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PhonePe Raises US$750M in Ongoing US$1B Fundraising Effort

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Time Stamp: April 12, 2023 9:40 PM - Modified On: April 12, 2023 - Published By:
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PhonePe, the digital payments platform owned by Walmart, has raised US$750 million in its ongoing fundraising effort to raise US$1 billion. The latest funding round was led by Walmart and included participation from several existing investors, including Tencent, Singapore's sovereign wealth fund GIC, and others.The funds raised will be used to expand PhonePe's operations and develop new products and services. The company plans to use the funds to expand its merchant network, invest in technology and infrastructure, and hire new talent.PhonePe has been growing rapidly in India's digital payments market,

From Humble Beginnings to Worldwide Success: Tracing the Development of Startups

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Time Stamp: April 4, 2023 10:00 AM - Modified On: April 4, 2023 - Published By:
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Startups are businesses that are just starting out and are often characterized by their innovative ideas and entrepreneurial spirit. They are usually small, with limited resources and a small team of dedicated individuals who are passionate about their vision. However, many startups have gone on to achieve great success, becoming global brands and household names. In this article, we will trace the development of startups from their humble beginnings to their worldwide success.The Early StagesThe early stages of a startup are often the most challenging. At this point, the founders

Tech Stories from Around the Web: Highlights of the Week Ending April 1st

Source Node: https://platodata.network/platowire/tech-stories-from-around-the-web-highlights-of-the-week-ending-april-1st/
Time Stamp: April 1, 2023 10:00 AM - Modified On: April 1, 2023 - Published By:
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As the world continues to grapple with the ongoing COVID-19 pandemic, technology has played a crucial role in keeping people connected, informed, and entertained. From new product releases to innovative solutions for remote work and learning, here are some of the top tech stories from around the web for the week ending April 1st.Apple unveils new productsOn Tuesday, Apple held its first product launch event of the year, announcing a range of new products and updates. These included a new iMac with a redesigned slim profile, an updated iPad Pro

Glopal Secures €20 Million in Funding Round to Support Business Expansion

Source Node: https://platodata.network/platowire/glopal-secures-e20-million-in-funding-round-to-support-business-expansion/
Time Stamp: March 30, 2023 6:25 AM - Modified On: March 30, 2023 - Published By:
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Glopal, a UK-based e-commerce platform that helps businesses expand their reach globally, has secured €20 million in a funding round led by Kennet Partners. The funding will be used to support the company's business expansion plans, including the development of new products and services.Glopal was founded in 2015 and has since helped thousands of businesses expand their e-commerce operations globally. The platform offers a range of services, including international shipping, local payment options, and translation services. This allows businesses to sell their products to customers in different countries without having

Insights into the Current State of the Cannabis Industry from Spannabis 2023

Source Node: https://platodata.network/platowire/insights-into-the-current-state-of-the-cannabis-industry-from-spannabis-2023/
Time Stamp: March 24, 2023 4:56 AM - Modified On: March 24, 2023 - Published By:
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As the cannabis industry continues to grow and evolve, industry professionals and enthusiasts alike look to events like Spannabis to gain insights into the current state of the industry. Spannabis 2023, held in Barcelona, Spain, provided a platform for industry leaders to share their knowledge and experiences with attendees.One of the key takeaways from Spannabis 2023 was the increasing legalization of cannabis around the world. Many countries are recognizing the potential economic benefits of legalizing cannabis, and are taking steps to do so. This has led to a surge in

Exploring the Potential of Subscriptions as a Key Component of eCommerce’s Future

Source Node: https://platodata.network/platowire/exploring-the-potential-of-subscriptions-as-a-key-component-of-ecommerces-future/
Time Stamp: March 23, 2023 5:12 PM - Modified On: March 23, 2023 - Published By:
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The eCommerce industry has been growing at an unprecedented rate in recent years, and it is showing no signs of slowing down. With the rise of online shopping, consumers are becoming increasingly comfortable with purchasing products and services online. As a result, eCommerce businesses are constantly looking for new ways to attract and retain customers. One strategy that has gained popularity in recent years is the use of subscription-based models.Subscription-based eCommerce models involve customers paying a recurring fee for access to a product or service. This can include everything from

