Serving a notice period can be difficult for many employees for obvious reasons, but one startup is taking a different approach than its peers in the industry. At a time when many companies’ notice periods can last up to three months, Kartik Mandaville, CEO of blockchain-based HR startup Springworks, has tried to change that by announcing that his company’s notice period will be reduced to just two weeks. In a statement issued on December 23, Kartik Mandaville stated that Springworks will reduce the notice period to two weeks effective immediately….
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The Gourmet Jar raises $150,000 in funding round
Apeksha Gourmet Jar Private Ltd, the parent company of The Gourmet Jar, a Noida-based company that produces artisanal spreads, dips, preserves, and sauces, has raised $150,000 in a round led by DevX Venture Fund, the investment arm of DevX Co-working & Accelerator. Existing investors also participated in the round, according to the company. The Gourmet Jar was founded in 2012 and operates a 14,000-square-foot manufacturing facility in Noida with an all-female production team. DevX co-founder Umesh Uttamchandani stated, “Our investment approach largely revolves around having a strong founding team since…
Read MoreThis edtech startup making students future ready
Students graduating from educational institutes are finding it difficult to find a job due to the changing dynamics of job requirements in a highly competitive market. While there is a shortage of industry-ready skills and a mismatch in supply and demand, students from Tier II, III, and IV cities are also having difficulty engaging with English-language online learning content on Massive Open Online Courses (MOOCs) and other platforms, resulting in poor learning and career outcomes. This is where NxtWave comes into play. The Hyderabad-based startup, founded in September 2020 by…
Read MoreWhatsapp adding a new feature to give admins more control over groups
WhatsApp, the Meta-owned short messaging platform used by over 2 billion people around the world, is constantly updating and adding new features. The WhatsApp Messenger beta for iOS has received a new update, version 2.22.1.1. This new update includes hidden references to creating Communities in order to prepare for a future update. WhatsApp was developing a feature called Communities. This feature extends WhatsApp’s group feature, in which group admins have more control over other WhatsApp groups. A WhatsApp Community admin is said to have more power than a group admin….
Read MoreCES 2022 will go on as per the schedule
Google, Microsoft, and other major technology companies have withdrawn from the CES 2022. The association, on the other hand, is unfazed by the absence of major attendees; the team as a whole has no plans to cancel the event or host it virtually. Previously, tech companies such as Twitter, Amazon, and Pinterest had withdrawn from the event due to Omicron concerns. “After reviewing the latest data on the rapidly evolving COVID environment, Microsoft has decided not to participate in-person at CES 2022,” a company spokesperson told the Verge. The company…
Read MoreSwiggy to lead a funding round worth $2 Mn in rapido
Swiggy is not known for making large strategic bets, but that is about to change as the SoftBank-backed company prepares to invest in Rapido, a bike taxi company. Swiggy and Rapido have been in talks for a potential deal for several months, according to three people familiar with the details of the transaction. “The terms of the deal have been finalised wherein Swiggy would lead a $200 million round in Rapido. It’s likely to invest around $100 million whereas the remaining $100 million would come from new and existing investors,”…
Read MoreGoldman Sachs arm bullish on Indian financial tech startups
With the Indian startup ecosystem rapidly expanding, a division of Wall Street investment bank Goldman Sachs announced on April 12 that it is bullish on the space and will be looking to invest up to USD 10 million in domestic financial technology companies. Goldman Sachs Principal Strategic Investments (GSPSI), which invests from the bank’s balance sheet, has two “legacy investments” in India, including the NSE and NCDEX, according to its head Alokik Advani. While GSPSI continues to manage these investments, the arm is excited about new opportunities and is looking…
Read MoreMamaearth acquires content platform Mompresso
Honasa Consumer, the parent company of direct-to-consumer (D2C) brand Mamaearth, announced the acquisition of Momspresso and its associated influencer engagement platform Momspresso MyMoney for an undisclosed sum. This follows a wave of consolidation in the broader D2C segment, spearheaded by The Good Glamm group, which has acquired a slew of smaller brands in the last year. We previously reported that the Good Glamm Group, which owns the MyGlamm brand, had acquired celebrity and influencer talent management network MissMalini Entertainment in a cash and stock deal. This was the group’s fifth…
Read MoreDoT directs telcos to keep data and call records at least for two years
The Department of Telecom (DoT) has requested that telecom companies and internet service providers (ISPs) keep commercial and call detail records for at least two years, citing security concerns. According to reports, the amendment to the Unified License Agreement was made in response to requests from security agencies. Previously, subscribers’ call data and internet usage records were archived for one year. The licence amendments were issued on December 21 and were extended to other types of telecom permits on December 22. “The licensee shall maintain all commercial records/call detail record/exchange…
Read MoreSpider-Man: No Way Home pirated copies are infected with crypto-mining malware
Spider-Man: No Way Home has been a worldwide box office success, bringing back fond memories of many people’s favourite childhood superhero. Those who obtain pirated copies of the latest Marvel film, on the other hand, receive more than just memories. Researchers have warned that the pirated copies contain cryptocurrency mining malware. According to Reason Cybersecurity researchers, downloading a pirated copy of Spider-Man: No Way Home from a torrent website can invite mining malware. According to the researchers, many pirated copies of the film that are being shared on the internet…
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