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Short video platforms using Instagram to increase fanbase

Indian short-video platforms that are looking beyond Tier-I India for the next set of users appear to be in a race to buy out Instagram influencers for exclusive content. Influencers with 100,000 to 500,000 followers may earn up to Rs 25 lakh per year on apps like MX TakaTak, Chingari, and Moj, which swiftly filled the void left by TikTok’s exit from India in June last year. “They have roped in multiple third-party agencies to do this,” said Praanesh Bhuvaneswar, founder and chief executive of influencer marketing platform Qoruz. “They’re…

Nykaa acquires domestic skincare company

Nykaa, India’s largest cosmetics etailer, has acquired a domestic skincare company Dot & Key only days before its initial public offering (IPO) on October 28. This is the startup’s first acquisition in the direct-to-consumer space. The deal, though, is reflective of the bigger turnover in the industry. According to a statement made on Friday, “Following this investment by Nykaa, Dot & Key will join Nykaa’s range of owned brands.” Dot & Key, founded by Suyash and Anisha Saraf, develops skincare products such as serums, face masks, toners, and cleansers. The…

EatFit expects a $50 M annualized revenue run rate by FY22

EatFit, a cloud kitchen brand managed by the Curefoods startup, offers clients healthy eating options. With the country’s cloud kitchen space booming, the business appears to have found the right recipe for success. Ankit Nagori, Founder, Curefoods, says that businesses in India have had an interesting journey over the last 18 months. The initial 5-6 months were particularly tough for consumer-facing brands such as EatFit. “People had to find ways to continue their business,” Ankit says. Ankit says that at the peak of the COVID-19 pandemic, the startup was forced…

PUBG: New state to release soon: All you need to know

PUBG: New State will be released for Android and iPhone on November 11. Krafton has revealed that PUBG: New State would be accessible in 200 countries, including India, simultaneously. The new trailer of the game features futuristic weaponry, vehicles, and a slew of thrilling battle royale elements. The news comes only days after Krafton began testing PUBG: New State in alpha and beta with a small group of gamers. “PUBG: New State inherits the core of the PUBG IP and will have a competitiveness in and of itself on the…

Facebook rolls out filters for group video calls

Facebook is starting to roll out augmented reality (AR) filters for Messenger group chats. This means that users will be able to create group conversations by combining filters and AR effects. The effects will soon be available for Instagram group chats as well. Users will be able to play multiplayer interactions with friends using group effects, making group video calls with filters a shared experience. You may view Group Effects by tapping the smiling face to access the effects tray and then selecting Group Effects after initiating a video call…

Google reduces play store fees for developers

Google has announced that it would reduce its Play store fees for developers following Apple. Google has lowered the costs by 15%, the subscriptions app will no longer have to pay a 30% share to the company. However, the changes will not be implemented immediately; the new Play Store fees will take effect in January 2021. Google also announced that eBooks and on- demand music streaming services will be subject to a 10% fee. “To help support the specific needs of developers offering subscriptions, starting on January 1, 2022, we're…

PayPal to acquire Pinterest

PayPal Holdings Inc (PYPL.O) has made an offer to buy digital pinboard site Pinterest Inc (PINS.N) for $45 billion, a combination that may herald additional financial technology and social media tie-ups in e-commerce. It would be the largest social media acquisition ever, surpassing Microsoft Corp’s (MSFT.O) $26.2 billion purchase of LinkedIn in 2016. The deal talks come as online consumers increasingly buy products they see on social media, frequently by following “influencers” on platforms like Instagram and TikTok. By acquiring Pinterest, PayPal would be able to take a larger share…

Redmi note 11 is set to arrive on October 28th

Xiaomi’s most popular Note series is about to receive an update. The Redmi Note 11 series will be released on October 28th, according to the company. New Redmi Note 11 launch posters have been teased, giving us a closer look at this upcoming device. The latest picture shows the Redmi Note 11 in a misty forest colour scheme. On the back, there is a rectangular camera module that looks to house four cameras and an LED flash. The rest of the display is plain, but for a Redmi 5G branding…

Donald Trump’s own social media platform “TRUTH SOCIAL”

Following bans from Facebook and Twitter, former US President Donald Trump is launching his own social media network. Trump’s social media network will be named “TRUTH Social,” and it will “defy Big Tech’s tyranny.” The social networking app is expected to be the first initiative of the Trump Media and Technology Group (TMTG) after its merger with Digital World Acquisition Group, which is led by the former US president. “We live in a world where the Taliban has a huge presence on Twitter, yet your favorite American President has been…

Microsoft allows windows 11 beta testers to download android applications on their systems

Microsoft is now allowing Windows 11 testers to try out Android applications. From Wednesday, a new preview version of Windows 11 allegedly made available to beta testers. Testers using Intel, AMD, or Qualcomm-based CPUs will be able to try Android apps from the Amazon Appstore in Windows 11. Microsoft has also partnered with Amazon to provide a collection of 50 apps for Windows Insiders to test on the operating system. The apps include mobile games such as Lords Mobile, June’s Journey, and Coin Master, as well as reading apps such…