Social Media

Sharechat looking to acquire AI and ML startups
Twitter backed ShareChat is looking at acquiring startups in areas like AI, ML along with online gaming, live streaming among others to give its platform which operates in 15 regional languages a boost.


Economictimes

 
Fintech
Cred Forays Into Digital Lending With Rent Payments Via Credit Card

Cred members can pay their monthly rent via credit cards. Cred is going to charge up to 1.75% of the rent amount as fees. The lending products will be enabled as a pilot for a select group of users

Inc42


Hospitality
Ritesh Agarwal’s OYO Share Buyback At High Valuation Could Backfire As Revenue Crashes

OYO founder had taken up bank collaterals for a share buyback shares last year. SoftBank had booked profits on OYO’s rising valuation and may now be forced to take losses. OYO is currently losing up to 60% of its revenue due to the impact from Covid-19
 
Inc42
 
Healthcare
KKR steps in as BK Modi exits healthcare business

Private equity giant KKR, which has been looking to expand its hospital presence in India
 

Vccircle