Indian Startup News Ep 53: FAU-G Launch, Chinese App Ban, TikTok Job Cuts in India & BuyUcoin Hacke
This week in Indian Startup News, nCore Games launches FAU-G, permanent ban on 59 Chinese apps and TikTok cuts jobs in India, BuyUCoin data breach, Sridhar Vembu gets Padma Shri, Licious announces its first ESOP and Wingreens Farms acquires Raw Pressery. In funding news, Bombay Shaving Company raises Rs 45 crore, Makers Hive raises $9 million and Headfone raises Rs 22 crore. Link to Caleb’s channel: https://youtu.be/XPfo44B1gWc 00:00 Intro 00:26 nCore Games launches FAU-G 04:16 Permanent ban on 59 Chinese apps and TikTok cuts jobs in India 05:56 BuyUCoin data breach 07:40 Sridhar Vembu gets Padma Shri 11:06 Licious announces its first ESOP 12:04 Wingreens Farms acquires Raw Pressery 13:19 Bombay Shaving Company raises Rs 45 crore 14:21 Makers Hive raises $9 million 15:35 Headfone raises Rs 22 crore nCore Games launches FAU-G: After months of anticipation, ‘Fearless and United Guards’ or FAU-G launched this week. Within 24 hours of launch, the game was already the number one free game in India with more than 5 million downloads. https://www.91mobiles.com/hub/faug-top-free-game-google-play-store-downloads/ Permanent ban on 59 Chinese apps and TikTok cuts jobs in India: After a temporary ban on 59 Chinese apps back in June 2020, the government has issued a permanent after deeming the explanation of these apps inadequate. These 59 apps include – ByteDance’s TikTok, Baidu, Helo, WeChat, Alibaba’s UC Browser, Mi Video Call, Bigo, Clash of Kings, Cam Scanner and Club Factory. Following the news, TikTok’s parent company ByteDance which employs 2,000 people in India has decided to cut its losses and started scaling downs its operations by laying of two-third of its workforce in the country. Looks like TikTok has given up on any hopes of a comeback. https://techcrunch.com/2021/01/26/bytedance-to-cut-jobs-in-india-amid-tiktok-ban/ BuyUCoin data breach: A few weeks back, data of 35 million Juspay users was breached. Now, Indian cryptocurrency trading platform BuyUCoin has faced a cyber attack and according to reports, data of 325,000 users have been breached. Data leaked includes – PAN card number, email address, mobile number, bank details and user wallet details, etc. https://economictimes.indiatimes.com/tech/technology/buyucoin-suffered-data-leaks-three-times-last-year-rajshekhar-rajaharia/articleshow/80393090.cms Sridhar Vembu gets Padma Shri: Founder and CEO of India’s SaaS unicorn Zoho Sridhar Vembu has been conferred with the prestigious Padma Shri. Sridhar Vembu has not only pioneered make in India for the world but also created one of India’s most successful company in the process. Today, Zoho’s products are being used by more than 50 million users across the world and it is also providing employment to more than 9,000 people. https://www.forbesindia.com/article/big-bet/cover-story-sridhar-vembus-vision-from-the-village/59833/1 Licious announces its first ESOP: Online meat delivery startup Licious has announced its first Employee Stock Ownership Plan (ESOP) which will benefit 800 of its employees including processing centre staff, delivery boys and corporate employees. These ESOPs can be exercised over a period of four years from the date of grant. https://economictimes.indiatimes.com/tech/startups/licious-launches-first-esop-for-over-800-employees-across-functions/articleshow/80447333.cms Wingreens Farms acquires Raw Pressery: According to an ET report, fresh snacks brand Wingreens Farms has acquired cold pressed fresh juice maker Raw Pressery at a valuation of around Rs 100 crore. This is a significant discount from its previous valuation of Rs 500 crore back in 2018. https://economictimes.indiatimes.com/tech/startups/wingreens-farms-acquires-raw-pressery-at-a-fifth-of-its-2018-valuation/articleshow/80389060.cms Bombay Shaving Company raises Rs 45 crore: Mens grooming brand Bombay Shaving Company has raised Rs 45 crore from Reckitt Benckiser, Rajesh Sud, Anjali Bansal and Kuldeep Jain. https://economictimes.indiatimes.com/tech/funding/startup-funding-news-reckitt-benckiser-leads-rs-45-crore-funding-round-in-bombay-shaving-co/articleshow/80486781.cms Makers Hive raises $9 million: Makers Hive, the maker of bionic arm called KalArm, has raised $9 million from Starfish Growth Partners and Investpad. https://yourstory.com/2021/01/funding-alert-makers-hive-starfish-growth-partners Headfone raises Rs 22 crore: Headfone has raised Rs 22 crore from Hashed, Seung Yoon Lee, Axilor Ventures and Fosun RZ Capital. https://yourstory.com/2021/01/funding-social-audio-startup-headfone-south-korean-investment-firm-hashed BwM Hindi Channel: https://www.youtube.com/channel/UCMspFCCJpRkaiiHFetgauPQ LinkedIn: https://www.linkedin.com/company/backstagewithmillionaires/ Twitter: https://twitter.com/bwmillionaires/ Instagram: https://www.instagram.com/backstagewithmillionaires/ Discord: https://discord.gg/XySGGhXKep #startupnews #backstagewithmillionaires #bwm
