Mumbai and San Francisco-based Fractal has raised US$360 million in funding from private equity investors TPG. The investment would be made through TPG’s Asia-focused private equity platform TPG Capital Asia. Byju’s has raised $400 million this year alone and was last funded by Bond Capital co-founded by Silicon Valley investment guru, Mary Meeker, formerly of Kleiner Perkins. Last month, online learning startup Vedantu raised $100 million from U.S.-based investor Coatue Management.
This Week In XR: Stability AI Raises $101 Million, VITURE Raises $10 Million For Wearable Hi Def Video.
Posted: Thu, 20 Oct 2022 07:00:00 GMT [source]
Google Maps can now show New Yorkers how busy individual subway cars are. The company said the new feature will let users see live crowd data on each transit car so they can sit in a less crowded space. Adding to the list of phenomenal edtech fund-raises this year, Unacademy has raised a fresh undisclosed investment from Tiger Global Management and US-based Dragoneer Investment Group. In 2016, Instagram launched its version of Snapchat “Stories,” which let users share ephemeral photo and video clips, annotated with stickers, GIFs and text. In December, the corporate acquired Vergence Labs for $15 million in money and stock, who had been the builders of Epiphany Eyewear, and cellular app Scan for $50 million, which was revealed during the Sony Pictures Entertainment hack. By mid-July 2013, a media report valued the corporate at $860 million.
A subsidiary of Animoca Brands, The Sandbox is a leading decentralized gaming virtual world. The Ethereum-https://1investing.in/ platform lets players “play, create, own, and govern a virtual world.” Players can own in-game assets in the form of non-fungible tokens , such as plots of land that they can build on. Bernstein’s Shmulik says he’s never before seen a tech deal play out like this one.
Legendary investor Julian Robertson has passed away — but leaves behind many powerful mentees.
Posted: Tue, 23 Aug 2022 07:00:00 GMT [source]
By contrast, Oracle said that ByteDance would eventually relinquish its shares. The vehicle control unit of the scooter consists of an Octa-core processor, 3GB RAM, and offers high-speed connectivity via 4G, Wi-Fi, and Bluetooth. It is powered by a multi-microphone array and has AI speech recognition algorithms built into it. The vehicle will be powered by Ola’s proprietary operating system called MoveOS. In terms of security features, Ola S1 includes an anti-theft alert system and geo-fencing. This week, Ola announced the rollout of Ola S1, a first in its range of electric two-wheelers.
The IPO was soured by weak user progress as people shifted from Snapchat Stories to Instagram Stories. Zuckerberg was the keynote speaker at the 2014 Mobile World Congress , held in Barcelona, Spain, in March 2014, which was attended by seventy five,000 delegates. Various media sources highlighted the connection between Facebook’s concentrate on mobile expertise and Zuckerberg’s speech, claiming that cellular represents the future of the corporate. Mohan rejected charges of Facebook India’s decisions being influenced by political leanings of individuals, saying the process followed at the platform is designed to ensure no one person… Many high-profile investors made the pilgrimage to a swampy, downtrodden suburb of Miami, where they became convinced Abovitz was building a kind of Apple Inc….
Connecting to WhatsApp customers in these areas will also help Facebook’s Internet.org initiative, Facebook CEO Mark Zuckerberg’s plan to implement web entry to parts of the world not but online. Alan, a French firm, has raised a new €183 million round of funding. The startup sells its own brand of health insurance and has moved into other medical products and services.
But it has hired aggressively in California this year, former facebook coatue zuckerberg poaching Kevin Mayer, a former Walt Disney Co executive, to be TikTok’s chief executive. “We look forward to welcoming Raj and the Acacia team to Cisco to offer our customers world-class coherent optical solutions to power the Internet for the future,” Robbins said in a statement on Thursday. Acacia is a component supplier and maker of high-speed optical interconnect technology for networking systems. Grover said the company has already disbursed loans to more than one lakh merchants and aims to scale this up by 8-10 times and enable credit for a million kirana store owners in 2021. “The latest tranche of debt raised will help further build the lending business and enable credit for millions of businesses, across the length and breadth of India,” Grover said. Speaking to PTI, BharatPe co-founder and CEO Ashneer Grover said Rs 90 crore in debt came from Alteria Capital, while the remaining Rs 49 crore was from ICICI Bank.
