IPO
Truecaller opens with 15.4% pop on its Stockholm trading debut
Founded in 2009 by Alan Mamedi and Nami Zarringhalam, Truecaller claims to have 205.5 million monthly active users in India as of second quarter of 2021.
BUSINESS
We are now looking at larger deals as our scale is increasing: Nazara Technologies CEO
With the mobile gaming industry booming and set to more than triple in size to $6-7 billion by 2025, Nazara Technologies is looking to fuel growth through larger deals, says CEO Manish Agarwal.
BUSINESS
Expect more clarity in India's real-money gaming market in coming quarters: Nazara Tech CEO
South India is an important market for games like Rummy which has a good concentration in these states, although real money games like poker and fantasy games see equal distribution across the country.
BUSINESS
LetsVenture subsidiary Trica secures $3 million from Accel, others
Trica offers software products to facilitate equity management and transactions
BUSINESS
Nazara Technologies raises Rs 315 crore from marquee investors
The company plans to use the funds raised to invest in the company's growth initiatives as well as pursue strategic acquisitions across various business verticals.
BUSINESS
Karnataka gambling law: MPL & other gaming startups block users from playing real money games
Real-money gaming startups have started blocking access to residents in Karnataka after the state government notified the online gambling law with immediate effect on October 5.
BUSINESS
Ola picks up GeoSpoc to build next-gen location technologies
GeoSpoc cofounder Dhruva Rajan and his team will join Ola to develop technologies that will make mobility accessible, personalised, and convenient, across shared and personal vehicles.
BUSINESS
Explained: All about Facebook's biggest controversy since Cambridge Analytica
The development also comes at a time when the social networking giant is under intense scrutiny across several countries including India over the outsized reach and influence it has over people.
TRENDS
Nearly a year after launch, WhatsApp wants to tell everyone it has a payment service
WhatsApp currently has a paltry 0.01% share of the UPI payments space which is dominated by PhonePe and Google Pay.
BUSINESS
Ola Electric lands $200 million funding from Falcon Edge, SoftBank and others at $3 billion valuation
The funds raised will be used to accelerate development of other vehicle platforms including electric motorbike, mass market scooter and its electric car.
BUSINESS
Cricket, music, astrology, financial services: How Indians are using Instagram Reels
Cricket-oriented content is a key area which is seeing huge adoption on Reels, said Manish Chopra, director and head of partnerships at Facebook India.
BUSINESS
India is becoming one of the most important markets at Instagram: Adam Mosseri
Facebook has announced the next phase of its creator education programme in India that will provide creators an opportunity to learn, earn and grow their communities.
BUSINESS
Tech firms should not use encryption as excuse to hold up assistance to law enforcement: MeitY Secy
"While encryption is a welcome thing about 99.99% of the time, when it is necessary to come to the assistance of law enforcement agencies to bring perpetrators of wrongdoing to justice, then we expect that encryption will not be held up as a silly excuse to deny them" Sawhney said
BUSINESS
WhatsApp to help rural, cooperative banks accelerate digital banking adoption
In July last year, WhatsApp had announced a pilot project with HDFC Pensions and their tech partner pinBox to enable people to sign up for micro pensions.
BUSINESS
YouTube Shorts is bringing a new breed of creators onto the platform: Satya Raghavan
The pandemic has reshaped the way consumers are using YouTube, as they look for content beyond the traditional verticals in their own languages.
BUSINESS
India Internet Day 2021: Techies are the hardest to bring back to office
Demonstrating positive intent to employees builds a reputation of credibility which helps even when newcomers come into the company, said Nazara founder Nitesh Mittersain
BUSINESS
Ola plans to offer its digital retail platform to other OEMs: CEO Bhavish Aggarwal
This diversification comes as the Bengaluru-based firm gears up for its public market debut and its core ride-hailing business recovers from the impact of the ongoing Covid-19 pandemic.
BUSINESS
Google files writ with Delhi HC against CCI after "leak" of confidential report
Google, in a statement, said it aims to prevent any further unlawful disclosures of confidential findings by the investigative arm of Competition Commission of India (CCI).
IPO
Freshworks Nasdaq listing: Feel like an Indian athlete who won a gold medal, says Girish Mathrubootham
Girish Mathrubootham-led Freshworks became the first Indian SaaS firm to go public on the US stock exchanges.
BUSINESS
Indian startups seek clarity over Karnataka's online gambling bill
The Karnataka government should issue necessary rules that would clearly demarcate and exempt games of skill from the amendments introduced to the Karnataka Police (Amendment) Bill, 2021, said IndiaTech.org CEO Rameesh Kailasam.
IPO
Freshworks to raise over $1 billion through IPO, valuation jumps to over $10 billion
Freshworks has priced its initial public offering at $36 per share, boosting its IPO share price for the second time in the past week. It is set to begin trading on the Nasdaq Global Select Market under the symbol “FRSH” later on September 22.
TRENDS
How Karnataka's online gambling bill could impact skill-based gaming startups
Karnataka government's proposed bill looks to ban all forms of online gaming where the transfer of money in digital or other electronic form is involved.
BUSINESS
Clubhouse unveils its first cohort of Creator First India programme
The social audio market has attracted several competitors in recent months, right from Twitter to Facebook, Spotify, LinkedIn, Discord, and Telegram, among others.
BUSINESS
Freshworks boosts IPO price range, expected to list on Nasdaq on September 22 under symbol 'FRSH'.
Freshworks is aiming for a valuation of around $9 billion, according to reports, and will list its stock on the Nasdaq under the symbol "FRSH".
