Reddit mascots are displayed at the company’s headquarters in San Francisco, California April 15, 2014.REUTERS/Robert Galbraith Social media network Reddit said on Monday it raised $300 million in its latest funding round, led by Tencent Holdings, giving it a market valuation of $3 billion. The series D funding round saw a $150 million investment from […]

Southeast Asian fashion startup Zilingo said it has raised $226 million in its latest funding round from existing backers such as venture capital firm Sequoia Capital, with Singapore’s Temasek Holdings joining as a new investor. The Series D financing follows a $54 million fundraising last year, taking the total capital raised by the company to […]

Alphabet’s Google has hired more than a dozen microchip engineers in Bengaluru, India, in recent months and plans to rapidly add more, according to LinkedIn profiles, job postings and two industry executives, as the search firm expands its program to design the guts of its devices internally. The Bengaluru site, which has not been previously […]

The Delhi High Court issued an interim order restraining Amazon Seller Services from selling products of Modicare after the Delhi-based direct selling company filed a case alleging that Amazon.in is illegally selling Modicare products on its platform, a source told ET. Modicare is owned by New Delhi businessman Samir Modi who is also the founder […]

The parliamentary standing committee on information technology refused to meet representatives of Twitter India on Monday, insisting that CEO Jack Dorsey would have to appear before it in 15 days, said people with knowledge of the matter. If he isn’t available, the panel has insisted on the presence of a “senior” member of Twitter’s global […]

Social media users in India erupted with nationalistic rage after Twitter CEO Jack Dorsey defied a rare government summons to attend a Parliamentary hearing on safeguarding citizen rights on such platforms, even as some legal experts termed the entire brouhaha as a “political stunt.” The panel had summoned representatives of Twitter and the Ministry of […]

By Pralok Gupta Ecommerce companies in India are having a troubled time, as the foreign direct investment (FDI) policy changes announced in December 2018 took effect from February 1. Though GoI considers these changes as a mere reiteration of earlier policy, the market reaction and analysis of these changes reveal that the new obligations on […]

News Dell EMC: Open Networking’s Next Evolution Is SD-WAN By David Ramel 02/11/2019 Dell EMC is the latest networking vendor to point to SD-WAN as the future for the evolution of the open networking movement, which emphasizes disaggregated, modular, software-centric systems over closed, proprietary, hardware-based legacy implementations. While that transformative networking revolution — featuring acronym-laden […]

Walt Disney’s Marvelsuperhero studio will produce four new adult-oriented animated series for the Hulu streaming service. The four series will center around the characters M.O.D.O.K., Hit-Monkey, Tigra & Dazzler and Howard The Duck, the statement said. The series will culminate with an animated special called “Marvel’s The Offenders” in which the characters team up to […]

With the general elections just months away in India, Facebook has added five new partners including the India Today Group to its third-party fact-checking programme aimed at reducing the spread of false news on its platform. With the addition of the new partners, Facebook has expanded the programme to three new languages. The new partners […]