Coatue Management, meanwhile, increased its number of shares in Meta Platforms Inc by 18.2% in the first quarter, to 2,797,896. It also bought more shares in Netflix, ending March with 1,438,956 shares, or 54.5% more than in December. The S&P 500 is now down nearly 16% for the year to date, while the Russell 1000 Growth index, which is more focused on technology companies, is down nearly 25% over the same period.
New York-based investor, Insight Partners, led the Series D funding round for Postman. Other investors included Coatue Management LLC, Battery Ventures, BOND, Nexus Venture Partners, and CRV. Qualcomm Ventures, the investment arm of chipmaker Qualcomm Incorporated, has committed to invest up to ₹730 crore in Jio Platforms for 0.15 per cent stake.
Its pan-India IoT network based on narrowband IoT technology is already operational which was launched in partnership with South Korean major Samsung. Pricing of a 400-series entry-level 5G phone, he said, would start higher than a 400 series 4G product, given the host of high-end features such devices will pack, but they would drop down faster. Targeted adverts are a big revenue generator for Facebook, and it’s all due to the knowledge the company collects on its person base. Wall Street reacted positively to the information, which drove Facebook shares up 2.three% on Wednesday to close at $202. IGTV gives Facebook new actual property on which to run mobile ads, the corporate’s key revenue engine, at a time when the company is running out of area for adverts in its unique information feed. Brown stated that he had once been the chief advertising officer for the initial selfie app used to launch Snapchat, offering evidence of contacts with publications such as Cosmopolitan.
The company was founded on September sixteen, 2011, by Evan Spiegel and Bobby Murphy, simultaneously on the initial relaunch of Picaboo as Snapchat. Nineteen billion dollars for WhatsApp is a a lot bolder bet than Instagram, nevertheless it, too, may end up wanting lots smarter than most individuals suppose. In December, the company acquired Vergence Labs for $15 million in money and stock, who were the builders of Epiphany Eyewear, and cellular app Scan for $50 million, which was revealed in the course of the Sony Pictures Entertainment hack. By Suzanne BarlynNEW YORK, Sept Asian stocks were set to open higher on Wednesday after tech-fueled Wall Street gains although focus is shifting to renewed U.S.-Sino tensions,… Education startups have attracted a lot of investor attention over the last few years, and more so during the coronavirus pandemic that has forced schools, colleges and universities to shut down.
“For example, while companies like TCS, HCL Tech is focused, not all its peers are. The India market offers these companies low margin and at the same time opportunity for consulting business is very small here,” said Sanchit Vir Gogia, chief executive of Greyhound Research. Facebook’s share price gained 0.9% during the week gone by to end at $270.5. This week, Facebook will see the Australian parliament take up legislation that will force the social media giant to pay publishers and broadcasters to circulate their content on its platform. He is also an early backer of the largest internet firms including Alibaba, Facebook and Twitter. Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
On November 14, 2013, The Wall Street Journal reported that Facebook supplied to amass Snapchat for $three billion, but Spiegel declined the money provide. Tech author Om Malik then claimed on November 15, 2013, that Google had supplied $four billion, however Spiegel again declined. On December eleven, 2013, Snapchat confirmed $50 million in Series C funding from Coatue Management. The comments come amid a political storm over a report published in the Wall Street Journal last month, alleging the social media giant ignored extremist posts by ruling Bharatiya Janata…
NB-IoT is a new technology standard, designed to broaden the future of IoT connectivity, providing significantly improved and deeper network coverage for communication between machines while lowering power consumption by device. Vodafone Idea Ltd. is also preparing to launch commercial NB-IoT services in India, having rolled out commercial proofs of concept for the services in Kochi, Jaipur, Bengaluru and Chennai. TCS logs 18% growth in India business in Q3, while Wipro saw 14% rise in India state-run enterprises biz. Tata Consultancy Services and Wipro have witnessed strong growth in business from India, helped by higher spending by local clients on technology as they emerge stronger after the disruption caused by the pandemic. “The rating on HCL Tech reflects the company’s broad IT software and service offerings, high repeat business from an established clientele and global service delivery capabilities,” S&P had said in the report.