Monday, November 18

Tag: Google

News of the Day: Funding News Of The Week (18th-23rd June)
FUNDING

News of the Day: Funding News Of The Week (18th-23rd June)

This week was quite eventful in terms of funding activities. Few of the well-known firms raised a substantial amount of funds from different investors. So, here you can have a glimpse of the major funding activities that took place this week starting from 18th June 2018 to 23rd June 2018. The recap of funding for the week is as follows: 1) Swiggy Food Delivery Platform Swiggy sealed its much awaited $210 million funding with Russian billionaire Yuri Milner’s’ DST Global thereby finally making entry into the prestigious “Unicorn” club. The total capital of the company crossed $466 million followed by this round. Swiggy will be using the freshly raised capital in revamping its supply chain network and expanding to new markets. With an expected market valuation of $1.2 billion, ...
Youtube Brings a ‘New Way to Earn’ for Creators
Tech

Youtube Brings a ‘New Way to Earn’ for Creators

World's largest video repository, Youtube has announced to allow creators to set up paid channel memberships, a move helping itself and its users diversify revenue after a turbulent year. Presently, the vast majority of revenue at Google's owned service comes from advertising and it will remain a focus informed Neal Mohan, YouTube's chief products officer. Viewers will have to pay US $4.99 a month for channel membership that will allow them to access premium content including live streams, extra videos or shout-outs on channels with more than 100,000 subscribers. In addition, video creators will be able to sell merchandise like phone cases, shirts, directly on their channels said the company. Rohit Dhawan, senior director of product management at YouTube said, YouTube is keeping ...
Google Brings In Offline Mode For Chrome On Android
Tech

Google Brings In Offline Mode For Chrome On Android

The biggest search engine Google has announced the introduction of Google Chrome offline mode for the Android users. The company had launched Chrome with the idea of "everyone, everywhere" and now with this new feature, it is becoming stronger. Further, Google stated that the users who are signed into their account on Chrome can also access admissible content on the basis of their browser history. This downloaded content can then be accessed and will be available at any point in time, even without internet connection. "Today, we're introducing another way for Chrome on Android users in India, along with more than 100 countries including Nigeria, Indonesia, and Brazil, to surf the web with Chrome on Android devices - even without a constant internet connection. When you're connected to ...
Google News Training Network to Train 8000 Journalists in India
News

Google News Training Network to Train 8000 Journalists in India

At a time when data breach and proliferation of fake news is widespread, Google has announced News Initiative Training in India in partnership with DataLeads, BoomLive and Internews. Under this initiative, Google News Training Network will select 200 journalists from cities across India who will be given five-day training in boot camps that will be organised in English and six other languages. The programme is meant to equip journalist with best skills that can guard them against falling prey to false news. Irene Jay Liu, Google News Lab Lead, Asia-Pacific said, Supporting trusted, authoritative media sources is a top priority for Google, which is why we are proud to collaborate with Internews, DataLeads and BoomLive to support journalists in their fight against misinformation in In...
Ed Tech Platform Unacademy Eyeing To Raise $30 Mn
FUNDING

Ed Tech Platform Unacademy Eyeing To Raise $30 Mn

Unacademy, the popular online learning technology platform is gearing up towards raising a series-C funding round of $25-30 million led by Sequoia Capital along with another clutch of investors. The investment round will bring company's valuation close to around $100 million. Pixr8 had earlier reported Unacademy raising an INR 75 crores Series B round in September 2017 led by Sequoia Capital and Saif Partners along with Nexus Venture Partners and Blume Ventures. The Bengaluru-based startup is now India’s largest educational platform, helped over 300,000 students prepare to crack competitive examinations through over 2,400 online lessons, and specialized courses. It has an impressive board of educators on board ranging from influencers like Dr Kiran Bedi to teachers in smaller town...
Google to Invest $500 Million in Chinese E-commerce Giant
FUNDING

