Platform Financial News

Indian edtech startups have been acquired in the past year, underscoring a challenging funding scenario for smaller firms and fuelling a wave of consolidation across the stressed industry. Google-backed edtech startup Adda247 acquired test prep firm Ekagrata Eduserv, Noida-based Schoolnet bought out Housing.com cofounder Advitiya Sharma's startup Genius Teacher, Allen Career Institute picked up Peak XV-backed Doubtnut, while mid-tier IT services firm Happiest Minds took over Macmillan Learning India, adding to the list of recently-closed deals.

Fibr, an artificial intelligence-powered personalisation platform, has raised $1.8 million in a funding round led by Accel. The round also saw participation from 2am VC and angel investors such as Cred founder Kunal Shah. Fibr will use the funds for enhancing its AI personalisation platform, expanding its customer base, and hiring talent including engineers, product marketers and sales and go-to-market (GTM) experts, top officials said.

India ranked second in terms of paid net subscriber additions globally for video streaming giant Netflix in the June quarter, and third by revenue percentage growth, backed by a strong content lineup headlined by ‘Heeramandi: The Diamond Bazaar’ web series. Netflix's paid net additions stood at 8 million in Q2 compared to 5.9 million in the same period last year. Its global paid subscriber base stood at 278 million. Revenue for the quarter grew 17% to $9.5 billion, while net income rose 45% to $2.1 billion.

Mint. Nykaa owns over 27 brands across skincare, cosmetics, and fashion, including Nykaa Cosmetics, Nykd by Nykaa, and Pipa Bella. Purplle, which recently raised ₹1,000 crore from Abu Dhabi Investment Authority and other investors, runs brands like Carmesi, Good Vibes, NY Bae, and Faces Canada.

Netflix has been unveiled. The latest season of the popular show will drop in the OTT streaming platform in two parts. «Emily in Paris» Season 4 Part 1 is scheduled to be released on August 15 this year. The second part will premier on September 12, 2024, as per a report on Dexerto. «Emily in Paris» Season 4 cast includes Lily Collins, Ashley Park, Lucas Bravo, Camille Razat, Philippine Leroy, Samuel Arnold, Bruno Gouery, William Abadie, and Lucien Laviscount.

Meta, Google, Snap, X (formerly Twitter) and others, to come up with “appropriate technical and organisational measures to ensure effective observance of the provisions" of the law.At present, the DPDP Act has defined the legal age of children as 18. Users below 18 years have to get verifiable parental consent for using social media or other intermediary services.

Haruko, a digital asset investment management platform, has raised $6 million in a funding round to help fuel its expansion into Southeast Asia.

Based in San Francisco, she takes over from William Huffman, who was promoted to CEO in June. Malik is also chair of Nuveen's global investment committee. She started her career at JP Morgan in 1995 where she worked as an equity portfolio manager and research analyst. Nuveen promotes president William Huffman to CEO Malik joined Nuveen in 2003 as an equity research analyst, and was subsequently promoted to head of global equity portfolio management and then CIO. Huffman said: «As a proven leader who has dedicated two decades of her career to the evolution and growth of Nuveen...

LPL has grown its presence in the Pacific Northwest with the addition of an advisor from Edward Jones.

BingX, one of the leading cryptocurrency trading platforms, is offering an extraordinary promotion for new users. Founded in 2018 and now boasting over 10 million users, the platform has gained a reputation for empowering traders across the globe. Now, they are gearing up to onboard a new wave of crypto users with an exciting promo that will run for a limited time only.

Goldman Sachs is turning to Main Street investors to boost its fee revenue. The bank plans to offer some of the sophisticated investment strategies that it has long reserved for its deep-pocketed clients to customers of robo-adviser Betterment. Goldman is structuring portfolios for everyday investors that are meant to help them save money on their taxes, in part by moving their cash from ultrasafe bank accounts to fixed-income exchange-traded funds that involve more risk.

WASHINGTON—Police were suspicious of Donald Trump’s attempted assassin on Saturday more than an hour before the attack, according to private law enforcement briefings provided to House and Senate lawmakers. Wednesday’s briefings, given by top U.S. officials, offered some of the most detailed information to date on what happened in the run-up to the shooting at a campaign rally in western Pennsylvania.

The round was led by Theory Ventures with participation from seed investors Kleiner Perkins and Amplify Partners, bringing Allium’s total capital raised to $21.5 million.Allium provides enterprise-grade, quick, and simple blockchain data to clients that helps them answer strategic questions, identify investment and growth opportunities, manage business reporting, and power their applications.The firm is hoping to capitalise on the increase in blockchain adoption and the proliferation of different networks, which will see the volume of data surge exponentially. The sheer amount and complexity of blockchain data today makes it tedious and technically challenging to understand and report activity, invest in opportunities, and build products, argues the startup.

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Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content

Italy's antitrust agency said on Thursday it had launched an investigation into online search giant Google and its parent company Alphabet over alleged unfair commercial practices involving users' personal data. The request for consent that Google sends to its users to connect its multiple services «could constitute misleading and aggressive commercial practice», the watchdog said.

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The investment platforms also saw customer numbers rise by 5% during the previous quarter to a total of 528,000, according to a trading update published today (18 July).  AJ Bell calls on government to merge Cash and Stocks and Shares ISAs into single product In the three months ended 30 June 2024, the platform also recorded a significant rise in gross and net inflows. Gross inflows hit £3.7bn, a jump from £2.4bn in 2023, while net inflows also surpassed the previous year's levels, increasing from £1.1bn to £1.7bn.  This marks the first time the company's AUM has exceeded £6bn, ref...

Collective Artists Network, India’s leading new media entity centred around pop culture, has acquired Galleri5, an AI-powered influencer marketing analytics and content management platform for brand and influencers. Collective Artists Network has been undertaking strategic acquisitions to scale the creator and content ecosystem. Earlier this month, Collective Artists Network acquired Terribly Tiny Tales, a text-first flash fiction platform.

Newme, an omnichannel fashion brand focused on new-gen customers, has raised $18 million in a funding round led by US venture capital firm Accel along with participation from existing investors including Fireside Ventures and AUM Ventures. This marks another instance of new consumer brands that are building their platforms online and offline simultaneously getting venture fund interest. Omnichannel fashion brands like Rare Rabbit, The Pants Project, and Virat Kohli-backed Wrogn have raised venture funding in recent weeks.