Week Wrap Up: From a Variety of Apps Shutting Down to Swiggy Raising Billion-dollar Fund. Here's All You Need to Know
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Musings at the Best
Anand Mahindra is a funny man and it's visible on Twitter! The Mahindra CEO takes his WhatsApp forwards to Twitter and this year the one that made us laugh the most, was a video of a dancing Scorpio car.
2018 was not so happening many tech apps. Apart from Yahoo messenger and Facebook’s teen app, a string of Google applications got killed due to lack of usage. (Please remove at the same time)
One person can’t build a billion-dollar empire alone. There’s a whole bunch of talented people behind the success. Alibaba Chairman Jack Ma stepped down as company chairman to allow the younger generation to take over leadership roles.
Employees Take a Stand
The year was not so happening for the tech companies. While Google employees all over the world walked out of their offices to stage protest over mishandling of sexual harassment accusations, Amazon employees chanted we are not robots.
Swiggy emerged as the winner of funding game 2018. The foodtech platform, which joined the unicorn club earlier this year, recently raised $1 billion in series H round of funding led by existing investor Naspers.
India witnessed a dramatic rise of unicorns in 2018. 8 Indian startups (Oyo Rooms, Zomato and Swiggy, Udaan, Byju's, Paytm Mall, Freshworks and Policybazaar) joined the billion-dollar valuation club this year, taking the Indian unicorn statistics to 18.
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