• Techzi
  • Posts
  • Daily Tech News: ByteDance, Mistral AI, Purplle, Youtube, Anchanto, Rocketindo

Daily Tech News: ByteDance, Mistral AI, Purplle, Youtube, Anchanto, Rocketindo

June 14, 2024

Here are the top stories on Techzi

ByteDance’s Indonesia Job Cuts: 450 Employees to Feel the Pinch

  • ByteDance to cut 450 jobs in Indonesia after TikTok Shop-Tokopedia merger.

  • Layoffs, affecting 9% of staff, will mainly impact advertising and operations teams.

  • The move reflects a broader trend of job cuts in the Chinese tech industry.

Mistral AI Secures Massive $640M Series B Funding

  • Mistral AI raises $640M in Series B funding, reaches $6B valuation.

  • The startup offers open-source and proprietary AI models.

  • Investors include General Catalyst, Microsoft Azure, Andreessen Horowitz, and Salesforce Ventures.

All the US White Collar Jobs Are Comin’ to Asia!

Guest Author: Ken Leaver

  • US white collar jobs are moving to Asia due to remote work and lower wages.

  • Companies will offshore jobs to stay competitive, while also leveraging AI for automation.

  • Short-term devastation for Americans, but long-term opportunities in entrepreneurship through supportive platforms.

Indian Beauty Unicorn Purplle Glams Up with $100M Funding

  • Indian beauty unicorn Purplle raised $100M from Abu Dhabi’s ADIA at $1.2-$1.3B valuation.

  • New investors Creaegis joined, Premji Invest increased stake in mixed funding round.

  • India’s booming beauty segment attracts investor interest as startups scale.

Sri Lanka’s Startup Scene Ready to Bloom

  • Sri Lanka’s young startup ecosystem brims with potential for regional expansion.

  • Founders understand scaling, but lack sales skills – diaspora partnerships could help.

  • Strategic location offers gateway to tap Southeast Asia’s booming startup scene.

YouTube Unveils “Thumbnail Test & Compare” Feature for Creators

  • YouTube rolls out “Thumbnail Test & Compare” for creators to test up to three thumbnails.

  • The feature helps determine which thumbnail generates the most watch time share.

  • Availability is limited to creators with advanced features, and mobile support is coming soon.

Anchanto Posts 39% Revenue Growth, Eyes Profitability by 2026

  • Anchanto’s revenue surges 39% to $11.3M in 2023, eyes 2026 profitability.

  • The ecommerce SaaS firm launched 4 products, expanded to 11 markets.

  • CEO Dabhade targets fundraising, North American expansion within 9 months.

Rocketindo’s Bootstrapped Success Story: 300% Growth and Profitability

  • Rocketindo achieves 300% GMV growth, profitability without VC funding.

  • The ecommerce enabler focuses on bringing Taiwanese brands to Indonesia’s booming beauty market.

  • Rocketindo navigates challenges, eyes expansion.

BayaniPay Secures $3M Series A Extension, Totaling $9.6M

  • Philippine remittance startup BayaniPay raises $3M, extending Series A to $9.6M.

  • The neobank targets Filipino-Americans, aims to process $200M by 2024.

  • BayaniPay plans to launch GlobalPay, unlocking international payment potential.

Did you miss yesterday's daily news show? Then it’s not too late to check it out now!

Reply

or to participate.