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India’s startup funding declines by 33% in 2022 🙃
WazirX surpasses $100 million in revenue in FY22
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Bill Gates plans to sell his possessions to fund his philanthropic foundation.
When asked if it was contradictory for him to own so much farmland while being a humanitarian, Gates said, “Everything I own will be sold.”
Apple’s App Store has strict guidelines, leading to many apps being banned for breaking the rules.
Apple has also removed apps at the request of some governments, which has caused concern among activists.
Meta and Apple are no longer ranked among the best places to work according to a new Glassdoor ranking.
This is the first time in over a decade that the tech giants have not made the list.
OpenAI is now charging for ChatGPT, its popular AI-powered chatbot that can write essays, emails, poems, and computer code.
OpenAI is exploring ways to monetize ChatGPT to ensure its long-term sustainability.
Meta rescinded full-time offers from some job candidates.
“As we continue to reassess our hiring needs, we’ve made the difficult decision to withdraw offers to a small number of candidates,”
Cashify’s re-commerce marketplace has seen impressive growth, including a $90 million funding.
Gross revenue from operations grew 50% to Rs 498 crore in FY22 from Rs 333 crore in FY21.
Cryptocurrency exchange WazirX has faced several regulatory issues in the past year, including raids and frozen bank accounts by the Enforcement Directorate (ED).
Despite this, WazirX has achieved $100 million in revenue in FY22.
A report titled “Startup Tracker-CY 22” reveals that startup funding in India has decreased by 33% to $24 billion in 2022.
Despite the global economic slowdown, global investors remain positive about the Indian startup ecosystem.
MG Motor India expects 25% of sales to be electric vehicles by 2023.
SAIC Motor has a wide portfolio of new energy vehicles (NEVs) available for MG to choose from for sale in India, including electric, hybrid and fuel cell cars.
PC demand dropped significantly during the holiday season.
Gartner estimates a 28% year-over-year decline in PC shipments in the fourth quarter of 2022.
This is the steepest quarterly decline Gartner has ever recorded.