FutureTech

Indian microblogging platform Koo plans to introduce ‘WhatsApp Group like experiences’ on the platform for users with common interests this year, in addition to introducing live videos and other new product features According to CEO Aprameya Radhakrishna. The social media company is also looking for people from various backgrounds, such as former bureaucrats, journalists, and other personalities, to form an advisory board to “handle” a few situations involving hate speech or free speech that may arise each year, he said. “2021 was a very exciting year for us right from…

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…

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…

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…

Fitelo, a fitness technology app, hopes to increase its revenue to Rs 250 crore in three years as consumers increasingly use technology for their health and wellness needs. The platform has grown exponentially in the last two years, serving 15,000 clients with a team of 65 people. Fitelo claims that its content reaches five million people monthly and that it aims to become the world’s largest weight loss app this year. “In the next five years, we envision Fitelo to be the one-stop solution for people planning to embrace the…