The All India Council for Robotics and Automation is hosting the ‘India First tech startup conclave & awards 2022’ from February 17th to 18th with the support from Department of electronics and information technology. The event will be attended by Ministers, other government representatives, as well as several industry leaders and experts, with the primary purpose of boosting the country’s entire startup ecosystem. The event aims to provide a unique platform for young innovators, entrepreneurs, industry experts, professionals, policymakers, investors, and exhibitors to exchange innovative ideas, knowledge base, and showcase…
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Senior executives leave Better.com as CEO Vishal Garg returns to his position
Better.com has been in the news. The board placed Garg on leave after his video received backlash on the internet since the viral video of CEO Vishal Garg firing over 900 employees surfaced on the Internet, . However, his hiatus was brief, and the better.com CEO returned to his post, prompting senior executives to resign. Since Garg’s return, the company has lost a number of senior executives. According to a TechCrunch report, Sarah Pierce, the executive vice president of customer experience, sales, and operations, and Emanuel Santa-Donato, the senior vice…
Read MoreHeadout bags $30 million funding to accelerate its expansion to 500 cities globally
Headout, a company that helps travellers find and book tours, activities, events, and other local experiences, has raised $30 million in Series B funding led by Glade Brook Capital, bringing its total funding to $42 million. Existing investors Nexus Venture Partners, FJ Labs, and 500 Startups, as well as a slew of startup CEOs and operators, including Swiggy CEO Sriharsha Majety, Postman CTO Ankit Sobti, and Pratilipi CEO Ranjeet Pratap Singh, took part in the round. In September of last year, the startup raised $12 million in funding led by…
Read MorePaytm Q3 results: Loss widens despite 34 percent growth in revenue
One97 Communications Ltd., the company behind Paytm, a digital payments service, reported a larger loss in the fourth quarter as it tries to recover from a disastrous initial public offering in November. The company reported a loss of Rs 780 crore in the December quarter, up from Rs 474 crore the previous quarter. According to a statement, revenue increased 34% from the previous quarter to Rs 1,460 crore. Paytm and its founder, Vijay Shekhar Sharma, have been attempting to get back on track following an IPO that raised $2.5 billion…
Read MoreBoard is yet to receive interim or final governance review report, has followed due process, says BharatPe
BharatPe said in a statement that the board has followed due process in all of its actions in the best interests of the company and that it has yet to receive an interim of the final governance review report, despite the allegations made against board members. The announcement comes after BharatPe Managing Director Ashneer Grover said in an interview with Moneycontrol that the board was pressuring him to leave the company. “We are deeply pained that the integrity of the BharatPe board or individual board members is being questioned time…
Read MoreElectriVa to set up one lakh charging points across the country
ElectiVa, a startup aiming to become India’s leading electric vehicle charging provider, plans to install one lakh charging stations across the country over the next three years. According to Sumit Dhanuka, the founder of the New Delhi-based startup, the goal is to have an ElectriVa charging point every 20 kilometres. ElectriVa recently won a contract in Delhi to install and operate 100 electric vehicle charging stations. Another 150, according to Dhanuka, are in the works. “We are going to install an electric charging point at every three km in Delhi…
Read MoreMeta loses $230 billion in value in the biggest single-day crash, following Q4 earnings
The company’s and its co-financial founder’s results for the fourth quarter of 2021 have set in motion a rather dramatic chain of events. Facebook’s shares are now 25% lower than they were before Meta released the results showing a drop in daily active users. It is now being described as the largest one-day stock market crash in history. If you’re looking for figures, Meta’s market value has dropped by more than $230 billion (roughly Rs 17 lakh crore) since its earnings call. The stock market has taken a massive hit,…
Read MoreTwitter is now offering downvote button globally
Twitter has rolled out its downvote button globally. The feature, which was previously only available to a small group of users, is now available to everyone. According to the company, this experimental feature has received positive feedback and has assisted them in determining what content users want to see on this platform. Twitter began testing downvotes with web users in 2021, and the microblogging site is now planning to make the feature available to iOS and Android users as well. Initially, Twitter displayed various downvoting options. It included both upvote…
Read MoreUS-based GupShup acquires AI-powered Voice Leader Knowlarity for an undisclosed sum
GupShup, a startup that helps businesses interact with customers through various mediums, has acquired Knowlarity Communications. According to the company, the acquisition complements Gupshup’s industry-leading Conversational Messaging suite and establishes Gupshup as a leader in voice and video communications. In 2009, Ambarish Gupta and Pallav Pandey co-founded the company. Over 6,000 customers in 65 countries use Knowlarity’s cloud telephony, contact centre automation, AI-powered voice assistants, and speech analytics solutions. The business operates in the voice-based Conversational Engagement market, which is expected to transform contact centres, IVR systems, and smart voice…
Read MoreShiprocket’s scale soars 2.2X to Rs 358 Cr in FY21, posts Rs 12 Cr profit
Zomato, Temasek, and LightRock led a $185 million funding round for Shiprocket. While the company was valued at over $930 million and narrowly missed unicorn status, it scaled quickly in FY21, with a healthy increase in profits after taxes (PAT). According to its annual filings, Shiprocket’s operating revenue increased by 122 percent to Rs 358.01 crore in FY21 from Rs 161.19 crore the previous fiscal year. Its sole source of revenue has been the sale of logistic services. Providing essentially delivery management services to its core user base of SMEs…
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