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FutureTech

Online cosmetic startup Purplle raised $75 million investment

Purplle, an online cosmetics and grooming marketplace for women, has raised $75 million in a Series E round headed by private equity company Kedaara Capital. This is the Mumbai-based startup’s second investment round in 2021, following a $45 million Series D deal in March. According to industry reports, Purplle has raised the new round at a valuation of $600 million. During the last round, the startup was valued at roughly $300 million. Purplle says the new capital will be used to fund the company’s development as well as investments in…

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Krafton has announced a crossover of Battlegrounds Mobile India and Dune

Krafton has announced that Battlegrounds Mobile India would be getting the Dune treatment. When players complete objectives, they will be able to use Dune-themed rewards. Dune is the newest sci-fi film based on the eponymous novel, directed by Denis Villeneuve and starring Timothée Chalamet, Zendaya, and Jason Momoa. Its partnership with Battlegrounds Mobile India not only makes it popular in India, where it was released on October 22, but it also lets BGMI players collect new rewards. Krafton said in a video teaser that when players join the EvoGround mode,…

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Apple sets record revenue during September quarter

Apple revealed that it achieved a record quarter with $83.4 billion in revenue during the September quarter results call, a 29 percent increase year on year. In terms of the Indian market, CEO Tim Cook confirmed on the earnings call that Apple has doubled its business in India. The record-breaking quarter in India may be attributed to holiday season online sales as well as attractive deals that enticed Indian shoppers. During the Christmas discounts, the iPhone 12 was available for less than Rs 50,000, and Apple’s offer of free AirPods…

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New chrome update to fix security vulnerabilities

Google has released a new stable update for Chrome users running on Windows, Mac, and Linux. The update includes critical security patches for two zero-day security vulnerabilities. Google verified that the security flaws were being actively exploited in the wild by malicious attackers. Titled “Chrome 95.0.4638.69”, the update will be rolled out to Windows, Mac and Linux systems over the coming days or weeks. In a security note that Google has shared on the update, the tech major mentions the two crucial security fixes – CVE-2021-38000 and CVE-2021-38003. Google says…

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Facebook changes its name to Meta

Facebook CEO Mark Zuckerberg announced on Thursday that his company would now be called as Meta or Meta Platforms. The new platform combines apps and technology under a single new business name. But don’t worry, if you’re a Facebook user, nothing will change. The same may be said for Instagram and WhatsApp users. The websites and apps they use will keep their former names. Announcing the new name, Zuckerberg said, “Today we are seen as a social media company, but in our DNA we are a company that builds technology…

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Big basket opens its first offline store in Bengaluru

BigBasket finally started to sell offline. According to an internal corporate email, the online grocer established its first physical store in Bengaluru earlier this week under the brand name Fresho. The grocery startup has been using the brand ‘Fresho’ for its private label products in the online store. Surprisingly, the ‘Fresho’ brand has not always gone the discount path, frequently selling at a premium to established brands by using alternate avenues such as organic produce or premium ingredients. BigBasket co-founder VS Sudhakar told all company employees that the store in…

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Automobile spares startup Koovers raises $1.5million

Koovers, a business-to-business auto spares startup, has raised $1.5 million in a round led by Inflection Point Ventures. JPIN-VCats and Venture Catalysts are among the other investors in the round. The funds will be used to grow the company’s product line and improve its technological infrastructure, according to the company. Vinayak, Sandeep Begur, and S Prem Kumar founded Koovers in 2016 to provide automobile workshops with doorstep delivery of genuine spares from all car manufacturers at low pricing. Even with Covid, the company has over 5,000 workshops in its network…

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WhatsApp pay may require users to verify identity

WhatsApp may eventually require users who make payments over the service to verify their identities. According to an APK breakdown, the WhatsApp v2.21.22.6 beta version has new strings that hint to a verification system. Last year, WhatsApp Pay was made available to users in India. XDA developers discovered the following strings during the APK teardown: “Your identity could not be verified. “Try uploading the documents again,” and “Verify your identity to continue using WhatsApp payments.” Users of other Unified Payments Interface (UPI) apps, such as PhonePe and Google Pay, are…

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Apple now wants to save the environment

Apple has more than doubled the number of suppliers committed to using 100 percent sustainable energy over the last year. The change is intended to meet the company’s 2030 objective of being carbon neutral across its supply chain and products. Apple’s Clean Energy Program, which promotes the use of renewable energy for production and other activities, will now be followed by a total of 175 Apple suppliers worldwide. Eleven of these vendors will be from India. Cheng Uei (Foxlink), Avary, CCL Design, Flex Ltd, Hon Hai, Jabil, Lingyi Tech, Pegatron,…

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Cosmetics startup Nykaa expects to raise $500 million in its initial IPO

Indian cosmetics to fashion startup Nykaa got bids for 40 times the number of shares it expects to sell to anchor investors in its initial public offering (IPO), showing substantial interest in the sale. investment firm Blackrock Capital Group and asset manager Fidelity were among the top buyers in the $319.68 million sale of shares that FSN E-Commerce Ventures, the company that owns the Nykaa brand, offered to institutional investors. SN E-Commerce priced its IPO at Rs 1,085 to Rs 1,125 per share, valuing Nykaa at up to $7.11 billion….

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