TECHNOLOGY
udaan logs 95% growth in its food & FMCG business
Fuelled by the 'Mega Bharat Sale' for kirana shops and small retailers across the country, the FMCG business witnessed a growth (on-year) of over 115 per cent with major demands coming from small-town India, the company said in a statement. To cater to the growing demand, udaan plans to scale its warehouse capacity to 50 million square feet across the country in the next 7-8 years.
Karan Johar, Yuvraj Singh invest in consumer tech brand Nothing
Digital content creator Ranveer Allabadia and music composer-singer Jasleen Royal have also come on board, Nothing said in a statement. "The market is overdue for a new player to bring passion back to the field of consumer tech. We are excited that our new strategic and private investors from India feel the same and believe in our vision and mission," said Manu Sharma, VP and General Manager, Nothing India.
Pokemon GO developer Niantic raises $300 mn at $9 bn valuation
Niantic said it will use the funds to invest in current games and new apps, expand the Lightship developer platform, and build out its vision for the Real-World Metaverse. "We're building a future where the real world is overlaid with digital creations, entertainment and information, making it more magical, fun and informative," said John Hanke, Niantic's Founder and CEO. Earlier this month, Niantic launched the Lightship platform, enabling developers across the world to realise their visions for augmented reality and the Real-World Metaverse.
Apple Watch Series 8 may retain old rounded design
The speaker grille has been split from being a single long piece to a duo of smaller ones, with one on top of the other, GizmoChina reported. The watch is expected to get some major capability upgrades in the sensor department as well. Apple's suppliers are reportedly developing components for next-generation sensors in the Apple Watch Series 8 that will allow users to measure their blood glucose level.
TikTok owner ByteDance to shut edtech biz in India: Report
After the ban on TikTok last year, ByteDance now runs education learning app Snapsolve and music streaming platform Resso in the country. According to a report in TechCrunch citing sources, "ByteDance is shutting down its edtech business in India". "Most of the employees, if not all, are being let go," one of the sources said, according to the report, adding that "the edtech division employed over three dozen people in India".
EV charging sessions to cross 1.5 bn by 2026 globally: Report
This remarkable growth rate of more than 665 per cent over the next five years will be driven by greater government incentives for electric vehicles, as well as more widespread charging service availability, according to the report by Juniper Research. The findings showed that home charging will decline slightly, accounting for over 70 per cent of all EV charging sessions in 2026, compared with just over 80 per cent in 2021.
Truecaller crosses 300mn active users globally
India continues to be the largest market with over 220 million active users, with a reach that is spread across the country. "We have a clear strategy to continue growing our company by developing the product to enhance the user experience and thereby welcome even more users in the future", says Alan Mamedi, CEO and co-founder of Truecaller said in a statement.
Xiaomi to update 9 of its smartphones to MIUI 13: Report
The list was found inside MIUI 13's source code and the stable version for the Mi Mix 4, Mi 11, Mi 11 Pro, Mi 11 Ultra, Mi 11 Lite, Mi 10S, Redmi K40, K40 Pro and K40 Pro+ will likely arrive pretty soon, reports GSMArena. The MIUI 13 will deliver performance and battery optimisations along with a revamped UI design. Jun also said that the MIUI 13 will bring lots of changes that will greatly improve the user experience.
Unregulated crypto fueling ransomware attacks globally: Report
Cryptocurrency will continue to fuel cybercrimes such as ransomware and malicious cryptomining, and the trend will continue until global cryptocurrencies are better regulated, according to researchers from global cyber security firm Sophos. Over the coming year, the ransomware landscape will become both more modular and uniform, with attack "specialists" offering different elements of an attack "as-a-service" and providing playbooks with tools and techniques that enable different adversary groups to implement very similar attacks.
Redmi India joins Jio on 5G trial for upcoming smartphone
Muralikrishnan B, COO, Xiaomi India, said in a statement., "We are delighted to partner with Reliance Jio for the Redmi Note 11T 5G in our endeavor of democratising technology by making it easier for customers to get access to 5G smartphones that are future ready. Our latest trial with Reliance Jio is an indication of the development of the 5G ecosystem in India and the encouraging outcome highlights the true potential of the device and brings a high-quality 5G experience closer to reality,".
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