The fund is not meant to provide money alone," Mathrubootham told CNBC-TV18. The fellowship will offer grants worth $100,000 to 15 women-led early-stage startups. Big tech companies are making it mandatory for employees in the United States to get COVID-19 vaccinations before entering campuses, as the highly infectious Delta variant of the virus drives a resurgence in cases across regions. The team will be part of the company's virtual reality organization, the group's executive Andrew Bosworth said in a Facebook post. According to Reuters, NotCo plans to invest more on its artificial intelligence technology, Giuseppe, which explores new combinations of plants to replicate animal-based food products. Twitter is once again shutting its reopened offices in the US and has paused future office re-openings. Existing investors of Trifecta Capitals venture debt funds have also made significant investments in this fund. For the third quarter, Amazon expects to book sales between $106 billion and $112 billion, representing growth of 10 percent to 16 percent compared to the same period last year. Chinese companies listed on US stock exchanges must disclose the risks of the Chinese government interfering in their businesses as part of their regular reporting obligations, a top US Securities and Exchange Commission official has said. Used car retailing startup Spinny has expanded its employees stock ownership plan or ESOP pool size to $45 million, Entrackr reported. E-commerce company Snapdeal reported a 210 percent growth in fashion category sales over the first six months of 2021 (January-June). According to a Deadline report, streaming giant Netflix has also implemented a policy mandating vaccinations for the cast and crew on all its US productions. The CXXO programme will create a cohort of eight to 10 female founders and CEOs each year and will provide them with capital and support. The highly anticipated true wireless earbuds feature a transparent design and promise a premium user experience. The funding, led by Tiger Global, also saw venture capital firm DFJ Growth Fund and social impact foundation ZOMA Lab pitch in. Uber is pushing back its back-to-office date to late October globally, and all employees in the. In May, 98.9 percent (71,132) and in June, 99.3 percent (83,613) removal action was taken because of copyright issues. After acquiring brick-and-mortar coaching network Aakash Institute for close to $1 billion, Great Learning is now BYJUs second-biggest acquisition. Facebook is creating a product team to work on the "metaverse," a digital world where people can move between different devices and communicate in a virtual environment, CEO Mark Zuckerberg said. The learning platform also acquired Rheo TV this week. The list of shortlisted for the accelerator include Vityasa, Opstech, KarryNow, Self Charging EVs, Signasis Technologies, Hueristic Devices and Fidelis Consulting Engineers. Vani Kola, managing director of Kalaari Capital is also part of the leadership team of CXXO. Over 98 percent of the complaints were related to copyright issues, the internet giant said in its transparency report under the new intermediary rules under the Information Technology Act. T-Hub, a start-up ecosystem enabler, has shortlisted 21 start-ups for the second edition of T-Angel. The e-commerce industry, including Amazon and Flipkart, has already shared feedback with the Ministry of Consumer Affairs on the draft rules that were released last month, highlighting concerns over several such aspects. For April, May, and June, Apple recorded revenue of $81.43 billion, up 36 percent year-on-year. The cohort will kick off in November. "There are certain aspects of draft e-commerce rules which might be detrimental to sellers. It revealed that both current and former employees will be able to vest their stock options. The GAO's decision is expected by early August, though industry sources told Reuters that Blue Origin views the possibility of a reversal as unlikely. "Amazon always complies with the law, and we will comply with policies that the Indian government brings," he added. "Public companies must disclose significant risks which, for China-based issuers, may sometimes involve risks related to the regulatory environment and potential actions by the Chinese government," Lee, who served as acting head of the SEC from late January to mid-April, told Reuters in an interview. The company has also forayed into the TWS or True Wireless market with the launch of its wireless earbuds called the Airfunk Stereo buds, both of these products, will compete in the highly competitive budget segment currently dominated by Chinese players. STARTUP DIGEST: Byju's acquires Great Learning and Toppr, Unacademy to issue $40 M in stock options to teachers, Sequoia launches 'Spark' for women founders The edtech firm has acquired the after-school learning app Toppr too. On July 5, Bezos handed the role of CEO over to Andy Jassy, who previously led AWS. Early-stage venture firm Kalaari Capital launched CXXO, an initiative for which it has set aside $10 million annually, to invest in startups led by women. As many as 10 start-ups from the accelerator will get an investment of 50 lakh each during the 45-day accelerator programme. Here are the top stories that made headlines in the startup universe this week. Cashify said the new investment will help it further diversify its e-commerce offerings by empowering mobile retailers to get a web presence, build its brand, and make more money to compete with e-commerce giants. If Google's proposals are not sufficient, the agencies will discuss the issue further with the company and may impose sanctions. Micromax rolled out the In brand of phones after the government announced that the manufacturer of Micromax's phones was eligible for the PLI scheme. This week the company bought upskilling platform Great Learning for $600 million in a cash and stock deal. Online learning firm