Connect with us

Technology

Accel eyes stake in India’s Truemeds at $330 million valuation

Published

on

Accel eyes stake in India's Truemeds at $330 million valuation

According to half a dozen sources, Accel, the global venture firm, is in advanced discussions to lead a funding round of $30 million to $40 million in Truemeds, an Indian online pharmacy that’s focused on providing customers with more affordable generic alternatives to costly branded medications.

The talks are currently centered on a proposed valuation of about $330 million for the six-year-old, Mumbai-headquartered startup, per these same sources, who requested anonymity as the deliberations are ongoing and private.

The deal hasn’t finalized, so it may still not materialize or the terms can change, the sources cautioned. Accel and Truemeds didn’t immediately respond to requests for comment.

The potential round for Truemeds comes amid a period of consolidation and upheaval in the online pharmacy industry. Pharmeasy, backed by Prosus Ventures, has seen its valuation plummet from a peak of $5.6 billion to below $600 million after struggling to repay a loan to Goldman Sachs. 

Advertisement

Janus Henderson, the British American global asset firm, implied a valuation of about $458 million for Pharmeasy at the end of June, according to its most recent mutual fund disclosures. In 2021, Tata Digital acquired 1mg, another major player in the space.

Unlike its competitors, Truemeds is taking a slightly different approach. The startup aims to disrupt the supply chain of how medicine reaches customers, eliminating middlemen that inflate the final price. After customers upload their prescriptions, Truemeds doctors recommend generics with the same active ingredients, produced by Indian manufacturers. This service aims to reduce medication costs, particularly for those with chronic conditions requiring ongoing treatment.

The platform operates entirely online, with consultations, ordering, and delivery all handled digitally. This eliminates the need for patients to visit physical pharmacies and allows Truemeds to reach customers in remote areas. 

If the new funding materializes, it would more than double Truemeds’ valuation, which was $132 million in an extended Series B round last year. The startup originally raised the Series B funding from investors including WestBridge Capital and Info Edge Ventures at a valuation of $76.7 million, according to Tracxn, a venture insight platform. 

Advertisement

Source link

Continue Reading
Advertisement
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Technology

Instagram adds new guardrails to protect teens against sextortion

Published

on

Instagram adds new guardrails to protect teens against sextortion

Instagram is launching several new features designed to protect teens from sextortion scams, which occur when scammers threaten to share intimate images of victims unless they receive a payment or more photos.

One guardrail that’s rolling out soon will prevent people from screenshotting or screen recording disappearing images or videos sent in a private message. If the sender enables replays of the image or video, Instagram will block people from opening them on the web. This won’t stop scammers from capturing the image or video by recording it with another device, however.

Starting today, Instagram will begin using certain indicators, like how new an account is, to detect scammy behavior as well. The platform will then prevent these accounts from sending follow requests to teens by blocking their request or moving it to the teen’s spam folder.

It’s also testing a safety notice in Instagram and Messenger that will alert teens if the person they’re talking to is located in a different country, as sextortion scammers often lie about their location.

Advertisement

In addition, Instagram will now start blocking suspicious accounts from viewing the following or followers lists of their victims, which sextortion scammers can use for blackmail. Instagram will similarly prevent suspect accounts from seeing the lists of accounts that have liked a target’s posts, the photos they’re tagged in, and other users tagged in their photos.

To protect kids from viewing obscene photos, Instagram is launching a feature that will automatically detect and blur nude images for users under 18. Instagram started testing this filter in April, and it will be enabled for teens globally by default. Other safety measures coming to the platform include an option to chat with the Crisis Text Line in the US if users report sextortion or child safety issues. It will also show an educational video to teens in the US, UK, Canada, and Australia to spread awareness about sextortion scams, which are on the rise.

This suite of features comes as part of Meta’s broader efforts to make its platforms safer for kids. Last month, Instagram announced that it would start putting all teens into more private accounts with certain safety settings enabled by default, like restricted DMs and Sleep Mode to silence notifications at nighttime.

Source link

Advertisement
Continue Reading

Science & Environment

JPMorgan says buy power producers as AI data centers shift electric demand

Published

on

JPMorgan says buy power producers as AI data centers shift electric demand




Source link

Continue Reading

Technology

Unity 6 will allow developers to create games more quickly and efficiently, and it’s now available worldwide

Published

on

The Unity logo displayed over an image of someone using a mouse and keyboard.

Unity has announced that Unity 6, the latest version of its cross-platform game engine, is now available worldwide.

Unity 6 can be downloaded here, and is the company’s “most stable and best-performing version of Unity” yet that has been built, tested, and refined in partnership with game developers around the world.

Source link

Continue Reading

Technology

Instagram to block some screenshots to help prevent sextortion

Published

on

Instagram to block some screenshots to help prevent sextortion
Getty Images A boy holding a mobile phone.Getty Images

The NSPCC said the moves by Instagram were a “step in the right direction”, but wanted preventative measures to be rolled out on WhatsApp too

Instagram will stop people from being able to screenshot or screen-record images and videos intended to be viewed once, as part of “ongoing efforts” to prevent sextortion on the platform.

