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
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 says it has paused enforcement of its in-app billing policy on Google Play in India, following a recent ruling of the Competition Commission of India — Google said on November 1 it has paused enforcement of its in-app billing system in India following a recent ruling of the Competition Commission of India (CCI).
Deepsekhar Choudhury / Moneycontrol:
Source: Indian B2B marketplace Udaan plans to lay off 325 to 350 employees, or about 10% of its workforce, a week after raising $120M in convertible debt — Up to 350 on-payroll employees to get impacted, apart from a number of contractual workers — A week after securing $120 million …
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 …
Callum Cyrus / Tech.eu:
Hamburg-based Fashion Cloud, whose B2B data and content exchange portal is used by ~20K fashion retailers, raised €25M led by Verdane — Around 20,000 fashion retailers already use FashionCloud’s B2B data exchange to receive timely updates on stock and marketing from wholesale fashion brands and other suppliers.
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
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