Illustration: Rahul Awasthi Payments company Razorpay has closed a $100 million financing round co-led by GIC, the sovereign wealth fund of Singapore, and existing investor Sequoia Capital, in the process topping $1 billion in valuation, and becoming the first Indian neo-bank to hit that benchmark. Existing investors of Bengaluru-headquartered Razorpay, which includes Palo Alto-based financial […]
Covid-hit banks offer cracking deals on ecommerce during the festive period
Illustration: Rahul Awasthi An unsteady revival of the consumer economy has set off a discounting war among leading banks in partnership with online platforms and brands, as ecommerce is one among a handful of sectors that are expected to see growth in the festive period. Bankers and ecommerce executives ET spoke to said tight competition […]
Facebook, Twitter announce mental health resource centres in India
Representational photo. Social media giants Facebook and Twitter have announced initiatives in India related to World Mental Health Day. On Saturday, Facebook announced tie-ups with three Indian firms – Tata Institute of Social Sciences, It’s Ok To Talk and actor Deepika Padukone‘s The Live Love Laugh Foundation – to provide mental health helplines and resources […]
A 15-year-old influencer can now reach as many people as a newspaper but with none of the responsibility: Former Google exec Tristan Harris
( Getty Images) In The Social Dilemma, the documentary that’s kickstarted a very important conversation on social media’s harmful effects on society, Tristan Harris not only pulled some neat coin tricks but gave us some chilling insights on how we’re being manipulated by Big Tech. Harris, a former Google executive and currently president of the […]
Microsoft to let most employees work remotely for up to half their weekly working hours
Microsoft said on Friday it would allow most of its employees to clock in up to half their weekly working hours remotely, providing greater flexibility even after offices start reopening. The software-maker said in a blog post that while returning to office is optional for most employees for now, Microsoft was not committing to having […]
Twitter tightens rules to thwart election threats
Twitter said Friday it will take down calls for violence starting after polls close on US election day and slap warnings on premature victory claims to fight efforts to undermine the election. When it comes to a winner in any race, Twitter will require an announcement by an election official or a public projection from […]
Microsoft announces new app store principles, takes aim at Apple and Google
Microsoft on Thursday said it would adopt a set of 10 principles for running its app store for Windows devices that could lower the commissions it charges, aligning itself with practices promoted by a group of Apple critics. Microsoft and scores of other companies have criticized the iPhone maker’s app store practices, which require developers […]
Delivery app Instacart raises $200 million at $17.7 billion valuation
Delivery startup Instacart on Thursday said it raised $200 million in its latest round, valuing the company at $17.7 billion as it cashes in on a surge in online shopping due to the COVID-19 pandemic. In June, Instacart raised $225 million, and the company was valued at $13.8 billion in that round. This latest round […]
Nykaa says new fashion category to top sales of Rs 500 crore
Fashion and beauty marketplace Nykaa said it expects the new fashion category to top sales of Rs 500 crore in FY 21. Under its multi-brand e-commerce label Nykaa Fashion, the brand has now forayed in the intimate wear category with its brand Nykd, ahead of the festive season. “The intimate wear category has been neglected […]
PharmEasy in investment talks with Naspers, TPG
Illustration: Rahul Awasthi South African technology and media conglomerate Naspers and US-based private equity firm TPG are in talks to invest up to $100 million each in Mumbai-based online pharmacyPharmEasy, three sources aware of the development said. The proposed investment is likely to be done at a pre-money valuation $1.2 billion, the sources told ET. […]