Unacademy, an education technology startup, announced it has raised $110 million from Facebook and General Atlantic. Post current funding, the company is valued at $510 million. Existing investors Sequoia India, Nexus Venture Partners, Steadview Capital and Blume Ventures also took part in the funding round. Apart from that, investments were made by Flipkart CEO Kalyan…
Vice President of Facebook’s engineering department Jay Parikh on Tuesday announced that he is leaving the company. He is the newest addition to the long list of executives who left the company over the past years. Parikh, who was considered to be instrumental in creating the data center infrastructure of the company will be succeeded…
Facebook has announced the appointment of Avinash Pant as marketing director of India operations. The role of marketing director is a newly created role by Facebook India to look after the company’s marketing efforts across platforms like Instagram and WhatsApp. Avinash will report to Ajit Mohan, who’s Facebook India’s vice-president and managing director. “Consumer marketing…
Alphabet, the parent company of Google on Friday crossed the $1bn valuation mark. With this Alphabet became the fourth tech company to cross $1trillion milestone. Alphabet joins Apple, Microsoft, and Amazon in the exclusive club. Amazon passed the $1trillion mark in September 2018 but its current value is estimated at $931bn. Apple was the first…
WhatsApp’s chief business officer Neeraj Arora, on Monday, announced his decision to quit the company, marking another high-profile exit at the Facebook-owned messaging app. Arora has been serving the company since 2011 and through Facebook’s $19 billion acquisition in 2014. Earlier this year in April, WhatsApp co-founder Jan Koum left the company due to conflicts with Facebook on WhatsApp’s…
Facebook Inc. which has been facing several criticisms for the past few years has hired the former UK deputy prime minister, as its head of global policy and communications. Clegg, 51, will be succeeding Elliot Schrage. The Social media giant has been facing severe political pressure over issues such as data scandals, spreading fake news, and the…
Facebook on Monday announced Adam Mosseri, Vice President of Product, will be taking position as the new Head of the photo-sharing app Instagram following the resignation of its founders Kevin Systrom and Mike Krieger. Adam Mosseri was earlier leading the news feed division of Facebook, one of the most important products of Facebook. His appointment will take…
Facebook has named Ajit Mohan as their Vice president and Managing Director for India. He has been the the Chief Executive Officer of Hotstar, the popular online streaming platform of Star network. At Facebook, Mohan will be responsible for aligning teams and driving Facebook’s overall strategy in India. He will be reporting to David Fischer, Vice-President…
Facebook Inc. has a lot of updates for market these days. After its $1 billion purchase of the start-up behind the photo sharing smartphone application ‘Instagram’ and a multi-billion-dollar debut on the stock market, it has acquired the "social discovery" startup Glancee. This is dubbed as Facebook’s second major acquisition this year after Instagram, and…