Its parent company Meta announced features on Thursday aimed at protecting teens from being tricked into sending intimate images to scammers and blackmailed over them.

Previously tested tools that blur nude images in messages, and hiding the follower and following lists of users from potential sextortion accounts, will also be made permanent.

It comes as the UK’s communications watchdog Ofcom warns that social media companies will face fines if they fail to keep children safe.

Advertisement

The NSPCC said the moves were a “step in the right direction”.

But Richard Collard, its associate head of child safety online policy, said that “questions remain as to why Meta are not rolling out similar protections on all their products, including on WhatsApp where grooming and sextortion also take place at scale”.

Law enforcement agencies around the world have reported a rise in the number of sextortion scams taking place across social media platforms, with these often targeting teenage boys.

The UK’s Internet Watch Foundation said in March that 91% of the sextortion reports it received in 2023 related to boys.

Advertisement

New tools will include preventing the ability to screenshot images and videos sent in Instagram messages with its “view once” or “allow replay” mechanisms – which can be selected by users when sending an image or video in Direct Messages. This will also apply to the web version of Instagram.

Antigone Davis, Meta’s head of global safety, said a new Instagram campaign aims to give children and parents information about how to spot sextortion attempts in case perpetrators evade its tools for detecting them.

“We have put in built-in protections so that parents do not have to do a thing to try and protect their teens,” she told BBC News.

“That said, this is the kind of adversarial crime where whatever protections we put in place, these extortion scammers are going to try and get around them.”

Advertisement

What is sextortion?

Sextortion, which sees scammers trick people into sending sexually explicit material before blackmailing them, has become a dominant form of intimate image abuse taking place online.

The shame, stress and isolation felt by victims of sextortion crimes, often harassed and told their images will be shared publicly if they do not pay blackmailers, has led some to take their own lives.

Ros Dowey, the mother of 16-year-old Murray Dowey, who took his own life in 2023 after being targeted by a sextortion gang on Instagram, previously told the BBC that Meta was not doing “nearly enough to safeguard and protect our children when they use their platforms”.

Advertisement

‘Built-in protections’

Meta said its new safety features and campaign are designed to build on tools already available to teens and parents on the platform.

It will also hide people’s follower and following lists from potential sextortion accounts.

Sextortion expert Paul Raffile told the BBC in May that sextorters try to find teen accounts in following and follower lists after searching for high schools and youth sports teams on platforms.

Advertisement

Meta is currently moving under-18s into Teen Account experiences on Instagram with stricter settings turned on by default – with parental supervision required for younger teens to turn them off.

But some parents and experts have said safety controls for teen accounts shift the responsibility of spotting and reporting potential threats onto them.

Dame Melanie Dawes, the chief executive of the regulator Ofcom, told the BBC said it was the responsibility of the firms – not parents or children – to make sure people were safe online ahead of the implementation of the Online Safety Act next year.

Source link

Advertisement
Continue Reading

Technology

Don’t let these 3 October 2024 hidden streaming movie gems fly under your radar

Published

on

Don't let these 3 October 2024 hidden streaming movie gems fly under your radar
Noomi Rapace looking scared in You Won't Be Alone.
Focus Features

October is finally here, which means horror lovers can rejoice in everything that spooky season will bring. Luckily for them, there’s no shortage of content available to stream. The best horror movies on Hulu, Netflix, and pretty much every other major service will offer more than enough chills to satisfy those well-versed in the intricacies of the genre and those who are only looking to experience it because of the season.

However, while watching more mainstream offerings is perfectly OK, October also offers the chance to watch other, more underappreciated efforts. From genuinely terrifying tales of dread to more psychological series that favor atmosphere and gloom, these underrated horror gems will be perfect to watch in the days leading up to Halloween. So grab your popcorn and put on your witch hat because these movies call for it.

Witchfinder General (1968)

Vincent Price as Matthew Hopkins looking intently at something off-camera in Witchfinder General.
Tigon Pictures

Horror legend Vincent Price stars in the 1968 seminal folk horror film Witchfinder General. Based on the eponymous 1966 novel and set during the English Civil War, the film follows the exploits of infamous witch-hunter Matthew Hopkins, who brags about receiving the title of “witchfinder general” despite never receiving an appointment from Parliament. After Hopkins targets the wrong woman, he becomes the subject of a young soldier’s wrath.

Witchfinder General‘s importance to horror is impossible to ignore. Quite possibly the first folk horror film in history, Witchfinder General, which was later retitled to The Conqueror Worm in the U.S., finds terror in the very real danger of fanaticism and weaponized hysteria. The film preys on very real fears to craft a tale of paranoia, power lust, and indoctrination, using the mighty Vincent Price to deliver its message.

Witchfinder General – Vincent Price (1968) – Official Trailer

The actor was seldom better than he’s here as Matthew Hopkins, an utterly despicable and truly chilling figure that ranks among his finest on-screen creations. The ending will surely haunt audiences’ nightmares for days, making Witchfinder General a perfect watch for horror fans.

