Nithin Kamath Highlights Zerodha’s 1.6 Crore Users Achieved ‘Without Advertising,’ 30% via Referrals

Investing platform Zerodha has achieved a remarkable milestone of over 1.6 crore users managing assets worth ₹6 lakh crore, co-founder Nithin Kamath shared in a LinkedIn post. The platform’s success is attributed to its customer-centric philosophy, with nearly 30% of its user base joining through referrals.The platform’s growth stands out for its ad-free approach, focusing on customer value rather than flashy marketing. Kamath likened advertising to an addiction. While dominant among English-speaking users, Zerodha aims to expand in Hindi-speaking markets like Uttar Pradesh and Bihar by launching Hindi content channels to boost regional outreach.

Read more on FinancialExpress.

Bluesky and X introduce new video feeds as TikTok faces challenges

Bluesky launched customizable video feeds for targeted content, while X introduced a “Video Tab” offering personalized video recommendations. These updates, arriving amid TikTok’s US ban, position both platforms as potential alternatives for vertical video consumption. Bluesky also highlighted early-stage decentralized TikTok-like apps being developed on its AT Protocol framework.

Read more on The Verge.

TikTok is bringing its service back online in the US

TikTok resumed operations after briefly going dark due to a federal ban. President Trump issued an executive order delaying the ban, ensuring no penalties for service providers. TikTok is now working on a long-term solution to stay in the US, while concerns over liability for supporting the app persist among lawmakers.

Read more on TechCrunch.

Indian Mobility Market Set to Double to $600 Billion by 2030: Google & BCG Report

The Indian mobility market is expected to double to over $600 billion by 2030, driven by electric, shared, and connected mobility, according to Google and BCG. Electric vehicle adoption will surge, with four-wheelers at 15-17% and two-wheelers at 35-40%. Consumer concerns include charging infrastructure and costs, while preferences vary between E4W and E2W. Women influence 52% of EV decisions, with high demand for tech features.

Read more on YourStory.

Meta Introduces ‘Edits’, A New Competitor to CapCut

Meta announced a new video editing app, Edits, launching on iOS next month, with Android to follow. Aimed at creators, the app offers creative tools, insights, and collaboration features. This move follows the removal of ByteDance’s CapCut amid the TikTok ban. Meta aims to capitalize on the gap, similar to its quick launch of Instagram Reels after TikTok’s India ban.

Read more on TechCrunch.

Newmi Care: Transforming Women’s Healthcare with Accessible and Holistic Solutions

Diagnosed with breast cancer twice, Aditi Mittal and her husband Sanchit Agarwal founded Newmi Care in 2022 to address gaps in women’s healthcare. The femtech platform offers retail services like advanced screenings and consultations, operates 10 women’s health clinics in Delhi-NCR, and collaborates with corporate giants like American Express and Deloitte. Newmi also provides tailored OPD insurance products for women, including maternity, hormonal, and cancer care. With funding from USAID and $1.5M in seed capital, Newmi serves over 60,000 women, aiming to expand to 100 clinics by 2026 and provide accessible, holistic healthcare for over a million women.

Read more on YourStory.

Perplexity Acquires Professional Networking Platform Read.cv

AI-driven search engine Perplexity has recently acquired Read.cv, a professional networking platform that was launched in 2021 by former Facebook designer Andy Chung. Read.cv is recognized for its features such as resumes, team profiles, job listings, and a Sites function that allows users to create personal websites with “.cv” domains. However, the platform will start winding down operations this Friday. Users will have the opportunity to export their data until May 16, and the domain transition to Hello.cv will take place on January 31. Perplexity’s CEO, Aravind Srinivas, commended Read.cv for its insights into consumer and social experiences. This acquisition is the third for Perplexity as it broadens its focus on corporate tools, following its impressive $9 billion valuation and $500 million in funding from investors, including Institutional Venture Partners.

Read more on TechCrunch.

SpaceX Catches Starship Booster Again, but Test Flight 7 Ends in Explosion

SpaceX successfully caught the Super Heavy booster for the second time during its seventh Starship test flight. However, the upper stage, Starship, was lost after SpaceX lost contact 8.5 minutes into the flight due to an “oxygen/fuel leak” that caused pressure buildup.

Key Highlights:
  • CEO Elon Musk announced plans to add fire suppression systems and improve venting to prevent future issues.
  • The ship was loaded with 10 dummy Starlink satellites for its first payload test.
  • SpaceX upgraded Starship with new avionics, cameras, and heat tiles to test re-entry technologies.
  • Debris was spotted over Turks and Caicos, prompting FAA action.

Read more on TechCrunch.

Why Did Hindenburg, the Short-Seller Behind Adani’s $150 Billion Market Crash, Shut Down?

Hindenburg Research, known for its critical reports on Gautam Adani, is shutting down after achieving its goals. The firm’s 2023 report triggered a $150 billion selloff in Adani Group’s shares, though most losses were later recovered. Founder Nathan Anderson cited a planned conclusion after completing investigations as the reason for closure.

Founded with no traditional finance background, Hindenburg faced early lawsuits and financial struggles. Its 11-member team led investigations resulting in charges against nearly 100 individuals. Anderson highlighted their impact, saying, “We shook empires that needed shaking,” while acknowledging the toll the work took on personal lives.

Read more on Economic Times.

Meta Voices Concerns Over Antitrust Ruling in India

Meta has raised concerns about a recent decision by India’s Competition Commission (CCI), which found the company had misused its dominant position by bundling certain features on its platforms. According to Meta, this ruling could lead to some features being scaled back, which might affect both users and businesses that depend on its services.

While Meta is committed to complying with regulations, the company has highlighted the potential challenges this decision poses for its operations in India. It hopes to work closely with authorities to find a balanced approach that allows it to continue offering valuable tools and experiences to its millions of users in the country.

This situation reflects the increasing regulatory pressure on big tech companies and Meta’s efforts to navigate these challenges while staying connected with its users in one of its largest markets.

Read more on reuters.

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