BUSINESS
Manish Maheshwari resigns as CEO and Director of Invact Metaversity
Former Twitter India head Manish Maheshwari developed differences with Co-founder Tanay Pratap as startup struggled to launch.
BUSINESS
Meta rolls out redesigned privacy policy; Indian users can choose not to accept
The new policy is expected to come into effect from July 26, 2022 and covers Facebook, Instagram, Messenger and other Meta products
BUSINESS
Instagram debuts exclusive music tracks for Reels amid a push for original content
Instagram said it will offer music from 200 artists across India which people can use on its Reels and Stories feature
BUSINESS
Music NFT marketplace FanTiger bags $5.5 million from Multicoin Capital, Krafton, others
FanTiger aims to enable independent artists to build fan communities by allowing them to create, buy, and sell digital collectibles on the platform
BUSINESS
Esports fan engagement startup Stan lands $2.5 million from General Catalyst, others
Stan has built a platform that allows esports fans to collect, play and trade digital collectibles such as NFTs of their favorite esports players and content creators
STARTUP
Livestreaming commerce firm Firework bags $150 million funding led by SoftBank Vision Fund 2
This investment will trigger accelerated growth across markets and particularly India, says Firework chief revenue officer Jeff Lucas
BUSINESS
Meta extends 3D avatars to Instagram in India amid metaverse push
Users in India can now appear as their virtual self through stickers, feed posts, and Facebook profile pictures across Meta's family of apps
STARTUP
Laminar bags $5.1 million funding to help media firms build streaming services
Laminar CEO Narendra Nag said this investment will enable them to scale their business and expand their global footprint.
BUSINESS
WhatsApp aims to attract more businesses with new cloud API and premium features
Mark Zuckerberg said that more than 1 billion users connect with a business account across its messaging services on a weekly basis.
BUSINESS
Netflix aims to make its content more accessible with new features
Netflix is expanding the language availability of its audio descriptions and subtitles for the deaf and hard of hearing features to over 20 languages.
STARTUP
Warehouse robotics firm GreyOrange raises $110 million from Mithril Capital, others
GreyOrange said it will deploy the capital to accelerate global expansion and step up the adoption of its fulfillment platform in warehouses, distribution centers and retail stores
STARTUP
Andreessen Horowitz debuts $600 million gaming-focused fund
Andreessen Horowitz's new fund will invest in three key areas -- game studios, gaming-focused consumer companies, and infrastructure.
STARTUP
MPL's Mayhem Studios unveils its first gaming title Underworld Gang Wars
The game title, which is set in India, is expected to launch later this year with pre-registrations kicking off from May 22.
STARTUP
Web3 games marketplace Tegro unveils $1 million grant for developers
Tegro is building a game asset marketplace for players, traders and institutional investors, enabling them to trade, hold and play with these game assets
STARTUP
Nazara Technologies plans Web3 gaming foray through cricket
Freemium segment will be the gaming company's biggest focus in terms of its mergers & acquisitions this year
STARTUP
Ather Energy raises $128 million funding led by India's sovereign wealth fund, Hero MotoCorp
This will be the first direct investment by the country's sovereign wealth fund in the manufacturing sector and in electric mobility
BUSINESS
Google I/O 2022 | Google launches privacy controls to customise ads, remove more private info
Google announced plans to make it easier to control the ads users see on Google Search, YouTube and Discover feed by rolling out more controls in their ads privacy settings.
BUSINESS
Disney+ Hotstar crosses the 50 million paid subscriber mark
Disney+ Hotstar accounted for about 36.4 percent of the total paid subscriber base of Disney+ for the quarter that stood at 137.7 million
BUSINESS
Google I/O 2022 | Google adds immersive map view, improved multi-search feature to product suite
Google Maps is getting a new immersive view that lets users explore and experience a place even before they visit the place
BUSINESS
Google I/O 2022: Google Translate adds support for 24 new languages including 8 Indian languages
Among the new Indian languages being introduced include Assamese, Bhojpuri, Sanskrit, Dogri, Konkani, Maithili, Meiteilon (Manipuri), and Mizo.
BUSINESS
Zee5 unveils its 2022 content lineup with over 80 titles
Zee5's 2022 content slate includes more than 40 original shows and more than 40 movies across various genres including thrillers, action, drama, comedy and romance.
STARTUP
Web3 gaming could provide better monetisation opportunities, say top Indian gaming founders
Web3 can be as big of an opportunity for India as Web2 was for China, said MPL co-founder Sai Srinivas
BUSINESS
Mobile Premier League launches new studio to build big-budget games
Mayhem Studios will operate as a subsidiary of MPL and will work on multiple esports and other game titles.
BUSINESS
Freshworks March quarter revenue jumps 42% YoY; company forecasts slower sequential growth next quarter
Freshworks saw operational losses increase to $47.1 million for the quarter from $1.7 million a year ago primarily due to a rise in stock-based compensation expense.
