🍵 Dunzo's loss at 768 Cr; WhatsApp Banned Over 3 Million Accounts in India

Grab 🍵 and enjoy the curated collection of news items across tech and startup space. [NextBigWhat]( NextBigWhat [@nextbigwhat]( Grab 🍵 and enjoy the curated collection of news items across tech and startup space. [Facebook plans to deprioritize political content; Is that good?]( [Facebook plans to deprioritize political content; Is that good?]( ..FB will narrowly define this in ways that are overall not helpful and if past is any indicator in ways that will… [nextbigwhat.com]( [Dunzo revenue jumps 66% to Rs 46 Cr in FY21, outstanding losses balloon to Rs 768 Cr]( - Dunzo saw its revenue from operations swell up in line with its GMV, i.e. growing by 66.5% to Rs 45.8 crore during FY21 from Rs 27.5 crore earned in FY20. - Bottomline: Dunzo still far from breaking even. As a result of the server cost-cutting methods, Dunzo has managed to reduce its annual losses by 33.3% from Rs 338.4 crore in FY20 to Rs 225.7 crore in FY21 [nextbigwhat.com]( [WhatsApp Banned Over 3 Million Accounts in India in June-July, 316 Ban Appeals Received From Users]( - WhatsApp’s latest User Safety Monthly Report reveals that the instant messaging platform banned over three million accounts during the months of June and July this year. - The report also reveals that a total of 316 ban appeals were made by users and India Grievance Officer during the mentioned timeframe and 73 accounts were actually banned. [nextbigwhat.com]( [Air Pollution May Cut Life Expectancy Of 40% Indians By 9 Years: US Study]( - Air pollution is likely to reduce the life expectancy of about 40% of Indians by more than nine years, according to a report released by a U.S. research group on Wednesday. - According to the EPIC’s findings, neighbouring Bangladesh could raise average life expectancy by 5.4 years if the country improves air quality to levels recommended by the World Health Organization. [nextbigwhat.com]( [UPI Logs 3.55 Billion Transactions In August Worth Rs 6.39 Lakh Crore]( - In December 2018, monthly transactions crossed the Rs 1,00,000-crore mark and Rs 2,00,000 crore a year later. - Within 11 months, UPI transactions spiked from Rs 3,29,027 crore in September 2020 to Rs 6,00,000 crore in July 2021. [nextbigwhat.com]( [Only 18% Of Android Users In The US Likely To Consider Switching To The Next IPhone]( - Apple is likely to launch the next generation of iPhone’s in September but a survey conducted in the US shows that only 18% of Android users will consider switching over to Apple’s ecosystem. - The most popular pick among Android users who intended to switch was the next phone in the iPhone Pro Max series, followed by the standard model, the Pro series and then finally, the next iPhone mini. [nextbigwhat.com]( [Savings startup Jar raises $4.5 million from Arkam Ventures, Tribe Capital and others]( Jar, a six-month-old savings platform that lets users invest in gold, has raised $4.5 million led by Arkam Ventures in its first institutional funding. Silicon Valley-based early-stage fund Tribe Capital… [nextbigwhat.com]( [Hero Electric ties up with Wheels EMI for electric two-wheeler loans]( Bengaluru: Hero Electric is collaborating with Wheels EMI to offer easy financing options for the purchase of electric two-wheelers. Customers can do so by choosing from various finance options offered… [nextbigwhat.com]( [Accenture, the silent partner cleaning up Facebook for $500 million a year]( Accenture has taken on the work – and given it a veneer of respectability – because Facebook has signed contracts with it for content moderation and other services worth at… [nextbigwhat.com]( [Fintech co Skeps secures $9.5 mn in Series A]( - Skeps, a fintech startup focused on Point-Of-Sale, has raised $9.5 million in Series A funding led by mid-stage venture capital firm Bertelsmann India Investments. - Recently, Credit Fair, a credit-focused consumer lending fintech startup, raised equity capital of $15 million as part of its seed round led by angel investors Anand Ladsariya and Alok Agarwal. [nextbigwhat.com]( [EarlySalary partners HDB Financial Services for digital loans]( MUMBAI: EarlySalary, a consumer lending platform for working professionals, on Wednesday said it has tied up with non-bank financier HDB Financial Services Ltd to fuel growth in digital lending. HDB… [nextbigwhat.com]( [Google Pay launches digital FD in tie-up with Equitas Small Finance Bank]( 2 min read. Updated: 01 Sep 2021, 02:55 PM IST Meghna Sen. Equitas Small Finance Bank on Wednesday announced that it will now enable users to open fixed deposits on… [nextbigwhat.com]( [Digital mapping solutions provider MapmyIndia files for IPO]( Homegrown digital mapping solutions provider has quietly joined the frenzy of IPOs by Indian internet startups. MapMyIndia is a data and technology products company that offers proprietary digital maps as… [nextbigwhat.com]( [Healthium buys CareNow in third acquisition this year]( Apax Partners owned Healthium Medtech, formerly known as Sutures India, on Wednesday said it has acquired CareNow Medical. CareNow has a manufacturing facility in Coimbatore and with it Healthium will… [nextbigwhat.com]( [Twitter launches Super Follows on iOS]( People who don’t have the Super Follows feature can apply for a waitlist under the monetization tab in the Twitter app. To be eligible, people need to have at least… [nextbigwhat.com]( [Zerodha gets Sebi nod to start mutual fund biz]( Brokerage firm Zerodha on Wednesday received market regulator, Securities and Exchange Board of India’s in-principle approval to start its mutual fund business. Earlier this month, financial services company Bajaj Finserv… [nextbigwhat.com]( [Razorpay looks to raise up to $250 mn, eyes $4 bn valuation]( Fintech unicorn Razorpay is in talks with large global funds to raise $200-250 million at a valuation of around $4 billion, two people familiar with the development… [nextbigwhat.com]( [USV makes its first bet in India by backing EV infra co REVOS]( REVOS is piloting its peer-to-peer charging infrastructure network, BOLT, which will allow users to set up a charging point and earn passive income. The BOLT offering includes an IoT-enabled charging… [nextbigwhat.com]( [Biden’s alliance with Big Tech signals a power shift in the US]( The leaders of Apple Inc, Amazon.com Inc, Microsoft Corp and Alphabet Inc’s Google sat up and listened when US President Joe Biden sought their cooperation last week in protecting American… [nextbigwhat.com]( [This Indian startup introduces world’s first ‘plant-based’ air-purifier]( This Indian startup introduces world’s first ‘plant-based’ air-purifier; all you need to know. IIT Ropar’s startup company, Urban Air Laboratory, which has developed the product claims it… [nextbigwhat.com]( [Apple to let media apps avoid 30% fee after global scrutiny]( Apple Inc. will allow developers of some apps to link from their software to external websites for payments by users, addressing a longstanding App Store complaint and settling an investigation… [nextbigwhat.com]( Did you enjoy this issue? 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