News and Trends: Page 6
TikTok Is Hoping for a 'Stay of Execution' as the Supreme Court Agrees to Hear ByteDance Ban Case — Here's What We Know
TikTok could be banned in the U.S. on January 19.
'Did We Just Become Best Friends?' Jeff Bezos Dines at Mar-a-Lago With Donald Trump and Elon Musk
Amazon founder Jeff Bezos is the latest tech leader to visit the Palm Beach, Florida, "Winter White House."
Nazara Technologies' subsidiary, NODWIN Acquires AFK Gaming
The deal, valued at INR 7.6 crores, involves a mix of cash and a stock swap, with NODWIN Gaming already owning the remaining 7 per cent prior to this acquisition
India Aims To Achieve 30% Share of EVs in New Sales by 2030: Report
India's EV market saw robust growth in 2023, with sales surpassing 1.5 million units; a 49 per cent increase compared to 2022. Notably, 95 per cent of these sales came from e2Ws and e3Ws, which play a pivotal role in India's transition to electric mobility.
Cloud Kitchen Giant Rebel Foods Receives Funding From KKR
Rebel Foods was founded in 2011 and has grown to become the world's largest multi-brand cloud kitchen platform with a network of 450 cloud kitchens and more than 5,000 online restaurants in cities across India, the UAE, and the UK.
AggLayer will Stand the Test of Time: Sandeep Nailwal on Polygon's New Quest
In early 2024, with the first essential components of the AggLayer being live, the only protocol connected to the network was the Polygon zkEVM with other chains set to 'plug into the AggLayer soon.'
NielsenIQ Appoints Joe Ellis as Managing Director for India
His previous assignments in India include establishing NIQ's proprietary simulated test marketing division, BASES, in 2004, and driving the expansion and digitization of its retail measurement services in 2013
Veefin Group of Companies Raised INR 136 Crore to Expand Globally
The company has also announced plans to raise an additional INR 155 crore in FY25 to accelerate the growth of its innovative product portfolio among others
93% of Indian SMBs Using AI Reported Increase in Revenue: Salesforce Report
85% of Indian SMBs are optimistic about their future as they ramp up AI adoption. The top three SMB use cases for AI in India are automated service chatbots, marketing campaign optimization, and generation of new content.
Rising Inflation Across UK and Eurozone Dims Hopes for Early Interest Rate Cuts
Inflation in the UK and eurozone rose in November, with transport costs driving the increase, dampening expectations for interest rate cuts. The Bank of England is likely to keep rates steady as inflationary pressures persist.
Velocity Announces INR 200 Cr Fund to Boost New-Age F&B Businesses
According to the company, the fund is designed to address specific challenges faced by food and beverage (F&B) brands who often struggle to secure financing from traditional sources.
Parafin Secures USD 100Mn in Series C Funding at USD 750Mn Valuation
Since its Series B round in September 2022, Parafin has seen a 400 per cent increase in volumes and now funds nearly USD 1 billion annually for tens of thousands of small businesses in the U.S. and Canada
MBG Card Secures INR 2.72 Crore Funding to Propel Digital Transformation for SMEs
The global digital transformation market is projected to reach $1.5 trillion by 2025, with India's SaaS sector experiencing significant growth driven by SME adoption.
B2B Fintech QuiD Cash Announces USD 4.5 mn Pre-Series A Fundraise
The funding round was led by new investors, alongside existing investor MINTCAP. The company said in a press release that it plans to use the funds to invest in technology and aid further growth.
India Accelerator launches Cohort'25 with USD 8-10Mn funding commitment
The cohort will also provide sector-specific guidance, ensuring each startup has tailored strategic support