Tag Archives: GoogleBacked

ShareChat, the Indian social media startup backed by Twitter, Google, Tiger Global and Temasek, has laid off 20% of its workforce — or over 400 employees — just a month after eliminating more than 100 roles. The startup informed its employees about the decision on Monday morning. It deactivated access to accounts and wiped out all data of impacted employees, a person familiar with the development told TechCrunch. In December, ShareChat laid off nearly 5% of its… Source link

[unable to retrieve full-text content]Google-backed ShareChat cuts 20% of workforce  Yahoo Finance Source link

The dream of flying cars zipping around in the air has suffered a major reality check. Last week, the secretive air-taxi start-up Kittyhawk, run by Google veteran Sebastian Thrun, announced on Twitter that it was going to “wind down.” It was one of a handful of companies working to bring a “Jetsons” like reality to the world, where electric-powered cars, planes and helicopters become commonplace and offer clean-burning modes of transportation to a world of clogged and polluted… Source link

Glance, a subsidiary of adtech giant InMobi Group, is planning to launch its lock screen platform on Android smartphones in the U.S. within two months, a source familiar with the matter told TechCrunch. The startup is engaging with wireless carriers in the U.S. for partnerships and is gearing up to launch on several smartphone models by next month, the source said, requesting anonymity as the deliberations are ongoing and private. Glance, valued at around $2… Source link

Google-backed DotPe, which helps businesses in India go online and sell digitally, is in advanced stages of talks to raise about $50 million in a new financing round, a source familiar with the matter told TechCrunch. Temasek, the Singapore state-owned investment firm, is finalizing deliberations to lead the investment in the Gurgaon-headquartered startup, the source said, requesting anonymity as the details are private. Terms of the investment could change and the… Source link

India has 100 unicorns now. The Bengaluru-headquartered neobank Open entered the coveted club on Monday with a new funding round, it said. The five-year-old startup did not disclose the size of its Series D funding, but a source familiar with the matter said it’s $50 million. The new round, which valued Open at $1 billion, was led by Mumbai-headquartered investment firm IIFL, the two said. Existing backers Tiger Global, Temasek and 3one4 Capital also participated… Source link

A majority (up to 85%) of the emissions from a barrel of oil come when transportation, such as your car, is driven, according to Carbon Tracker. It’s a stark example of how difficult the net-zero goal will be for companies, but far from the only one. Red Huber | Tribune News Service | Getty Images Normative, a Swedish start-up backed by Google, has launched a free version of its carbon emissions tracker as companies around the world try to figure out how to manage their environmental… Source link

Airtel said on Monday it is launching a credit card, the latest attempt from the Google-backed Indian telecom operator to make inroads with financial services as it looks to expand its offerings in the world’s second largest internet market. The network, managed by billionaire Sunil Mittal, said it has inked a strategic partnership with Axis Bank, the nation’s third-largest private sector bank, to co-launch what they are describing as “a first-of-its-kind” credit card. The… Source link

Jio Platforms is investing $200 million in Glance, which serves media content, news and casual games on Android handsets’ lockscreen, the two said Monday, the latest in a series of bets from Mukesh Ambani’s empire as it looks to expand its offering to over 420 million telecom subscribers it reaches in the South Asian market. Reliance Industries, the parent firm of Jio Platforms and run by Asia’s richest man Ambani, said its investment is part of the InMobi… Source link

Open has acquired consumer neo-banking startup Finin for $10 million as the Bangalore-based, Google-backed business-focused neobanking platform looks to broaden its offerings and deepen relationships with banks. The deal involves both cash and stock, the two said. Launched in 2019, Finin is among the first consumer-focused neobanking startups in India. The startup, which had raised about $1 million from Unicorn India Ventures and others, will see key executives… Source link