ShareChat’s CBO Gaurav Jain Resigns Amid Leadership Shifts and Revenue Growth

Gaurav Jain is exiting his role as ShareChat’s CBO (Chief Business Officer), with CFO Manohar Charan stepping in to manage operations. Jain joined in 2022 from Snap and Meta. This comes amid leadership reshuffles, recent layoffs, and rising ad revenue. Despite internal changes, the company’s FY24 earnings climbed 33%, showing strong momentum across mid-market and FMCG sectors.

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Alta lands $11M to turn AI-powered fashion dreams into reality with backing from top-tier investors

Jenny Wang’s dream AI stylist startup, Alta, just raised $11M in seed funding led by Menlo Ventures. Alta allows users to build a digital wardrobe, receive personalized style recommendations, and virtually try on outfits using a custom avatar. With backing from top names like Michelle Obama’s stylist and LVMH-linked investors, Wang plans to expand globally, grow her team, and improve the tech.

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WhatsApp to Start Showing Ads on Status & Channel Feeds

WhatsApp will soon display ads on the Status screen, similar to Instagram Stories. Meta says targeting will rely on general signals like location and app activity, not private messages. Users can also subscribe to exclusive channel content. With over 1.5 billion daily users on Status and Channels, this marks a major revenue shift beyond its business tools.

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Aspora Lands $50M Funding to Grow Its NRI-Focused Financial Platform

Aspora (formerly Vance) is rapidly scaling up its remittance platform for NRIs, processing $2B annually—up 6x in a year. With over $99M raised, including a new $50M Series B led by Sequoia and Greylock, the startup is now valued at $500M. Starting in the UK, it’s expanding into the U.S., Canada, Singapore, and Australia. Aspora plans to launch NRI-focused services like bill pay, FDs in foreign currency, full-stack bank accounts, and even elderly care back in India—transforming into an all-in-one financial hub for the diaspora.

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Google Might Be Cutting Ties with Scale AI

Looks like Google’s $200M deal with Scale AI is on shaky ground. According to Reuters, Google’s eyeing other vendors after Meta’s massive investment in Scale. Microsoft and OpenAI are also dialing things back. Scale insists they’re still solid and independent—but with major clients backing off, things feel… a bit tense right now.

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Clay’s Valuation Doubles, Hits $3B With CapitalG Backing

AI sales startup Clay just closed a new funding round, rocketing its valuation to around $3 billion. That’s twice what employees recently sold shares for in a separate deal. The company, used by giants like OpenAI and Canva, helps sales teams find leads and automate outreach — and it’s catching fire in the sales tech world.

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Meta Invests in Scale AI as Founder Moves to Meta’s AI Team

Meta’s latest bet on AI sees it investing in Scale AI, valuing the company at over $29B. Alexandr Wang, the founder, will be joining Meta to focus on AI initiatives, with Jason Droege taking over as interim CEO. The deal boosts Scale’s innovation push and gives shareholders a payout, with Meta gaining a minority stake.

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Coinbase Teams with Amex for Bitcoin Rewards Credit Card

Coinbase is launching a new Amex-powered credit card for its Coinbase One members, offering 2–4% bitcoin back on purchases. Set to roll out this fall, the card includes perks via the Amex network. Coinbase also introduced a $4.99/month “Basic” subscription tier with zero trading fees (up to $500), staking boosts, and card access.

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Apple’s iOS 26 Unveils Android-Inspired Features at WWDC 2025

iOS 26 borrows heavily from Android—adding call screening, hold assist, live translations, contextual actions, and a new camera UI. While Apple won’t admit it, these features mirror Pixel and Samsung tools already out for years.
iPhone users are now gaining access to smart features that Android users have been enjoying for years.

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Landbase Raises $30M to Reinvent AI-Powered Marketing Outreach

Ex-AppDirect co-founder Daniel Saks just raised $30M for Landbase, an AI tool that automates cold outreach using lessons from 40M campaigns. Powered by GPT-4o, it focuses on building “digital trust,” not pretending to be human. With 100+ clients and major VC backing, it’s aiming beyond tech—straight for SMBs.

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