In today’s trading session, major cryptocurrencies signaled a modest upward trend, with Bitcoin and Ethereum noting slight increases. This uptick is closely watched by industry analysts, as it comes amidst a broader discussion about the stability and future prospects of digital currencies. Bitcoin, the largest cryptocurrency by market capitalization, experienced a marginal gain of 0.5%,…
In a significant move within the Indian e-commerce sector, Infibeam Avenues has decided to divest its e-commerce division to technology company Rediff.com in a deal valued at Rs 800 crore. This strategic sale is anticipated to greatly alter the dynamics of the online retail landscape in one of the world’s fastest-growing markets. According to an…
In a significant consolidation move within India’s e-commerce sector, Infibeam Avenues has agreed to sell its e-commerce platform to Rediff.com for approximately Rs 800 crore. This deal signifies a pivotal reshuffling in an industry that is currently dominated by giants like Amazon and Flipkart. According to sources familiar with the discussions, the strategic decision for…
In a strategic move that has captured the attention of industry analysts, Icertis, a leader in cloud-based contract management services, has announced the promotion of its Chief Operating Officer Monish Subbaraman to the position of Chief Executive Officer. This notable executive reshuffling comes as the company gears up to expand its operations and delve deeper…
In a significant development in the cryptocurrency sector, over 93 percent of creditors have given their nod to the restructuring plan proposed by WazirX, a prominent cryptocurrency exchange. This approval signals the commencement of the much-anticipated refund process to stakeholders impacted by the financial turmoil surrounding the exchange. The news, first reported by Startup News.FYI…
In a recent report from Calcalistech entitled “Israeli high-tech companies raised $2.3 billion in Q3 2023,” data presented suggests a more profound nuance in the tech industry’s ongoing battle with economic headwinds. The figures, although an uptick from the prior quarter indicating a certain resilience, unveil an unfolding narrative of cautious optimism mingled with strategic…
In an announcement that has excited the gaming community, Team Cherry, the developers behind the critically acclaimed indie game “Hollow Knight,” have confirmed that their much-anticipated sequel, “Hollow Knight: Silksong,” will be released just in time for the 2025 holiday season. The team clarified that the launch of the game is not associated with the…
Amid a global shift towards diversifying technology investments, India’s startup ecosystem is increasingly turning its gaze towards the United Arab Emirates, a move aimed at accessing broader markets and tapping into the Gulf nation’s favorable business environment. As reported by The Economic Times in their article “Indian VCs, startups heading out to ride UAE’s big…
In a significant leap forward for the fintech sector, Stavtar, a US-based startup specializing in spend management solutions for small and mid-sized businesses, has successfully closed a $55 million Series A funding round. The capital infusion is aimed at expanding Stavtar’s technological capabilities and market reach, tapping into a growing demand for efficient financial tools…
In a recent development that has reverberated through the gaming industry, Bend Studio, the esteemed developer behind the popular video game “Days Gone,” has announced a significant reduction in its workforce. According to an article titled “Days Gone Developer Bend Studio Confirms Layoffs, 30 Percent of Staff Reportedly Impacted” published on Startup News, the Oregon-based…
