India First Tech startup conclave & awards coming to you this February.

All India Council for Robotics and Automation (AICRA) is set to organize “IndiaFirst Tech Startup Conclave & Awards’22” (IFTSC’22) on 17th – 18th February 2022, with support of “Ministry of Electronics and Information Technology”. The event is designed to focus on the spread and depth of Indian startup ecosystem in terms of technology and innovation. IFTSC’22 is a platform to bring Innovators, Investors & Buyers under one roof, which is expected to feature industry’s big names, speakers that are the best breed of innovators, venture capitalists, representatives from various government…

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Google is rolling out Chrome OS 97 update

Google has begun to roll out the stable Chrome OS 97 update. It adds a few new features to Chrome OS 97 that will enhance the user experience. It was released only a week after Google released Chrome 97 for desktops, Android, and iOS. Chrome OS 97.0.4692.77 has been released on Google’s stable channel. The update, according to 9to5Google, includes an improved version of the Gallery app. In contrast to the previous version, which only opened a dedicated client for playing music, users will now be able to play their…

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Microsoft CEO Satya Nadella joins Grows as an investor

Groww’s founder, Lalit Keshre, announced that Microsoft CEO Satya Nadella has joined the company as an investor and advisor. “Groww gets one of the best CEOs in the world as an investor and advisor. Glad to see @satyanadella joining us in our mission to make financial services accessible in India,” Keshre tweeted. Groww joined the coveted unicorn club in April of last year after raising $83 million led by Tiger Global. Within six months, the investment platform raised another $251 million in a new round of funding, bringing its valuation…

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Andreessen Horowitz raises $9 billion for investments in startups

Andreessen Horowitz raised $9 billion to invest in a diverse range of startups, completing one of the largest venture capital fundraising campaigns. According to the firm’s announcement on Friday, the money is being invested in three new funds. More than half is invested in a growth fund aimed at more mature startups. The remainder is split between a general venture fund and a biotech and health fund. The fundraising effort outperforms one completed by Sequoia Capital in 2020, which raised approximately $7 billion. Andreessen Horowitz’s total assets under management now…

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Shiprocket to acquire 75 percent stake in Wigzo Tech

Shiprocket, an ecommerce shipping company, announced on Friday that it has “committed” to acquiring a 75 percent stake in Wigzo Tech, a customer data platform (CDP). Shiprocket said in a release that the proposed strategic acquisition will allow it to expand its product stack for online retailers onboarding its platform, among other things. Wigzo Tech specialises in meeting the ever-changing needs of ecommerce and direct-to-consumer brands. Shiprocket raised $185 million in a Series E round last month, with the proceeds going toward acquisitions and business expansion, among other things. According…

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One in four Indians now uses phone pe app : Company says

PhonePe, a fintech platform, reported an annualised total payment value of $651 billion in December from a user base of 150 million monthly active users on Friday. According to a statement, the company has signed up 350 million users so far, implying that one in every four Indians now uses PhonePe. Over the last year, the registered user base has increased by 28%, from 273 million in January 2021 to 350 million in December 2021. “We are delighted to cross the 350-million registered users mark, and emerge as India’s largest…

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