Education technology startup Unacademy has raised a $150 million funding led by Japanese conglomerate SoftBank, taking the firm’s valuation to $1.5 billion. Existing investors that participated in the funding round are Facebook, General Atlantic, Sequoia India, Nexus Venture Partners, and Blume Ventures. Earlier in February, Unacademy had raised $110 million from Facebook and PE firm…
Mastercard, a global technology company in the payments industry, announced the extension of its partnership with Facebook to offer a new and innovative way for Brazilians to send and receive money from friends and family on the WhatsApp application. Mastercard cardholders banking with Nubank and Sicredi are among the first in Brazil to experience payments…
The death of an unarmed man of colour in police custody in Minneapolis, U.S last week have sparked a row of protests across the country. The alleged killing of George Floyd by four Minneapolis police officers have once again highlighted the racial inequality in the United States and people have now taken to the streets…
Saregama, a RP Sanjiv Goenka Group company and India’s oldest music label, announced that it has signed a global deal with Facebook, to license its music for video and other social experiences across Facebook & Instagram. The company said that the partnership will allow users to choose from a wide variety of music to add…
GoJek, a Southeast Asia’s on-demand multi-service platform and digital payment technology group, announced that it has raised investments from Facebook and PayPal. Facebook and PayPal join other high-profile technology firms that have backed the ride-hailing startup that also offers food delivery and mobile payments. According to TechCrunch, GoJek said that Facebook and PayPal were participating…
Just days after Jack Dorsey announced permanent remote working for Twitter and Square employees, his counterpart Mark Zuckerberg announced a similar move for Facebook employees globally. In a publicly broadcasted live stream, Facebook Chief Executive Officer Mark Zuckerberg announced that Facebook Inc will shift toward more permanently embracing remote work even after coronavirus lockdowns ease.…
Reliance Industries Limited and Jio Platforms Limited announced that KKR will invest ₹ 11,367 crore into Jio Platforms. This transaction values Jio Platforms at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore. This is KKR’s largest investment in Asia and will translate into a 2.32% equity…
Samsung India announced that it has partnered with leading social media and technology firm Facebook, to train offline retailers go digital. The company said that the initiative will enable thousands of the company’s offline partners become part of online ecosystem and reach out to a larger base of consumers, in a world swiftly moving digital.…
Social media giant Facebook has agreed to a $52million court settlement to compensate its content reviewers, after a class-action lawsuit alleged that the employees suffered psychological damages while filtering harmful content uploaded on the site. According to an AFP report, the preliminary settlement was reached in a California court. As per the settlement, the U.S.…
ManyChat, a Chat Marketing platform, announced that it has partnered with Messenger from Facebook to connect the public to government health organizations and UN health agencies actively supporting COVID-19 response efforts. ManyChat is offering free Pro upgrades for the duration of the crisis and has built specific templates to help these health organizations effectively share…
Reliance Industries Ltd, Jio Platforms Ltd and Facebook, Inc. announced the signing of binding agreements for an investment of ₹ 43,574 crore by Facebook, acquiring 9.9% equity share in Jio Platforms. This investment by Facebook values Jio Platforms at ₹ 4.62 lakh crore pre-money enterprise value. “This is the largest investment for a minority stake…
Google has announced recently that the company will be offering financial support to local newsrooms hit by the economic fallout of the COVID-19 pandemic, as part of its Google News Initiative. The company, however, did not disclose the size of the funding it would offer through the relief fund. The company made the announcement in…
The parent company of Root Insurance, Root Inc., recently announced that it has appointed Annette Reavis as the company’s first Chief People Officer. Commenting on her appointment, Root Insurance Co-founder and CEO Alex Timm said, “Annette brings over 20 years of human resource and business experience to the Root Inc. family. Her passion for leading…
As the novel coronavirus is spreading rapidly and cost more than 3,000 lives, corporations and organizations around the world are feeling the heat of it. Companies are now facing battles on two ends- sustaining the business and safeguarding employees. The outbreak has now led to the world’s largest work-from-home experiment to take place. Companies like…
Bengaluru and San Francisco-based Hasura recently announced that it has raised $9.9mn in Series A funding round led by Vertex Ventures US. The funding round saw participation from existing investor Nexus Venture Partners and Strive VC along with SAP’s early-stage venture arm SAP.iO Fund. Hasura works to solve developer problems around connecting to databases when…