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Tata 1mg is 107th 🦄, Flipkart forays into hospitality sector🏨, Musk says 90% cmnts are bots🤖
1mg enters unicorn club after $41-mn funding, Flipkart forays into hospitality sector, 90% of comments on my Twitter account are bots: Elon, Funding Deals and more.
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1mg enters unicorn club after $41-million funding from Tata Digital🦄
Online pharmacy 1mg has entered the unicorn club after an internal round of $41-million funding led by Tata Digital, sources close to the development told us. Following the fund infusion, 1mg has been valued at $1.25 billion.
Tata Digital had acquired 1mg at a valuation of around $450 million in June last year.
The new funding comes at a time when 1mg rival PharmEasy is also looking to raise a new round after canceling its plans for an initial public offering. Reliance-owned Netmeds is another rival for 1mg besides Apollo.
Tata Digital, a wholly owned subsidiary of the Tata Group, owns a little over 62% in 1mg now. The 1mg acquisition is the latest move by the salt-to-steel conglomerate to bulk up its digital portfolio, and build its super app play.
Flipkart forays into hospitality sector with the launch of hotel booking feature🏨
Ecommerce marketplace Flipkart has forayed into the hospitality sector with the launch of a new hotel-booking feature — Flipkart Hotels — on its platform to bolster its offerings in the travel sector.
The platform said Flipkart Hotels will allow customers to book hotel rooms across 3 lakh domestic and international hotels. Backed by Cleartrip's API, Flipkart Hotels will benefit from Cleartrip's deep understanding of travel customers and sectors.
The company said, with the launch of hotel services, it aims to offer its customers a host of affordable benefits, including flexible travel and booking-related policies, easy EMI options, among others to make travel affordable, and budget-friendly options, among others.
GroMo, a fintech platform for distribution of financial products in tier 2-and-beyond cities, has raised $11 million in equities from a clutch of investors led by SIG Venture Capital.
Supply chain finance startup CashFlo has raised $8.7 million (Rs 70 crore) in funding as part of its second round of capital raise led by General Catalyst.
Hospitality firm Stay Vista Pvt. Ltd has raised ₹40 crore in a Series B funding round led by existing investor DSG Consumer Partners, with participation from Capri Global and CA Holdings.
B2B food processing startup Suite42 has bagged $4.3 million in funding co-led by Omnivore and Orios Venture Partners.
Construction tech company Project Hero has raised $3.2 million in a seed funding round led by Ankur Capital and Omidyar Network India.
As many as 90% of comments on my Twitter account are bots: Elon Musk🤖
Tesla and SpaceX CEO Elon Musk on Tuesday again hit out at Twitter, saying 90% of the comments on his tweets are actually bots or spam replies. Musk shared screenshots of replies by the fake Twitter account of Changpeng Zhao, founder and CEO of leading crypto exchange Binance.
"And 90% of my comments are bots," Musk said in a tweet. A follower asked Musk: "Do you think the number of likes you get has a similar proportion of bots vs humans at 90%?"
Earlier this month, Musk went after Parag Agrawal-led microblogging platform after a top cybersecurity expert claimed that as high as eight in 10 Twitter accounts are fake.
Dan Woods, global head of Intelligence at cybersecurity company F5, told The Australian that more than 80% of Twitter accounts are probably bots - a massive claim as Twitter says only 5% of its users are bots/spams.
The Musk-Twitter trial is slated to begin on October 17.
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