Google to Invest $500 Million in Chinese E-commerce Giant

The biggest multinational tech company Google announced on Monday that it will invest an amount of $500 million in Chinese second largest e-commerce platform called JD.com. Both the companies have mentioned this funding as an association that will help in the promotion of JD.com products on Google’s shopping service. In return for the funds, Google will receive more than 27 million newly issued Class A ordinary shares of JD.com at an issue price of $20.29 per share. This would also be helpful for the Chinese company to expand its existence beyond China and Southeast Asia to other markets in the US and Europe. "This partnership with Google opens up a broad range of possibilities to offer a superior retail experience to consumers throughout the world," stated Jianwen Liao, JD.com's chief...
Amazon Cuts Down The Price Of Its Echo Devices Yet Again
Tech

Amazon Cuts Down The Price Of Its Echo Devices Yet Again

Amazon has brought in a modification in the prices of its echo devices in India namely Amazon Echo Dot and Amazon Echo smart speakers. The prices of both the devices have been pulled down to a great extent. The Echo Dot is now being sold at a price of Rs 4,099 which was earlier being sold for Rs 4,499 in the market. On the other hand, the Echo is now available at Rs 8,999 which earlier was being sold at a price of Rs 9,999. The Echo has received a price cut of Rs 1,000 while Echo Dot has received a price cut of Rs 400 that has made it the most affordable and reliable Echo device. This has been the second discount offered to the customers in less than two months of the launch of the product. These devices are perfect for those who do not want to spend a lot and still have a need to ow...
Google’s Investment Firm leads $22 Mn Funding in Aye Finance
FUNDING

Google’s Investment Firm leads $22 Mn Funding in Aye Finance

Capital G, the growing arm of Google's parent company Alphabet has led a $22 million (Rs 147 crore) funding round in a microlending platform Aye Finance, a move that marks company first bet in the Indian financial sector. The Series C funding round witnessed participation from investors such as LGT and SAIF partners. The is the first equity funding for the Gurugram based Aye Finance which has so far raised Rs 200 crore from venture capital firms, while an additional Rs. 500 crore from debt and equity firms. Aye Finance that claims to be the first fintech company to raise capital from CapitalG competes with Lendingkart, InCred, Capital Float, Indifi Technologies, and many others. Aye Finance will be utilising the funds to strengthen its business operations and technology. It is als...
Google Steps Back from Continuing the Military AI Project
USA

Google Steps Back from Continuing the Military AI Project

The Google employees have lately discovered that the most popular multinational technology company will withdraw from a contract to assist the military in making use of Artificial Intelligence (AI) to examine drone videos, followed with a disapproval by the workers. On Friday, An executive from Google's cloud team proclaimed and told the employees that the company would not attempt or desire to renew the disputable deal after it expires next year. When the company came across the fact that the military was associated with the US Department of Defence, it thrived the feeling of rebellion inside the internet titan. An internally drawn request or petition appealing for the authority of Google to remain away from the "business of war" gathered end number of signatures, however, some work...
Former SoftBank COO Nikesh Arora Appointed as the CEO of Palo Alto
News

Former SoftBank COO Nikesh Arora Appointed as the CEO of Palo Alto

Nikesh Arora, an Indian businessman who was the president and COO of SoftBank Group, has now been appointed as the CEO and chairman of 'Palo Alto Networks', the global cybersecurity leader. Arora has replaced Mark McLaughlin who has been the head for nearly seven years and has played a major role in its difficult stage of growth. The past CEO will now become the board's vice chairman. He said he wanted to step down as CEO so that he could spend more time with his family. McLaughlin, in this context, expressed,"Over the course of several quarters, I have been discussing succession planning with the Board and I couldn't be more pleased that we have found a leader in Nikesh." Nikesh Arora has worked with SoftBank as well as with Google. He served at SoftBank from 2014 until 2016, when he...
Google Launches an Indian Q&A App Neighbourly
Tech

Google Launches an Indian Q&A App Neighbourly

The American technology company Google is lately focusing on India quite a lot. The technology giant has just instigated an all-new Q&A app in beta known as 'Neighbourly' (targeted at neighborhood communities) which will resolve the queries related to places and events in your community. The Android application will enable the users to ask questions to their neighbors through text or by voice and find well-grounded and admissible answers. The people can share local expert skill or knowledge, and keep updates from the neighborhood.In a blog, Caesar Sengupta, VP of Next Billion Users Team, said, "People nearby often have the exact information you need, but they are too busy these days to stop and chat on the street or in the park. And group chats keep getting bigger and noisier - and oft...