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    Reliance JioMeet Launch: Growth Hack, White-Labelled Zoom Or Silly Mistake?

    JioMeet garnered over 500K downloads on day one despite being ridiculed at its launch for 'copy-pasting' Zoom Given the scrutiny on Zoom by the government and the need to fill the gap quickly, JioMeet's launch avatar actually makes sense from a product perspective Could JioMeet's similarity to Zoom in terms of the UI actually be a growth hack or...

    • 19 hrs ago
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    BYJU'S May Be In Talks To Acquire Edtech WhiteHat Jr, Doubtnut

    BYJU'S is looking to spend $300 Mn for WhiteHat Jr and $150 Mn for Doubtnut WhiteHat Jr is in talks to raise $50 Mn at a $350 Mn valuation for investors as well BYJU'S is currently leading the edtech market with 57 Mn users Bengaluru-based edtech unicorn BYJU'S may be on its way to acquire two prominent edtech startups in India - WhiteHat Jr and Doubtnut -a week after...

    • 21 hrs ago
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    Valuation Of Indian Startups To Take A Hit Due To Covid-19 Disruption, Warns Report

    A report by management consultant Duff and Phelps said businesses have lost major chunks of revenue because of the pandemic Next three quarters could see down-rounds for consumer internet startups The report talked about a possible decline in funding activity for Indian startups Ripple effect of the Covid-19 pandemic will hit valuations of ongoing deals...

    • 21 hrs ago
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    Buyers To Pay Interest For Late Payment On GeM Portal

    Buyers will have to pay 1% interest on late payments made to the vendors Though the payments have to be deposited in the account made by GeM The buyers cannot procure any Chinese products or services from the portal All departments which procure goods and services from the government's e-marketplace (GeM) will have to pay 1% interest on late payments made to vendors. However, the...

    • 22 hrs ago
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    After Banning Chinese Apps, Modi Kickstarts AatmaNirbhar Bharat App Innovation Challenge

    The challenge will identify the best Indian apps which are being used by citizens and are scalable The challenge has been launched in eight categories, from 'work from home' to 'games' Winners in each of the categories will receive cash prizes Prime Minister Narendra Modi on Saturday announced the new Digital India AatmaNirbhar Bharat...

    • 22 hrs ago
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    Uber Takes Cost-Cutting Drive, Shuts Mumbai Office

    Uber's Mumbai employees will be working from home till December It is unclear whether the employees will start working from another office next year In May, Uber laid off 600 employees in India amid a global downsizing operation Ride-hailing company Uber has permanently shut its Mumbai office, as cost-cutting continues unabated amid the Covid-19 pandemic, a source close to the developments...

    • yesterday
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    OYO Offers ESOPs Balm To All Employees To Soothe Pay Cut Wounds

    Company has cut pay and sacked staff across 80 countries The employees need to be active in the company until June 1, 2021 to exercise this option Paytm too widened its ESOPs pool by rewarding high-performing employees and new hires OYO has decided to offer a deeply discounted employee stock ownership plan (ESOP), which will make each and every employee a shareholder in the company,...

    • yesterday
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    TikTok Says China Never Requested Data Of Indian Users

    TikTok CEO Kevin Mayer wrote that the app would never share data of Indian users with China TikTok shared its plans of setting up an engineering centre, developing products in India The company confirmed that it won't pursue legal action against the ban Video-sharing app TikTok, one of the 59 Chinese apps banned by India earlier this week, tried to publicly dissociate itself from...

    • yesterday
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    Funding Galore: Indian Startup Funding Of The Week [June 29- July 4]

    1mg is raising $17 Mn (INR 133 Cr) in debt from existing investors B2B marketplace for manufacturing items has raised $21 Mn from Greenoaks Indian variant of TikTok, Mitron, has raised seed funding from 3one4 Capital and LetsVenture Infocus We bring to you the latest edition of Funding Galore: Indian Startup Funding Of The Week!

    • yesterday
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    Movers And Shakers Of The Week [June 29-July 4]

    Miten Sampat, Chief Strategy Officer of Times Internet, has announced his exit from the company Facebook has appointed Francis Jose, Manohar Hotchandani and Paras Sharma in its Partnership team in India COAI has appointed Ajai Puri, COO of Bharti Airtel, as Chairman We bring you the next edition of the movers and shakers of the week. This week, Miten Sampat, Chief Strategy Officer of Times...

    • yesterday

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