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Mutual Fund Investor Valic Marks Down Flipkart’s Valuation
Published
7 years agoon
Valic Co., the mutual fund investor based in America, has marked down the valuation of the ecommerce firm Flipkart to $ 7.9 billion from $ 11 billion. The markdown comes as a surprise because the ecommerce firm recently raised $ 3 billion from SoftBank, Tencent Holdings, Microsoft and eBay.
The trimming, according to sources, is an indication that some of the smaller investors of Flipkart are still divided over its previous valuation. Flipkart’s valuation was decreased to around $ 8.5 billion in the previous quarter by Valic and each share was priced at $ 88.11 for the quarter ending on 31 August 2017.
In the past 12 months, Flipkart has consolidated its position as India’s top online retailer. However, various fund investors such as Morgan Stanley, Fidelity Investments, Valic and Vanguard Group Inc., were still divided over its valuation. The latest fundraising round also saw a decrease in the valuation from its peak valuation of $ 15 billion. So far, Fidelity and Morgan Stanley have slashed Flipkart’s valuation five consecutive times. In January this year, US based mutual fund investor T. Rowe Price also reduced Flipkart’s valuation by 4% to about $ 9.9 billion.
However, Flipkart founders Sachin Bansal and Binny Bansal repeatedly dismissed these markdowns, calling them “theoretical exercises.” Speaking about the markdowns in an interview in December 2016, Sachin Bansal said, “We are not a public company, so we don’t release our numbers publicly. Any investor who has an opinion on our valuation outside, including who are already invested in us, they are doing it (markdowns) based on some public information. It’s a very uninformed opinion of somebody. So, I think it’s a theoretical exercise.”
While the markdown might not significantly damage Flipkart’s image much, the decrease in valuation suggests that some investors still feel that most of India’s large consumer internet startups are overvalued. Amazon and Flipkart have been engaged in a head to head battle for the prime market position in India’s ecommerce space, which is expected touch $ 200 billion mark by 2027.
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Latest News
Amazon Launches Echo Show 21: The Ultimate Smart Display Experience!
Published
3 hours agoon
November 22, 2024Amazon has introduced the Echo Show 21, its most powerful and largest smart display to date. Boasting a 21-inch screen—nearly double the size of the Echo Show 15—the new device promises to revolutionize how users interact with multimedia, manage tasks, and control smart home devices. Designed with user feedback in mind, the Echo Show 21 delivers improved sound, a bigger display, and enhanced features tailored to modern smart homes.
Key Features of the Echo Show 21
Massive 21-Inch Display
The Echo Show 21 features a vibrant, high-definition 21-inch screen, offering an immersive experience for streaming content, video calls, or showcasing family photos. Its size makes it a centerpiece for home décor, seamlessly doubling as a digital photo frame when not in active use. The display supports 1080p resolution, ensuring clear and sharp visuals for all types of content.
Enhanced Audio and Camera
With twice the bass and an upgraded sound system, the Echo Show 21 delivers room-filling audio that adapts to its environment. The improved auto-framing camera offers 65% more zoom and over double the field of view compared to its predecessors, making it ideal for video conferencing. New noise reduction technology ensures clear communication during video calls, even in noisy settings. This combination of audio and visual enhancements positions the device as a strong competitor for home entertainment.
Advanced Connectivity and Smart Home Integration
The Echo Show 21 supports Wi-Fi 6E, providing faster streaming and uninterrupted performance. Its built-in smart home hub is compatible with Matter, Zigbee, Thread, and Wi-Fi devices, enabling seamless control of connected gadgets. This integration allows users to manage various smart home devices—such as lights, switches, and plugs—directly from the display.
What Sets It Apart?
The Echo Show 21 builds on the success of the Echo Show 15 while addressing customer feedback. Key upgrades include:
- Larger Display: A screen nearly twice the size for an enhanced viewing experience.
- Superior Sound Quality: Double the bass and immersive audio for richer entertainment.
- Upgraded Video Calling: A high-performance camera with better zoom capabilities and noise-canceling technology.
