Sequoia to invest $1.35B in Indian and South-East Asian startups

iNDICA NEWS BUREAU- Menlo Park-headquartered venture capital investor Sequoia Capital has received commitments totaling $1.35 billion from limited partners for two new India- and South-East Asia (SEA)-focused funds—a $525-million venture fund, and a $825-million growth fund. With this fund, Sequoia Capital’s total assets under management for India to an estimated $5.4 Bn, across the seven […]

US panel to grill Bezos, Cook, Zuckerberg, Pichai on July 27

IANS- The US House of Representatives Judiciary Committee will grill the CEOs of US tech giants Apple, Google, Facebook and Amazon during an antitrust hearing on July 27. Apple’s Tim Cook, Facebook’s Mark Zuckerberg, Alphabet’s Sundar Pichai and Amazon’s Jeff Bezos will testify before the antitrust panel that is working on proposals to reform and […]

US might follow India in banning TikTok

iNDICA NEWS BUREAU- India’s ban on 59 Chinese apps, including the popular TikTok app, has been widely noted in the US, including by some prominent lawmakers, who have urged the American government to follow suit as it is widely believed that the short video-sharing app is a major security risk to the country. On Monday, […]