This week in Indian Startup News, nCore Games launches FAU-G, permanent ban on 59 Chinese apps and TikTok cuts jobs in India, BuyUCoin data breach, Sridhar Vembu gets Padma Shri, Licious announces its first ESOP and Wingreens Farms acquires Raw Pressery. In funding news, Bombay Shaving Company raises Rs 45 crore, Makers Hive raises $9 million and Headfone raises Rs 22 crore. Link to Caleb’s channel: https://youtu.be/XPfo44B1gWc 00:00 Intro 00:26 nCore Games launches FAU-G 04:16 Permanent ban on 59 Chinese apps and TikTok cuts jobs in India 05:56 BuyUCoin data breach 07:40 Sridhar Vembu gets Padma Shri 11:06 Licious announces its first ESOP 12:04 Wingreens Farms acquires Raw Pressery 13:19 Bombay Shaving Company raises Rs 45 crore 14:21 Makers Hive raises $9 million 15:35 Headfone raises Rs 22 crore nCore Games launches FAU-G: After months of anticipation, ‘Fearless and United Guards’ or FAU-G launched this week. Within 24 hours of launch, the game was already the number one free game in India with more than 5 million downloads. https://www.91mobiles.com/hub/faug-top-free-game-google-play-store-downloads/ Permanent ban on 59 Chinese apps and TikTok cuts jobs in India: After a temporary ban on 59 Chinese apps back in June 2020, the government has issued a permanent after deeming the explanation of these apps inadequate. These 59 apps include – ByteDance’s TikTok, Baidu, Helo, WeChat, Alibaba’s UC Browser, Mi Video Call, Bigo, Clash of Kings, Cam Scanner and Club Factory. Following the news, TikTok’s parent company ByteDance which employs 2,000 people in India has decided to cut its losses and started scaling downs its operations by laying of two-third of its workforce in the country. Looks like TikTok has given up on any hopes of a comeback. https://techcrunch.com/2021/01/26/bytedance-to-cut-jobs-in-india-amid-tiktok-ban/ BuyUCoin data breach: A few weeks back, data of 35 million Juspay users was breached. Now, Indian cryptocurrency trading platform BuyUCoin has faced a cyber attack and according to reports, data of 325,000 users have been breached. Data leaked includes – PAN card number, email address, mobile number, bank details and user wallet details, etc. https://economictimes.indiatimes.com/tech/technology/buyucoin-suffered-data-leaks-three-times-last-year-rajshekhar-rajaharia/articleshow/80393090.cms Sridhar Vembu gets Padma Shri: Founder and CEO of India’s SaaS unicorn Zoho Sridhar Vembu has been conferred with the prestigious Padma Shri. Sridhar Vembu has not only pioneered make in India for the world but also created one of India’s most successful company in the process. Today, Zoho’s products are being used by more than 50 million users across the world and it is also providing employment to more than 9,000 people. https://www.forbesindia.com/article/big-bet/cover-story-sridhar-vembus-vision-from-the-village/59833/1 Licious announces its first ESOP: Online meat delivery startup Licious has announced its first Employee Stock Ownership Plan (ESOP) which will benefit 800 of its employees including processing centre staff, delivery boys and corporate employees. These ESOPs can be exercised over a period of four years from the date of grant. https://economictimes.indiatimes.com/tech/startups/licious-launches-first-esop-for-over-800-employees-across-functions/articleshow/80447333.cms Wingreens Farms acquires Raw Pressery: According to an ET report, fresh snacks brand Wingreens Farms has acquired cold pressed fresh juice maker Raw Pressery at a valuation of around Rs 100 crore. This is a significant discount from its previous valuation of Rs 500 crore back in 2018. https://economictimes.indiatimes.com/tech/startups/wingreens-farms-acquires-raw-pressery-at-a-fifth-of-its-2018-valuation/articleshow/80389060.cms Bombay Shaving Company raises Rs 45 crore: Mens grooming brand Bombay Shaving Company has raised Rs 45 crore from Reckitt Benckiser, Rajesh Sud, Anjali Bansal and Kuldeep Jain. https://economictimes.indiatimes.com/tech/funding/startup-funding-news-reckitt-benckiser-leads-rs-45-crore-funding-round-in-bombay-shaving-co/articleshow/80486781.cms Makers Hive raises $9 million: Makers Hive, the maker of bionic arm called KalArm, has raised $9 million from Starfish Growth Partners and Investpad. https://yourstory.com/2021/01/funding-alert-makers-hive-starfish-growth-partners Headfone raises Rs 22 crore: Headfone has raised Rs 22 crore from Hashed, Seung Yoon Lee, Axilor Ventures and Fosun RZ Capital. https://yourstory.com/2021/01/funding-social-audio-startup-headfone-south-korean-investment-firm-hashed BwM Hindi Channel: https://www.youtube.com/channel/UCMspFCCJpRkaiiHFetgauPQ LinkedIn: https://www.linkedin.com/company/backstagewithmillionaires/ Twitter: https://twitter.com/bwmillionaires/ Instagram: https://www.instagram.com/backstagewithmillionaires/ Discord: https://discord.gg/XySGGhXKep #startupnews #backstagewithmillionaires #bwm