Unacademy is planning to give stock options to educators on its platform so as to motivate them and retain quality talent. Powered by Google, Alphabet earned $18.53 billion, or $27.26 per share, during the quarter, a nearly threefold increase from last year's earnings of $6.96 billion, or $10.13 per share. Post the acquisition, Rheo TV founders Saksham Keshri and Prakash Kumar will join Relevel an Unacademy Group company that enables job seekers to showcase their skills through tests, and secure employment at some of Indias top companies as Co-Founders. Amazon's Prime Day saw more sellers turn crorepatis, and more shoppers from Tier 2 and beyond. Shopify's value nearly tripled over the last year due to unprecedented growth of the e-commerce sector. Spotify beat Wall Street estimates for second-quarter revenue on Wednesday, as the music streaming company reported a 20-percent jump in paid subscribers for its premium service driven by demand in Europe and North America. Tech giants Apple, Microsoft and Google owner Alphabet reported combined profits of more than $50 billion in the April-June quarter. Net income of $2.17 per share beat Wall Street expectations. The Karnataka High Court had last week dismissed cases filed by Amazon and Flipkart which sought to quash the CCI investigation on accusations that the companies circumvent Indian law by creating complex business structures. Amazon has posted the third $100 billion quarter in a row - Q2 revenue grew by 27% year over year to $113.08 billion -but a significant slowdown from the second quarter of 2020, when sales skyrocketed 41 percent year over year. We need to empower consumers to make their choices based on transparent and unbiased information," EU Justice Commissioner Didier Reynders said. Carl Peis consumer tech company, Nothing has launched its first product - Nothing Ear (1). The company said it is fighting vaccine hesitancy among drivers by using in-app messages, videos and virtual meetings with medical experts to bust myths and spread awareness on vaccination benefits. The European Commission and EU consumer authorities have given Google two months to improve the way it presents internet search results for flights and hotels and explain how it ranks these or face possible sanctions. Rheo TVs existing investors Lightspeed India Partners, Sequoia Capital Indias Surge, AET Fund, Phanindra Sama, Founder and Former CEO of RedBus, and Mahesh Narayanan, Ex-Country Head of Google Mobile will exit fully. Flipkart and Amazon have filed appeals in the Supreme Court challenging the July 23 order of the Karnataka High Court that had allowed the Competition Commission of India to probe both the companies over alleged anti-competitive practices. The growth was driven by users replenishing their wardrobes to meet work-from-home clothing. Google received 34,883 complaints in May, and 36,265 in June 2021, according to the report. Homegrown smartphone maker Micromax has launched a smartphone in the crowded budget space from its flagship Make in India brand called In. In a letter to NASA Administrator Bill Nelson, Bezos said Blue Origin would waive payments in the government's current fiscal year and the next ones after that up to $2 billion, and pay for an orbital mission to vet its technology. Amazon shares fell more than 7 percent in extended trading on Thursday after the company reported its first revenue miss in three years and gave weak third-quarter guidance. This is part of the companys Rs 18.5 crore initiative to have 150,000 drivers on its platform vaccinated by year-end. Ride-hailing platform Uber has announced that more than 100,000 drivers on its platform have received at least one COVID-19 vaccine shot. Byjus will invest another $400 million in Great Learning as it looks to expand its services globally. San Francisco-based ride-hailing company Lyft has also postponed its reopening to February from September. VC firm Trifecta Capital has announced the first close of its late-stage venture capital fund - Trifecta Leaders Fund I, with commitments of over Rs. The ESOP expansion scheme at Spinny comes after the companys latest $108 Series D round led by Tiger Global Management. Used gadgets marketplace Cashify has acquired UniShop, an omnichannel retail solution platform, for an undisclosed amount. Sequoia India has launched Spark fellowship, a year-long programme to support women entrepreneurs in India and Southeast Asia. Amazon India wrapped up Prime Day 2021 this week on July 26-July 27 under the shadows of proposed e-commerce rules that could restrict flash sales and could also prevent platforms from selling their private labels. Some of the founder mentors who will help the recipients include co-founder and CEO of Zilingo Ankiti Bose, Byjus co-founder Divya Gokulnath, CRED founder Kunal Shah, Groww co-founder and CEO Lalit Keshre, MobiKwik co-founder Upasana Taku, and Meesho founder and CEO Vidit Aatrey. Answer (1 of 2): Byju's Raveendran do not want to buy Unacademy and Unacademy doesn't want to sell its stakes either.They have a huge student base and many more students are buying the courses due to the coronavirus pandemic. Apple CEO Tim Cook acknowledged the brand's rapid growth in India and put the country in his list of 'emerging markets'. "On average, the popular price range for a single fashion item on Snapdeal is now anywhere between Rs 300-450, as compared to Rs 450-550 in 2020. The company will give grants of over $40 million to its educators over the next few years. Google removed over 150,000 pieces of content based on complaints received in India in May and June. The first close saw participation from domestic investors including large corporates, insurance companies, marquee family offices, UHNIs, and entrepreneurs. Amazon has shared that feedback on draft rules with the government," Akshay Sahi, Director - Prime and Fulfillment Experience, Amazon India, told CNBC-TV18. Freshworks founder Girish