New way to ride the tech boom

Naples Global LLC, a hedge fund based in the United States, has partnered with LegalPay, an Indian third-party lawsuit funding startup, to create a fund to assist local entrepreneurs involved in disputes with their investors, including private equity firms. They’ve agreed to form a special purpose vehicle (SPV) to assist cash-strapped founders in resolving issues with their investors through litigation, arbitration, and other means. “Since most founders are first-generation entrepreneurs, they lack the financial muscle to assert their legal rights,” said LegalPay CEO Kundan Shahi. “The idea behind this product is…

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Ecom Express plans to convert 50% of its vehicle fleet to electric by 2025

Ecom Express, a tech-driven logistics company, wants to convert half of its fleet to electric by 2025. The business stated in a statement that it will deploy electric bikes in Jaipur and Hyderabad to complement its push into electric vehicles. Ecom Express has been operating an electric 3-wheeler fleet in the Delhi NCR for the past two years in the first-mile delivery sector, as well as successfully completing trials for the usage of e-bikes in the last-mile, according to the company. The company claims that the use of electric cars…

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Microsoft Edge has almost replaced Apple’s Safari

The race for the world’s best web browsers is heating up, with OEMs focusing on equipping their hardware with their own software solutions. This is evident from Microsoft’s push for its now-improved Edge browser to be installed on all Windows PCs. The effort appears to be paying off, as Edge is on track to overtake Apple’s Safari browser for the number two spot on the list of the world’s most popular web browsers on desktops. StatCounter, a web analytics service, has released new data that reflects the growth. According to…

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Norwest to lead $10 Mn round in edtech startup Udayy

Edtech startup Udayy is in advanced talks to close an investment round from new and existing investors. A year ago, the Gurugram-based startup received a $2.5 million seed round. “Norwest Venture Partners is leading a $10 million round in Udayy while existing backers are likely to participate,” said one of the sources. The person requested anonymity adding that the deal will be completed in a few weeks. Falcon Edge’s Alpha Wave, Info Edge, Better Capital, and CRED founder Kunal Shah are among Udayy’s current investors. Udayy, a two-year-old live learning…

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Gupshup acquires Knowlarity Communications for undisclosed amount

Gupshup, a conversational messaging platform, announced the acquisition of Knowlarity Communications for an undisclosed sum on Wednesday. Knowlarity is a cloud communications company that offers services such as cloud telephony, contact centre automation, AI-powered voice assistants, and speech analytics. The acquisition will help Gupshup establish itself as a strong player in the voice and video communications segment, as Knowlarity has over 6,000 customers in 65 countries. appinstlBnr “As business-to-consumer engagement becomes conversational, Gupshup is busy enabling more ways for businesses to deliver rich experiences. With the addition of Knowlarity’s products,…

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Major State To Represent Their Startup Program Rollout Strategy At Indiafirs Tech Startup Conclave

Startup India is an initiative of the Government of India. The campaign was first announced by Indian Prime Minister, Narendra Modi during his speech on 15 August 2015. The action plan of this initiative is focussing on three areas: Simplification and Handholding. Funding Support and Incentives. Industry-Academia Partnership and Incubation. All India Council for Robotics and Automation( AICRA)  is organizing  “IndiaFirst Tech-Startup Conclave & Awards 2022 – New Delhi Chapter”  which is supported by the Ministry of Electronics and Information Technology, Ministry of Industry & Commerce, and Invest India at…

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Flying taxi startup ePlane looks to initiate certification with $5 million fundraise

  The ePlane Co, which is developing electric planes for intracity commute and cargo transportation, plans to take its technology to global markets such as the United States and Western Europe, according to the startup’s founders after announcing a $5 million pre-series A funding round. “The aspiration is to push these (vehicles) to as many global markets as possible,” cofounder Pranjal Mehta said. “Initially, the ones (markets) that we’re targeting are similar in geography and diaspora, as India itself. This includes Southeast Asia, the Middle East, Africa and the southern…

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Meta accused of copying a feature from Phhhoto app

A defunct photo app has accused Facebook of copying its feature for Instagram. Instagram’s competitor has filed an antitrust lawsuit against Meta, formerly known as Facebook, for copying its function and destroying competition. This isn’t Facebook’s first antitrust case. Many times, in the past, the social media company has been accused of limiting competition. Users of the Phhhoto app could take five frames in a single point-and-shoot burst, as well as make and share short GIF-like videos. This feature is well-known due to its resemblance to Instagram’s massively famous Boomerang…

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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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