The world over, governments have become acutely aware of issues around content moderation on social media and have been coming up with legislative frameworks that seek to reign in these platforms.
The company did not disclose the size of the acquisition. With the acquisition of Neurafarms.ai, AiDash strengthens its product line and adds valuable talent to its team, according to a statement. ■ AiDash announced the acquisition of geospatial and AI (artificial intelligence) powered farming solutions provider Neurafarms.ai. RetainIQ plans to use the capital to rapidly scale its operations, accelerate product development, and expand its core teams across engineering, product, sales, marketing and operations. ■ RetainIQ, an ecommerce marketing company, said that it has raised $2.3 million (Rs 17.2 crore) in a funding round led by venture capital firm Accel Partners. The startup has also raised capital from over 70 individuals such as Balaji Srinivasan, former chief technology officer at Coinbase Nithin Kamath, cofounder of Zerodha and Kunal Bahl, founder of Snapdeal, among others. Antler India, Picus Capital (Germany), M Venture Partners (Singapore), BECO Capital (Dubai) and 2amVC (the US) also invested in the round, which values the startup at $33 million. ■ Invact Metaversity has raised $5 million in a seed round led by Arkam Ventures. The company, which sells dry fruits, trail mixes, nut protein bars and muesli, will use the funds to grow its D2C channel and distribution network, it said in a statement. ■ Direct-to-consumer (D2C) healthy snacking brand Happilo has raised $25 million from Motilal Oswal PE (MOPE). Wego claims to be the largest online travel marketplace in the Middle East and North Africa and is backed by Tiger Global Management, Crescent Point, Square Peg Capital, Middle East Venture Partners and the MBC Group. After the deal, Flipkart's Cleartrip will have operations only in India. The deal also involves a technology sharing agreement between Flipkart and Wego. , a Saudi-based travel company Cleartrip acquired in 2018, will be sold to Wego as a part of the deal. The boards of directors of Wego and Flipkart have approved the transaction, which is expected to close in the second half of 2022, the statement said. Cleartrip had organically expanded into the region in 2010.
Wego, an online travel marketplace in the Middle East, has signed an agreement with Flipkart Group to acquire Cleartrip’s Middle-East business. It was the fifth round of Chinese app bans dating back to June 2020. The company will also consider taking properties from India to other emerging markets in future but does not have any immediate plans to build games out of India.Īpp war continues: On February 15, we reported that the Indian government had issued fresh orders to ban over 54 Chinese apps, terming them a threat to the privacy and security of Indians. Investment strategy: Rather than focus on a predefined opportunity, Krafton is looking at opportunities across stages, with investments so far ranging from small seed rounds to $48 million in Pratilipi. In 2021, the company launched Battlegrounds Mobile India, the Indian version of PUBG Mobile. Though Krafton owns PUBG, it had licensed PUBG Mobile to China’s Tencent, which is presumably why it was banned.
In the past 10 months, it has announced six deals totalling about $86 million, including investments in game studio Nautilus, game streaming platform Loco, esports firm Nodwin Gaming, and Indian language content firm Pratilipi.īack from the dead: The original PUBG Mobile game was one of 59 China-linked apps banned in India in September 2020. Show me the money: The company has committed to investing more than $100 million in India’s startup ecosystem. We feel Indian IP is going to be super important, not just in India but also globally in the next five to six years,” said Anuj Tandon, head of corporate development, India and MENA, Krafton. markets have their own flavour for media and entertainment, and can’t be typecast. “India is like our hub for emerging markets. India template: The company said it is looking to replicate its approach in India across other emerging markets. Krafton, the South Korean gaming firm behind PUBG, is making India the hub of its emerging markets strategy as it looks to expand its global presence following an initial public offering (IPO) last year.