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Snapchat In Trouble After Its CEO, Allegedly Said The App Is Only For The Rich

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Evan Spiegel, Founder of Snapchat, found himself at the receiving end of endless social media ire from Indians after he allegedly disparaged about how is app Snapchat was only for the rich, and how he would not plan on branching out into countries like India and Spain as they are poor. These comments spread like wildfire on the internet and the company came under heavy fire as they went into damage-litigation mode and denied that Spiegel ever made such comments.

This rage by the public stemmed from comments Spiegel is supposed to have made back in 2015 while dismissing an employee’s concern over slow growth in India.

Following this, rants flooded timelines on all major social media platforms and hashtags such as #BoycottSnapchat and #Uninstall-Snapchat trended. Many users downgraded the app on Google’s Play Store and Apple’s App Store and expressed their displeasure at how their CEO was such a bigot.

What’s more, people eager to distance themselves from Snapchat amid this “app for rich people” controversy ended up deleting the app for the e-commerce platform Snapdeal instead. CEO of Snapdeal found all of this very amusing and took to twitter to post saying that having to explain to the public Snapdeal and Snapchat were two different companies was the last thing he thought he’d be doing. 

Here are some tweets by Indians who commented after the Snapchat controversy:

 

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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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