Mathrubootham and Eka Software founder Manav Garg have launched a venture capital fundTogether with a corpus of $85 million that has seen participation from leading tech entrepreneurs including Kunal Shah of Cred, Ritesh Arora of BrowserStack and Gaurav Munjal from Unacademy, to back new-age startups that can go global out of India. US-listed shares of Canadas e-commerce giant Shopify rose 2% in premarket trading. The fund has seen participation from institutional funds, venture capitalists, and tech entrepreneurs as well as professionals such as chief marketing officers and chief technology officers. The fund was launched three months ago and has a target corpus of Rs 1,500 crores (approximately $200 million). The agencies also told Google to revise the standard terms of its Google Store because some cases showed that traders have more rights than consumers. Meanwhile, Microsoft on Tuesday reported fourth-quarter profit of $16.5 billion, up 47 percent from the same period last year. According to the company, it made a profit of $21.74 billion in this quarter. The company has passed a special resolution to alter its existing ESOP scheme to increase the number of shares in its ESOP pool to 36,353 options worth Rs 335.82 crore or $45 million, the report added. Rheo TV helps professional game streamers live stream their gameplays and monetise those feeds. In exchange, Blue Origin would accept a firm, fixed-priced contract, and cover any system development cost overruns, Bezos said. Bezos is now executive chairman. "Together is India's first operator-led fund. She has roped in Ankiti Bose, cofounder, Zilingo, Lathika Pai, country head, Microsoft Venture Capital, and PE Partnerships, Paroma Roy Chowdhury, chief communication and public affairs officer, Dream Sports, Priyanka Gill, founder and CEO of POPxo, and others. With up to 34 hours of playtime, a powerful 11.6mm driver including Active Noise Cancellation, Nothing ear (1) claims to deliver a pure sound experience at just Rs 5,999. 1,000 crore (approximately $130 million). Nearly 25% more sellers grossed sales over Rs 1 crore as compared to the last Prime Day, the company said. Unacademy Educators will be eligible for fully vested Stock Grants on completion of 3, 4, and 5 years with Unacademy, co-founder and CEO Gaurav Munjal tweeted. Meanwhile, LinkedIn will allow most employees to opt for full-time remote work as offices gradually reopen. The companies have denied wrongdoing but the high court said, "they should not feel shy in facing an inquiry". "EU consumers cannot be misled when using search engines to plan their holidays. Twitter, Google and Facebook said all US employees must get vaccinated to step into offices. The June quarter reflects the last full quarter of Jeff Bezos tenure as CEO. Both the platforms are good in their own ways- 1.Take Byjus if you wa. The fund will invest Rs 100-200 crore ($1530 million) each in around 10-12 companies for minority stakes, through a combination of primary and secondary positions. Edtech unicorn and Indias most valuable startup Byjus is on an acquisition spree. Logistics startup Locus said it has designated $4 million for ESOP buyback with an aim to help employees in their wealth creation journey. The startup also claimed that it will have a rolling plan to facilitate new buyback for teammates in the future as well. "Apart from helping founder entrepreneurs avoid dilution of share equity in the company's initial stages of development, growth debt also serves as a complementary tool to tide these companies, which are often cash strapped," Tan Su Shan, group head of institutional banking at DBS said in a statement. Democratic commissioner Allison Lee's comments are the first by an SEC official since Chinese regulators launched a massive cyber probe of ride-hailing giant Didi Global last week, just days after its $4.4 billion New York listing, wiping 25% off its share price. UniShop will be rebranded as PhoneShop and will continue to help mobile retailers across India, the company stated. We are announcing Teacher Stock Options (TSOPs) for all Unacademy Educators. Jeff Bezos-backed food-tech firm NotCo has raised $235 million in its latest funding round that also included athletes Lewis Hamilton and Roger Federer, valuing the plant-based food company at $1.5 billion. Once the vaccination process is completed, drivers receive Rs 400 for each of the two shots for time spent getting the jabs. Fresh off his trip to space, Amazon founder Jeff Bezos has offered to cover up to $2 billion in NASA costs if the US space agency awards his company Blue Origin a contract to make a spacecraft designed to land astronauts back on the moon. Nothing ear (1) will be available in India from 17th August 2021 on Flipkart. The buyback is at par with the primary of the Series C fund raise. Another factor that drove fashion purchases was the desire to buy new clothes to meet friends and family after a long gap and to meet travel needs, the firm said. The phone called IN 2-b will go on sale on August 6 at Rs 7999 and Rs 8999 for its two variants. Munjal added that over 300 educators on the platform are currently eligible for the grant that they will get immediately. Meanwhile, Flipkart in its plea had named Amazon as a respondent in the case, along with the CCI, Delhi Vyapar Mahasangh, and the Confederation of All India Traders. With this, Byjus has acquired a total of 14 companies across India and the US. Southeast Asian lender DBS Group and Temasek Holdings will jointly launch a $500 million debt financing platform EvolutionX to finance growth stage technology-enabled companies across Asia, with a focus on China, India, and Southeast Asia. In fact, on Snapdeal the purchases within the Rs 450 segment have doubled to 40 percent in H1 of 2021 as compared to H1 2020," Snapdeal said in a statement. This is the second buyback in the company, Locus said.

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