Uni, an Indian startup that offers users pay-later cards, has raised $70 million in a financing round as it looks to broaden its product offerings in the South Asian market. General Catalyst led the one-year-old startup’s Series A funding. Eight Roads Ventures, Elevation Capital, Arbor Ventures as well as existing investors Lightspeed and Accel participated in the round.
Ordering groceries, vegetables and daily essentials is just a WhatsApp away as billionaire Mukesh Ambani’s e-commerce platform JioMart taps into the popular messaging app to scale up online business in its fight for dominance in the giant Indian retail market with Amazon and Walmart-owned Flipkart.
India-based esports team 7Sea Esports has been bought by Ampverse, marking the esports media company’s entry into the world’s largest mobile gaming market. According to Sensor Tower, India currently has the most mobile game downloads for a country, with almost half a billion year-on-year increase recorded in Q1 2021. It predicts gaming and esports will continue to see growth in India, with smartphone penetration and digital adoption swiftly increasing, and India is projected to exceed China as the world’s most populous country by 2025.
AI-edited content is less concerning than AI-generated content — that’s the takeaway from Meta’s adjustment to its AI labeling on Facebook and other platforms. The “AI info” label will continue to appear on AI-generated content. Where content has only been modified or edited using AI, the label will appear more demurely in the post’s menu.