Social commerce platform Meesho has launched a $5.5 million employee stock ownership plan (ESOP) liquidity programme for all qualifying current and past employees holding vested stock. The ESOP buyback scheme is scheduled to begin in November. According to two people familiar with the details of the liquidity strategy, Meesho employees who are currently on roll and have vested ESOPs as of November 30 would be eligible for the buyback, along with former employees. This is Meesho’s second ESOP buyback in less than a year, and its third since 2020. It…
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Business
D2C Brand generate huge operational profit
Direct to consumer (D2C) brands in the beauty and grooming segment are more likely to achieve profitability than e-commerce marketplaces. MamaEarth came close to breaking even in FY20 despite a 5.6X increase in operational revenue to Rs 110 crore, while Beardo made a profit for the first time during the same year (FY20). The financial results of Coimbatore-based Juicy Chemistry in FY21 further demonstrate that D2C businesses may develop swiftly while maintaining strong economics. According to its annual financial accounts submitted with the RoC, the company’s operational revenue increased by…
Read MoreApple 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…
Read MoreNew 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…
Read MoreWhatsApp 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…
Read MoreThis time Diwali also brings JioPhone Next to the market
Sundar Pichai has announced that the JioPhone Next will be available in India before Diwali. During Alphabet’s earnings call on Wednesday, Google CEO Larry Page revealed the launch date for the entry-level smartphone. The announcement confirms the rumor that the Jio phone will be released in the country after multiple delays. Mukesh Ambani, chairman of Reliance Industries Limited (RIL), originally unveiled JioPhone Next at the company’s annual general meeting in June. Ambani had previously stated that the phone would be released on September 10 to coincide with the Hindu festival…
Read MoreWhatsApp iPhone to Android chat migration is now not limited to Samsung phones only
Google has announced that the chat history migration from WhatsApp iPhone to android phone feature is now accessible on all Pixel phones. The feature will be available on all new Android 12-powered smartphones. Initially, it was only accessible for Samsung devices running Android 10 or higher. Announcing the new feature, Google said in a blog, “We want to make this process easier, so with the recent Android 12 release, we added the ability to transfer all your essentials by connecting your iPhone with your new Android phone using a cable….
Read MoreMicrosoft plans to launch low-cost surface laptop
Microsoft may be contemplating a head-to-head war with Chromebooks, and its ammo may include a low-cost Surface laptop running a new, possibly stripped-down version of Windows 11 called Windows 11 SE. That SE suffix could stand for Special Edition, as it does in the case of the iPhone SE. According to a new study, the new Surface laptop will be a better option to the low-cost Chromebooks on the market. According to Windows Central, the watered-down version of Surface will be called Surface Laptop SE and will be targeted at…
Read MoreMotorola to launch Moto G200 in November
Motorola is getting ready to release another high-end smartphone soon. Following the popularity of the Edge 20 series, Motorola may finally launch the Moto G200. The smartphone’s key specifications have leaked online. The next Moto G200 is believed to include a Qualcomm Snapdragon 888 processor as well as a Full HD+ display with a refresh rate of 144HZ. The company has yet to make an official announcement, but the smartphone is likely to be the successor of the Moto G100, which has been made official in China earlier this year….
Read MoreZoom rolls out auto generated captions
Popular video conferencing application Zoom has revealed the availability of auto-generated captions, often known as live transcription. During a Zoom video conversation, the auto-generated captions or live transcription tool enables automatic captioning. Previously, the feature was only available to premium Zoom Meetings and Zoom Video Webinars accounts. Zoom said that the feature has been rolled out to all users to help people with disabilities. “It’s important to us that everyone can successfully connect, communicate, and participate using Zoom. Without the proper accessibility tools, people with disabilities face tremendous barriers when…
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