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Industries that have Grown in the Past Year

27Oct By AnkitaNo Comments

BUSINESS

Industries that have Grown in the Past Year

Businesses have been struggling and some will continue to struggle even after the pandemic is over. It is clear that businesses that rely on physical presence didn’t have a great time during this crisis, but there are companies and general sectors that are actually doing better and will continue to boom after the crisis. Online businesses, on the other hand, weren’t hit as hard, in fact, some are doing a lot better. It was pretty clear that the future is online, but it seems that it is even clearer now. Let’s have a look at some of the businesses and sectors that will keep on growing in the upcoming years. Entertainment Entertainment is one area which has in part moved online since the internet became a thing. The scope of entertainment activities that are available online ha...

Linktree Raises $10.7 Million Series A Led by Insight Partners and AirTree Ventures

26Oct By PriyankaNo Comments

FUNDING

Linktree Raises $10.7 Million Series A Led by Insight Partners and AirTree Ventures

LOS ANGELES, 26th Oct 2020-- Linktree, the trusted tech platform that connects audiences to a user’s entire online ecosystem, has raised $10.7 million in Series A funding, led by Insight Partners, an investor in Shopify, and AirTree Ventures, an early investor in Canva. The funding will accelerate Linktree’s expansion in international markets, including global team growth, and the evolution of Linktree’s product and functionality in new ways to deliver valuable user experiences. Linktree allows anyone from big brands to solopreneurs, celebrities to everyday content creators to build a microsite that houses their digital ecosystem, making it easier than ever to connect with their audiences wherever they are. In the same way Shopify and Stripe simplify the internet economy for eCommer...

Didi Chuxing considers going public in 2021; targets $60-bn valuation

21Oct By reutersNo Comments

Market

Didi Chuxing considers going public in 2021; targets $60-bn valuation

Hongkong, 21st Oct 2020: China's top ride-hailing firm Didi Chuxing is considering Hong Kong for a multibillion-dollar initial public offering (IPO) next year, people with knowledge of the matter said, rethinking previous aims to list in New York amid rising Sino-US tension. Didi, backed by technology investment giants SoftBank , Alibaba, and Tencent, has started initial talks with investment banks for the long-awaited IPO, according to three people. The people spoke on condition of anonymity as the information, including the identity of the banks, was private. The people said the Beijing-based company is targeting a valuation of more than $60 billion by the time of launching the IPO, expected as soon as in the first half of 2021. Founded eight years ago, Didi has begun generating h...

China’s largest pet-focused platform Boqii launches IPO in US

25Sep By PriyankaNo Comments

Market

China’s largest pet-focused platform Boqii launches IPO in US

SHENZHEN, China, Sept. 25, 2020-- China's largest pet-focused platform Boqii (BQ.US) launched an initial public offering (IPO) of $77 million in the US. With the IPO, Boqii plans to offer 7 million shares for USD $10-$12 each. Boqii will become the first US-listed company in the Chinese pet industry. According to data from US-based business consulting firm Frost & Sullivan, Boqii is the largest pet-focused platform in China in terms of revenue and number of customers, the largest pet-focused online community in the country in terms of registered users, and the largest pet-focused online retailer in the country in terms of gross merchandise value (GMV). Boqii was established in Shanghai in 2008 as a community designed to provide a vertically integrated social platform for pet own...

Unacademy Raises $150 Million at $1.5 Billion Valuation

3Sep By PriyankaNo Comments

FUNDING

Unacademy Raises $150 Million at $1.5 Billion Valuation

India based Edtech firm Unacademy raises $150 million in funding led by Softbank Vision Fund 2 along with participation from existing investors including Facebook. The fresh fund infusion values Unacademy at $1.5 billion, Unacademy co-founder Gaurav Munjal told Pixr8 News. "Unacademy plans to utilise the funds to launch new products and build a world-class team and organisation. We have recently launched a chess course where Viswanathan Anand (Indian chess grandmaster) gives training. We will innovate and launch programs in several new categories," Munjal said. General Atlantic, Sequoia Capital, Nexus Venture Partners, Facebook, and Blume Ventures also participated in the round, the company said in a statement. Unacademy saw close to three-fold jump in its valuation in the lat...

How to Prepare for Online classes in Covid19

24Aug By AdityaNo Comments

BLOGS

How to Prepare for Online classes in Covid19

During Covid19, Online classes have become the most popular segment and all edtech platforms in the world looking to catch this booming space. But for parents and children, it has become more important to know how to navigate an online environment. Online courses allow students to learn whenever, wherever, and however works best for them. They can also present unique challenges. Pixr8 News put together some strategies for success to help ensure students get the most value out of their online classes. Set Goals Students need to have a passion and drive for their chosen area of study. Remind yourself why you chose this field of study. Passion can help maintain discipline with deadlines. Set realistic attainable goals both long and short term. Goals should be specific and measu...

