Mukesh Ambani's Jio Financial Services Unveils App to Rival PhonePe and Paytm
Jio Financial Services, led by Mukesh Ambani, has launched the beta version of the 'JioFinance' app. The app offers UPI payments, digital banking, bill settlement, and insurance advisory, aiming to compete with Google Pay, PhonePe, and Paytm. Available on Google Play Store, it promises an all-in-one financial solution for users.
In a significant setback for education tech giant Byju's, BlackRock, a major investor, has declared its stake in the company worthless. Once valued at $22 billion in 2022, Byju's now faces severe financial and operational challenges. Byju's struggles highlight the volatile nature of the ed-tech industry post-pandemic. The company, previously a shining star in India's startup ecosystem, now grapples with the fallout from overexpansion and a shifting educational landscape.
Paytm is in advanced talks to sell its movie and events ticketing business to Zomato, focusing on its core payments and financial services. Zomato aims to strengthen its 'going-out' vertical with this acquisition. No binding decision yet. #paytm#zomato#fintech#technews
Zepto Secures $650M in Funding, Valuation Soars to $3.5B
Zepto, the Y Combinator-backed instant grocery delivery startup, is raising $650 million from existing investors like StepStone Group and new investors including Avenir Growth and Lightspeed Venture Partners. This funding round will more than double Zepto's valuation from $1.4 billion to $3.5 billion, showcasing strong investor confidence in India's booming quick commerce sector. This marks Zepto's second major funding round within a year, following a $231 million raise in August 2023. Zepto competes with major players like Blinkit, Swiggy Instamart, and BigBasket in the rapidly growing market. #quickcommerce#funding#startup#startupindia
Web Development Code Editor - The live online web development code editor is a web-based tool that allows developers to write, edit, and run their code in real-time from any internet-connected device. Users can write code in popular programming languages such as HTML, CSS, and JavaScript directly within the web editor, without the need for any additional software or tools.
The editor typically provides features like syntax highlighting, theme selection, auto-indentation, and auto-completion to make the coding process faster and more efficient.
One of the key features of the live online web development code editor is its ability to instantly preview changes as they are made. This allows developers to see how their code looks and behaves without having to switch between multiple windows or browsers.
OpenAI Cofounder Ilya Sutskever Launches Safe Superintelligence Inc.
OpenAI cofounder Ilya Sutskever has started a new venture, Safe Superintelligence Inc. (SSI), focusing on developing safe superintelligence. Joined by former Apple AI lead Daniel Gross and ex-OpenAI's Daniel Levy, SSI aims to avoid commercial pressures and focus solely on safety. #ai#superintelligence#safetech#startups#innovation