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Technology + startups

1
Strategy

Facebook launches its mission to make WhatsApp a big money-making venture. It’s not just about Jio.

Facebook is ready to tap the business potential of WhatsApp. An India-centric monetisation plan is being carefully crafted and many steps are being unveiled. Facebook plans to make WhatsApp a money-spinner by connecting India’s businesses — including its 63 million MSMEs, and even local kirana stores — with customers. The tie-up with Jio will help, but that’s not the whole story.

Strategy

Facebook launches its mission to make WhatsApp a big money-making venture. It’s not just about Jio.

Facebook is ready to tap the business potential of WhatsApp. An India-centric monetisation plan is being carefully crafted and many steps are being unveiled. Facebook plans to make WhatsApp a money-spinner by connecting India’s businesses — including its 63 million MSMEs, and even local kirana stores — with customers. The tie-up with Jio will help, but that’s not the whole story.

Cryptocurrency

TCS is ready to mine the new crypto economy, snatches early-mover advantage with Quartz

The Indian IT giant has set its sights on the exploding crypto-assets market globally. Its new product Quartz aims to make swift inroads in cryptocurrency trading in countries like Switzerland and Singapore, where it’s a legal activity, and is eyeing high net-worth, private banking, and wealth-management segments. Quartz may not find takers in India in the absence of regulatory clarity.

Under the lens

Pandemic pointers for Indian IT: make do with small deals, says ISG; and a catch in TCS’s cash flow

The IT sector just had its worst quarter ever. The silver lining: the recovery will be faster than the one from the 2008 financial debacle. Plus, the lockdown showed that outsourcing can help cope with crises better than captive operations. But several issues, like discounts and whether collections from clients will hold up, are still up in the air.

Venture capital

Druva, HeadSpin, Postman: how Nexus Partners pulled off a triple-unicorn feat in enterprise tech

While actively participating in the Indian consumer-Internet gold quest, Nexus placed an equal emphasis on enterprise IT. Today, its line-up of B2B tech startups accounts for two-thirds of its portfolio and roughly half of its USD1.5 billion investment through six funds. Here’s the story of how it built a promising portfolio of enterprise-tech unicorns and soonicorns.

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