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Accenture Survey Says Shopping on Social Media Platforms Expected to Reach $1.2 Trillion Globally by 2025

4Jan By PriyankaNo Comments

ANALYSIS

Accenture Survey Says Shopping on Social Media Platforms Expected to Reach $1.2 Trillion Globally by 2025

NEW YORK, January 04, 2022-- A new study by Accenture (NYSE:ACN) found that the $492 billion global social commerce industry is expected to grow three times as fast as traditional ecommerce to $1.2 trillion by 2025. Growth is predicted to be driven primarily by Gen Z and Millennial social media users, accounting for 62% of global social commerce spend by 2025. According to Accenture’s report, “Why Shopping’s Set for a Social Revolution,” social commerce means a person’s entire shopping experience from product discovery to the check-out process takes place on a social media platform. Just under two thirds (64%) of social media users surveyed said they made a social commerce purchase in the last year, which Accenture estimates to reflect nearly 2 billion social buyers globally. “The p...

Facebook changes its name and what it means for our future

25Nov By PriyankaNo Comments

News

Facebook changes its name and what it means for our future

California, 24th Nov 2021: Facebook Inc. is now officially named Meta Platforms Inc., or simply: Meta. The company owned by Mark Zuckerberg is undergoing a rebrand that will shift the core business of the social media giant into a new realm that will begin to develop an industry forged in the concept of the Metaverse. The Metaverse is a relatively new concept that’s beginning to gain momentum in the technological and innovational agendas. The metaverse refers to the digital and virtual environments that are ever-present in our daily activities that involve entertainment, work, or even dating. When you log in to your gaming console to play GTA Online, you’re entering the metaverse. When you join a Teams meeting, you’re also making use of the metaverse, and when you chat online thru d...

Hamster Garage acquires YC-backed Swipehouse

13Oct By PriyankaNo Comments

ACQUISITION

Hamster Garage acquires YC-backed Swipehouse

CHICAGO, Oct. 12, 2021-- Hamster Garage, a leading partnerships and affiliate marketing agency has acquired Swipehouse, an influencer marketplace connecting brands and creators. Swipehouse allows influencers and brands to seamlessly match and scale marketing campaigns across a network of thousands of vetted influencers with a combined reach of over 1 billion followers and hundreds of companies. As the marketing landscape continues to evolve with rising costs, privacy concerns and a need to diversify channels, brands want to grow their influencer marketing efforts. Initially built as a social app for creators, Swipehouse has a deals feature that allows influencers to apply to promote brands. Brands can receive submissions, approve or deny applicants, message creators, receive and ap...

25Sep By PriyankaNo Comments

BUSINESS

Fast Loan Options For Your Small Business

Cash flow problems are a common and dangerous threat for many small business owners. But even if they’re able to maintain a reliable cash flow, it is still not always sufficient enough to put all their plans into action. In most cases, they would need some form of financing to cover unexpected expenses or help expand their business. Banks are the traditional provider of business loans. But while they’re a good option to keep loan costs down, it can take months to get your money, plus they usually won’t lend to small businesses. If your small business is in a financial shortfall and needs financing as soon as possible, here are some fast loan options that are worth considering. Business Cash Advance Loans Business cash advance loans are an advance on your busine...

Ola Sold Electric Scooters Close to $100 Million on a First day

16Sep By PriyankaNo Comments

Automobile

Ola Sold Electric Scooters Close to $100 Million on a First day

Bengaluru, India, 16th Sept 2021: India's leading cab service provider Ola said its electric vehicle subsidiary Ola Electric sold scooters worth close to $100 million on the first day of the sale of its model S1. Ola Electric had on Wednesday commenced the sale process of its electric scooter, which comes in two trims Ola S1 and S1. "India is committing to EVs and rejecting petrol! We sold 4 scooters/sec at peak & sold scooters worth 600Cr+ in a day! Today is the last day, purchase will shut at midnight," said Ola co-founder Bhavish Aggarwal in a tweet.In the blog, he wrote Noting that the company had sold scooters worth over Rs 600 crore in 24 hours, Aggarwal said: "That's more, in value terms than what the entire 2W industry sells in a day! Make no mistake, the age of EVs is h...

14Sep By PriyankaNo Comments

ACQUISITION

Intuit acquired Email Marketing Platform Mailchimp for $12 billion

MOUNTAIN VIEW, Calif., 14th Sept 2021-- Intuit (Nasdaq: INTU), the global technology platform has agreed to acquire Mailchimp, a leading email marketing platform for approximately $12 billion in cash and stock deal. After this acquisition Intuit's planning to become an AI-driven marketing platform using the center of small business growth; and to disrupt the small business mid-market. Mailchimp brings to Intuit technology at scale along with global customer reach. Founded in Atlanta, GA in 2001, Mailchimp began by offering email marketing solutions and evolved into a global leader in customer engagement and marketing automation fueled by a powerful, cutting-edge AI-driven technology stack. Global customer reach with 13 million total users globally, 2.4 million monthly activ...

