The number of monthly Facebook users climbed eight percent to 2.5 billion.

"We had a good quarter and a strong end to the year as our community and business continue to grow," said Zuckerberg.

Facebook agreed to pay $550 million over a privacy lawsuit as shares dropped even with the social media giant reporting stronger than forecast earnings.

Despite CEO Mark Zuckerberg reporting stronger than forecast quarterly earnings and user growth during the earnings call, shares dropped more than seven percent.

Shares may have also been weighed down by worries about privacy regulations hobbling the company's ability to effectively target its money-making ads. | To read full story, visit https://startuparound.com/read/1580461206.732079/Facebook-monthly-active-users-climbed-to-2.5B-in-last-quarter-of-2019?ref=audio_experience

The Telecom Regulatory Authority of India (TRAI) has extended the deadline for stakeholder comments and counter-comments on its discussion paper on net neutrality rules.

Earlier this month, TRAI released a new consultation paper on issues related to traffic management practices and the setting up of a multi-stakeholder body on net neutrality.

Net neutrality says ISPs do not have the power to discriminate against certain companies, types of content or users.

In August 2018, the department of telecommunications (DoT) had accepted TRAI’s November 2017 net neutrality recommendations.

Further, India has a total of 665.31 Mn internet subscribers, out of which, wired internet subscribers are 21.6 Mn and wireless internet subscribers are 643.6 Mn. | To read full story, visit https://startuparound.com/read/1580459406.237354/TRAI-Gives-Stakeholders-More-Time-For-Feedback-On-Net-Neutrality-Rules?ref=audio_experience

The sixth fund of Ribbit Capital is equivalent in size to its fifth fundUS-based investment firm Ribbit Capital is looking to raise $420 Mn for its sixth venture capital fund to continue its investment spree in startups, especially those working in the fintech segment.

As of now, Ribbit Capital has not raised any investment for this fund, according to the US Securities & Exchange Commission (SEC) filing.

Notably, the sixth fund of Ribbit Capital is equivalent in size to its fifth fund, which was initially announced in September 2018.

In August 2019, Ribbit Capital also invested in Kunal Shah’s credit card loyalty and rewards programme Cred alongside Sequoia Capital, Hillhouse Capital, Apoletto Asia, among others.

In past, Ribbit Capital had received investments from institutional investors such as Spain’s Banco Bilbao Vizcaya Argentaria (BBVA) and US-based Silicon Valley Bank. | To read full story, visit https://startuparound.com/read/1580457605.6899505/Ribbit-Capital-Targets-$420-Mn-Corpus-For-Its-Sixth-Fund?ref=audio_experience

But this doesn’t mean that you can jump right into implementing social media CRM without putting much thought into its effectiveness and accuracy.

Here are tips on how to maximize your social CRM for better importation of data:Invest in the right social tool.

With a social CRM system for your business, it's easier for you to communicate across your different social media sites.

As you begin to plan your social CRM strategies, it's imperative for you to also identify the existing issues.

ConclusionAs you may have learned from the benefits enumerated above, it's now easy to define social media CRM as the integration of different social media sites in customer relationship management. | To read full story, visit https://startuparound.com/read/1580455808.768558/Social-CRM-Tips-For-Successful-Results?ref=audio_experience

Poker on Pocket52 is a game of skill that offers Indian poker players a platform to showcase their skills, love and sports knowledge of poker.

There are two crucial things about online poker which most Indian poker companies fail to understand.

Pocket52 is India’s first cryptographically secure RNG online poker platform as well as a poker network, a domestically shared omnichannel network for online poker platforms in India.

Nitesh explored every Indian poker website and engaged with various social media groups dedicated to online poker.

Over time he realized that most of the Indian poker players were not satisfied with what Indian online poker had to offer. | To read full story, visit https://startuparound.com/read/1580454008.6454139/One-of-best-Indian-Poker-Site?ref=audio_experience

We need a rational budget 2020 and one whose focus should be on measures that can revive the struggling economy.

