Sector: Technology
Check out the 12-slide pitch deck an ex-Google engineer used to raise $2 million for his AWS challenger M30
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
Byju’s said to be in talks to list in U.S. via a SPAC
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
Conflict of interest concern raised about Zomato’s investment into Shiprocket. Founder denies.
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
Twitter acquires Quill; experts says platform’s DMs may get major overhaul
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
India asks Starlink to obtain license for internet services
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 fines tech giants for failing to report 43 old deals
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
Zomato does an Info edge. Gets into start-up investing
Zomato along with it’s Q2 FY 22 results also announced that it has committed $275 mn across four start-ups in the last 6 months and will deploy another $1 billion over the next one to two years. Four investments of $275 mn – $100 mn for 9.3% stake in Grofers $50 mn in Curefit along … Read more