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Tech's 'big tobacco' moment; Licious joins unicorn club It's been a miserable few days for Mark Zuckerberg. A day after a faulty configuration change knocked Facebook, WhatsApp and Instagram offline for almost six hours, a former employee turned whistleblower testified before a US senate committee, accusing the company of making "destructive choices".Also in this letter:Licious
The company said it will use the funds to develop ecommerce technology, build chatbots for selling on various platforms with public profiles like Pinterest, YouTube, Threads as well as streamline the supply chain to help people set up and expand their own Instagram stores.
Mamaearth is in talks to raise around $120-150 million in a pre-IPO funding round, while WestBridge Capital has acquired FundsIndia.
Lack of industry-relevant curriculum, practical experience and employment centric education has become even more prominent in the semi-urban, rural parts of India. Sunstone was envisioned to bridge this gap, says Sunstone Eduversity co-founder and CEO Ashish Munjal in an exclusive interview with Reshmi AR. When did you hit upon this winning idea?
Last Dec, Keka raised $1.6m through the revenue-based financing route from Recur.club.