Plant-Based Food Company TMRW Foods Raises $2.6 Million

26Aug By PriyankaNo Comments

FUNDING

Plant-Based Food Company TMRW Foods Raises $2.6 Million

VANCOUVER, BC, Aug. 25, 2021-- TMRW Foods, the growing Canadian plant-based food innovation company, announced a seed round investment of $2.6 million. Investors for this fundraising round include Greg Blake (Daiya co-founder), Richard Cooperstein (CEO & Senior Managing Partner of Media Investment Group, former Senior Executive at Disney's Worldwide Television Group, Paramount Pictures & Facebook), Eric Patel (Director at Fresh Prep, former Director at Smart Sweets, former Board Chairman at Daiya), and the Milne Group (owners of Virtuous Pie, Mila and Harken Coffee), who have increased their stake in the company. TMRW's mission is to redefine protein for the masses by creating protein with more flavour, nutrients and variety than any protein availabl...

25Aug By PriyankaNo Comments

INDIA

India needs 2 Million Cloud Engineers by 2025

India has the potential to become the world's second-largest cloud talent hub with the combined effort of government bodies, education and skilling organizations, and technology providers, IT industry body Nasscom said on Monday. Nasscom, in association with Draup, said in a report that India currently ranks third globally with an installed talent pool of 608,000 (FY2021) cloud professionals. "By 2025, India would have an estimated 1.4-1.5 million cloud professionals (baseline growth). However, with an estimated demand for over 2 million professionals by 2025, India could reach 1.7-1.8 million cloud talent pool with a fairly aggressive skilling roadmap," the report titled 'Cloud Skills: Powering India's Digital DNA' said. Tata Consultancy Services (TCS) and Accenture were strateg...

25Aug By PriyankaNo Comments

FUNDING

Former Amazon Alexa Employee Launched Level AI with $15 Million in Funding

MOUNTAIN VIEW, Calif., 25TH Aug 2021-- Level AI a company founded by former Amazon Alexa product leader Ashish Nagar launched to modernize customer service using conversational artificial intelligence to uniquely help organizations work with customers to solve any issues in real-time and elevate the customer’s overall experience. The Level AI platform debuts amid a COVID-driven surge in customer-service call volumes and as enterprise contact centers shift to the cloud. With strong early demand for its cloud-based solution, Level AI is already working with more than 30 brands through its enterprise partners. Level AI also announced the close of $13 million in Series A funding in conjunction with its launch, bringing its total funding to date to $15 million. The round was led by t...

24Aug By PriyankaNo Comments

INDIA

India beats Pandemic, created 53 Unicorns in 2021

Indian startups received about $6.5 billion in funding in the April-June 2021 quarter, while 11 of them entered the coveted unicorn club, a report by Nasscom-PGA Labs said. During the second quarter, 160 funding deals were closed up 2% from the January-March period. "Q2 2021 has been impeccable for the start-up growth story. From being the most funded quarter, it has also added the most number of unicorns. Standing tall during the pandemic second wave headwinds, the Indian start-up ecosystem has shown strong resilience in this quarter," the report said. Funding raised in the June quarter was at $6.5 billion, up by 71% quarter-on-quarter. The biggest deal during the quarter was the $ 800 million fundraisings by food delivery platform Swiggy, followed by ShareChat ($502 million)...

Spotify Announces Stock Buyback up to $1 billion value

20Aug By PriyankaNo Comments

Market

Spotify Announces Stock Buyback up to $1 billion value

NEW YORK, 20th Aug 2021-- Online music streaming platform Spotify Technology S.A. (NYSE: SPOT) announced that it will commence a stock repurchase program beginning in the third quarter of 2021. Repurchases of up to 10,000,000 of the Company’s ordinary shares have been authorized by the Company’s general meeting of shareholders, and the Board of Directors approved such repurchases up to the amount of $1.0 billion. The authorization to repurchase will expire on April 21, 2026. The timing and actual number of shares repurchased will depend on a variety of factors, including price, general business and market conditions, and alternative investment opportunities. The repurchase program will be executed consistent with the Company’s capital allocation strategy, which will continue to pr...

10Aug By PriyankaNo Comments

ANALYSIS

How much Tokyo Olympics Cost to Japan

In the latest study by the University of Oxford says the official price tag for the Tokyo Olympics is USD 15.4 billion, which is the most expensive on record. All but USD 6.7 billion comes from public money from Japanese taxpayers. According to the latest budget, the IOC's contribution is USD 1.3 billion. It also chipped in several hundred million more after the pandemic. The study found that all Games since 1960 have had cost overruns averaging 172%. Tokyo's cost overrun is 111% or 244% depending on which cost figure you select. Several Japanese government audits say the real outlay for the Tokyo Games is even more than the official figure, perhaps twice as much. "The IOC and host cities have no interest in tracking costs because tracking tends to reveal cost overruns, which hav...