- Next-Gen Connectivity: Wi-Fi 6E compatibility for faster, more reliable streaming.
- Streamlined Smart Home Control: Improved integration with various smart devices.
Pricing and Availability
Priced at $399.99, the Echo Show 21 comes with a wall-mount kit and an Alexa Voice Remote. Additional accessories are available for personalization:
- Frame covers: $39.99
- Premium counter stand: $99.99
The updated Echo Show 15, which includes many of the new features but in a smaller form factor (15 inches), is priced at $299.99. While the Echo Show 21 is currently available in select regions, its launch in India remains unconfirmed. Should it debut in the Indian market, estimates suggest a price range between ₹38,000 and ₹42,000, based on previous trends.
A New Standard for Smart Displays
Amazon’s Echo Show 21 sets a new benchmark for smart displays by combining sleek design with cutting-edge functionality. From managing daily schedules to enjoying multimedia content and controlling smart home ecosystems, it is a versatile device designed for tech enthusiasts and families alike.
Versatile Use Cases
Whether you’re streaming your favorite shows, making video calls, or managing your smart home, the Echo Show 21 is built to elevate your everyday experiences. Its larger screen size enhances usability in various settings—kitchen, living room, or office—making it an ideal choice for anyone looking to integrate technology seamlessly into their daily lives.
Conclusion
With its impressive features and user-centric design, the Echo Show 21 represents Amazon’s commitment to enhancing the smart home experience. By addressing consumer feedback regarding audio quality and display size while integrating advanced connectivity options, Amazon aims to solidify its position as a leader in the smart display market. As more consumers seek multifunctional devices that enhance their living spaces, the Echo Show 21 stands poised to meet these demands effectively.
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Google’s Bold Move: Transforming Chrome OS into Android to Rival Apple’s iPad!
Published
3 hours agoon
November 22, 2024Google, a tech giant with a strong foothold in both mobile and laptop ecosystems, has long relied on two separate operating systems: Android for smartphones and Chrome OS for laptops. While Android excels on small-screen devices, its performance on larger tablets has been less impressive. Conversely, Chrome OS, although functional, struggles with app availability, creating a gap in Google’s ability to challenge Apple’s dominance in the tablet market.
The Planned Transition
According to a recent report by Android Authority, Google is reportedly embarking on a multi-year project to merge Chrome OS with Android. While the company has not officially confirmed this move, recent updates and statements hint at a significant shift in strategy. Google has been integrating features from both systems, signaling a gradual convergence aimed at addressing their individual shortcomings.
Key Features of the Transition
- Integration of Android Components: Recent announcements revealed that Chrome OS is beginning to adopt elements of the Android stack, such as the Linux kernel and Android frameworks. This integration is intended to enhance functionality and improve user experience across devices.
- Enhanced Desktop Experience: Changes introduced in Android 15, including improved desktop windowing, enhanced keyboard and mouse support, and multiple desktops, align with the functionality needed for an Android-on-laptop experience. These features are crucial for creating a more versatile operating system that can compete effectively with iPadOS.
- New Chrome Browser for Android: Google is developing a new version of Chrome for Android that will include extension support, further bridging the gap between the two operating systems.
- Terminal Application for Linux Compatibility: The introduction of a terminal application will allow users to run Linux apps on Android, providing a Crostini-like experience similar to what Chromebooks currently offer.
Implications for Chromebook Users
If successful, this transition could redefine the Chromebook experience by allowing devices to operate more like Android-powered laptops. Future “Chromebooks” might ship with a desktop-optimized version of Android instead of Chrome OS, potentially providing access to a wider range of Android apps and creating a more touch-friendly interface suitable for convertibles and detachables.
Potential Benefits
- Increased App Availability: By merging the two platforms, Google could significantly expand the number of applications available to users, enhancing the overall ecosystem.
- Streamlined Development Resources: Unifying development efforts could lead to faster updates and feature rollouts, as resources would no longer be split between two operating systems.
