The company is working with investment banks JM Financial and Barclays for the fundraising, according to people who know about its pitch to investors, and is looking to benchmark itself against Delhivery, the largest third-party logistics player which went public in May.
The report by the research house is a ranking of privately held Indian startups that were founded after the year 2000, worth at least $200 million and expected to turn unicorn in the next 2-4 years. Unicorns are privately held startups valued at $1 billion or more.
But Meesho isn’t the only company that has been the target of a Twitter smear campaign in recent months – Easemytrip and even Sequoia have faced similar attacks.
Redington, which supplies Apple iPhones as well as other electronic devices and software in India and other key markets, has been implementing a "pivot" that would rearrange its business channels dependent on brick-and mortar formats to digital streams.
Angel investors including Aniket Deb, the cofounder of B2B packaging firm Bizongo; Wami Capital, the family office of Transworld Group, and Rohit Kapoor, global chief marketing officer of Oyo, also participated in the round.
Existing backers Creation Investments, Tiger Global Management and Sequoia Capital led the round, with Google joining in as a new investor.
Seed and Series A investments rose 88% and 22%, respectively, in January-March over the same period in 2021, data from Venture Intelligence that was shared with ET showed.
A senior bureaucrat who was part of his state’s delegation that met Liu said, “it was an opportunity to understand Foxconn’s priorities on its India manufacturing agenda, and their work plan.” Noting that the Taiwanese major is “looking at a basket of products; EVs is one among them, advanced communication equipment is another, and there are several more,” he told ET.
The council - under the Internet and Mobile Association of India (IAMAI) - said wallets that comply fully with know your customer (KYC) norms should be treated on par with bank accounts, and that they should be allowed to disburse credit.
The Tata Group and private equity fund Bain Capital are evaluating the $1-1.5 billion buyout opportunity but are yet to firm up any plans, said the people mentioned above.
About 100 employees of Trell have also voluntarily left the company over the last two months, a source familiar with the developments said.
Punjab Chief Minister Bhagwant Mann on Saturday announced introduction of multipronged improvements in the sector. He said government schools in the state will be transformed into'schools of eminence'.
Photo caption: The 6 Haight-Parnassus is one of the Muni bus routes that will be brought back into service July 9, 2022 after being temporarily suspended since March 2020.
On July 9, the next phase of the 2022 Muni Service Network plan will go into effect, focused on expanding bus service including the return of the 2 Sutter, 6 Haight-Parnassus and 21 Hayes (with some route changes), as well as other route extensions and modifications.
Public feedback helped us prioritize bringing back routes and connections many communities rely on. Read more about what we heard from the public and how we incorporated feedback into the 2022 service proposal.
As resources allow, our service changes will continue prioritizing service linking neighborhoods identified by our Muni Service Equity Strategy to essential destinations like hospitals and neighborhood commercial corridors, accommodate changing travel patterns and getting the most of our system. We heard from many seniors and people with disabilities that bringing back the connection to the Jewish Community Center food hub is an important priority, so we are bringing back the 2 Sutter between Presidio Avenue and California Street and the Ferry Plaza at Embarcadero. For service west of Presidio Avenue, customers can take the 1 California, which runs more frequently one block north of Clement Street.
|
Route |
Details |
Frequency |
|---|---|---|
|
2 Sutter |
Restore pre-pandemic route between the Ferry Plaza and Presidio Avenue at California Street, restoring connections to the Jewish Community Center food hub. |
Every 20 minutes |
|
6 Haight-Parnassus |
Restore pre-pandemic connections in response to community feedback. |
Every 20 minutes |
|
21 Hayes |
Restore modified pre-pandemic route from St. Mary’s Hospital to Grove and Hyde streets, by Civic Center Station and the Main Library. |
Every 20 minutes |
|
Route |
Details |
Frequency |
|---|---|---|
|
23 Monterey |
Extend to pre-pandemic route along Sloat Boulevard to the San Francisco Zoo and Great Highway in response to community feedback. |
Weekdays every 20 minutes Weekends every 30 minutes |
|
28 19th Avenue |
Extend east of Van Ness Avenue at North Point Street to run between Daly City BART and Powell at Beach streets, providing connections to Fisherman’s Wharf to customers on the westside of the city and who are no longer covered by the 49 Van Ness-Mission. |
Weekdays every 12 minutes Weekends every 15 minutes |
|
43 Masonic |
Extend north of Presidio Avenue at California Street to the Presidio, the Marina and Fort Mason on its pre-pandemic route between Fort Mason and Munich Street at Geneva Avenue in response to community feedback. |
Weekdays every 12 minutes Weekends every 20 minutes |
|
49 Van Ness-Mission |
Shorten to its previous route between City College and Van Ness Avenue at North Point Street. |
Weekdays every 6 minutes Weekends every 8 minutes |
|
57 Parkmerced |
Extend from Eucalyptus Drive and Junipero Serra Boulevard to West Portal Station, restoring the connection to West Portal. |
Every 20 minutes
|
|
58 Lake Merced |
Modify to run along Lake Merced Boulevard instead of Sloat Boulevard and Brotherhood Way instead of John Daly Boulevard, from Mission Street and Daly City BART to Stonestown. |
Every 30 minutes |
|
66 Quintara |
Return to pre-pandemic alignment terminating in the Inner Sunset. |
Every 20 minutes |
|
L Bus |
Shorten route to run between the SF Zoo and West Portal Station and increase frequency in response to changing trip patterns. |
Weekdays every 8 minutes Weekends every 10 minutes |
We plan to continue implementing the approved 2022 Muni Service Network in additional phases as we bring more operators onboard. Read more about the complete 2022 Muni Service Network plan.