After Covid19 Warehouse Demand May Rise in Cities

10Aug By AdityaNo Comments

ANALYSIS

After Covid19 Warehouse Demand May Rise in Cities

The demand for small warehouses within city limits is expected to rise over the next one year as e-commerce firms are targeting to ensure same-day deliveries of food and grocery items to customers, according to a report. The demand is likely to be for warehousing of 5000-10,000 sq ft size, property consultant Colliers International said. “E-commerce companies are focussing on same-day delivery with the pandemic-influenced lockdowns placing greater dependency on e-commerce for food and grocery items,” the report said. The consultant said that e-commerce companies are now trying to stock a larger proportion of inventory closer to their customers’ locations for efficiency and to improve the quality of products upon delivery. “Over the next 12 months, we believe in-city warehouses...

Byju’s acquires WhiteHat Jr for $300 million

6Aug By AdityaNo Comments

ACQUISITION

Byju’s acquires WhiteHat Jr for $300 million

Bengaluru: Facebook backed ed-tech platform Byju's has acquired Mumbai based kids coding platform WhiteHat Jr for $300 million. This is the biggest all cash acquisition deal in Byju's history. After this acquisition, WhiteHat Jr. Founder Karan Bajaj will continue to lead and scale this business in India and the US. Acquisition of WhiteJr will help Byju's to expand its base to cater to demand from new markets. Founded in November 2018, WhiteHat Jr. helps kids aged 6 to 14 years build commercial-ready games, animations and apps online using the fundamentals of coding. “We started WhiteHat Jr. to make kids creators instead of consumers of technology,” said Karan Bajaj, Founder, WhiteHat Jr. “WhiteHat Jr is the leader in the live online coding space. Karan has proven his met...

23Jul By Press Trust of IndiaNo Comments

INDIA

Flipkart acquires Walmart India, to launch Flipkart Wholesale for B2B segment in August

Bengaluru, 23rd July 2020: Flipkart announced the acquisition of Walmart India for an undisclosed amount, and said it will launch ‘Flipkart Wholesale’ next month, as the homegrown e-commerce major looks to tap into the USD 650 billion B2B retail markets in India. Walmart India runs 28 Best Price wholesale stores in the country. The announcement comes a week after Flipkart had said it had raised USD 1.2 billion in funding from a Walmart-led investor group. In 2018, Walmart Inc had invested USD 16 billion for acquiring 77 percent stake in the group. Flipkart Wholesale is a new digital marketplace focusing on addressing the business-to-business (B2B) segment in India. “This marketplace is going to effectively link sellers and manufacturers on one end and kiranas and micro, small ...

Adevinta Acquired eBay Ad Classifieds business for $9.2 billion

23Jul By AdityaNo Comments

ACQUISITION

Adevinta Acquired eBay Ad Classifieds business for $9.2 billion

SAN JOSE, Calif., July 23, 2020-- Adevinta acquire eCommerce company eBay's classified ad business for $9.2 billion in a cash and stock deal. As part of the transaction, eBay will receive $2.5 billion in cash and approximately 540 million Adevinta shares which would represent an equity stake of approximately 44% based on the number of Adevinta's outstanding shares, as of the end of the second quarter, and a ~33.3% voting stake. This sale creates short-term and long-term value for shareholders and customers while allowing us to participate in the future potential of the Classifieds business. Adevinta is a global online classifieds specialist, currently operating in 15 countries, with a portfolio that spans 35 digital products and websites. eBay's Classifieds platforms include a c...

22Jul By AdityaNo Comments

Tech

5 Ways IoT Technology Is Revolutionizing Supply Chain Management

The Internet of Things (IoT) is a fast-growing network of gadgets and devices that can connect to the internet wirelessly. These devices are already changing daily life in ways both obvious and more subtle. Plenty of people already have their homes full of IoT devices smart lights, wireless security cameras, smart home devices, smart thermostats, and so forth but the real innovations are happening in the industry. Shipping, logistics, and supply chain management are already feeling the benefits of implementing IoT to track shipments, pinpoint the causes of shipping damage, and prevent damage to cargo. In everything from tracking delivery speed to monitoring conditions during shipping and storing, streamlining warehousing, and more, IoT tech is changing the way supply chains are manage...

21Jul By AdityaNo Comments

BLOGS

How to design a sports website

Amidst this pandemic, it is no doubt that sports websites are becoming more and more popular and trendy because they have altered themselves to provide home-oriented content. But what separates a good sports website from a great sports website like SBOBET-365? An obvious distinguishing factor is user interaction. A significant part of how people interact with your website is predetermined by your web design. Not only this, but your web design also plays a massive role in your marketing strategy and ROI. The first thing you need to do is to find a hosting platform and a website builder. Some of the famous ones are Wordpress.com, Wix, etc. There are quite a lot of preloaded usable templates on these platforms, so you can customize, or build a new one from scratch. You then arrive at the ...