Debjyoti Roy / Livemint:
New Delhi-based diabetes management app BeatO raised a $33M Series B led by Lightrock India, with Flipkart and others participating — Diabetes management app BeatO has raised $33 million in its Series B round of funding led by impact investor Lightrock India.
Livemint:
India proposes a legal framework to regulate over-the-top communications services, such as WhatsApp and Signal, including seeking access to data — WhatsApp, Signal and other interception of over-the-top communication services will soon come under a legal framework, the Centre said citing a new draft telecommunications bill.
Financial Times:
Flipkart CEO Kalyan Krishnamurthy says the company will cut back on dealmaking and hiring as losses mount, amid fierce competition from Amazon and Reliance — CEO Krishnamurthy insists country’s ecommerce sector remains ‘vibrant’ — Flipkart’s chief executive says the Walmart-owned ecommerce group …
Sofi Ahsan / The Indian Express:
An Indian high court orders Telegram to reveal phone numbers, emails, IP addresses, and more details about users who allegedly shared copyrighted study material — Telegram had argued that under its privacy policy, unless a person is declared a terror suspect, user information could not be disclosed.
Kyle Wiggers / TechCrunch:
Dataloop, which offers data annotation and unstructured data management tools, raised a $33M Series B led by Nokia Growth, bringing its total funding to $50M — Data annotation, or the process of adding labels to images, text, audio and other forms of sample data, is typically a key step in developing AI systems.
Pranav Balakrishnan / The Economic Times:
Bain & Co. and Flipkart report: India’s e-commerce userbase is expected to grow 25%-30% annually for the next five years and pass the US’ number in two years — The online shopper base in India, which was at 180-19 million in 2021, will also increase to about 400-45 million users by 2027 …
Ingrid Lunden / TechCrunch:
London-based V7, which offers an API for data annotation and labeling needed for AI training models, raised a $33M Series A led by Radical Ventures and Temasek — Artificial intelligence promises to help, and maybe even replace, humans to carry out everyday tasks and solve problems that humans …
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