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Facebook To Create Its Own Cryptocurrency

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There is a lot of buzz recently about Bitcoin, cryptocurrencies and blockchain technologies. Back in January, Mark Zuckerberg expressed his interest in learning about cryptocurrencies. The social media giant, Facebook, is looking forward to developing the software named blockchain. It is the technology behind the infamous, Bitcoin. Blockchain technology is  safe and secure which makes it easier to use in anonymous transactions, like cryptocurrencies. The purpose of the development of the blockchain software is to make transactions more trustworthy and it will be encrypted in order to prevent unauthorized access.

The development of blockchain would be led by the vice president of Facebook, David Marcus. Earlier, he was handling the Messenger platform of Facebook. However, from now on, he will be shifting his focus toward developing and leading the blockchain division of the company. As the former president of Paypal, Marcus definitely has immense experience in payment related services. Alongside, he will also be joined by remarkable executives including Kevin Weil, former Vice President of Product at Instagram and James Everingham, Vice President of Engineering at Instagram.

David Marcus posted on Facebook,

After nearly four unbelievably rewarding years leading Messenger, I have decided it was time for me to take on a new challenge. I’m setting up a small group to explore how to best leverage blockchain across Facebook, starting from scratch,

So, How Does Blockchain Work?

Blockchain is a public digital ledger recording software system that is decentralized and transacts over many computers, in a set of data blocks. Every single block records a time stamp and all other subsequent transactions cannot be altered without erasing the transaction previously up the chain.

For instance, think of a purchase you recently made,  like a car. You pay the dealer to get the car. Blockchains distribute the data across a group of computers. It is a network of computers uses blockchain technology which together manage the database that records Bitcoin transaction. If one party sells an asset to another, each sees the same data.  Facebook is in talks with multiple companies including Microsoft. At the recently held Microsoft Build 2018, Facebook showed it is keen in building up the Azure Blockchain Workbench. It is a new tool that is supposed to reduce the time it takes businesses to build blockchain applications on top of existing blockchain infrastructure.

There are interesting uses of this technology, one of the most important being the notion businesses can create currencies for their services. Nevertheless, Facebook wants to prevent its users from falling for fraudulent cryptocurrency schemes.

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₹290 Crore Boost: Rozana’s Series B Funding Scales Rural Retail Network Nationwide

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Rozana, India’s leading rural retail platform, has secured ₹290 crore ($35 million) in a Series B funding round led by Bertelsmann India Investments (BII), with participation from Omidyar Network India, Vivid Capital, and Tana Investment Holding. This Rozana funding brings its total capital to over ₹500 crore, fueling hyperlocal expansion in underserved rural markets. Founded in 2021 by brothers Prashant and Prateek Chauhan, the startup’s phygital model blends micro-stores, app-based ordering, and last-mile delivery to connect 5 million+ users in 12 states with brands like ITC and HUL.

The ₹290 crore investment will supercharge Rozana’s rural omnichannel retail strategy, targeting 5x growth in 18 months. Plans include adding 5,000 micro-stores in Uttar Pradesh, Bihar, and Rajasthan; AI-powered inventory tech; and new categories like groceries and electronics. By empowering 20,000+ rural micro-entrepreneurs, Rozana taps into India’s $700 billion rural retail boom, where smartphone penetration and UPI drive 12% annual growth.

This Rozana Series B milestone positions it as a frontrunner against rivals like Ninjacart, eyeing unicorn status by 2028 amid ONDC tailwinds. CEO Prashant Chauhan emphasized, “We’re building rural prosperity through accessible premium brands.” For more on Rozana funding news and rural retail trends, stay updated on India’s startup ecosystem.

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Peak XV New Funds: $1.3B Commitment for India Startup Surge 2026

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StartupStories

Peak XV Partners has launched three new funds totaling $1.3 billion, targeting India’s booming startup ecosystem. The lineup features the $600M Surge fund (8th edition) for early-stage ventures, a $300M Growth Fund for Series B+ scaling, and a $400M Acceleration Fund for rapid portfolio expansion. This commitment arrives as India’s VC inflows rebound, with AI and fintech leading 2026 trends.

These funds build on Peak XV’s legacy of backing unicorns like Zomato and Pine Labs, offering founders capital plus strategic guidance amid post-winter recovery. Early-stage deals surged 20% last year per Tracxn, positioning Peak XV to fuel the next wave of innovation in SaaS, climate tech, and consumer plays.

For startups eyeing Peak XV new funds or Surge fund 2026 applications, this signals prime opportunities. Investors and marketers should watch for deployment updates India remains a global VC hotspot.

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D2C Brand Neeman’s Raises $4 Million for Tier 2/3 Store Expansion & Eco-Friendly Shoes

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Hyderabad, January 13, 2026 Neeman’s, India’s leading D2C footwear brand famed for sustainable shoes and patented PIXLL® technology, has raised $4 million from existing investors. This funding boosts its cumulative capital past $10 million since 2015, with a post-money valuation nearing $50 million. CEO Vijay Chahoria emphasized offline retail as the “next frontier,” planning 50+ new stores in Tier 2/3 cities like Jaipur and Lucknow to blend eco-friendly innovation with hands-on customer experiences.

In India’s booming D2C ecosystem where footwear sales hit ₹1.2 lakh crore in 2025 Neeman’s targets hybrid retail amid high online CAC and 25-30% returns. Backed by vegan, machine-washable shoes priced ₹2,000-4,000, the brand leverages PIXLL® (5x more breathable than leather) for carbon-neutral comfort. Recent 5x revenue growth to ₹100 crore ARR, 1M+ pairs sold via Myntra and stores, and awards at India D2C Summit 2025 position it ahead of rivals like Paaduks.

Neeman’s offline expansion India eyes the $15B sustainable footwear market by 2028, fueled by PLI schemes, Gen Z’s 70% eco-preference (Nielsen), and Southeast Asia exports. Challenges like real estate costs are offset by data-driven inventory and omnichannel QR tech. Watch for Q1 2026 launches in Hyderabad and Bengaluru redefining D2C success through authentic, “Wear the Change” branding.

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