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.
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
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