TikTok owner bets on Resso & Lark for Indian market📱
TikTok owner bets on Resso & Lark for Indian market📱
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Tech Updates
Foreign electronics firms could get more time to set up shop in India
The government may allow some time for overseas companies to set up shop in India, provided they submit a detailed roadmap of their local manufacturing plans for products such as laptops, personal computers and servers. - ET
Xpressbees acquires Trackon in all-cash deal
Ecommerce-focussed logistics firm Xpressbees has acquired New Delhi-based courier firm Trackon in an all-cash transaction, without disclosing the size of the deal. This move will help the Pune-based company enter the SME courier space.
TikTok owner bets on Resso & Lark for a Byte of India market
Three years after the union government banned its short-form video app TikTok, ByteDance is undeterred in making its mark in India. The Chinese internet giant is making inroads into the Indian market through its music streaming app Resso and 'all-in-one' productivity app Lark.
How a complicated regulatory landscape is hurting startups selling products made from hemp
Hemp gets a bad rap due to its infamous cousin marijuana. They both belong to the cannabis sativa family. While marijuana plants are short and bushy with broad leaves, hemp is taller with thinner leaves that are concentrated at the top of the plant. But the crucial difference is in the quantum of a psychoactive compound called tetrahydrocannabinol (THC).
Google-backed Anthropic raises $100 million from South Korea's SK Telecom
South Korea's largest telco SK Telecom said it will invest $100 million in U.S. artificial intelligence firm Anthropic to strengthen its telecommunications-driven AI business.
Funding Deals
Artificial intelligence-powered educational platform Shaktimaan.ai has secured $2 million in its seed funding round co-led by Y Combinator, Fundersclub, GoodWater Capital, founders of Jar, along with other investors.
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“A man is about as big as the things that make him angry.”
- Winston Churchill
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