Others

India’s KreditBee raises $80 million from Azim Premji’s Premji Invest, Motilal Oswal Alternates, among others

December 2, 2022

The digital loans business in India has been the subject of a lot of controversy, not least for over-predatory and un-transparent practices, yet that’s existed alongside the rise of a handful of startups that hoping to apply tech to build products that are clearly understood and fill a need in the market for quick, short-term […]

India’s KreditBee raises $80 million from Azim Premji’s Premji Invest, Motilal Oswal Alternates, among others by Jagmeet Singh originally published on TechCrunch

India won’t enforce market share cap on UPI until 2025 in a win for Google and Walmart

December 2, 2022

India won’t enforce a cap on the market share for players operating on the homegrown payments network until December 31, 2024 in a surprising move that analysts say is a major a win for Google Pay and Walmart’s PhonePe. The National Payments Corporation of India, the payments body that oversees the Unified Payments Interface payments […]

India won’t enforce market share cap on UPI until 2025 in a win for Google and Walmart by Manish Singh originally published on TechCrunch

LineupSupply updates its app to generate Instafest-styled posters via your Spotify

December 2, 2022

In the last week or so, a web app named Instafest went viral. Instafest lets you generate festival posters from your Spotify listening history. Millions of people started generating their own festival posters before the official Spotify Wrapped dropped earlier in the week. In order to take advantage of the trend, the LineupSupply app — […]

LineupSupply updates its app to generate Instafest-styled posters via your Spotify by Ivan Mehta originally published on TechCrunch

Shein jumps on the third-party brandwagon with Alibaba veteran

December 2, 2022

Shein, the ultra-fast fashion giant that’s taken the globe by storm, has brought on another heavyweight executive to help steer its ship. It lately onboarded Jessica Liu, former co-president at the Southeast Asian ecommerce giant Lazada, as its vice president of global brand operations. Liu will be responsible for “global brand partnerships,” according to Shein’s […]

Shein jumps on the third-party brandwagon with Alibaba veteran by Rita Liao originally published on TechCrunch

Twitter-backed ShareChat to shut down fantasy sports app Jeet11, eliminate some jobs

December 2, 2022

Indian social media startup ShareChat, backed by Twitter, Tiger Global and Temasek, is shutting down its fantasy sports platform Jeet11 and has laid off some employees. People familiar with the matter told TechCrunch that the startup sent an email to its affected employees last month. The platform was operational at the time of writing. ShareChat […]

Twitter-backed ShareChat to shut down fantasy sports app Jeet11, eliminate some jobs by Jagmeet Singh originally published on TechCrunch

Mozilla acquires Active Replica to build on its metaverse vision

December 2, 2022

An automated status updater for Slack isn’t the only thing Mozilla acquired this week. On Wednesday, the company announced that it snatched up Active Replica, a Vancouver-based startup developing a “web-based metaverse.” According to Mozilla SVP Imo Udom, Active Replica will support Mozilla’s ongoing work with Hubs, the latter’s VR chatroom service and open source […]

Mozilla acquires Active Replica to build on its metaverse vision by Kyle Wiggers originally published on TechCrunch

Elon Musk suspends Kanye West’s account for breaking Twitter rules

December 2, 2022

Elon Musk has suspended Kanye West’s (aka Ye) Twitter account after the latter posted anti-semantic tweets and violated the platform’s rules. Just clarifying that his account is being suspended for incitement to violence, not an unflattering pic of me being hosed by Ari. Frankly, I found those pics to be helpful motivation to lose weight! […]

Elon Musk suspends Kanye West’s account for breaking Twitter rules by Ivan Mehta originally published on TechCrunch