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Good evening,
It s raining unicorns in India with two startups Meesho and Cred entering the coveted club in as many days.
Also in today s letter:
Clubhouse s monetisation play
Cred is India s newest startup unicorn
Two-year-old Cred has become one of India s youngest
startup unicorns by landing $215 million in new funds. The round was led by new investor Falcon Edge and existing investor Coatue Management.
Valuation jump: Cred s valuation has jumped to $2.2 billion from $800 million just three months ago, when it raised $81 million in its Series C round.
Good News : linkedin to start audio chatting feature
india.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from india.com Daily Mail and Mail on Sunday newspapers.
Signal App Banned In China Know Reason : इस देश में बैन हुई WhatsApp को टक्कर देने वाली Signal ऐप, जानें कारण
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
व्हाट्सऐप को मात देने वाला Signal ऐप चीन में हुआ बैन - WhatsApp competitor Signal app banned by China Gov
digit.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from digit.in Daily Mail and Mail on Sunday newspapers.
TikTok owner said to be developing Clubhouse-like app for China
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TikTok owner said to be developing Clubhouse-like app for ChinaBy Yingzhi Yang, Pei Li and Brenda Goh, Reuters
Last Updated: Mar 05, 2021, 09:49 PM IST
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Synopsis
Clubhouse s early success has triggered a rash of copycat social audio apps, including those by Xiaomi and Twitter. TikTok owner ByteDance s plans, however, are still in the early stages.
Reuters
TikTok owner ByteDance Inc. is working on a Clubhouse-like app for China, sources familiar with the matter said, as the global success of the US-based audio chat service inspires a rush of copycats in the country.