DAILYHUNT PREMIUM
Webtoon comic app Toonsutra registers over 1 million downloads
Toonsutra aims to establish the world's largest fandom and pop culture community in India over 700 million mobile youth market. The company has partnership with some of the biggest global publishers and creators to bring over more than 550 titles and 250,000 episodes of content into local Indian languages.
Shareholder nod for Swiggy’s $1.25 billion IPO; Koo halts salaries
Online food delivery major Swiggy has received shareholder approval to go public. This and more in today’s ETtech Top 5.
ET explains: Dailyhunt's parent company acquires Magzter - The deal decoded
The Bengaluru-headquartered startup has introduced Dailyhunt Premium, a subscription service. This offering grants users access to premium content from international publishers across more than 60 languages sourced from Magzter. Moreover, subscribers will enjoy an ad-free experience within the app.
Dailyhunt parent acquires Magzter, grows revenue from ads to subscriptions
Homegrown digital newsstand Magzter, founded in 2011 and offering a cross-platform, self-service experience, has been acquired by Dailyhunt. This deal, with undisclosed financial details, marks Dailyhunt's entry into the premium content market, as Magzter boasts a library of over 8,500 premium magazines and newspapers.
2022 Year in Review | VC funding for startups down 30% to $24 billion
Indian new-age companies picked up $23.95 billion across all stages as of December 28 this year compared with $35.46 billion, according to data from Venture Intelligence.
Cred continues fintech consolidation; Dailyhunt parent sacks 150 employees
Days after we reported that digital payments major PhonePe was set to acquire buy-now-pay-later platform ZestMoney, India’s fintech sector is set for more consolidation. Kunal Shah’s Cred announced earlier today it has struck a deal to buy 10-year-old loan underwriting platform CreditVidya as it continues to beef up its credit business.
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PE-backed companies to keep IPO frenzy active this year
On average, new listings in CY21 gave an astonishing 60% returns compared to Nifty 100 / BSE 500, where returns have been 25-30%. A combination of FOMO, TINA, Greed and Fear, and access to liquidity made investors lap up IPOs sustainably. 'IPO allotment status' and 'Grey Market Premium' appeared among Google India's ten top searches - clearly indicating heightened interest and participation from the Indian retail investors amidst the new normal.
Paytm founder rallies troops; D2C brands out to conquer small towns
A day after Paytm made a nightmare debut on India’s stock exchanges on Thursday, its founder and CEO Vijay Shekhar Sharma held a four-hour virtual town hall with employees.
Zomato’s $500m bet on Grofers, Sebi's missive on IPO ads
Zomato, which has twice tested—and aborted—its own grocery delivery service since the start of the pandemic, is now in talks to invest up to half-a-billion dollars in Grofers.
Grey market expects flat Paytm listing; Trifecta gets $101M for 3rd fund
One97 Communications, Paytm’s parent company, is likely to have a muted debut on India’s stock exchanges, bucking the trend set by startups like Zomato, Nykaa and Policybazaar, which had stellar listings.
Big get bigger as select startups gain most amid funding boom
Data sourced by ET from industry tracker Venture Intelligence showed that almost 50% of the $24.5 billion in total funds raised by Indian startups between January and September has been ploughed into 73 companies in follow-on rounds.
Unicorn valuations gallop in record time amid IPO rush
Fewer available assets, Covid-led growth, cheap liquidity accelerate valuation by 12-18 months
E-commerce seller beware
Between the investigation into their business practices and the government’s proposed changes to the ecommerce rules, Flipkart and Amazon find themselves in a tight spot.
Tata Sons builds a marketplace for small and medium enterprises
Tata Sons is marrying proven models of Chinese e-commerce player Alibaba and Internet firms such as Google and Zoho to build a marketplace for small and medium enterprises (SMEs) in India.
YouTube says it paid more than $30 billion to creators
YouTube Shorts, the short-video offering from the Google-owned video-sharing site, has notched up 3.5 billion daily views since it started beta testing the service in India late last year.
ETtech Evening Briefing on 27 Jan. 2021: Top Tech News Today, in 10 Minutes
From Pine Labs’ AllTap app for contactless payments to Bytedance’s layoffs in India in the aftermath of the TikTok ban, here’s a look at the top tech news today.
DaMENSCH raises Rs 50 crore led by Matrix Partners, Saama Capital, others
DaMENSCH sells through its own website and other major e-commerce retailers such as Amazon, Flipkart, and Myntra.
Franklin PE arm exits Dailyhunt, clocking over 3-fold return
The new round of funding has valued Dailyhunt at about Rs 2,100 crore, a slight premium to its previous round valuation of Rs 1,700-Rs 1,800 crore, according to Registrar of Corporate Affairs filings reviewed by ET.
How will startups steer their way in 2017?
Increasingly online marketplaces will turn to categories that drive repeat purchases like groceries, with customers both offline and online.
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