Priyanka Iyer / Moneycontrol:
India-based DotPe, which helps businesses get online, raised a $58M Series B led by Temasek, and says it will introduce digital lending to merchants — The company plans to use the proceeds of the fundraise to grow its merchant base three times in the next two to three years
Lucy Harley-McKeown / The Block:
Web3 gaming and VC firm Animoca Brands raised $110M via convertible notes led by Temasek, Boyu Capital, and GGV, after raising $434M in 2022 — – Animoca Brands confirmed earlier reports it had raised a fresh funding round of $110 million. — Temasek, Boyu Capital and CGV Capital are now backing the firm.
Krisztian Sandor / CoinDesk:
A look at what went wrong at decentralized lending protocol Maple Finance, as $54M in loans, or 66% of its lending pools, turn bad and what could happen next — Maple Finance, the largest unsecured crypto lending platform, is grappling with a debt crisis while gearing up for a major system upgrade.
Nikhil Patwardhan / Moneycontrol:
Simplilearn, which offers upskilling courses, bootcamps, and certifications, raised $45M led by GSV Ventures; Blackstone acquired a $250M majority stake in 2021 — The higher learning edtech platform will use the funds to boost its growth plans in India and international markets
Vikas SN / Moneycontrol:
Meta confirms WhatsApp India head Abhijit Bose and India’s public policy head Rajiv Aggarwal have stepped down; sources say the exits are not layoff related — Shivnath Thukral, who is currently serving as the director of public policy at WhatsApp India, has been appointed the director …
Vikas SN / Moneycontrol:
Google extends third-party in-app billing to India, Australia, Indonesia, Japan, and the European Economic Area; non-gaming developers globally can participate — All non-gaming developers can offer an additional billing option to their mobile and tablet users on Google Play in India …
Moneycontrol:
WhatsApp confirms Manesh Mahatme, who led its Indian payments business, has stepped down after 18 months; a source says Mahatme plans to rejoin Amazon — Mahatme’s resignation comes at a time when WhatsApp’s mobile payments business has failed to take off in a significant fashion in India
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