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Netflix📺, EV Sales🛵, Meta Verified✅
Netflix focused on reigniting growth, Sales of EV two-wheelers slow, Meta subscription service launched, Funding Deals, Fact and more.
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Heavily invested in India, building a local team here: Ted Sarandos, co-CEO, Netflix📺
Ted Sarandos, the co-CEO of Netflix, told during the Economic Times Global Business Summit that the streaming platform, after a tough first half of 2022 due to slow recovery from Covid-19 and shutting operations in Russia, is singularly focused on reigniting growth.
He said subscriber numbers may make for nice headlines but they're not a real business metric for the global streaming platform. “I'm proud to say that the viewing engagement in India grew by 30%, and our revenue grew by 25% last year. This wouldn't have happened if it wasn't tied to that engagement metric,” Sarandos said.
Sales of EV two-wheelers slow as govt stops subsidies🛵
Insiders in the electric two-wheeler industry told sales may fall short of the 1-million-unit target this fiscal year as the government has stopped disbursing subsidies to several manufacturers that are under investigation for alleged violation of local-sourcing rules.
According to industry estimates, subsidy payments of Rs 1,100 crore under the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme have been held back.
Digital tech services company Nuvento has raised $3.3 million from Tests Assured.
Architecture and interior design firm Infurnia raised $1 million in funding from a group of angels led by Yogesh Chaudhary (owner of Jaipur Rugs) and Bhupinder Singh (ex-CPO of Bentley Systems).
Gurugram-based ecommerce startup Cattle Guru has raised $240,000 from early-stage venture capital firm Antler.
UBreathe, a biotech startup that develops plant-based air purifiers, secured a deal of $181,000 from Emcure Pharmaceuticals head Namita Thapar on Shark Tank India.
Meta subscription service launched at $11.99/month, to provide protection against impersonation✅
Meta Platforms on Sunday announced that it is testing a monthly subscription service, called Meta Verified, which will let users verify their accounts using a government ID and get a blue badge, as it looks to help content creators grow and build communities.
The subscription bundle for Instagram and Facebook also includes extra protection against impersonation and will be priced at $11.99 per month on the web or $14.99 monthly on Apple's iOS system.
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Other Top Stories
🗃️ Twitter Files: New set of documents alleging political influence on micro-blogging site released
🗺️ Adani maps comeback strategy after $132 billion Hindenburg rout
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