Babychakra Acquires Tinystep; Meesho Launches Built-in E-Commerce App; Guardianlink Launches Nft Cricket Recreation & Crypto Investor Katie Haun Raises $1.5bn For New Fund


Listed below are the highest headlines from the startup house.

BabyChakra acquires Tinystep in an all money deal

Parenting platform BabyChakra has acquired a regional parenting community, Tinystep in an all money deal to additional strengthen its progress throughout the nation. Whereas the enterprise didn’t disclose the deal dimension, that is BabyChakra’s first acquisition.

The enterprise now expands its regional footprint by offering in depth entry to a strong community of fogeys throughout 9 languages. BabyChakra targets to achieve 75 million mothers by the top of 2022.

BabyChakra has earmarked Rs 100 crores in constructing mom-baby content material to commerce platform over the subsequent 3 years. And by buying Tinystep, it goals to achieve 75 million moms.

The infant care merchandise market in India is poised to develop by $10 billion throughout 2021-2025, progressing at a compound annual progress price (CAGR) of over 14% throughout the forecast interval.

Meesho launches an built-in e-commerce app for consumers and sellers

Social commerce unicorn Meesho has launched an built-in e-commerce cellular app for each consumers and sellers. With the most recent model of the app, Meesho customers can now toggle between the 2 interfaces — purchaser and vendor, with a single click on.

Sellers, particularly, can anticipate an enhanced e-commerce expertise with entry to a number of options on the app that had been earlier current solely on the net variations, the corporate mentioned in an announcement. These embody order processing, cost monitoring, stock administration and vendor assist.

In the meantime, supporting options like importing footage of the product catalogs, creating and putting ads together with the whole entry to Meesho’s value and product advice instruments will likely be added to the app.

The unified app and its options will assist greater than 4 lakh sellers on the platform turn into profitable on-line, the agency added. “A major variety of Meesho sellers don’t have easy accessibility to desktops/laptops which had been earlier important for accessing all of the options accessible on our platform. To supply them with a extra seamless e-commerce expertise, we’ve got adopted a mobile-first strategy which is able to assist sellers handle their enterprise on the go together with minimal effort,” mentioned Kirti Varun Avasarala, Chief Product Officer, Meesho.

Asteria Aerospace launches drone software program platform SkyDeck

Jio Platforms’ subsidiary Asteria Aerospace, a drone producer and resolution supplier in India, has launched its drone operations platform SkyDeck.

SkyDeck is a cloud-based software program platform to ship a Drone-as-a-Service (DaaS) resolution for numerous trade verticals, resembling agriculture, surveying, industrial inspections, and surveillance and safety, in line with the corporate.

SkyDeck supplies a unified dashboard and providers for drone fleet administration, scheduling and executing drone flights, information processing, and visualisation and AI-based evaluation of aerial information captured utilizing drones.

Elaborating on the options of SkyDeck, the assertion mentioned the platform ensures operational transparency, improves collaboration between stakeholders and supplies safe and centralised administration for scaling drone programmes throughout a number of purposes.

“With the launch of SkyDeck, we’re addressing the necessity of the hour with built-in drone {hardware}, software program, and operations resolution. SkyDeck simplifies using drones to generate aerial information and turns that digital information into enterprise insights to energy drone purposes at scale,” mentioned Neel Mehta, co-founder and director, Asteria Aerospace.

Clear companions with 5Paisa to simplify the ITR submitting for merchants

SaaS-led fintech startup Clear has partnered with 5Paisa, a listed low cost dealer, to simplify earnings tax return submitting for the merchants.

Beneath this deal, the tax filers will be capable to instantly import the P&L information (equities, intraday, mutual funds, F&O derivatives, commodity derivatives, and forex derivatives) into Clear’s platform in a single click on.

GuardianLink launches NFT cricket sport

GuardianLink, an NFT ecosystem know-how framework, has introduced that it’s getting into the NFT gaming house by launching the world’s first play-to-earn cricket sport with Bounce.commerce.

As per the agency, this first-of-its-kind sport is community-driven and allows the gamers to monetize their time and efforts. The multiplayer sport is anticipated to garner the eye and patronage of NFT, gaming, and cricket fanatics from one of many world’s largest cricket fandom nations — India, in addition to, globally, the agency added.

The gamers can leverage NFTs in-game belongings to earn rewards, drive worth, and commerce. Within the long-term, the sport will introduce options that concentrate on participant possession, resembling NFT real-estate, customizable avatars, and a playable metaverse, amongst different issues that can excite the gaming and cricket followers. As well as, GuardianLink can also be working in direction of making a market the place customers can take part in drops and trades of worldwide and gaming NFTs.