The Softbank Group-backed company, which aims to produce 10 million scooters a year, had moved to the new payment model on May 28. Earlier, customers could only make part payments through four separate windows which opened on specific dates.
“I don’t expect to see circle-level 5G deployment right away. There is space for both telcos and non-telcos on the table because at the end of the day both are deploying a new technology and will need to collaborate with different technology vendors for it,” said telecom expert Mahesh Uppal.
Government officials told ET that the RBI order, published late Monday, came after commercial lenders had raised concerns with the banking regulator over likely rule breaches by fintech companies.
With aspirants allowed to appear in up to nine papers, resulting in over 54,000 subject combinations, the Common University Entrance Test-Undergraduate (CUET-UG) will be the longest entrance exam to be conducted from July 15 to August 10. Over 11 lakh candidates have registered for the first edition of CUET.
Cashify will use the funds to double down on marketing, open more refurbishment facilities, and expand offline stores.
The Indian video games industry will be valued at over $2 billion by 2023, according to GlobalData. Such a lucrative opportunity is the biggest motivation for tech companies to acquire or invest in gaming studios, said Guha.
TCS will refresh existing facilities and systems (including hardware), build new solutions for the issuance of e-passports and improve the citizen experience with solutions like biometrics, chatbots and auto-response among others as they go through the passport application process.
On the basis of the 3rd round scores, Prasoon Mishra and Sanvi Verma of Delhi Public School Patna are at the top position at national level. The 2nd and 3rd positions have been claimed by Kuhu Goel and Ashish M of Delhi Public School Pune and Abhinav Gupta and Shrey Jain of DPS Ludhiana respectively.
In an email sent by Kapoor and endorsed by Bose, Kapoor proposed to pay up $48 million in outstanding debt and infuse additional $8 million in fresh equity into the company.
Elon Musk told Twitter staff he wants to raise the service's user numbers from 229 million to at least 1 billion people and said advertising would remain important for the company, despite previously saying he believes Twitter should not serve ads
In a complaint filed in federal court in Manhattan, plaintiff Keith Johnson accused Elon Musk, electric car company Tesla Inc and space tourism company SpaceX of racketeering for touting Dogecoin and driving up its price, only to then let the price tumble.
Infosys has been doubling down on reskilling and retaining talent through various monetary and non-monetary compensations due to the alarming rates of attrition.
India’s largest software services firm by revenue, Tata Consultancy Services (TCS), which already has a presence in the region and was part of IT industry body Nasscom’s delegation to the country last month, said these countries are on a hyperdrive on digital transformation initiatives, both in the private as well as public sector.India’s largest software services firm by revenue, Tata Consultancy Services (TCS), which already has a presence in the region and was part of IT industry body Nasscom’s delegation to the country last month, said these countries are on a hyperdrive on digital transformation initiatives, both in the private as well as public sector.
According to a new report from QS Quacquarelli Symonds (QS), which surveyed 1,10,306 prospective international students, the biggest consideration of Indian aspirants (74%) are living costs, followed by getting a job (60%) and availability of scholarships (60%). Also Indian students expect the universities to provide information on placements and industry links, teaching staffs' experience and qualifications as well as facilitate connections with existing international students.
Credit: Lauren White
Since the San Francisco Board of Supervisors voted to keep three miles of roadway through Golden Gate Park—including the JFK Promenade—free of cars, the San Francisco Recreation & Park Department and the SFMTA project team have been hard at work implementing the over 40 programmatic efforts to support safety, equity, accessibility, and mobility in the Park.
Curious about what we’ve been working on? Read on for recent highlights:
At the end of May, the new Bandshell lot was officially completed and opened for use! The renovation opened up 20 new accessible parking spaces and four spaces for accessible vans, along with new curb ramps and direct, accessible paths of travel to the Japanese Tea Garden and Music Concourse.
Credit: Chava Kronenberg
Since February 2022, Rec & Park has been running a community shuttle program in coordination with nonprofits such as the Rafiki Coalition, Network for Elders, BMagic, and Mo’Magic. Each trip, organized with a community-based organization, has included a guided tour, tickets to the SkyStar Wheel, and an emphasis on encouraging return trips to the Park with family, friends, and neighbors of visitors. Based on the success of the community shuttle program so far, more trips are being planned for the summer.
