STARTUP
SuperGaming partners with Google Cloud to help developers make better games
SuperGaming is bringing its game engine SuperPlatform to developers across the world via Google's cloud unit.
BUSINESS
Amagi buys Streamwise to firm up its streaming data analytics solutions
Amagi raised $100 million investment from private-equity firm General Atlantic at a valuation of $1.4 billion earlier this month.
BUSINESS
Moment of truth for Indian startups likely next year: Flipkart's Kalyan Krishnamurthy
Panel discussion at Bengaluru Tech Summit discussed valuations, India’s strength in the tech and startup ecosystem, backing innovative local ideas and the way forward, among others.
BUSINESS
Meta appoints Sandhya Devanathan as India head
Devanathan's appointment comes about a fortnight after the departure of Meta India's country head Ajit Mohan who joined rival Snap
BUSINESS
Nazara's Sportskeeda appoints Ajay Pratap Singh as CEO; founder Porush Jain resigns
Nazara Technologies' recently appointed COO Sudhir Kamath will also join Sportskeeda's board as a non-executive director.
BUSINESS
InMobi to be more prudent amid current slowdown: Naveen Tewari
InMobi co-founder Naveen Tewari said that they have also witnessed a business slowdown due to the overall advertising market slowing down, but they don't intend to make any drastic changes in their strategy as yet.
BUSINESS
WhatsApp India head Abhijit Bose, Meta India public policy director Rajiv Aggarwal step down
Shivnath Thukral, who is currently the director of public policy at WhatsApp India, has been appointed as the director of public policy for Meta India, which includes Facebook, Instagram, and WhatsApp.
BUSINESS
Google Play adds UPI Autopay support for subscription-based purchases in India
Google has previously said UPI has been one of the key drivers of increasing consumer spend on Google Play in India
BUSINESS
Twitter's India unit swings to loss in FY22; Revenue jumps 82%
Tesla CEO Elon Musk completed the $44 billion buyout of Twitter on October 27 to take the company private.
BUSINESS
Amagi bags $100-million investment from General Atlantic; crosses $100-million ARR milestone
General Atlantic has invested $80 million in the financing round that values the company at $1.4 billion, up from the $1 billion valuation when Amagi last raised funding in March 2022
BUSINESS
Disney+ Hotstar user base rises to 61.3 million, CFO warns of decline over IPL
Disney chief executive Bob Chapek said they expect losses in the streaming business to reduce in the future.
BUSINESS
YouTube Shorts are coming to a television screen near you
YouTube Shorts will be rolled out over the coming weeks to smart television models, game consoles, and streaming devices made in 2019 or later.
TECHNOLOGY
India's paid gamer base hits 120 million in FY22; in-app purchases to drive future growth: Report
Overall, India's gaming industry revenues rose from $2 billion in FY21 to $2.6 billion in FY22 and is projected to reach $8.6 billion in FY27.
BUSINESS
Layoffs begin at Twitter India even as confusion reigns among employees
The Elon Musk-owned social media firm plans to reduce its 7,500-person workforce as a measure to save costs.
BUSINESS
Google India's profit jumps 53.3% to Rs 1,238.9 crore in FY22
Google India's gross advertising revenue grew to Rs 24,926.5 crore for the year, a 79.5 percent increase YoY from Rs 13,886.7 crore in the past year
BUSINESS
Ajit Mohan to lead Snap's expansion in Asia Pacific: CEO Evan Spiegel
Mohan will lead Snap's business in India, Australia and New Zealand, China, Japan, Singapore, Malaysia, Indonesia and Korea markets.
BUSINESS
Meta India head Ajit Mohan quits with immediate effect; joins rival Snap
Ajit Mohan is joining rival Snap, people familiar with the matter told Moneycontrol. Manish Chopra will lead Meta's India unit on an interim basis.
BUSINESS
WhatsApp rolls out communities feature to supercharge group conversations
Neighbourhoods, workplaces, NGOs, clubs, and schools can now connect multiple groups under one umbrella to organise group conversations on WhatsApp
BUSINESS
Games24x7 sets up a Rs 400 crore corporate venture fund; plans to back interactive entertainment startups
Games24x7 Ventures will back startups in the areas of online gaming, sports tech, esports, marketing technology, digital content, digital communities.
BUSINESS
WhatsApp Business India revenue set to cross $1 billion by next year, experts see WeChat moment
Enterprises including banks, insurance, retail businesses and new-age companies are driving the largest volume and revenue for the messaging app's business offerings. Other emerging areas include travel, hospitality and education.
BUSINESS
After CCI's ruling, Google pauses enforcement of in-app billing policy in India
App developers were previously expected to comply with the Play billing policy by 31 October 2022
BUSINESS
Corporate crossings | JetSynthesys ropes in former Krafton India executive Anuj Tandon as CEO of gaming unit
JetSynthesys, which counts Kris Gopalakrishnan, Adar Poonawalla, and Sachin Tendulkar among its backers, has been building multiple gaming businesses under the Jet brand
BUSINESS
What Elon Musk's Twitter takeover means for India
The closing of the deal caps a months-long chaotic saga which saw many dramatic twists and turns - from legal challenges to public spats to disparaging memes and a courtroom trial that eventually didn't happen.
BUSINESS
Apple witnessed double-digit revenue growth in India in September quarter: CEO Tim Cook
India set a new all-time revenue record in terms of iPhone sales during the quarter, said Apple CFO Luca Maestri
