BUSINESS
SaaS Wars: Will Google Workspace and Microsoft 365 price increases be Zoho’s gain?
Zoho saw 130-150 percent jump in monthly migrations from Google since the hikes were rolled out.
BUSINESS
Indian MSMEs raise concerns over new pricing of Google Workspace
The new policy would cost Indian MSMEs an additional Rs 2,000-5,000 crore every year for certain services they would never use.
BUSINESS
E-commerce SaaS start-up Graas raises $40 million in first close of Series A
Graas has already invested a part of the funding in acquiring Shoptimize Inc and SELLinALL
BUSINESS
Vauld disagrees with ED freeze on Rs 370-crore bank assets for money laundering
Vauld is accused of lax KYC norms, loose regulatory control of allowing transfers to foreign wallets and non-recording of transactions on blockchains
BUSINESS
Braving funding winter, start-ups cut online marketing spends by 30-60%
With limited funds in hand, start-ups are rethinking marketing strategies
BUSINESS
Exclusive | KKR in talks to invest $50-70 million in Heads Up For Tails
HUFT is on an expansion spree, with plans to add 20 new stores in 2022 and strengthen omnichannel presence
BUSINESS
WazirX is an intermediary whose platform was misused: Zanmai Labs on ED’s order
Zanmai Labs' statement comes days after ED's announcement and disagreements with Binance
BUSINESS
ED investigation, Binance break-up—is brand WazirX crumbling?
Whether or not WazirX survives the ongoing blow, crypto investors’ trust in the company has taken a beating
BUSINESS
Fintech startup Jodo raises $15 million in Series A round led by Tiger Global
Jodo plans to double its team size to 300-350 over the next 18 months
BUSINESS
WazirX didn’t pass ownership, heated debates have been on for 2 years: Binance
Binance will not engage with WazirX going forward, and will ask Indian users to move assets to Binance.com, said the US-based crypto exchange
BUSINESS
Binance to cease off-chain fund transfers with WazirX
"Effective from 2022-08-11 03:00 (UTC), Binance will cease to support off-chain fund transfers between WazirX Exchange and Binance via the “Login with Binance” option,” said Patrick Hillman, Chief Communications Officer, Binance.
BUSINESS
WazirX to Binance transfer is recorded in our database, tweets Nischal Shetty
Could shut down WazirX, and Binance never had access to user data or KYCs, said CEO CZ
MCMINIS
What led to the Solana hack?
TRENDS
Instagram expands NFT support across 100 countries including India
Instagram is also introducing third-party support for wallet connections with Coinbase wallet and Dapper
BUSINESS
Women founders don't easily apply for accelerator programs: Google Accelerator India head
Google’s startup accelerator for women founders received over 400 applications for the first cohort
BUSINESS
Use ‘Cold Wallets’ to avoid Solana-like hacks : Indian Crypto Exchanges
Around 8,000 internet-connected hot wallets lost Solana-based tokens worth over $7 million
BUSINESS
In third affidavit, Vauld names its top 20 creditors
Most of the creditors are in support of Vauld's application except around eight from the top 20 creditors, as per the affidavit.
BUSINESS
Big Tech job openings in India slump significantly amid larger slowdown
Active job openings across Facebook, Apple, Amazon, Microsoft, Netflix, Google were down to 9,000 from their average listing of at least around 40,000 jobs
BUSINESS
Kotak Investment Advisors launches Fund of Funds, targets Rs 1,500-crore fund raise
The Fund will be exploring multiple sectors including consumer, technology and healthcare
BUSINESS
Singapore court grants three-month moratorium to Vauld
Vauld's operations remain suspended as customers await withdrawals
BUSINESS
New client addition slows down at top 4 Indian IT firms
TCS, Infosys, Wipro and HCL added 60 clients in the $1 million plus revenue band in Q1FY23, down from 91 clients added in the same band in Q1FY22
BUSINESS
Cryptocurrency exchanges bet on long-term products after trading volumes crash
The exchanges are pinning their hopes on systematic investment plans, loans, and futures trading to attract retail investors with longer-term horizons.
BUSINESS
Fewer deals, falling margins: Recession blues hit the Indian IT sector
Supply-side constraints and macro uncertainties weigh on the margins of IT companies in Q1
BUSINESS
Meta partners with NewsMeter to expand fact-checking programme in India
Globally, Meta's Facebook has started reallocating resources for News Tab to focus on creator's economy
