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Acko turns unicorn with $255 million fundraise, valuation hits $1.1 billion-thumnail

Acko turns unicorn with $255 million fundraise, valuation hits $1.1 billion

Before the $255 million worth fundraiser, Acko raised $60 million in a round of funding in September 2020. It led to the estimated valuation of $500 million. Indian digital insurance

Startup

Oct 29, 2021

Paytm parent firm to expand the public issue size to Rs 18,300 crore-thumnail

Paytm parent firm to expand the public issue size to Rs 18,300 crore

Paytm had earlier targeted the IPO size at Rs 16,600 crore, comprising the sale of Rs 8,300 crore worth new shares. Fintech giant Paytm’s parent firm One97 Communications will reportedly

Startup

Oct 28, 2021

Nykaa operator raises Rs 2,396 crore from anchor investors ahead of its IPO-thumnail

Nykaa operator raises Rs 2,396 crore from anchor investors ahead of its IPO

Nykaa operator FSN E-Commerce Ventures IPO includes fresh issue of equity shares valuing Rs 630 crore and OFS (offer for sale) of about 41,972,660 equity shares by promoter and existing

Retail

Oct 28, 2021

Reliance Jio reveals key features of JioPhone Next ahead of Diwali Launch-thumnail

Reliance Jio reveals key features of JioPhone Next ahead of Diwali Launch

The telecommunication giant claimed that the JioPhone Next will contribute significantly in offering equal opportunities and equal access to digital technology, to every Indian.  Telecommunication establishment Reliance Jio dropped curtains

Technology

Oct 27, 2021

Starlink to consider using Vodafone spectrum to expand service in UK-thumnail

Starlink to consider using Vodafone spectrum to expand service in UK

Confirming the development, a Vodafone spokesperson informed the Telegraph that in the regard of satellite spectrum, the company is in talks with “multiple operators” and that they are close to

Technology

Oct 25, 2021

Microsoft acquired Clear Software to improve connectivity with SAP, Oracle-thumnail

Microsoft acquired Clear Software to improve connectivity with SAP, Oracle

Officials revealed that Microsoft will provide details and specifics about how the company looks forward to incorporating the latest acquisition Clear Software’s technology into its line-up. Global tech giant Microsoft

Technology

Oct 25, 2021

Ola plans to hire 10,000 people for Ola Cars, eyes GMV worth $2 billion-thumnail

Ola plans to hire 10,000 people for Ola Cars, eyes GMV worth $2 billion

Ola Cars has reported the fastest growth in the vehicle buying segment. The platform sold about 5,000 pre-owned cars in its initial stages of operation. India’s leading ridesharing establishment, Ola

Automotive

Oct 22, 2021

Nykaa unveils IPO launch date, planning to raise up to Rs 5,200 crore-thumnail

Nykaa unveils IPO launch date, planning to raise up to Rs 5,200 crore

Nykaa has planned to use IPO proceeds of about Rs 200 crore to expand the brand exposure in the market for more visibility of the company’s brands. E-commerce beauty and

Retail

Oct 22, 2021

Niti Aayog Vice Chairman urges Tesla to make electric cars in India; assures tax benefits-thumnail

Niti Aayog Vice Chairman urges Tesla to make electric cars in India; assures tax benefits

In September 2021, the heavy industries ministry had also asked Tesla to first begin its manufacturing business in India prior to any tax concessions consideration. Public policy ‘think tank’ of

Automotive

Oct 22, 2021

Swiggy to introduce a 2-day paid monthly period leave policy to female delivery partners-thumnail

Swiggy to introduce a 2-day paid monthly period leave policy to female delivery partners

Bangalore-based food delivery platform has about 2 lakh delivery partners, of which a thousand are women. Food delivery platform Swiggy has come up with a new initiative to introduce a

Startup

Oct 21, 2021

IMF chief economist Gopinath to leave job, return to Harvard in January-thumnail

IMF chief economist Gopinath to leave job, return to Harvard in January

Managing Director (MD) of IMF, Kristalina Georgieva informed on October 19, 2021, that the search for the successor replacing Gopinath would begin soon. Gita Gopinath, IMF (International Monetary Fund) chief

Enterprise Service

Oct 21, 2021

Facebook planning to rename the company; will focus on metaverse-thumnail

Facebook planning to rename the company; will focus on metaverse

Zuckerberg is spearheading its focus on building next-generation technology. As one of the recent updates, the company announced Andrew Bosworth, the head of AR and VR, as Facebook’s Chief Technology

Technology

Oct 20, 2021


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