Facebook-Backed Indian Social Commerce Platform Meesho Raises $570Million

Meesho, an Indian 'social commerce' platform invested in by Facebook and Softbank, has raised $570 million (roughly Rs. 4,230 crores) in its latest funding round, the company has announced. https://ift.tt/3uu6pYi

Delhi-based EV ride-hailing and charging startup BluSmart raises $25M Series A led by BP to expand its network to five new Indian cities (The Economic Times)

The Economic Times:
Delhi-based EV ride-hailing and charging startup BluSmart raises $25M Series A led by BP to expand its network to five new Indian cities  —  New Delhi: BP Ventures has made its first direct investment in India by pumping in $13 million in integrated EV ride-hailing and charging company BluSmart.

SoftBank says Alphabet's Loon moonshot has transferred about 200 patents to it; Alphabet says it also handed over patents to partner Raven Industries (Pavel Alpeyev/Bloomberg)

Pavel Alpeyev / Bloomberg:
SoftBank says Alphabet's Loon moonshot has transferred about 200 patents to it; Alphabet says it also handed over patents to partner Raven Industries  —  - SoftBank paid $125 million for a stake in Loon project in 2019  — Google closed the high-altitude internet initiative this year

Israel-based Speedata, which is developing custom chips for data analytics processing, emerges from stealth with $55M Series A and $15M seed (Ingrid Lunden/TechCrunch)

Ingrid Lunden / TechCrunch:
Israel-based Speedata, which is developing custom chips for data analytics processing, emerges from stealth with $55M Series A and $15M seed  —  Datacenters are taking on ever-more specialized chips to handle different kinds of workloads, moving away from CPUs and adopting GPUs and other kinds …

Modular phone maker Fairphone, which uses ethically sourced materials, announces Fairphone 4 with a 6.3-inch display, 5G, and up to 256GB, starting at €579 (Jon Porter/The Verge)

Jon Porter / The Verge:
Modular phone maker Fairphone, which uses ethically sourced materials, announces Fairphone 4 with a 6.3-inch display, 5G, and up to 256GB, starting at €579  —  The Fairphone 4's software support should stretch until 2025  —  Fairphone, the manufacturer focused on making easy …

Researchers: a flaw in Apple Pay lets attackers make a Visa payment with a locked iPhone in Express Transit mode; Apple calls it "a concern with a Visa system" (BBC)

BBC:
Researchers: a flaw in Apple Pay lets attackers make a Visa payment with a locked iPhone in Express Transit mode; Apple calls it “a concern with a Visa system”  —  Large unauthorised contactless payments can be made on locked iPhones by exploiting how an Apple Pay feature designed …