“We didn’t see a healthy, sustainable future ahead of Crucible,” the company said in a blog post on Friday. The team working on the project will be moved to other upcoming games and customers will get refunds, it added. Crucible was seen as a key test for Amazon’s games division, which was formed in 2012. … Read more
Paytm has taken the challenge to Google’s Play Store by launching its Android Mini App Store, through which it seeks to help developers take their applications to the masses. This is the start-up’s latest move to break Google’s monopoly over distribution of Android applications. Paytm is providing listing and distribution of these mini apps from … Read more
E-commerce major Amazon India on Sunday said it has enabled over one lakh local shops, kiranas and neighbourhood stores across the country through its various initiatives to facilitate delivery of packages this festive season. More than 20,000 offline retailers, kiranas and local shops from ‘Local Shops on Amazon’ programme will participate in ‘Great Indian Festival’ … Read more
The Seattle-based company says the service is highly secure, and uses algorithms and hardware to create a person’s unique palm signature. (Subscribe to our Today’s Cache newsletter for a quick snapshot of top 5 tech stories. Click here to subscribe for free.) Amazon has introduced a new biometric system that will allow people to use … Read more
Remote fundraising has become common for startups as the coronavirus pandemic continues to restrict the ability to travel and take meetings in person. Usually, founders and executives pitch prospective investors for funding at swanky city offices before an investment committee makes a decision. Subsequently, there is a lengthy due diligence process, technical and market questions, … Read more
Online education startup Byju’s on Tuesday said BlackRock, Sands Capital and Alkeon Capital have joined as new investors, as part of the ongoing $500-million fundraising round. Earlier this month, Byju’s raised funds from a group of investors, including private equity firm Silver Lake Partners along with existing investors General Atlantic, Owl Ventures and Tiger Global … Read more
Choosing Singapore as its regional headquarter for the market, this news comes just months after the venture capital firm announced raising over $4 billion across four different global funds to support early and growth stage startups. Lightspeed said that it is deploying capital in the Southeast Asian market, from these global funds. In India, Lightspeed … Read more
Become a technology led facilitator and not a traditional lender
Mark Zuckerberg has a net worth of $107 billion, but one of the lowest salaries at Facebook. Not including security and plane costs, the company he founded only pays him $1 a year in base salary. Meanwhile, many of Facebook’s other employees — from software engineers to product managers, copywriters, and lawyers — can expect … Read more