- Enhanced User Experience: A combined platform could leverage the strengths of both operating systems—Android’s app ecosystem and Chrome OS’s productivity features—to create a compelling product that rivals Apple’s iPad.
Challenges Ahead
Despite these promising developments, questions remain about the future branding of Chrome OS and Chromebooks. It is unclear whether they will maintain their current identities or fully embrace the Android brand. Additionally, while Google has laid significant groundwork for this transformation, many proposed features are reportedly part of an internal “Android-on-laptop” project that may not reach consumers immediately.
Conclusion
This ambitious move highlights Google’s intent to close the gap with Apple in the tablet segment and position itself as a stronger competitor in the broader device ecosystem. By rethinking its operating systems to meet evolving user demands, Google aims to create a unified platform that enhances user engagement and satisfaction. As development continues, it will be essential to monitor how these changes unfold and what they mean for both existing users of Chrome OS and potential new customers drawn by an integrated Android experience.
Latest News
WhatsApp Beta Introduces Group Mentions: A Game-Changer for Group Communication!
Published
4 hours agoon
November 22, 2024WhatsApp, the Meta-owned messaging platform, is enhancing group communication with a new feature that simplifies how users share updates in group chats. The app now allows users to mention entire groups in their status updates, streamlining the process of notifying multiple people simultaneously.
What’s New?
According to WABetaInfo, the group mention feature is being rolled out to beta testers on Android. This update enables users to tag an entire group in their status updates, ensuring all group members receive a notification and a direct message in their individual chats. This eliminates the hassle of manually notifying each member, making it easier to share critical updates or announcements across large groups.
Previous Limitations
Previously, WhatsApp restricted mentions to a maximum of five contacts per status, which posed challenges for users managing large groups. With this update, that restriction is lifted, allowing mentions of entire groups and enhancing communication efficiency.
How It Works
Group Mentions in Status
- Tagging Groups: Users can now tag a group in their status update, ensuring everyone in the group is notified. This feature is particularly useful for sharing important events, updates, or news without the risk of missing out on anyone.
- Universal Notifications: Once a group is mentioned, all participants—including those who have muted the group—will receive a notification and can access the status. This guarantees that critical updates reach every member.
Privacy Simplification
The feature simplifies privacy settings by eliminating the need to adjust them for specific contacts. When a group is mentioned, all members automatically gain access to the status update, making communication more seamless and inclusive.
Custom Lists for Direct Messages
In addition to group mentions, WhatsApp is introducing custom lists for organizing direct messages (DMs). This feature allows users to create personalized categories for their contacts, helping declutter their inbox and focus on important conversations.
Benefits of Custom Lists
- Organized Chats: Users can group contacts into specific categories such as work, family, or friends, ensuring they can quickly locate and prioritize messages without getting overwhelmed by less relevant chats.
- Enhanced Focus: By categorizing conversations, users can streamline their communication and improve productivity.
Why This Matters
The introduction of group mention and custom list features is designed to improve user experience, making WhatsApp an even more effective tool for both personal and professional communication.
Time-Saving Benefits
- Efficient Communication: Group mentions save time by allowing users to notify all members about key events or announcements with a single action.
- Improved Coordination: These features facilitate better coordination within large groups by ensuring that everyone stays informed simultaneously.
Global Rollout on the Horizon
Currently available for beta testers on Android, WhatsApp plans to roll out these features globally soon. This commitment reflects WhatsApp’s ongoing effort to adapt its platform to meet the evolving needs of its users.
Anticipated Impact
As these features become widely available, they are expected to enhance user engagement and satisfaction by providing more efficient ways to communicate within groups. The ability to mention entire groups directly aligns with current trends in digital communication where quick and effective information sharing is paramount.
Conclusion
With the introduction of group mentions and custom lists, WhatsApp continues to innovate and enhance its platform. These updates not only streamline communication but also reflect WhatsApp’s commitment to adapting its features based on user feedback. As beta testers explore these functionalities now, broader accessibility will soon follow, making it easier than ever for users to stay connected and organized within their communities. Keep an eye out for these exciting enhancements as they roll out globally!
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