Facebook is testing its Reels feature with select users in India, just days after the Indian government banned TikTok and 58 other Chinese apps citing security concerns, reports Business Insider. Reels allows users to create and edit TikTok-style short video clips up to 15 seconds to which they can lip-sync with music or other audio […]
Aye Finance raises Rs 125 cr from Germany-based investor
Fintech startup Aye Finance on Monday raised Rs 125 crore in debt from Germany-based Invest in Vision, a top official of the company said. The company will use the fund to enhance lending for the micro enterprise sector, Aye Finance managing director Sanjay Sharma said. “Since our inception in 2014 we have been making affordable […]
Paytm to acquire general insurance firm Raheja QBE for $76 million
Paytm will acquire general insurance company Raheja QBE in a deal worth around $76 million, or Rs 570 crore. The online financial services provider said on Monday that founder Vijay Shekhar Sharma’s QorQI Technology will acquire 100% stake in the insurer from parent companies – Prism Johnson and QBE Australia – who are both seeking […]
Privacy-focused search engine DuckDuckGo is again accessible in India
Privacy-focused search engine DuckDuckGo said that the search engine is accessible to users to search the internet in India days after the department of telecom blocked the platform. “We’re seeing our services being broadly restored in India. Thank you for all of your reports, bringing attention to this issue,” the company said on microblogging platform […]
CBSE, Facebook to train students and teachers on digital safety
The Central Board of Secondary Education (CBSE) on Sunday announced a partnership with Facebook to provide training on digital safety, online well being and training on augmented reality (AR) to students and teachers. The training modules are for the secondary school students. The curriculum is now available on the CBSE website. The curriculum on digital […]
Uber buys delivery startup Postmates for $2.65 billion
Uber said Monday it was buying delivery startup Postmates for $2.65 billion in stock, in a move shaking up the sector which has seen surging growth during the coronavirus pandemic. The acquisition steps up the effort by Uber to diversify its business to meet growing delivery demands after failing to win a battle for US […]
Uber, Postmates agree on $2.65 billion all-stock deal: Report
Ride-sharing company Uber has agreed on a deal to buy food-delivery app Postmates Inc in a $2.65 billion all-stock agreement, Bloomberg News reported late Sunday, citing people familiar with the matter. The deal has been approved by Uber’s board and could be announced as soon as Monday, Bloomberg reported, adding that Pierre-Dimitri Gore-Coty, head of […]
Airtel plans to launch its own video conferencing service to capitalise on enterprise opportunity
Bharti Airtel is planning to launch its own unified video conferencing tool for start-ups and enterprises to take on the likes of Zoom, Google Hangouts, and Microsoft Team. “We are close to launching several enterprise-grade products including a unified video conferencing tool very shortly,” a person close to Airtel‘s plan said, adding that initial plan […]
Inside Instagram’s teen training camp for positive advocacy
Illustration: Rahul Awasthi Instagram is working with a group of youth-focused organisations to train teenagers on how to build safe digital spaces to discuss issues like bullying, body-shaming, mental health, loneliness and gender diversity, among other matters that cause stress and anxiety, especially among adolescents. This involves teaching teens how to create catchy content for […]
Udaan sees strong recovery, expects festive sales to further drive growth
(L-R) Udaan co-founders Amod Malviya, Vaibhav Gupta, Sujeet Kumar Business-to-business commerce platform Udaan expects an uptick in sales in the upcoming festive season, especially in the smaller towns, to more than make up for the two-month dip caused by the nationwide lockdown, its cofounders said. In an exclusive interview with ET, Vaibhav Gupta and Sujeet […]