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Alphabet Invests In Carl Pei’s Startup Nothing

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Carl Pei is one of the most well known names in the startup circles considering he gave the world one its best smartphone brands OnePlus.  Pei shared a vision with his OnePlus co founder Pete Lau, to develop a ‘flagship killer’ mobile phone which could compete with the likes of iPhones and Samsung smartphones but, at the same time having a much lesser price point.  Much of OnePlus’s current popularity is credited to Pei but in October 2020, Carl Pei said the time came for him to leave OnePlus and focus on other interests.

Since then, Pei had been working on his new startup in the audio hardware sector.  Carl Pei unveiled the name of his startup which is now called as Nothing, on January 27th, 2021.  Since then, Nothing has been attracting a lot of investors and the latest to invest in the startup is Alphabet.  In a series round conducted by the investment arm of Alphabet, Google Ventures (GV,) Nothing raised $ 15 million.  The fundraising takes the total amount of financing Nothing raised to over $ 22 million.

Other investors include Tony Fadell (Principal at Future Shape and the Inventor of the iPod,) Casey Neistat (YouTuber,) Kevin Lin (Co founder of Twitch,) Steve Huffman (CEO of Reddit,) Liam Casey (Founder and CEO, PCH,) Paddy Cosgrave (Founder of Web Summit,) Kunal Shah (CEO of CRED) and Josh Buckley (CEO of Product Hunt.)

ALSO READ: CRED’s Kunal Shah Invests In One Plus Founder Carl Pei’s Startup

Nothing’s first wireless earphones will be unveiled in the summer of 2021.  Nothing aims to build an ecosystem of listening devices which talk to each other.  Pei said “We are building an ecosystem of smart devices.  We will start with simpler products, wireless earbuds.  We are going to have multiple products throughout the year, not just audio products, and eventually we want to build it so these devices talk to each other (sic.)”  Pei was a huge part of OnePlus product expansion from just a smartphone to smart televisions, android watch and hearing devices.  OnPlus managed to build an ecosystem with their devices and Carl Pei would be hoping to recreate a similar ecosystem with his audio hardware.  We should not be surprised it Nothing launches a home voice assistant propelled by AI and machine learning similar to Amazon Echo or Google Home.

 

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How a Golden Retriever Became the Heart and Soul of a Hyderabad Startup’s Workplace

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Golden Retriever in workplace

Hyderabad-based startup Harvesting Robotics has won hearts online by appointing a golden retriever named Denver as its Chief Happiness Officer (CHO). Denver, introduced by co-founder Rahul Arepaka in a viral LinkedIn post, has quickly become the star of the office, spreading joy and boosting morale among employees. The company is now officially pet-friendly, a move Arepaka calls their “best decision.”

Denver’s new role has sparked widespread attention, with thousands liking and commenting on the announcement. Many see Denver’s presence as more than just a cute story—it highlights a growing trend of pet-friendly workplaces that prioritize employee well-being and happiness. As companies increasingly focus on holistic wellness, Denver’s appointment shows that sometimes, a wagging tail is the best way to brighten the workday.

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Info Edge Shareholders Approve ₹1,000 Crore Investment in New Venture Fund

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Info Edge

Info Edge (India) Ltd shareholders have overwhelmingly approved an investment of up to ₹1,000 crore in the company’s third venture capital fund, Info Edge Ventures Fund III. The proposal received near-unanimous backing, with 99.9995% of valid votes in favor out of 1,274 participants.

Smartweb Internet Services Ltd, a wholly owned Info Edge subsidiary, will act as sponsor and investment manager for the new fund. This move strengthens Info Edge’s commitment to backing early-stage startups and expanding its footprint in India’s venture capital landscape.

Info Edge has a strong track record as an early investor in leading Indian startups like Zomato and PB Fintech, with combined holdings in these firms valued at ₹31,500 crore ($3.7 billion) as of March 31, 2025.

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PayU Gets Final RBI Nod to Operate as Payment Aggregator Ahead of 2025 IPO

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PayU

PayU India, owned by Prosus, has received final approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator, a year after getting in-principle approval in April 2024. This authorization allows PayU to onboard new merchants and offer digital payment solutions, joining other major players like Razorpay, CCAvenue, and BillDesk.

The RBI’s nod comes as PayU prepares for its planned IPO in the second half of 2025, following a delay from its original 2024 timeline due to market conditions. The company, which serves over 450,000 merchants, reported $319 million in revenue from its core payments and credit business in the first half of FY25.

PayU stated that the approval will help it build a resilient, compliant, and innovation-driven institution, supporting merchants of all sizes and advancing the Digital India vision. The company has also strengthened its risk management and expanded its presence in real-time payments through a strategic stake in Mindgate Solutions.

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