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Swiggy raises $1.25Bn💲
Blue Origin launches Bezos into space, YouTube buys Simsim.
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Blue Origin Successfully Launches Humans Into Space🌌
Named after America's first astronaut, Blue Origin's New Shepard rocket soared from remote West Texas on the 52nd anniversary of the Apollo 11 moon landing, a date chosen by Bezos for its past significance.
After a dream spaceflight, Amazon founder Jeff Bezos has touched down on Earth. The 57-year-old American billionaire flew on a voyage lasting about 10 minutes and 20 seconds to the edge of space. The Amazon founder was accompanied by a hand-picked group that included the youngest and oldest people to ever fly in space.
Bezos founded Blue Origin two decades ago. This was its first crewed space flight. Blue Origin aims for the first of two more passenger flights this year to happen in September or October.
Swiggy's raises $1.25 billion to push beyond food delivery🍊
Swiggy, a food delivery app, has raised $1.25 billion, just days after archrival Zomato filed its domestic IPO, which was expected to raise $1.25 billion as well (Rs 9,375 crore). The IPO was subscribed more than 38 times over.
Beyond food delivery: Swiggy will use the funds to aggressively invest in businesses other than food deliveries, especially its hyperlocal grocery service Instamart.
About a quarter of Swiggy’s revenue comes from such businesses. Apart from Instamart, it runs a subscription-based morning essentials delivery business called Supr Daily, and a pick-up and drop service for all types of parcels, called Genie.
Hot Shorts ⚡
WhatsApp is rolling out a feature that you've probably wished for before. The popular messaging platform will now let you join a group call after it has started, so you never miss a group call going forward.
Health and wellness platform HealthifyMe has landed $75 million in a Series C funding round. HealthifyMe offers coaching subscription plans for weight loss and disease reversal.
YouTube buys video shopping app Simsim👏
Google's YouTube has agreed to buy video shopping app Simsim as it looks to help users find and buy products from Indian retailers. The Gurgaon-headquartered startup helps businesses in India transition to e-commerce by using the power of video and creators.
Two-year-old Simsim had raised about $17 million before today’s announcement and was valued at $50.1 million in its 2020 Series B financing round.
YouTube has been beta-testing a new integrated shopping experience in the US that lets viewers buy products they see in videos from trusted creators. It's possible that this purchase could enable YouTube to launch such a feature in India.
☁ Over the next three years, Wipro plans to invest $1Bn on cloud technology. Wipro's cloud business has grown steadily, and it now employs over 79,000 cloud specialists.
🔝Asian Paints Ltd hits ₹3 trillion market capitalization on Tuesday after its shares hit a fresh record high, gaining over 14% this year.
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