Beauty startup Nykaa has raised Rs 2,395.84 crore in its anchor book allocation from 174 investors ahead of its initial public offering (IPO). The firm allocated 21,296,397 shares at the upper price band of Rs 1,125 per equity share, it said in an exchange filing. Some of the marquee investors include Black Rock, Fidelity, … Read more
Tiger and SoftBank have jointly invested in 37 VC rounds so far this year, up from 12 in 2020. Tiger is also one of SoftBank’s biggest shareholders, someone familiar with the matter told Insider. But the bigger reason the two are collaborating more is because founders now hold the cards. Tiger Global and SoftBank Group … Read more
PayPal Inc said it is not pursuing an acquisition of Pinterest Inc at this time, after several media reported last week that it was in talks to buy the digital pinboard site for as much as $45 billion. The latest development, which dashed the prospect of Pinterest getting access to PayPal’s massive user base, … Read more
Key points to note – Solution has been developed by Airtel’s in-house engineering team – though doesn’t seem like a big deal for a giant like Airtel. It encompasses features ranging from app development, content hosting, curation and lifecycle management to search and discovery, analytics and monetisation models (advertising, subscriptions, transactions). Raj TV and Eros … Read more
LinkedIn is the only major U.S.-owned social network operating in China. Microsoft is pulling the plug on LinkedIn in China nearly seven years after its launch and will replace it with a stripped-down version of the platform that would focus only on jobs. LinkedIn is the only major U.S.-owned social network operating in the country, … Read more
Elon Musk is already providing it. Jeff Bezos is also in line to launch it. And there are other players as well. Bharti Airtel has also thrown its hat in the ring. This means that it is a big and serious business. The ‘it’ here is satellite internet. Musk’s Starlink has already launched its satellite … Read more
Mirakl just raised a $555 million Series E led by Silver Lake. The startup builds tech tools that help retailers build third-party marketplaces. The funding round, valuing Mirakl at $3.5 billion, came a year after its $300 million Series D. The e-commerce explosion during the COVID-19 pandemic has resulted in retailers big and small rethinking … Read more
Good Glamm Group, which operates brands like POPxo and BabyChakra, on Wednesday said it has acquired The Moms Co for an undisclosed amount. With this acquisition, The Moms Co aims to grow to a Rs 500 crore revenue run rate in the next two years. The brand is also expanding to the US and Middle … Read more
Chip-maker Advanced Micro Devices, Inc. (AMD) said that the latest Windows 11 operating system may reduce the gaming performance of its Ryzen motherboard by 10 to 15% as the OS does not utilize AMD’s preferred core. AMD posted a support note on its website stating that the new Windows OS will triple the L3 cache … Read more