Others

Arkam Ventures targets $180 million to tap ‘middle India’ opportunity with second fund

June 27, 2023

Arkam Ventures is courting its second fund, aiming for $180 million, nearly doubling the size of its maiden fund, as the Indian venture capital firm gears up to double down on the expanding ‘middle India’ opportunity. The firm’s partners said in an interview that they are hopeful to retain support from high-profile international institutional investors […]

Arkam Ventures targets $180 million to tap ‘middle India’ opportunity with second fund by Manish Singh originally published on TechCrunch

Decentralized social networking app Damus to be removed from App Store, will appeal decision

June 26, 2023

Damus, a decentralized social networking app backed by Twitter co-founder Jack Dorsey, will be removed from the App Store due to Apple’s strict payment rules. Apple had threatened to remove Damus earlier this month over the app’s tips feature, claiming that it could be used by content creators to sell digital content on the platform. […]

Decentralized social networking app Damus to be removed from App Store, will appeal decision by Aisha Malik originally published on TechCrunch

Unicorn social app IRL to shut down after admitting 95% of its users were fake

June 26, 2023

Ironically, the social app IRL‘s users do not exist in real life. An internal investigation by IRL’s board of directors found that 95% of the app’s reported 20 million users were “automated or from bots,” The Information first reported. So, after raising more than $200 million in venture capital, IRL is shutting down. IRL was […]

Unicorn social app IRL to shut down after admitting 95% of its users were fake by Amanda Silberling originally published on TechCrunch