Startups and Tech

Regulating Facebook won’t prevent data breaches

What happened with Cambridge Analytica was a wild violation of academic research ethics.

After two-year hiring freeze, Flipkart opens up 700 new job vacancies

Over 4/5th of all current open positions at Flipkart are for technology functions.

Shopclues lays off 45-50 employees across business verticals

A company spokesperson has said that the layoffs were based on individual performance and have impacted less than 4% of the total workforce.

Paytm bets on lending, seeks RBI license to become peer-to-peer lending platform

Paytm reportedly wants to leverage its 7 million offline merchant base and is already giving out small-value short-term loans to them.

Oyo looking to raise fresh funding of up to $800 million

Once the funding happens, Oyo is likely to join the Unicorn club with its valuation rising above $1 billion.

Swiggy partners with PhonePe to allow UPI payments on the app

PhonePe is currently available only on Swiggy’s Android app and will be launched on the Swiggy website, m-site and iOS app in a few weeks.

Flipkart to set up large hub in Kolkata as it revamps its logistics strategy

Flipkart will invest around Rs 600 crore to set up an 80-acre warehouse in Kolkata.

Supreme Court dismisses Stayzilla’s appeal against insolvency, co to continue under IBC

In September 2017, the National Company Law Tribunal (NCLT) Chennai ordered Stayzilla to become insolvent and pay the outstanding dues to JigSaw.

Samsung Galaxy Note 9 specs leaked: To sport 6GB RAM, 4000mAh battery and Android 8.1

The launch is likely to happen in August and could be priced between $900-1000.

Funding through cryptocurrency: Why Indian startups are taking the ICO route to raise money

An ICO not only facilitates going directly to a consumer but also lets you raise funds from those who want to take the risk and participate in new ideas.