BUSINESS
Facebook to pilot sharing of ad revenues with Reels creators
Meta is also making its short video offering Reels available across more parts of its Facebook app apart from extending it to more than 150 countries.
BUSINESS
LinkedIn brings its Creator Accelerator programme to India
India is the second-largest market for LinkedIn after the United States with more than 85 million members in the country
STARTUP
Device management platform Servify buys 247around
247around specialises in at-home service of home appliances, consumer electronics and white goods.
BUSINESS
SoftBank-backed creator company Jellysmack enters India, plans to sign up 100 creators this year
Jellysmack works with over 500 influencer creators, including PewDiePie, MrBeast and Nas Daily
BUSINESS
Google plans to bring Privacy Sandbox to Android as it looks to limit cross-app tracking in apps
Google to support existing ads platform features for at least two years and provide 'substantial notice ahead of any future changes'.
BUSINESS
Twitter boosts its tips feature in India with Paytm integration
People will be able to link their Paytm account to their Twitter handle, enabling users to directly send them money through the tipping feature on the company's iOS and Android apps
BUSINESS
WazirX cofounder, SuperGaming launch Web3 games asset marketplace Tegro
Tegro is building game asset marketplaces for players, traders and institutional investors, enabling them to trade, hold and play with these assets
BUSINESS
After Free Fire ban, Garena says working to address the situation
Free Fire was the highest revenue generating app across Google Play and Apple's App Store in India in 2021
BUSINESS
Garena's Free Fire & 53 other China-linked apps banned in India
"On receipt of the interim order passed under Section 69A of the IT Act, following established process, we have notified the affected developers and have temporarily blocked access to the apps that remained available on the Play Store in India," the company said in a statement.
BUSINESS
Karnataka HC strikes down majority of the state's online gambling law as unconstitutional
The petitions challenged the constitutional validity of amendments made to the Karnataka Police (Amendment) Act that had banned all forms of online gaming where transfer of money is involved.
BUSINESS
YouTube's 2022 roadmap: NFT integration, immersive gaming videos and monetizing short videos
YouTube plans to introduce new features and capabilities for creators such as new video effects and editing tools along with the ability to reply to individual comments by creating a short video.
BUSINESS
Disney+ Hotstar's paid subscriber base rises to 45.9 million
Disney+ Hotstar is currently available in India, Indonesia, Malaysia and Thailand
BUSINESS
Airmeet bags $35 million funding from Prosus Ventures, Sistema Asia, others
Airmeet's products support a range of multi-format events such as webinars, hybrid conferences, trade shows and workshops.
BUSINESS
SuperGaming ropes in WazirX cofounder Siddharth Menon as advisor for its crypto gaming initiatives
Blockchain-based and non-fungible token (NFT)-based gaming firms are gaining steam in India and are expected to be one of the key trends in the sector in 2022.
BUSINESS
Ola Electric has clocked less than 1,800 EV registrations since December 15: Govt data
Ola Electric recently raised over $200 million at a valuation of $5 billion from Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss, and others.
BUSINESS
Instagram rolls out 'Take A Break' feature in India, other markets
The feature alerts users to take a break from the platform if they have been scrolling for a certain amount of time and suggests that they set reminders to take more breaks in the future
BUSINESS
Snapchat's India expansion efforts is guiding our community growth in new markets: Evan Spiegel
Snap Inc posted its first-ever quarterly net profit of $22.6 million in Q4 2021, while revenue increased 42% year-on-year (YoY) to $1.3 billion
BUSINESS
India, Indonesia drive Spotify's user growth in Q4 2021
Advertising, which has emerged as a key growth area for Spotify now accounts for about 15% of its overall revenue, as compared to about 13% a year ago.
COMPANIES
PUBG maker Krafton invests in JetSynthesys-owned Nautilus Mobile
Making its first investment in a game development studio in India, Krafton has infused $5.4 million in Nautilus Mobile that was acquired by digital entertainment and technology company JetSynthesys in October 2020.
BUSINESS
Facebook saw slower user growth in India due to increased data pricing: Meta CFO Dave Wehner
"Another factor for slowdown in user growth is increased competition from other apps."
BUSINESS
Headout bags $30 million funding to accelerate its expansion to 500 cities globally
Headout is also scouting for acquisitions in the areas of travel, entertainment and augmented reality (AR).
BUSINESS
Google is trying to think deeper about markets like India: Sundar Pichai
Sundar Pichai said they are watching the blockchain space closely and looking at how they might contribute to the ecosystem and add value as a company.
BUSINESS
Budget 2022: AVGC taskforce to boost employment, give regularity clarity, say gaming industry experts
Gaming industry representatives said the task force formation will help bolster their domestic capacity, helping them meet the burgeoning market demands on national and international level.
STARTUP
Economic Survey 2022: More than 100 startups working in India's space sector
In June 2020, the government opened up the space sector enabling the participation of private firms in the entire gamut of space activities.
