Edtech firms promise jobs📚, Curefoods acquire Sbarro🍕, Data wiper hits Ukraine⚠

Edtech firms offer job guarantees, Curefoods acquires rights for pizza chain Sbarro, Data wiper hits Ukraine computers, What is Series B?, Funding Deals & more.

Rise & Shine ☀

Feb 25, 2022

Morning peeps🙋🏻‍♂️,

Start your day, the smart way!

Rise & Shine is your daily dose of tech news and motivation, all rolled into one.

Let’s get started

Edtech firms offer job guarantees amid war for tech talent💼

Edtech firms such as Simplilearn and Imarticus Learning are offering job guarantees to those who complete courses in a variety of fields, including machine learning, data analytics, data science, digital marketing, cybersecurity and java development.

Top 100 EdTech Companies in India: 2022 [Updated]

The move has been prompted by a huge demand-supply gap for people with these skill sets. Another reason for such job-guarantee programs was the lack of quality education, experts said.

While upskilling companies have been providing job assistance for years, job guarantees are a relatively new concept. Experts said this model has been implemented in the US and is now picking up traction in India.

Curefoods acquires franchise rights for US-based pizza chain Sbarro🍕

Curefoods, a cloud kitchen company that houses brands like EatFit, CakeZone and Great Indian Khichdi, on Thursday announced the acquisition of the South India franchise rights for US-based pizza chain Sbarro.

Sbarro is a global pizza brand that specialises in New York-style pizzas and is currently present in 630 locations across 28 countries, Curefoods said in a statement.

Curefoods Acquires Franchise Rights For Us-Based Pizza Chain Sbarro

Curefoods plans to open around 50 Sbarro outlets in the next 3 years starting with Karnataka and the expansion will consist of a mix of walk-in outlets and cloud kitchens to ensure maximum customer reach.

As a result of this partnership, the first Curefoods-owned Sbarro outlet is set to open in Bengaluru within the next quarter. Sbarro India's master franchise rights are operated by Upper Crust Foods.

Send on Whatsapp

Learn with R&S 💡

`What is Series B funding?`

The Series B is the third stage of capital raising by a startup. This is the second round of venture capital financing. The Series B financing is usually for companies that are set for development stage. These are companies that generate stable revenues and earn some profits. The investment is used to support the company’s growth to a next level. It can also be used for sales, marketing, acquiring talent and developing new technologies.

Learn with R&S!

Hot Shorts⚡

Neobanking platform Niyo has raised $100 million as a part of its new funding round, led by Accel and Lightrock India.
Value retailer 1-India Family Mart has raised Rs 50 crore in funding from Dubai-based Gulf Islamic Investments (GII).
Indian edtech startup Bhanzu has raised $2 million as a part of its seed funding round led by Lightspeed.
Telecom major Bharti Airtel has acquired a strategic stake in Aqilliz, a 'Blockchain as a Service Company'.

Data wiping malware hits hundreds of Ukraine computers⚠

A newly discovered, destructive piece of software found circulating in Ukraine hit hundreds of computers, according to researchers at the cybersecurity firm Eset.

That was just a part of what Ukrainian officials said was an intensifying wave of hacks aimed at the country’s tech infrastructure in the lead-up to Russia’s invasion on Thursday morning.

In a series of tweets, cybersecurity firm Eset said the data wiping program had been "installed on hundreds of machines in the country". The attack, it said, had likely been in the works for the past couple of months.

Ukraine has been repeatedly hit by hackers in the past few weeks as Russia massed troops around its borders.