Lately, GuardianLink bagged $12 million in Sequence A funding led by Kalaari Capital.

Uable launches ‘Creator Economic system Program’ for Gen Z

Uable, a teen social app, has introduced the launch of Gen Z Creator Economic system Program- Uable Future Creators (UFC). The initiative will onboard, groom and empower Gen-Z creators throughout classes like science, leisure, schooling, storytelling, artwork & design, music, gaming and comedian creations.

Via this app, younger creators can create a distinct segment for themselves, acquire a big following and earn as much as Rs. 1 lakh as part of this system. UFC already has onboarded 100+ creators to its program and goals to focus on 1,000 extra within the subsequent 12 months, the agency added.

As per a research by Kalaari Capital on creator economic system in 2021, solely round 150,000 skilled content material creators have been capable of monetize their providers successfully in India. This exhibits the huge potential that exists for Indian creators because the creator-economy matures within the nation. Via UFC, Uable goals to make it simpler for younger creators to supply related content material, earn and succeed on this extremely crowded trade.

GLOBAL TECHNOLOGY & STARTUP NEWS

Crypto investor Katie Haun raises $1.5Bn, the most important debut fund ever by a feminine VC: Report

Crypto investor Katie Haun has raised $1.5 billion for her new fund after leaving Andreessen Horowitz, and shattered a document within the course of.

Haun Ventures’ kickoff marks the most important debut enterprise fund ever raised by a solo feminine founding accomplice, in line with Pitchbook.

Former funding banker Mary Meeker held the prior document with a $1.3 billion fund after spinning out from Kleiner Perkins.

“It feels, truthfully, like a variety of stress. However I believe that motivates everybody on the crew,” Haun advised CNBC in her first broadcast interview since leaving Andreessen Horowitz. “Web3 is the brand new period of the web, and it deserves a brand new period of traders.”

Haun Ventures will spend money on each start-up fairness, and in some circumstances the cryptocurrencies issued by these startups, also called tokens. Haun’s fund will likely be divvied up into two segments: $500 million for early-stage corporations and protocols, and $1 billion for “acceleration,” or later-stage initiatives.

Haun, a former federal prosecutor, grew to become Andreessen’s first feminine normal accomplice in 2018 the place she co-led its a number of cryptocurrency funds alongside Chris Dixon. Andreessen Horowitz will likely be a restricted accomplice in Haun’s latest fund, whereas Marc Andreessen, the agency’s founder, and Dixon all personally contributed to her new endeavor.

Tencent posts slowest gross sales progress as regulatory scrutiny, slowing advert gross sales chew

Chinese language social media and gaming large Tencent posted an 8% rise in fourth-quarter income, its slowest progress since going public in 2004 that mirrored heightened regulatory scrutiny and a slowdown in promoting.

Tencent mentioned income rose to 144.2 billion yuan ($22.63 billion) within the quarter ended Dec. 31, beneath a median of 147.6 billion yuan from 17 analysts, Refinitiv information confirmed. Income for the total yr rose 16%, its slowest ever tempo as nicely.

A year-and-half-long crackdown by Beijing on tech giants resembling Tencent has introduced many years of unbridled progress to an finish and positioned them beneath new guidelines governing how they work together with their customers and the way they conduct mergers and acquisitions.

Tencent mentioned in an announcement it anticipated to learn from new sport launches when new sport monetization licenses are launched, including that it additionally expects its promoting enterprise to renew progress in late 2022.

Tencent mentioned on Wednesday its adjusted revenue for the December quarter fell by a fourth to 24.9 billion yuan as prices rose. It posted a 60% bounce in quarterly internet revenue, helped by one-off beneficial properties made by means of offers resembling its disposal of most of its stake in JD.com.

Amazon to open Turkey website with greater than $100M funding

Amazon will arrange a logistic base in Turkey to fulfill rising demand, with a greater than $100 million funding, as per Reuters.

It mentioned the ability will create greater than 1,000 jobs in its first yr, and can assist the home and export operations of the small- and mid-sized companies that promote merchandise on the positioning.

The Istanbul-based logistic centre will open within the autumn this yr, the e-commerce large added.

Chinese language regulators ask some US-listed corporations to arrange for audit disclosures, sources inform Reuters

Chinese language regulators have requested a few of the nation’s US-listed corporations, together with Alibaba, Baidu and JD.com, to arrange for extra audit disclosures, sources advised Reuters, as Beijing steps up efforts to make sure home corporations stay listed in New York.

