World

Uber likely to sell UberEats’ India to Zomato for $400 million

Uber is reportedly selling its delivery service UberEats India business to local competitor Zomato. The company can sell its food delivery app business at around $400 million, and Uber may invest $150 - $200 million further as part of the deal.  Earlier this month, founder and...

Twitter’s Jack Dorsey will spend 3 to 6 months of 2020 in Africa

In his recent tweet Jack Dorsey, CEO of Twitter and the financial services provider company Square, who was in Africa has expressed his nostalgia by saying he is sad about leaving Africa, and he will be back in the mid of next year...

Paytm raises $1 billion in the latest funding round

Indian financial startup Paytm has secured a funding of $1 billion in the latest funding, as reported. Paytm was valued $15 billion in 2019, and over 400 million people in India use its services. The company raised $1.4 billion from SoftBank in 2017. Till day,...

African fintech startup Opera’s OPay received $120 million in funding from Chinese investors

Incubated by Opera, famous for its web browser, Africa-based startup OperaPay, widely known as OPay, has gained $120M from the Chinese investors in series B round. Along with PalmPay, OPay is now one of the most funded fintech startups in Africa. Series B investors included Chinese local life...

Motorola made users nostalgic with foldable Android RAZR

The Lenovo-owned company Motorola is going to release a new foldable RAZR Android smartphone in January 2020. Remember Hello, Moto!? Motorola aims to keep its ionic flip phone RAZR alive by integrating the popular Android OS and flexible display in it. This project went...

WeWork’s Chairman Marcelo Claure terminates 13 people for abusing vendor policies

WeWork's Marcelo Claure - the Chairman, has sent a memo to employees that states the company has investigated policy abuse and fired 13 employees.  Mr. Laure has further mentioned that layoff did not only happen at one office location but from all regions of...

HP receives a $30bn proposal from Xerox

Xerox is aiming to buy HP Inc. HP confirmed that it had received a potential business combination proposal from Xerox on Tuesday, 5th November 2019. As per Bloomberg, the company has not locked its final decision yet, and it will be made in...

Indian Startups have raised $11.3B this year; a record

With two months left in 2019, Indian tech startups are already having a great year as a record amount of $11.3B has flown into the local ecosystem of the country, as reported by TechCrunch.  This is the first time that Indian startups have raised...

SoftBank to take charge of WeWork

WeWork, an American commercial real estate company that provides shared workspaces for technology startups, founded in 2010. Eventually, after the ouster of its Co-founder Adam Neumann, the company lost its valuation from heft $47 billion to $7.5 billion, as reported by CNBC. WeWork...

Facebook Libra project is coming up with other cryptocurrency ideas

There is a raised possibility that Facebook could use cryptocurrencies based on national currencies, to bring its long-awaited Libra project into the action. In the wake of growing skepticism about its digital currency, David Marcus, the Head of Libra project for Facebook stated,  “Instead of...

Latest News

Microsoft claims that the suspected Russian hackers might have accessed the Microsoft source code as well. This was done as part of the same act, which has diagnosed several renowned US...