Logistics firm Delhivery may raise a fresh round of funding, which is expected to be a mix of primary and secondary capital, Entrackr has reported. The Gurugram headquartered firm appears to be making changes to its capital structure to facilitate the fundraise and will offer exits to early investors as well as promoters through a secondary transaction, the report said. Delhivery last raised $413 million (Rs 2,890 crore then) in a funding round led by the SoftBank Vision Fund, last year in March.
Twitter to add context to trending topics
San Francisco headquartered social networking company Twitter said on Tuesday that it will add more context to topics that trend on its platform. Some popular Twitter trends will now have a representative tweet pinned to them that will provide users with more insight into the topic. Twitter offers trends as a way for users to identify which topics are most popular.
Facebook changes terms of service
Social media giant Facebook will remove/ restrict users' access to content to mitigate adverse legal or regulatory impact on itself, according to Facebook’s latest update of terms and services for its users. The updated terms of service will be effective from October 1. The reason for this is reported to be the growing criticism of its content moderation policy that was allegedly influenced by employees' political leanings and the company's business considerations globally and India.
India sees 1.61 bn UPI transactions in August
India has registered 1.61 billion transactions on unified payments interface (UPI) in August 2020, amounting to Rs 2.98 lakh crore, Inc42 reports. Meanwhile, 246.12 million transactions were recorded with immediate payment service (IMPS) this month. India registered 1.34 billion transactions on UPI for 28 days in July, amounting to Rs 2,58,244 crore.
Mumbai Angel Networks backs online logistics platform Trukky
Trukky Logistics Services, which owns and operates online logistics platform Trukky has raised an undisclosed amount in funding from Mumbai Angel Networks. The Gurugram headquartered startup will use the funds to enhance user experience and freight intelligence for better pricing and digital load consolidation to make load sharing services convenient and safer for spot bookings, a statement said. Founded in 2015 by Subhasish Das, Saswat Sahu, and Rishi Raj, Trukky competes with EZMove, TheLorry, Blowhorn, LOTrucks, and Meenakshi Packers And Movers, among others.
Cybersecurity startup InstaSafe inks deal with Ingram Micro
Cloud-based security solutions provider InstaSafe on Wednesday said that it has joined hands with technology distributor global cloud service provider Ingram Micro. Under the deal, InstaSafe’s cloud security products will be available to Ingram Micro Cloud’s channel partner network, according to a joint statement. Additionally, the partnership will simplify digital transformation and accelerate adoption of innovative security solutions.