This comes as China’s regulators are contemplating a proposal to permit their U.S. counterparts to examine audit working papers of some Chinese language corporations that don’t collect delicate information, two of the sources mentioned.

As a part of that transfer, the China Securities Regulatory Fee (CSRC) and different regulatory companies earlier this month summoned prime web corporations, together with search engine chief Baidu and e-commerce main JD.com, 4 sources advised Reuters.

Different web corporations summoned by the regulator included Alibaba Group and Weibo, two of the sources with direct information of the matter mentioned. E-retailer Pinduoduo and gaming agency NetEase additionally attended the assembly, one among them added.

They had been requested to arrange audit paperwork for the 2021 monetary yr maintaining in thoughts US regulators’ requests for extra disclosure, mentioned the sources, who declined to be named as they weren’t allowed to debate particulars of the assembly.

The businesses ought to higher search Chinese language regulators’ recommendation if they’re “unsure about something” throughout the entire course of the primary supply mentioned, which incorporates auditing and communications with US regulators.

Meta’s plans to construct Dutch information centre hit political glitch

The Dutch Senate has handed a movement calling on the federal government to “use its powers” to briefly block the development of Fb proprietor Meta’s deliberate large information centre within the Netherlands, Reuters reported.

In December, the city of Zeewolde, 50 km east of Amsterdam, accepted plans to construct the most important facility of its form within the Netherlands, from which Fb, Instagram and WhatsApp would serve customers throughout Europe.

The power, which is able to use 1.38 gigawatt hours (GWh) of electrical energy and covers 166 hectares (410 acres) of farmland, is anticipated to run on inexperienced power and create 400 everlasting jobs.

It has been opposed by some environmental campaigners who are not looking for the restricted provide of sustainable energy at present being generated within the nation for use by a multinational.

A majority of events within the Senate on Tuesday supported a proposal by which the federal government led by Prime Minister Mark Rutte was requested to halt the mission till a nationwide coverage on information centres has been developed.

The movement requested the federal government to delay development till it may be decided whether or not the info centre meets environmental laws and the as but undetermined nationwide coverage on the services.

“Bored Ape” NFT-startup Yuga Labs valued at $4Bn after funding

Yuga Labs, the corporate behind the “Bored Ape Yacht Membership” assortment of NFTs was valued at $4 billion after a $450 million funding spherical led by a16z crypto, Andreessen Horowitz’s crypto fund.

As per Reuters, Metaverse gaming firm Animoca and its subsidiary, The Sandbox, and crypto trade FTX had been additionally among the many traders that participated within the newest spherical.

Uber goals to service Mexico Metropolis’s distant new airport in ‘close to future’

Uber is working with Mexican authorities to carry service to and from the capital’s latest airport, which formally opened Monday with just some flights and missing key transportation to the infamously traffic-plagued megacity.

The ride-hailing large’s Mexican unit mentioned in an announcement to Reuters that it hopes to supply service “within the close to future” to the Felipe Angeles Worldwide Airport, roughly 45 km (28 miles) north of Mexico Metropolis’s long-standing worldwide hub.

The airport is the primary of Mexican President Andres Manuel Lopez Obrador’s signature infrastructure initiatives to be accomplished, three years after he scrapped a $13-billion, partially constructed airport that he argued was riddled with the earlier administration’s corruption.

Dancing Musk palms drivers first Teslas from new German gigafactory

Elon Musk was cheered as he oversaw the handover of Tesla’s first German-made vehicles at its Gruenheide plant on Tuesday, marking the beginning of the US automaker’s inaugural European hub simply two years after it was first introduced, Reuters reported.

Loud music performed as 30 shoppers and their households obtained a primary glimpse of their shining new autos by means of a glitzy, neon-lit Tesla branded tunnel, clapping and cheering as Tesla Chief Government Musk danced and joked with followers.

“It is a nice day for the manufacturing facility,” Musk mentioned, describing it as “one other step within the course of a sustainable future”.

Musk mentioned that Tesla is prone to launch a take a look at model of its new “Full Self-Driving” software program in Europe, probably subsequent yr relying on regulatory approval.

“It is fairly tough to do full self-driving in Europe,” he advised manufacturing facility staff on Tuesday, saying a lot work must be performed to deal with difficult driving conditions in Europe the place roads fluctuate rather a lot by nation.



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