Tinder replaces Netflix as highest-earning app; No Ola Share after 11 pm in Bengaluru and Chennai
Online dating has been around for a long time but online dating apps are now in the rage. In fact, for the first time since late-2016, Netflix has been dethroned from its position of being the highest-earning non-gaming app by none other than dating app Tinder. The app grossed $260.7 million from Google Play Store and Apple App Store, while Netflix revenues dropped 15 percent since last quarter to reach $216.3 million, reveals a study.
Uber files much awaited IPO; valuation reported close to $100B
In one of the most awaited IPOs of the world, San-Francisco based ride-hailing giant Uber announced what could be one of the biggest IPOs of all time. The offering could value Uber at a whopping $100 billion. Shares will begin trading from May on the New York Stock Exchange. Reports suggest that this share sale would make it the biggest since China's Alibaba Group began trading on the New York Stock exchange five years back.
Google Pay joins the online gold rush
Google Pay is one of the newest payment players to join the digital gold rush. It will now allow users to buy and sell digital gold on its platform, in a partnership with MMTC-PAMP. Through this partnership, users can buy 99.99 percent 24 karat gold, from the app. The gold, purchased for any value, will be stored on behalf of the user, by MMTC-PAMP, in secure vaults.
PhonePe’s Sameer Nigam reveals its relationship status with Flipkart
Digital payments firm PhonePe recently made the headlines as reports suggested that the Bengaluru-based company was on its way to being hived off from parent Flipkart, after an in-principle approval from the board. Amid these reports, in an exclusive interaction with YourStory, Sameer Nigam, CEO of PhonePe, gives a candid take on the strategic value that PhonePe can deliver to parent company Flipkart, and how the group companies are strategically planning to play to each other’s strengths.
Breathe, walk, earn rewards with desi fitness app Nandoo
Remember the days when you would hit the gym for five days and treat yourself to a sinful dessert on the sixth? Well, what if you could walk 500,000 steps and gift yourself an iPhone XS for free? Homegrown app Nandoo is incentivising fitness with simple activities like walking and breathing, allowing users to earn redeemable awards based on the number of steps walked.
Looking to share a ride at 11 pm or after? Not possible on Ola anymore
If you were looking to take a share ride on Ola in Bengaluru or Chennai between 11 pm and 6 am, you can't anymore. Bengaluru-based ride-hailing unicorn Ola Cabs has decided to suspend its ride-sharing facilities to optimise its service, with the earnings of the driver partners in mind. It is yet to be confirmed if this will happen across the other cities Ola operates.
Now you can react to posts on LinkedIn using reaction emoticons
LinkedIn pulls off a Facebook! One of the most popular sites for professional networking, LinkedIn had kept it pretty old-school with the basic ‘like’ button for its feed. That is, until now. All is about to change as the career-focused social network introduces a host of reaction emoticons – much like what we already have on Facebook. So, will you 'Like' or 'Celebrate'?
[Weekly funding roundup] Startups raise over $262M
Over the last week, the Indian startup ecosystem raised $262 million across 22 deals. The highest funds were raised by Delhi-based clean and renewable energy startup Avaada Energy, which raised $144 million, and CleverTap, which raised $26 million in Series B round, led by Sequoia India.