The reference is applicable mostly to the B2B business.Increase the availability and accountability of startup funds.

If smaller venture capital funds are able to have success stories, with such large funds allocated why we do not have one?

We need better management, a digital platform, and a known manager to manage the startup funds as similar as mutual fund managers.

We do not have a story about tourism and like startups, here again, there is no transparency and productivity initiatives by the tourism department, including state tourism boards. | To read full story, visit https://startuparound.com/read/1580452205.8218114/Budget-should-increase-the-availability-and-accountability-of-startup-funds?ref=audio_experience

They have announced the first Demo Day of 2020 to be held in Bengaluru on February 2nd.

The community started Demo Days in the US, London, Singapore and now Bengaluru to help Google alumni led startups with their fundraising process.

The program includes having Y Combinator's ex-COO (and Xoogler), Qasar Younis provide the participating Indian startups with feedback ahead of the Demo Day.

Xoogler will help connect Indian startups with investors on Demo Day as well as after, including investors across Asia and the USA.

Xoogler Demo Day | Nov 2019Xoogler events include regular meetups about startup growth tactics and brainstorming sessions with founders to address their specific challenges. | To read full story, visit https://startuparound.com/read/1580448605.8908844/Xoogler-Demo-Day-to-be-held-in-Bengaluru-on-2nd-February?ref=audio_experience

To start with, removing the surcharge on the so-called ‘Super Rich’ for unlisted shares and making them at par with listed shareholders.

Startups giving loans and advances, investing in shares or securities or making capital contributions are not yet eligible for exemption.

In order to channel domestic and foreign risk capital for startups, there is a need for complete tax-parity on Capital Gains for investments in listed and unlisted securities.

This pool in yesteryears was creating jobs by investing in the public sector, whereas today's job-creators are venture capital and private equity funds.

(The writer is MD, YourNest Venture Capital.) | To read full story, visit https://startuparound.com/read/1580446805.9369054/Creating-a-win-win-budget:-Spurring-India’s-startups?ref=audio_experience

Posted by admin on 1/31/20 • Categorized as InterviewsThere’s no other way to say it: David Mimran has an impressive CV.

Mimran credits his work ethic and team-building skills for his success, but of course there’s more to the story.

One of your companies, Mimran Natural Resources, is making a big bet on the future of African agriculture.

My production company, Mimran Schur Pictures, grew out of my lifelong love for a good story.

I’ll admit I didn’t know much about the industry before co-founding Mimran Schur, but I’ve learned a lot and loved every minute of it. | To read full story, visit https://startuparound.com/read/1580445119.0420861/[INTERVIEW]-David-Mimran,-Director-Of-The-Mimran-Group---Young-Upstarts?ref=audio_experience

BCCL - Non CopyrightNEW DELHI/BENGALURU: Technology behemoth Tencent has emerged as the biggest Chinese strategic investor in the Indian startup ecosystem, aggressively closing about 10 funding deals across stages over the last six-eight months.

Its increased activity coincides with Alibaba stepping back from the domestic market after years of being among the most prolific Chinese strategics in India.Tencent’s most recent bet is on edtech startup Doubtnut, where it has led a $15 million round, its second bet in the space, having earlier invested in Byju’s.

Earlier this week, ET reported that more than a dozen new China-domiciled large corporates, venture funds, and family offices are aggressively stepping up investment conversations with early- to growth-stage domestic firms.Overall, Tencent has made at least 15 investments in India, including Swiggy Flipkart , Hike, and Practo .

Globally, Tencent has invested in over 800 firms, 70 of which are listed and 160 are now unicorns.Founders said the strategic value derived from Tencent’s learnings in China will be critical in their scale-up journey as they build similar models for India.

“Their experience of working with Yuanfudao in China will help our team get fresh and valuable perspective on distribution of first edtech models,” said Aditya Shankar, cofounder of Doubtnut. | To read full story, visit https://startuparound.com/read/1580443204.6460664/Tencent’s-becomes-the-Alibaba-of-Indian-startup-scene?ref=audio_experience