Krafton to invest another $150 Mn in India🎮
Krafton to invest another $150 Mn in India🎮
Start your day, the smart way! Latest tech updates, startup insights, and a dose of inspiration. 2-min is all it takes!
Hi Everyone👋🏻,
Welcome to the newsletter! You'll find the newest tech updates, startup insights, and inspiration here.
Get ready to start your day the smart way!
If you've already joined, invite your peers to join as well!
Let's embark on this journey to knowledge and growth together!
Tech Updates
Gaming major Krafton to invest another $150 mn in India
South Korean game developer Krafton Inc, whose popular Battlegrounds Mobile India (BGMI) is currently under a three-month government review, has said it will invest $150 million in Indian startups over the next two to three years.
Data Bill to make social media firms accountable: Ashwini Vaishnaw
The Digital Personal Data Protection (DPDP) Bill will make social media companies operating in India more accountable, boost the business of the IT industry and change the way organisations process data of Indians, minister for electronics and IT Ashwini Vaishnaw said.
Tata Digital revenue up 13 times; Tata 1mg losses more than double
Tata Digital, which runs the ecommerce superapp Neu, posted a standalone revenue of Rs 204.35 crore in FY22-23, a nearly 13-fold rise from the year-ago period. At the same time, it recorded a loss of Rs 1,370 crore — a jump of around 23%.
Ecommerce growth slows down in FY23 as Covid effect vanishes
Growth for ecommerce firms slowed down in FY23, as tailwinds provided by the Covid-19 induced lockdowns, started to die down, according to a report by ecommerce enabler Unicommerce.
Baidu, ByteDance, Tencent and Alibaba order $5 billion of Nvidia chips to power AI ambitions
China's internet giants are rushing to acquire high-performance Nvidia chips vital for building generative artificial intelligence systems, making orders worth $5 billion, the Financial Times reported on Wednesday.
US president Joe Biden orders ban on certain US tech investments in China
President Joe Biden on Wednesday signed an executive order that will prohibit some new US investment in China in sensitive technologies like computer chips and require government notification in other tech sectors.
Funding Deals
Fitness tech platform All Is Well has raised $250K led by Bharat Founders Fund and a group of angel investors including Shantanu Deshpande, Abhishek Banerjee, Pradeep Parameswaran, Vijay Aggarwal, Aarti Gill, and Sumeet Jain.
Gurugram-based D2C wellness brand What’s Up Wellness has raised Rs 14.4 crore in its seed funding round led by Unilever Ventures, the venture capital arm of FMCG major Unilever.
Tweet of the day🐥
“Don’t waste your time stressing over things you can’t change.”
Have a great day!
Please share your thoughts on this by clicking on the link below.