Former Bessemer investor Sunil Nagaraj was in the middle of making a presentation when he started receiving a flood of messages. “I finished my presentation, glanced at my email, and I saw a bunch of congrats emails. My heart skipped a beat – I said, ‘Oh my God, what happened?” Nagaraj told Insider. “I looked … Read more
Microsoft Corp. chief executive officer Satya Nadella has highlighted the need to “foundationally transform” how cloud technologies can drive the next level of economic growth, as the world witnesses a second wave of digital transformation. “The true test of technology has always been whether organizations can improve their time to value, increase agility, and reduce … Read more
Demand for shopping savings app Fetch Rewards skyrocketed during the pandemic. That led to an $80 million fundraising haul last November, led by Iconiq Growth. Now, the company is in talks for another round that could more than double its old valuation. Visit the Business section of Insider for more stories. When Wes Schroll went … Read more
Infra.market, a construction materials focused online marketplace that sells mostly its own brands, is the latest to join the unicorn club in the country with the latest USD 100 million funding led by Tiger Global, valuing it at USD 1 billion. The Thane-based online marketplace founded in 2016 has reached the coveted unicorn status within … Read more
David Dobrik’s hot new app Dispo just hit a $200 million valuation with a Series A funding round. The app, which launched its beta version earlier this month, raised $20 million. Dispo recreates the experience of disposable cameras, requiring users to wait for their photos. Visit the Business section of Insider for more stories. The … Read more
There are a lot of concerns about the behaviour of big tech companies including American firms and India would like to protect its policy space and express its concern regarding these entities not willing to adhere to the law of the land, commerce and industry minister Piyush Goyal said on Wednesday. He said India is … Read more
Reddit day traders tried to beat Wall Street at its own game to prove that the system is rigged. Instead, brokerages locked them out and their holdings tanked, while some hedge funds still won big. Experts said Wall Street’s reaction showed just how stacked the deck is against small investors. Visit the Business section of … Read more
Dating-app company Bumble is going public on Thursday. The company’s S-1 filing highlights its top investor and some of the risk factors Bumble faces. We read through the 247-page filing to find four key takeaways. Visit the Business section of Insider for more stories. Bumble, one of the top online-dating companies, publicly filed its IPO … Read more
Amazon-backed food delivery startup Deliveroo is anticipated to float in 2021, marking a rare high-profile British technology float. Like rival Uber Eats, Deliveroo allows consumers to order restaurant food via an app and relies on a network of gig economy cyclists and motorcyclists to make the deliveries. During the coronavirus pandemic, it has expanded into … Read more