The beauty industry is changing, and D2C brands are seeing an enormous growth in a short period of time.
Nykaa, the online beauty and fashion retailer, is looking to raise $500 million via an historic initial public offering (IPO). Going by the draft papers, the company’s public share sale will consist of a fresh issue of shares of up to ₹525 crore ($70.63 million), and an offer for sale (OFS) of up to 43.1 million shares. The company is expected to go public at a valuation of more than $4 billion.
After seeing a big success with UPIs and DigiLocker, India has launched a new digital payments instrument.
India is developing into a fintech and payments hub, thanks to the push towards developing a ‘Digital India’. The government has launched another digital payment system, and all our eyes are on this new instrument.
Meet e-RUPI
On Monday, Prime Minister Narendra Modi launched e-RUPI at 4.30 PM through video conferencing. The payment solution has been developed by the National Payment Corporation of India (NPCI) on its UPI platform, in collaboration with the Department of Financial Services, Ministry of Health and Family Welfare…
This payment method is becoming increasingly popular, but is it all that great?
Square Inc, the payments firm of Twitter co-founder Jack Dorsey, will be acquiring Afterpay, an Australian buy now, pay later giant, in a $26 billion all-stock deal. On the other hand, AfterPay’s European competitor Klarna is growing at a rapid rate in the U.S. The firm raised another $639 million at a massive post-money valuation of $45.6 billion in June.
What Is BNPL?
Buy Now Pay Later (BNPL) startups are growing, as this payment method has attracted a lot of attention. They do exactly what they claim…
Mutual funds have been known as a beginner-friendly investment option, but what happens when you put crypto in it?
Bitcoin + Mutual Fund
Investments in cryptocurrencies have been on the rise, and now there is a new way to invest in Bitcoin, without actually buying any Bitcoin. ProFunds, a Maryland-based firm, has launched, what is says to be the first publicly available mutual fund correlated to the value of Bitcoin. The fund, called the Bitcoin Strategy ProFund, invests in Bitcoin futures contracts and aims for results that track the price of Bitcoin — before fees.
It sounds like a place that only exists in a science fiction book, but it is making us ask some crucial questions.
When we saw the word, Metaverse, the Marvel Cinematic Universe came to our mind. Metaverse sounds like a place where fictional superhero characters have built their base of operations, and make plans to safeguard the planet. But as much as we like to believe that the metaverse is something that was created by Stan Lee for comics, it is an actual thing that exists in planet Earth right now.
The Delta variant is spreading rapidly, while more variants are popping up too, making us question, will this pandemic ever end?
The pandemic — a word for which many didn’t know the meaning of last year — became one of the most feared words after the World Health Organisation (WHO) declared COVID-19 as one on March 11, 2020. We all frantically googled the meaning of the word, while some started making connections with the Spanish flu, which was also a pandemic that lasted from February 1918 to April 1920.
Our lives turned upside down. Major economies collapsed, while some countries…
With Bengal’s CM Mamta Banerjee calling the Pegasus spyware scandal as worse than America’s Watergate scandal, we are taking a hard look at it.
In a petition to the Supreme Court, senior journalists N Ram and Sashi Kumar said that the Pegasus spyware should be probed by a sitting or former judge. The apex court should direct the government to disclose whether it has obtained a licence for the spyware or used it — directly or indirectly — to conduct surveillance of any kind.
Meet Pegasus
This mobile phone spyware is produced by Israel-based “Cyber Warfare” vendor NSO Group, and…
The pandemic has helped them grow bigger than ever. But will this last?
Byju’s, edtech unicorn and India’s most valuable startup, is on an acquisition spree. Recently, the startup acquired after-school learning app Toppr and upskilling platform Great Learning in a cash and stock deal, showed the regulatory filings filed by the firm. In 2021 alone, Byju’s has bought six startups across India and the U.S. Also, Byju’s, which added 45 million new users in 2020, saw a record monthly revenue of ₹350 crore in April 2020. Not only Byju’s, but other edtech startup are also logging strong growth.
Vedantu…
Tech support scams are increasing in India and Indians losing more money each year. How did we get here?
Scams have existed around the world for decades. Despite having access to resources about these kinds of things, people still get scammed, and new kinds of scams are popping up everywhere now. From credit card scams to crypto scams, people of various age groups are targeted by fraudsters every day. One such notorious scam, for which a lot of people fall prey to, is a tech support scam.
A report by cybersecurity firm Avast Threat Labs explains how these scams work…
China cracked down on cryptocurrency mining, and that has helped Bitcoin mining to become friendlier to the environment.
Just like a YouTuber or an Instagram influencer, cryptocurrency miner is one of the jobs that was given to us by the 21st century. Crypto mining means gaining cryptocurrencies by solving cryptographic equations via the use of computers. This process involves validating data blocks and adding transaction records to a public record (ledger) known as a blockchain. Crypto mining is not legal everywhere, and it depends on where you live and whether you mine crypto via legal means. …
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