Instagram is set to release a new app called Threads, which will function similarly to Twitter with text-based posts that can be liked, commented on, and shared. The app will allow users to follow the accounts they follow on Instagram and use the same username. Meta, Instagram's parent company, is aiming to take advantage of Twitter's problems since Elon Musk took over.
Experts say firms have to focus on tech-enabled partnerships to get a slice of the large deal pie
The funding included $5,00,000 of debt funding from Alteria Capital, Smartstaff founder and CEO Arpit Dave told ETtech. Alteria Capital was the only new investor in the funding round.
Byju’s had signed up the Bollywood actor in 2017 for an annual fee of close to Rs 4 crore, and he has been the edtech platform’s most visible face ever since.
The funding comes in the wake of payments major PayU writing off its investment in the company. Last fiscal, PayU’s close to 15% stake in ZestMoney was valued at $38 million.
The platform is using the unified payments interface (UPI) infrastructure and allows users to make peer-to-peer payments as well as payments to merchants through scanning their QR codes.
Cboe on Friday refilled an application with the U.S. Securities and Exchange Commission (SEC) to launch a bitcoin exchange-traded fund by asset manager Fidelity. In that filing it named Coinbase as the crypto platform that would help the exchange police manipulation in the ETF.