Advertisement

Witchfinder General is available to stream on PlutoTV.

The Company of Wolves (1984)

A wolf's snout coming out of a man's mouth in The Company of Wolves.
ITC Entertainment

When one thinks of the fantasy genre, chances are that images of knights, dragons, and wizards come to mind. Hardly anyone would expect one of the best fantasy movies to be a dark and dreadful fairy tale, yet that’s exactly what Neil Jordan’s The Company of Wolves is. This gothic tale, inspired by the classic Little Red Riding Hood, follows young Rosaleen (Sarah Patterson), who dreams of traversing a wolf-infested forest to reunite with her grandmother. When she meets a mysterious hunter in the woods, her life changes for good.

The Company of Wolves is an exquisite and lush Gothic story that shows a new side to horror. Blending disturbing scenes with straight-up body horror and fantasy sensibilities, the film offers a thoughtful and oneiric tale of sexual awakening, self-discovery, and the treacherous, ever-changing human nature that drives our actions.

The Company of Wolves (1984) – Official Trailer

Equal parts traditional fairy tale and off-putting and occasionally revolting horror story, The Company of Wolves is packed with meaning in every shot, brought to life by an absorbing production design that brings a dark yet alluring forest to unbelievable life.

Advertisement

The Company of Wolves is available to stream on Tubi.

You Won’t Be Alone (2022)

Alice Englert as Nevena #4 crouching and turning around in You Won't Be Alone.
Focus Features

Stories about witches are at the very foundation of the horror genre; luckily, modern cinema keeps delivering new and incredible versions of a well-known tale — for example, 2022’s You Won’t Be Alone. Starring an ensemble cast, including Noomi Rapace and Alice Englert, the film follows Nevena, a mute girl in 19th-century Macedonia who is captured by a witch and transformed into a shapeshifting witch herself. Alone in the world, Nevena adopts new identities on her way to discovering everything life has to offer.

You Won’t Be Alone is light on jump scares, preferring instead to build an atmosphere of mystery, anxiousness, and fear that dominates every scene. Like the best horror movies, it uses traditional horror and supernatural settings to tell a deeply humane story about self-discovery and the complicated, winding, and painful road to maturity, both physical and emotional.

YOU WON’T BE ALONE – Official Trailer [HD] – Only in Theaters April 1

Nevena’s tale is universal yet still profoundly intimate, brought to life by an excellent collection of actors who act as observers of the human condition. Silent but packed with meaning, You Won’t Be Alone is a thoughtful and thought-provoking entry into the so-called elevated horror movement.

Advertisement

You Won’t Be Alone is available to stream on Starz.






Source link

Advertisement
Continue Reading

Technology

Ulefone Armor Mini 20 Pro & Mini 20T Pro run various performance tests

Published

on

Ulefone Armor Mini 20 Pro & Mini 20T Pro run various performance tests

Ulefone recently announced the Armor Mini 20 Pro and Armor Mini 20T Pro smartphones, and the company has ran a bunch of performance tests on them. These two handsets are small rugged devices, which makes them rather unique.

The main difference between them comes to thermal imaging tech. The ‘T’ version has thermal imaging tech, while the other phone does not. It tries to compensate for that with an infrared camera, though.

The Ulefone Armor Mini 20 Pro & Mini 20T Pro go through several performance tests

Ulefone ran AnTuTu, Geekbench 6, 3D Mark, and Speedtest tests on the devices. The two phones have the same performance-related specs and software, so the results should be identical, which is why only one is shown in the video below.

The Ulefone Armor Mini 20 Pro series managed to reach 434,964 points on the AnTuTu benchmark. Speaking of which, the phone is fueled by the MediaTek Dimensity 6300 SoCo. It also comes with 8GB of RAM; which can be expanded to 16GB via virtual RAM.

Advertisement

In regards to the Geekbench 6 score, the device managed to reach 791 points in the single-core test, and 2,102 in the multi-core test. That’s per course for the MediaTek Dimensity 6300 processor.

In the 3DMark Wild Life test, the phone score 1,379 points. The only test that remained is the 5G Speed Test, that one will depend on the 5G speeds in your area, and with your carrier, of course. Ulefone managed to reach 192Mbps download, and 25.7Mbps upload speeds, though.

These phones use a tiny display, and a large battery

It’s also worth noting that both of these smartphones are IP68/IP69K and MIL-STD-810H certified. They’re rugged phones with a large battery (considering their size). They include a 4.7-inch display and a 6,200mAh battery pack.

Android 14 comes pre-installed, while a 50-megapixel main camera sits on the back. The Ulefone Armor Mini 20T Pro will be priced at $329.99, while the Armor Mini 20 Pro costs $249.99. They’ll go on sale on October 21 via AliExpress. The company is also running a giveaway, in case you’re interested.

Advertisement

Ulefone Armor Mini 20 Pro (AliExpress)

Ulefone Armor Mini 20 Pro (AliExpress)

Source link

Advertisement
Continue Reading

Trending

Copyright © 2024 WordupNews.com