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Snapdeal Founders Looking At Plan B?

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Snapdeal cofounders Kunal Bahl and Rohit Bansal are looking at alternative options as Flipkart’s revised termsheet has a lot of “holdbacks and clause,” according to a report by Moneycontrol.

The report also stated the new term sheet made an all stock deal “difficult to consider” and therefore the founders have been meeting with other senior executives looking for an alternative path. These one on one meetings with senior executives including heads of multiple business units have been taking place for at least the past one week.

The Snapdeal and Flipkart acquisition has been one of the most talked about mergers in recent times. Snapdeal, till date, has received two all stake acquisition offers from Flipkart. The first offer of $ 550 million was way below the initial expectation of $ 1 billion and at a much lower valuation. The second offer was sent last week was for $ 900 million after Snapdeal reportedly asked for a better valuation.

According to the Moneycontrol report, this much awaited deal is not just a negotiation of numbers anymore and now also includes terms, clauses and holdbacks. One of their sources also said the Flipkart deal was now in a state of “limbo.”

Logistics and digital payments arm Vulcan and FreeCharge will be sold separately and the company will also be shutting down multiple warehouses as a part of Plan B. This plan may also include another round of massive layoffs affecting around 600 to 1000 employees of the company.

While alternative measures are being set up, reports also claim ecommerce website Infibeam has made an offer to acquire Snapdeal at a valuation of $ 1 billion. The Moneycontrol report added one of their sources said the founders were more likely to be keen on Infibeam as they will get to retain their positions, post acquisition. Both Snapdeal and Infibeam have neither confirmed nor denied these rumors.

Founder Kunal Bahl, in an email to employees sent in April, indicated the founders had little control over the developments as the investors had taken most of the decisions out of their hands.

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CoRover Unveils BharatGPT Mini: India’s First Offline Multilingual AI

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CoRover has launched BharatGPT Mini, India’s first offline multilingual AI model, at VivaTech 2025 in Paris, with the event officiated by Union Minister Jitin Prasada. This innovative Small Language Model (SLM), featuring around 534 million parameters, is specifically designed for edge devices and low-compute environments, enabling robust AI capabilities without the need for cloud connectivity. Its ability to function entirely offline and support 14 Indic languages makes it a powerful tool for digital inclusion, particularly in rural and remote regions where internet access is limited.

BharatGPT Mini’s architecture is optimized for deployment across various sectors, including healthcare, education, banking, and governance, allowing citizens to interact with essential services in their native languages. The model can be integrated into small businesses, government offices, and other organizations through the CoRover Builder platform, which offers a no-code solution for deploying AI assistants across web, telephony, and IoT systems. By processing data locally and encrypting it on-device, BharatGPT Mini ensures strong privacy and data sovereignty, aligning with India’s strategic goal of developing indigenous AI solutions. 

The launch has garnered strong support from both the Indian government and industry leaders, who see BharatGPT Mini as a catalyst for democratizing access to digital services. CoRover anticipates significant growth in the adoption of Small Language Models, with early feedback indicating a substantial increase in project demand. As CoRover looks to expand its expertise globally, BharatGPT Mini stands out as a scalable, multilingual, and privacy-centric solution, setting a new standard for inclusive and sovereign AI innovation in India’s diverse landscape.

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Kerala Startup E-Quark Launches Innovative Mobile Holder with Built-In Charger

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Kerala-based startup E-Quark Molecule Innovations Pvt Ltd, headquartered in Thrissur, has introduced an innovative device called Keratin that combines a mobile phone holder with a built-in charger. This unique gadget is designed to offer users a convenient solution to hold and charge their smartphones simultaneously, addressing the common challenge of managing power supply while using mobile devices.

The device enhances user experience by integrating two essential functions into one compact design. It securely holds the phone while providing efficient charging, making it perfect for use on desks, bedside tables, or other personal spaces where easy access and power are needed. This innovation aligns with the growing trend of multifunctional mobile accessories that prioritize both convenience and practicality.

E-Quark Molecule Innovations is a key player in Kerala’s dynamic startup ecosystem, which has been rapidly expanding in tech-driven areas such as electric vehicle charging infrastructure. With the launch of this mobile holder-charger, the company is establishing itself as a leader in user-centric mobile accessories, further cementing Kerala’s position as a hub for cutting-edge technology development.

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New Instagram Features Let Users Customize Profiles and Share Quietly

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Instagram is rolling out two major features in June 2025 that promise to give users unprecedented creative control and privacy: grid rearranging and silent posting. The long-awaited grid rearranging tool allows users to freely drag and drop posts anywhere on their profile grid, breaking away from the traditional chronological order. This means users can now curate their profiles for a more visually appealing or thematic presentation, without the hassle of deleting and reposting content—an update especially welcomed by brands, creators, and anyone meticulous about their digital aesthetic.


In tandem, Instagram is introducing the “Post quietly to profile” feature, which lets users add photos and videos to their grid without notifying followers or pushing the content to their feeds. This silent posting option is ideal for those who want to document moments privately, experiment with new content, or maintain a cohesive grid without spamming their audience. It’s designed to reduce the pressure of public sharing, making Instagram a more comfortable space for personal expression and experimentation.

 

These updates reflect Instagram’s commitment to user empowerment and flexibility, responding directly to years of feedback. As Instagram head Adam Mosseri stated, the goal is to help users “create and share without added pressure,” giving them more freedom over how their content appears and how they engage with their audience.

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