Rec & Park and the SFMTA will be installing two taxi stands in front of the Cal Academy and the de Young museum in the coming weeks. These stands will give visitors a clear space to access pick-ups and drops-offs directly in front of the museums. Additionally, Rec & Park, in collaboration with SF Travel and the Tour Guide Guild established new zones for tour buses to park near the Bowling Green so they can safely wait while tour groups visit the park.
Following the April 26 vote, Google and Apple Maps are now providing clear and accurate directions into the Music Concourse Garage, and more clearly indicating the car-free route on their respective platforms.
In the first month since the Golden Gate Park Access & Safety Program became permanent, Rec & Park and SFMTA have already made progress toward fully realizing the commitments of the program—and there is so much to look forward to. Every quarter, we’ll be sharing what’s been done to date, and what improvements you can expect to see in the near future. For now, keep your eyes out for an adaptive bikes program in the park, a new solution for traffic circulation on MLK Drive, and more!
According to Nasscom data, women constitute 35% of India's technology industry, a figure that companies like Wakefit, Urban Company, Mpower Financing, EnKash and Simplilearn are looking to increase through a host of initiatives.
Startups and mid-size tech companies are taking to tech-driven solutions to strike balance between onsite work and WFH in post-pandemic work paradigm
It plans to use the funds to accelerate its India growth by scaling its advertising activation strategy and panel enhancement while driving global market expansion.
The outage occurred late on Monday and affected shoppers across the world, including in India. The services were later restored.
HappyLocate has recently raised its Pre-series-A funding led by Inflection Point Ventures.
For Apple Pay Later, a subsidiary has been created called Apple Financing LLC, giving Apple more direct control over the service.
An environmental assessment by the Federal Aviation Administration has concluded that SpaceX's plans for orbital launches will have "no significant impact" on the region along the Gulf Coast near Brownsville.
The feature will allow the Quest 2 VR headset users to choose how they hear people who aren't on the friend's list, including the option not to hear unwanted conversations.
Social media is buzzing due to this outage. One of the users asked, "Did twitter have an outage? I kept getting the oops something went wrong page and could not log in."
The round saw participation from BoldCap and Signal Peak Ventures, along with a bunch of founders.
Many young employees in the IT sector were recruited from tier II cities. Almost 60% of them have gone back to their hometowns and this has opened up an opportunity to attract talent from across the country, he said.
Mazumdar previously worked as an investment analyst at A91 Partners, which has backed D2C brands like Sugar Cosmetics and Plum.
Bloomington, Minnesota is home to one of the 30 TCS facilities in the U.S. and supports leading enterprises in Minnesota, including Ameriprise Financial and Best Buy.
Global IT research firm Gartner has predicted that the market size for digital automation will touch around $600 billion in the ongoing fiscal year, a 35% annualized growth rate over five years
The SFMTA is happy to join San Francisco Pride celebrations when they return to in-person events this month as the city continues its recovery from the pandemic. This year’s theme is “Love will Keep Us Together.” The Trans March is happening on Friday, June 24 and the Pride Parade is on Sunday, June 26. SFMTA staff are, of course, an important part of the LGBTQIA+ community that keeps SF moving with Pride. Pride is an opportunity for us to demonstrate our continued support of the LGBTQIA+ community, promoting our core values of respect, inclusivity and integrity.
History/Background of SF Pride
San Francisco had its first Pride celebration in 1970. For more than three decades the LGBTQIA+ community and their allies have been moving San Francisco forward to become a better, safer, and more equitable world for the LGBTQIA+ community and the city a better place for people to live, work and enjoy.
Historically, San Francisco's Pride parade is the largest in the country with more than a million people in attendance, usually including travelers from cities across the country and around the globe celebrating and paying homage to the members of the LGBTQ+ community.
Diversity, Equity & Inclusion for All
Pride is a celebration and counterpoint to the discrimination and challenges the LGBTQIA+ community has historically faced. And we can all be proud that San Francisco has been a pioneer on such issues as same-sex marriage, health care and anti-hate legislation.
Recognizing the strides and achievements made by the LGBTQIA+ community over more than five decades, the SFMTA’s theme for 2022 is "Moving San Francisco with Pride.” As home to one of the world's largest and most prominent LGBTQIA+ communities, we look forward to celebrating Pride all month long.
What You Should Know About SF Pride 2022
Trans March – Friday, June 24
Pride Parade and Celebration – Saturday, June 25 and Sunday, June 26
Links
Several employees have been interviewed in connection with the investigation by Facebook-parent Meta, the WSJ reported, adding that the probe has been underway since at least last fall.
While in bigger towns and cities, pent up demand has been exhausted and consumers have diverted their expenditure to travel and eating out, for consumers in smaller towns and rural areas, overall inflationary pressure has eaten away their discretionary spends.
The round also saw participation from angel investors like Akshay Kothari, chief operating officer of Notion, Nir Eyal author of Hooked & Indistractable and Damien Coullon, vice president of Product, LinkedIn.
Delaporte’s annual salary was Rs 64.3 crore ($8.7 million) in the financial year 2020-21. The compensation was for nine months as he joined the company only in July 2020.