Starling Bank in the UK hires 1,000 tech employees to enhance digital services

Source Node: https://zephyrnet.com/uks-digital-starling-bank-takes-on-1000-tech-employees/
Time Stamp: March 21, 2023 5:58 PM - Modified On: March 21, 2023 - Published By:
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Starling Bank, a digital-only bank based in the UK, has announced that it will be hiring 1,000 new tech employees to enhance its digital services. This move comes as the bank seeks to expand its offerings and improve its customer experience.The new hires will be spread across the bank's various departments, including engineering, data science, product development, and customer service. The bank has stated that it is looking for candidates with a range of skills and experience levels, from recent graduates to seasoned professionals.Starling Bank was founded in 2014 by

National Science Foundation Marks One-Year Anniversary of TIP Directorate

Source Node: https://zephyrnet.com/nsf-celebrates-the-tip-directorates-one-year-anniversary/
Time Stamp: March 21, 2023 2:01 PM - Modified On: March 21, 2023 - Published By:
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The National Science Foundation (NSF) recently celebrated the one-year anniversary of its Technology, Innovation and Partnerships (TIP) Directorate. The TIP Directorate was established in 2020 to accelerate the translation of NSF-funded research into real-world applications and to foster partnerships between academia, industry, and government.The TIP Directorate has been instrumental in advancing NSF's mission to support basic research that drives innovation and economic growth. It has also helped to bridge the gap between academia and industry by providing funding opportunities for researchers to develop technologies that can be commercialized.In its first

National Science Foundation Commemorates One Year of the Technology and Innovation Program Directorate

Source Node: https://zephyrnet.com/nsf-celebrates-the-tip-directorates-one-year-anniversary/
Time Stamp: March 21, 2023 2:01 PM - Modified On: March 21, 2023 - Published By:
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The National Science Foundation (NSF) has been at the forefront of supporting scientific research and innovation in the United States for over 70 years. In 2020, the NSF launched the Technology and Innovation Program Directorate (TIP), which aims to accelerate the translation of scientific discoveries into practical applications that benefit society. As TIP marks its first anniversary, it is worth examining the impact it has had on the scientific community and the broader public.TIP's mission is to foster the development of new technologies and innovations that address societal challenges and

PhonePe Receives US$200 Million Investment from Walmart

Source Node: https://zephyrnet.com/walmart-invests-us200-million-in-phonepe/
Time Stamp: March 19, 2023 9:54 PM - Modified On: March 19, 2023 - Published By:
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PhonePe, the digital payments platform owned by Flipkart, has received a massive investment of US$200 million from Walmart, the American retail giant. This investment is part of PhonePe's ongoing fundraising round, which aims to raise US$1 billion in total.The investment from Walmart is significant for PhonePe as it not only provides the company with a substantial amount of capital but also strengthens its ties with Walmart. Flipkart, the parent company of PhonePe, was acquired by Walmart in 2018 for US$16 billion, making it one of the largest e-commerce deals in

Meta Announces 10,000 Job Cuts and Refocus on Core Projects

Source Node: https://zephyrnet.com/meta-cuts-10000-jobs-and-refocus-on-core-projects/
Time Stamp: March 19, 2023 1:14 AM - Modified On: March 19, 2023 - Published By:
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The tech giant Meta recently announced that it would be cutting 10,000 jobs and refocusing its efforts on core projects. This news has sent shockwaves through the tech industry, as Meta is one of the largest and most influential companies in the world.Meta has been a leader in the tech industry for many years, and its products have been used by millions of people around the world. However, in recent years, the company has faced increasing competition from other tech giants, such as Apple and Google. This has led to