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
OMC Group Sdn Bhd “(“OMC Group”) is offering a fun way to learn about blockchain through a game of collecting unique tradable digital tokens with the launch of Omni Pets today. Omni Pets are digital tokens created using the ERC-721 open standard based on the Ethereum protocol and are non-fungible, that is, these tokens are all unique … Read more
Amazon CEO Jeff Bezos wrote in his statement to the antitrust House committee last week that Shopify is a new competitor. Shopify CEO Tobi Lutke, however, said Amazon is not a “direct competitor” during the company’s earnings call last week. E-commerce experts say they’re “indirect” competitors that effectively play in the same field. Visit Business … Read more
Online education platform Byju’s has acquired Mumbai-based education technology (edtech) start-up WhiteHat Jr in an all-cash deal worth $300 million. The acquisition marks Byju’s entry into the fast-growing computer code training segment targeted at high school and college students. This is BYJU’s fifth acquisition and is also its largest acquisition to date. It had last … Read more
Leading primary investment news and data platform China Money Network (www.ChinaMoneyNetwork.com) today unveiled its sister service Caishen.Co (www.Caishen.Co) to provide critical information about China’s secondary investment markets. Caishen.Co monitors real-time data for over 4600 companies listed on the Shanghai Stock Exchange and the Shenzhen Stock Exchange. The platform then organizes more than 32000 monthly market … Read more
US officials have said TikTok under its Chinese parent poses a national risk because of the personal data it handles. Trump said on Friday he was planning to ban TikTok in the United States after dismissing the idea of a sale to Microsoft. But following a discussion between Trump and Microsoft CEO Satya Nadella, the … Read more
Softbank-backed Grofers has advanced its plan to launch an initial public offer by the end of next year after its profitability path zoomed during the lockdown period, a top official of the company said. Grofers co-founder and CEO Albinder Dhindsa told PTI that the company started making operational profit in January and expects to become … Read more
The ongoing covid-19 crisis has deeply impacted the Indian startup ecosystem with close to 12% startups stating shutdowns, according to a survey jointly conducted by Federation of Indian Chambers of Commerce and Industry (FICCI) and Indian Angel Network (IAN). The nationwide survey on the ‘Impact of covid-19 on Indian start-ups’, conducted across 250 startups, said … Read more
This one, termed #ZoomGloom #WebinarComa and #DeathByWebinar on social media, is causing fatigue, discomfort in the eye and neck, and a general sense of irritability. It is the result of taking part in unending video conferences. Over the last three months, as Corporate India went into a lockdown and slowly unlocked in bits and pieces, … Read more