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EV startup Zypp Electric nabs $25M to hit 30 Indian cities by 2025

Zypp Electric, an Indian startup that offers an EV-as-a-service platform catering to e-commerce companies and gig workers, has received a $25 million investment led by Taiwan’s battery-swapping giant Gogoro. The cash from Gogoro is an extension of a strategic partnership between the two companies, and a signal of Gogoro’s continued commitment to the Indian market. Zypp Electric will use the funds to expand its fleet from 10,000 to 200,000 bikes and widen its footprint to 30 Indian cities by December 2025. The Gurugram-based startup aims to electrify last-mile deliveries in the South Asian nation. It offers electric two-wheeler fleets to ride-sharing companies, and e-commerce, food, grocery and pharma delivery companies such as BigBasket, Flipkart, Jio Mart, Rapido, Swiggy, Tata 1mg, Zepto and Zomato. Fleet customers get additional features such as dedicated backup rider support, a merchant panel, rider tracking, API integration and multiple order support, the company said. The sta

Russian ‘WhisperGate’ hackers are using new data-stealing malware to target Ukraine

Security researchers say they have recently observed a Russian hacking crew, who were behind the destructive WhisperGate malware cyberattacks, targeting Ukrainian entities with a new information-stealing malware. Symantec’s Threat Hunter Team has attributed this campaign to a Russia-linked cyber threat actor, widely known as TA471 (or UAC-0056), which has been active since early 2021. The group is known to support Russian government interests, and while it primarily targets Ukraine, the group has also been active against NATO member states in North America and Europe. TA471 has been linked to WhisperGate , a destructive data-wiping malware that was used in multiple cyberattacks against Ukrainian targets in January 2022. The malware masquerades as ransomware, but renders targeted devices completely inoperable and unable to recover files even if a ransom demand is paid. According to Symantec, the hacking crew’s latest campaign relies on previously unseen information-stealing malware

Chinese influence, loan-collection practices reasons for India’s crackdown on lending apps

India’s push to ban over 90 lending apps has sent shockwaves to the fintech industry as many scramble to understand why they have been impacted. The IT Ministry’s move is reportedly aimed at protecting the nation’s integrity and curb China’s influence in the South Asian market, the state-owned broadcaster Prasar Bharti said on Sunday. In meetings with fintech associations on Tuesday, officials from the IT Ministry and influential think tank Niti Aayog offered broader explanations about the decision. The IT Ministry is concerned about the historic or current presence of Chinese investors on the cap tables of some lending apps in India, the officials said, according to a source familiar with the matter. Another concern is the reports of cybercrimes that are linked to China. The officials said the Ministry of Home Affairs has received reports of cybercrimes where Chinese firms have access to some Indian lending apps through APIs, which they are using to store Indian consumers’ data ou

Palm.hr raises $5M, embarks on MENA growth

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A few years ago, Richard Shrems was working as a human resources consultant in Riyadh, and at one point sought to implement a tech-solution for his clients to help them better their huge teams, but couldn’t find a localized solution. Shrems told TechCrunch he needed a system that was employee-focused, but found many of the HR software he interacted with to be “very complex”, with “a lot of features, a lot of functionalities focused on making life easier for HR managers”, but with little regard for ease of use by employees. “This makes adoption hard,” he said. His findings were not unique to him as a recent study showed an increasing dissatisfaction with HR tech providers — half of the respondents said they planned to change their systems for new technologies that offer better user experience and take remote working into consideration. Driven to bridge the gap, in 2019, Shrems (CEO) teamed up with Christoph Czichna (COO) and Dragan Nikolic (CPO), to launch Palm.hr , based out of

Silvija Martincevic leaves Affirm to lead shift work management platform Deputy

Silvija Martincevic, former chief commercial officer of Affirm , one of the U.S.’s biggest buy now, pay later startups, is leaving to become CEO of shift work management platform Deputy . Based in Australia, Deputy is focused on expanding in the United States and other countries, and Martincevic will oversee its growth strategy. She will also take a seat on Deputy’s board of directors. As part of her work at Affirm, Martincevic oversaw sales and strategic partnerships, growing the number of merchants that offer Affirm as a payment option from about 5,000 to more than 200,000 and onboarding companies like Walmart, Shopify and Amazon. Before joining Affirm in 2019, Martincevic led Groupon’s international business in Europe, Asia and Australia as chief operating officer and chief marketing officer. She is also a board member of Lemonade and Kiva. Founded in 2008, Deputy has raised $104 million AUD (about $72 million USD) from investors like Square Peg and IVP, reaching soonicorn valuati

Biden to address children’s online safety at State of the Union

President Joe Biden will address the nation on Tuesday evening in the second State of the Union address of his term. Per a release from the White House, the president is expected to weigh in on children’s online safety issues, as well as data privacy. The briefing says that Biden will call on bipartisan lawmakers to ban targeted advertising toward young people, and protect children’s privacy, health and safety. The president will also express his support for imposing stronger transparency requirements on tech companies that collect user data. These points are nearly identical to Biden’s comments last year. At the 2022 address, Biden highlighted the mental health impacts of social media on kids and teens. Biden specifically nodded to Facebook whistleblower Frances Haugen ‘s massive document leaks, which sparked a series of five Senate hearings on children’s online safety. First Lady Dr. Jill Biden even  invited Haugen to last year’s event as a special guest, indicating the presiden

‘Black Panther: Wakanda Forever’ becomes the most-watched Marvel premiere on Disney+

Five days after getting its streaming debut on Disney+, “ Black Panther: Wakanda Forever ” is now the most-watched Marvel premiere on Disney+ based on hours streamed within the first five days, the company announced today. Disney didn’t provide specific viewing numbers, so it’s not exactly clear how the movie’s streaming performance compares to other Marvel titles on Disney+. However, the claim means the “Black Panther: Wakanda Forever” premiere performed better than popular franchises like “Black Widow” and “Avengers: Endgame.” The new streaming record for Disney+ could also mean that more Marvel films may get longer windows between theatrical release and streaming release — but that’s just our guess. In general, movies that get a long theatrical window are more likely to stand out in the minds of viewers as opposed to streaming-exclusive movies that might not get as much hype. Disney+ subscribers had to wait 82 days for “Black Panther: Wakanda Forever” to stream on Disney+, the lo

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