BRIGHTCHAMPS EXTENDS COURSE AVAILABILITY WITH SCHOLA
Aiming to dominate the K–12 education market, Singapore-based Startups, learning platform Schola was bought by tech firm Brightchamps for $15 million in cash and equity. For children (ages 4–15), Schola offers live, one-on-one courses to help them improve their communication abilities. The platform provides leadership, public speaking, English language classes, and other topics.
Based in Bengaluru, Brightchamps provides “next-generation” specialized seminars and courses in robotics and coding. With this acquisition, the business will be able to expand its offers and, consequently, its customer base.
A GLITCH FOUND IN THE METAVERSE
Facebook users started reporting bugs in the algorithm of the mobile programme over a month after the last outage. On their social media feeds, complainants claimed to notice “random” posts from accounts and pages they never interacted. The internet was inundated with memes, even though they only lasted a few hours. Similar to the previous instance, this caused consumers to switch to other platforms like Instagram or Twitter.
A month ago, customers experienced severe FOMO when Meta’s Instagram and Facebook were unavailable for many hours.
NEW SOCIAL MEDIA FOR THE WORKPLACE GETS LAUNCHED
Microsoft introduced Viva Engage, a new social media platform to encourage workplace interaction. Like Yammer, it was created within the MS Teams programme (another app by MS Office). Communities like those in Yammer will coexist with tales and stories like those found on our (now) standard social media platforms in Viva Engage. Individuals can access the timelines of the people they follow and communicate with by joining existing groups.
The software, scheduled to launch in September, will enable connectivity with other Microsoft applications like Outlook, Teams, etc.
SERVIFY MAKES $65 MILLION
Despite the ongoing funding ban, device management firm Servify obtains $65 million in fundraising as part of its pre-IPO round, sponsored by the Singularity Growth Opportunity Fund. Smartphone OEMs can purchase white-label warranty and after-sales support packages from Servify. Some brands the company collaborates with include Nokia, Samsung, Amazon, Motorola, Apple, Flipkart, and Walmart.
TVS MOTOR’S NEWEST VENTURE
TVS Motors, a leading domestic two-wheeler manufacturer, has announced the purchase of a 48% share in Narain Karthikeyan’s startup DriveX for $85.4 crores. DriveX’s funding aims to support cutting-edge technologies that will steer this change. By November 30, 2022, the acquisition is expected to be complete.