The backstory of Silicon Valley's latest sensation
+ Android users have spent 3.3 trillion hours on their phones...and more headlines
DoorDash went IPO and is a story of sheer execution from first principle thinking. DoorDash (fourth) cofounder, Evan Charles Moore shares the journey.
“The most important hypothesis, for this to work, was that excess consumer demand existed. We’d also have to prove out the labor economics for delivery, and that restaurants would be open to delivery. But consumer demand was clearly the driver that would convince restaurants.”
Read the backstory of most successful IPO of the recent times, Doordash, how it conquered the food delivery market with first principle thinking as told by the cofounder.
Between Calm and Headspace, Here is how the battled panned out
Calm is another B2C that came from behind Started 2 years after Headspace With $1.5m seed round, Calm got to $40m and profitable Overtook Headspace in revenue in '17 despite having a smaller team and now Calm is reportedly raising a $2b. Same markets different outcomes. Why?
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Headline News:
TPG Capital plans to acquire 7% in API Holdings, the parent company of PharmEasy. This move is happening amidst reports of Amazon trying to enter the Indian pharma market by acquiring Apollo Pharmacy.
Reacting to the Advertising Standards Council of India (ASCI) orders to remove 5 misleading ads, Karan Bajaj, the CEO of WhiteHat Jr says “Wish I'd focused on ads earlier”
Aurobindo Pharma has announced that it has got the final approval for its generic sedative injection called Precedex from the US Food and Drug Administration (USFDA)
WhatsApp is reportedly unhappy with the upcoming Apple privacy policy ‘App Tracking Transparency’ which will require apps to show a ‘privacy nutrition’ label that will display the data being collected.
Two major antitrust lawsuits filed by the Federal Trade Commission and a coalition of states could now force Facebook to break up or to sell WhatsApp and Instagram. These lawsuits claim that Facebook used a "buy or bury" strategy to snap up rivals and keep smaller competitors in control.
Analytics firm App Annie’s year-end report says that Android users have spent 3.3 trillion hours on their phones.
Android downloads grew 10% year-on-year to cross the 90 billion mark. Games took a 45% share in these apps — up from 40% last year — as compared to a 30% share on iOS. Unsurprisingly, India, Brazil, and Indonesia were the largest contributors to Android app downloads.
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Maruti Suzuki launches an online car financing platform called ‘Smart Finance ‘across 30 cities in India.
Maruti Suzuki India said in a statement that through the platform, the company is seeking to address the concerns of potential customers related to car finance in the 'new normal' by offering a comprehensive finance solution online with a bouquet of financing options.
BYJU’S has announced that it will be offering free access to its digital tools for the National Skill Development Corporation (NSDC) to train teachers and trainers with key skills and digital tools.
The company said it will share its digital educational content (scholastic and non-scholastic) as free licences with the NSDC ecosystem to equip teachers and students for a quality learning experience.