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Facebook: Zuckerberg Apologizes For The Data Leaks

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Facebook Data Leaks,Zuckerberg Apologizes For Data Leaks,Startup Stories,Startup News India,Facebook Data Breach Scandal,Massive Facebook Breach,Facebook Founder Mark Zuckerberg,Cambridge Analytica,Trump Presidential Campaign,Facebook Testimony,Zuckerberg Apology

Mark Zuckerberg, the founder of Facebook, said last week the company had made multiple mistakes. The most serious one being the leak of 87 million users to Cambridge Analytica, the firm which had provided demographical intelligence to the Trump Presidential Campaign. In a testimony clarifying the issue, Zuckerberg said he was looking into the full extent of the involvement by the Russian Government during the 2016 elections.

The release of his testimony came as Facebook was preparing to notify users whose data were harvested by Cambridge Analytica. Aleksandr Kogan, a Cambridge professor, created an app called This Is Your Digital Life, in order to identify the voters through research. The data downloaded by the Cambridge professor was in return sold to Cambridge Analytica. Since the last fourteen years since Facebook was founded, lawmakers and government officials have looked at one of the largest online social media platforms with favour. According to reports, Cambridge Analytica had acquired the data of around 2,70,000 people who allowed the app to access its data along with their friends on the platform.

“For the first decade, we really focused on all the good that connecting people brings. But it’s clear now that we didn’t do enough. We didn’t focus enough on preventing abuse and thinking through how people could use these tools to do harm as well. That goes for fake news, foreign interference in elections, hate speech. … We didn’t take a broad enough view of what our responsibility is, and that was a huge mistake. It was my mistake. But it’s clear now that we didn’t do enough,” Mark Zuckerberg said in a statement in relation to the Facebook Data Leaks.

Clearly, he isn’t the only one who thinks that way. On Tuesday evening, in a meeting with the Senate and the Cabinet members, an apologetic Zuckerberg said he was extremely sorry for the role the online social media platform played during the 2016 American elections. During the two day Senate session, Zuckerberg apologised by saying he was looking into all the details of the breach.

Furthermore, the Facebook team has said a bounty program with a reward of $ 40,000 has been announced for people who catch large data leaks. Payouts will start at $ 500 and will go up to as high as $ 40,000. Over the better part of the last month, the Cambridge Analytica issue has spiralled into one of the biggest scandals faced by the 33 year old Zuckerberg. The data abuse program is the first of its kind to come up in the industry, giving users an incentive to ensure their safety.

With Zuckerberg’s apology and attempt at making sure things are right, Facebook seems to be addressing the breach issue with renewed vigour and commitment.

 

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Swiggy Unveils Pyng: AI App Linking Users to Verified Pros

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Swiggy - StartupStories

Swiggy has launched Pyng, a new app aimed at connecting consumers with verified professionals across over 100 specializations, including yoga instructors, financial advisors, tutors, and event planners. Currently live in Bengaluru, Pyng uses AI to match users with trusted experts and offers a money-back guarantee for unsatisfactory services.

The app also provides professionals with tools to manage bookings, track payments, and schedule services efficiently. This marks Swiggy’s entry into the professional services marketplace, expanding beyond its core food delivery and quick commerce businesses. Pyng is available on both iOS and Android, with plans for a nationwide rollout.

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Eat Better Secures ₹17 Crore in Pre-Series A Funding

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Eat Better, a Jaipur-based D2C snacking brand, has raised ₹17 crore in a Pre-Series A funding round co-led by Prath Ventures and Spring Marketing Capital. Founded by Vidushi Kanoria, Mridula Kanoria, and Shaurya Kanoria in 2020, Eat Better specializes in healthy snacks like dry fruit ladoos and nuts.

Key Highlights:

  • Investment Use: Funds will expand Eat Better’s product line and enhance its presence on quick commerce platforms.
  • Market Position: Competes with brands like Happilo and Yoga Bar in the healthy snacking space.
  • Operational Milestones: Fulfills over 2 lakh orders monthly.
  • Financial Performance: Revenue grew nearly threefold to ₹14.47 crore in FY24, with a reduced net loss.

Market Opportunity:

The Indian food and beverages market is projected to reach $68 billion by 2030, positioning Eat Better favorably to capitalize on the demand for healthy snacks. With this funding, Eat Better aims to strengthen its market presence and product offerings.

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Outzidr Raises ₹30 Crore to Transform Gen Z Fashion

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Bengaluru-based D2C fashion startup Outzidr, co-founded by Nirmal Jain, Mani Kant Mani, and Justin Mario, has secured ₹30 crore in seed funding led by Stellaris Venture Partners, with participation from angel investors like Ramakant Sharma (Livspace) and Ghazal Alagh (Mamaearth).

Launched in February 2025, Outzidr targets Gen Z women aged 17–27 with affordable occasion-specific apparel such as partywear and travel outfits. The brand introduces over 2,000 new designs monthly and uses a “test-and-react” model to scale popular styles based on early sales data. With an agile inventory cycle of less than three weeks, it plans to shift 90% of manufacturing to India within two years for sustainability.

The funds will bolster supply chain efficiency, technology development, team expansion, and brand-building. Outzidr aims to achieve ₹100 crore annualized revenue within 6–8 months through its D2C platform and marketplaces like Myntra, Nykaa Fashion, and AJIO.

Led by industry veterans with expertise in fashion and logistics, Outzidr is poised to capitalize on India’s growing D2C market fueled by Gen Z’s demand for trendy and affordable fashion.

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