The Pitch Deck Switchboard Used to Raise a $25 Million Series a

Switchboard is a video meeting startup that lets teams collaborate on other software in real time. It went viral on Product Hunt and signed up over 1,200 teams in one week with no marketing budget. They’ve just raised a $25 million Series A led by Icon Ventures to take on Zoom and Microsoft Teams. Switchboard … Read more

Investor advisory firm recommends voting against key Paytm resolutions

One 97 Communications, the parent Company of Paytm is scheduled to hold it’s AGM on August 19, 2022. Ahead of the meeting, Institutional Investor Advisory Services India (IiAS), a proxy advisory firm, has advised shareholders of One 97 to vote against some key proposed resolutions. Reappointment of Vijay Shekhar Sharma (VSS) as the MD – … Read more

Cipla to invest Rs 26 cr in digital tech co GoApptiv to raise stake to 22%

Pharma company Cipla has agreed to acquire an additional stake for nearly Rs 26 crore in digital tech company GoApptiv Private to raise its shareholding to 22.02 per cent, the company said on Monday. The investment will be made in equity shares and Compulsorily Convertible Preference Shares and is likely to be completed within 30 … Read more

Elon Musk buys Twitter for $44 billion and will privatize company

Elon Musk reached an agreement to buy Twitter for roughly $44 billion on Monday, promising a more lenient touch to policing content on the platform where he promotes his interests, attacks critics and opines on social and economic issues to more than 83 million followers. The outspoken Tesla CEO, who is also the world’s wealthiest … Read more

How Elon Musk Could Arrange The Massive $43 Billion To Buy Twitter

The purchase isn’t straightforward, but Elon Musk has several financing paths. One option is to sell his Tesla shares outright. Another is borrowing against them to stage a leveraged buyout, possibly with outside partners. Musk, 50, currently has about $3 billion in cash or other somewhat liquid assets after spending $2.6 billion buying a 9.1% … Read more

CCI orders to investigate Zomato, Swiggy over neutrality

The order comes months after the National Restaurant Association of India (NRAI) asked the Competition Commission of India (CCI) to investigate the companies for breaching platform neutrality by providing priority to the exclusive contractors. Key points to note – NRAI represents more than 5,00,000 restaurants across India. Other than complaints about platform neutrality, complaint by … Read more

Amazon reports strong 4Q results despite supply-chain snags

Amazon reported Thursday that its profits nearly doubled in the final three months of last year, even as it contended with surging costs tied to a snarled supply chain and labor shortages. The Seattle-based online behemoth also said it is raising its annual prime membership fee in the US to $139 per year from $119. … Read more