Ahead of its plans to expand into the United States, Pine Labs has acquired fintech infrastructure specialist Setu, in a cash and equity deal totalling upto around $70-75 Mn.
Post acquisition, Setu will retain its

Instances of companies laying off employees to survive tough market conditions this year have been more common than one would have liked, and things do not look to be changing anytime soon.
While the pandemic and

Global VC veteran Accel, has just casually announced the launch a balloonic new fund, closing the same with a $4Bn corpus. The fund will focus on late-stage investments through its regional centers, that it

Tesla, Elon Musk’s electric vehicle company, had opened two new car factories in Texas and Berlin this year as part of its mission to rapidly build capacity for production, to make it cheaper to distribute cars i

In 2017, Twitter made the decision to double the character on tweets from 140 to 280 characters. Five years down the line, the popular micro-blogging site is looking to put the “micro” out of its name as it is tes

The saga of the multi-billion-dollar acquisition of popular micro-blogging site Twitter finally seems to be nearing its conclusion. After several twists and turns, the deal is finally back on track. According to a

Creators are finally getting the love and recognition they deserve as Meta is increasing focus on attracting and retaining them instead of losing them to rival platforms such as TikTok. With creators, more users

Finbox, a fintech that provides B2B digital credit infrastructure to consumer fintech platforms, has announced a new $15Mn fundraise. The round was led by A91 Partners with participation from Aditya Birla Ventures

India is a nearly $250Bn logistics market, as per FY 2021 estimates. And considering the country’s ambitious development goals and an emerging income class, this industry is expected to be worth $380Bn by 2025. A

Reliance Industries, one of India’s most pervasive business behemoths, have been fined ₹30 lakhs ($38,522) by the Securities and Exchange Board of India (SEBI) for allegedly violating Prohibition of Insider Tra

Following protests that turned in violent across several parts of the country over Indian government’s ‘Agnipath’ military reforms, the govt. has banned as many as 35 WhatsApp groups for allegedly spreading misin

Telegram has carved a nice niche for itself, and today, it is on the path to becoming a household name to be uttered in the same breath as WhatsApp. This is once again evident as the Dubai-headquartered firm

The crypto winter that has prevailed for the better half of the year shows no signs of leaving, something that has sent several cryptocurrencies tumbling from their all-time highs. This continues as we near the

Indian vernacular social media platform ShareChat has roped in investment worth $255 Mn from Google, Times group and existing backers like Temasek to bring curtains to their multi-tranched series H funding

FanClash, a Gurugram-based Fantasy gaming startup, has attracted $40 Mn in Series B round financing lead by Alpha Wave Global. Other investors include Sequoia Capital India, Falcon Edge, Info Edge India and

Apple is set to face another class action lawsuit for allegedly, purposefully slowing down performance of older models, in a bid to encourage users to buy new devices. The lawsuit is being filed by consumer rights

For quite some time, the smartphone connoisseurs, a community that doesn’t often have resonating opinions, have been complaining about one thing. The concept of the smartphone has gotten less and less exciting o

Nearly a year ago, on July 22, 2021, the Reserve Bank of India (RBI) decided to put a halt on the operations of US-based payment gateway Mastercard in India by banning it in the country. At that time, the

The battle for dominance in the social media sphere continues to intensify as new platforms enter the arena and existing ones are adding new features to attract and retain more users. Meta-owned social media

Once again, a new competitor is coming in to take on the battle to the Apples and Samsungs in the smartphone business. While Android creator Andy Rubin may not have been successful, it is Carl Pei now, the founder