million

India fines Meta $25.4 million over WhatsApp privacy policy

by

[ad_1] India’s competition watchdog has fined Meta $25.4 million for antitrust violations related to WhatsApp’s controversial 2021 privacy policy. The Competition Commission of India also issued cease-and-desist orders against Meta and its messaging subsidiary WhatsApp, alongside mandating behavioral remedies. The ruling follows the regulator’s 2021 investigation into WhatsApp’s “take-it-or-leave-it” privacy terms, which sparked concerns over … Read more

India’s HealthKart valued at $500 million in new investment

by

[ad_1] Indian omni-channel nutrition startup HealthKart has raised $153 million in one of the country’s largest consumer startup transactions this year, valuing the business at about $500 million, according to a source familiar with the matter. The new investment was co-led by private equity firms ChrysCapital and Motilal Oswal, with Avendus Capital serving as financial … Read more

Drone manufacturer Skydio raises $170 million extension round 

by

[ad_1] American drone manufacturer Skydio has raised an extension round of $170 million, adding onto the $230 million Series E it closed early last year. The new tranche of funding brings in strategic investors like Japanese telecom operator KDDI and Axon, the creator of the taser and other police tech. It also includes previous investors, … Read more

Bluesky says 1 million people signed up for the platform in last 24 hours

by

[ad_1] Bluesky said Thursday evening that over 1 million people signed up for the platform in the last 24 hours, making it one of the busiest days for the company. This also meant the social network crossed the mark of 16 million users overall. The platform’s announcement comes hours after Instagram head Adam Mosseri said … Read more

Just Eat Takeaway sells Grubhub to Wonder for $650 million

by

[ad_1] Netherlands-based Just Eat Takeaway announced today that it is selling Grubhub to Wonder in a deal valued at $650 million. The company said that it expects the deal to be completed by Q1 2025. “The sale of Grubhub to Wonder will increase the cash generation capabilities of Just Eat Takeaway.com and will accelerate our growth. This … Read more