier Goyal (Founder CEO) had previously invested into Shiprocket in his personal capacity. … Read more
Social media giant Twitter has acquired Quill that experts suggest might let Twitter DMs better compete with other messaging apps. As per GSM Arena, this new acquisition might result in Twitter offering more robust messaging features. For the unversed, Quill is a messaging app for collaboration and communication with teams, one that competed with other … Read more
The government has asked Starlink Internet Services of Elon Musk‘s SpaceX aerospace company to comply with the country’s regulatory framework before offering its satellite-based internet services. A Communications Ministry statement late Friday said that because Starlink is not the holder of a license, the public is advised not to subscribe to Starlink services that are … Read more
China’s market regulator on Saturday said it was fining companies including Alibaba, Baidu and JD.com for failing to declare 43 deals that date as far back as 2012 to authorities, saying that they violated anti-monopoly legislation. Enterprises involved in the cases would be fined 500,000 yuan ($78,000) each, it said, the maximum under China’s 2008 … Read more