In the latest episode of TechThisWeek, Nirmit Parikh, CEO and founder of professional networking platform Apna, talks about the 16-month-old platform’s journey to a valuation of $570 million. The platform for blue and grey collar professionals helps them to connect and improve their interview skills apart from looking for job leads.
The SaaS goldrush kept up momentum as software testing platform Browserstack was valued at $4 billion in a $200 million funding round led by Mary Meeker’s BOND Capital.
In the social media sector, Twitter is trending for all the wrong reasons as it finds itself at the receiving end of criticism by minister for Information Technology Ravi Shankar Prasad as well as a parliamentary standing committee on IT for non-compliance with intermediary guidelines which came into effect in May.
In other news, the top three Indian IT-ITeS companies Infosys, Wipro TCS saw the cumulative salaries of its CEOs jump 47% year-on-year to $17.6 million for the financial year 2020-21. This is a result of the continued demand for digital transformation by companies globally, driving business for these firms.