Simplilearn acquires NY's Fullstack Academy🎓; Paytm to reapply for licence📜; Twitter may exceed 1 Bn users🐥
Simplilearn acquires NY's Fullstack Academy, RBI asks Paytm to reapply for licence, Twitter may exceed 1 billion users in 12-18 months, Funding Deals and more.
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Simplilearn acquires New York-based Fullstack Academy🎓
Upskilling edtech platform Simplilearn has acquired US-based bootcamp education company Fullstack Academy as it looks to scale its operations in North America.
Simplilearn acquired Fullstack from publicly traded US edtech Zovio Inc, which has over the past few months been taking steps to dissolve the company. In September, Zovio said it was looking to sell Fullstack for $34-$55 million.
Simplilearn, which had acquired online marketing courses provider Market Motive in 2015, raised $45 million in fresh funding earlier this month from a consortium of investors led by GSV Ventures.
RBI asks Paytm to reapply for payment aggregator licence📜
The Reserve Bank of India (RBI) has asked Paytm to reapply for a payment aggregator licence within 120 days in response to its initial application. Digital payments and financial services company One97 Communications’ subsidiary Paytm Payments Services Ltd (PPSL) is seeking the licence.
One97 Communications told stock exchanges on Saturday that the central bank directed Paytm to “seek necessary approval for past downward investment from the company into PPSL, to comply with FDI guidelines”. The RBI has also directed the payments firm to pause the signing up of new online merchants.
The company said the development would have no material impact on business and revenue since the communication from the RBI only applies to new online merchants.
Flexible office operator Table Space has raised around $300 million from Hill House Capital.
Tata 1mg-owned Healthkart has raised close to $65 million in funding from investors Temasek Holdings and A91 Partners.
Insurtech startup RenewBuy has raised Rs 68 crore in debt and equity from InnoVen Capital and Stride Ventures.
Twitter may exceed 1 billion users in 12-18 months: Elon Musk🤑
Twitter boss Elon Musk has said that the microblogging platform may exceed one billion monthly users in the next 12 to 18 months.
"I think I see a path to Twitter exceeding a billion monthly users in 12 to 18 months," Musk tweeted.
Earlier this month, Twitter had told advertisers that its daily user growth has hit an "all-time high" after Musk's takeover even as several advertisers left the platform amid internal chaos.
According to a company document obtained by 'The Verge', Twitter's monetisable daily user (mDAU) growth has accelerated to more than 20% after Musk's takeover.
Tweet of the day🐥
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