5 billion people could face water shortage by 2050: UN
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5 billion people could face water shortage by 2050: UN
More than five billion people globally are expected to face a shortage of water by 2050, a United Nations agency report has warned.
According to the report, the biggest losses are occurring in Antarctica and Greenland, but many highly populated lower latitude locations are experiencing significant water losses in areas that are traditionally providing water supply, with major ramifications for water security.
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CoinSwitch Kuber becomes second crypto unicorn in India
CoinSwitch Kuber has become India’s second crypto unicorn, having raised over $260 million in Series C funding round, led by American venture capital firm a16z and Coinbase Ventures, at a valuation of $1.9 billion.
“The tonality of the finance minister and other folks who regulate crypto has really changed. They’re sending clear statements right now, saying they won’t shut down crypto. We have also seen policy makers ask experts about how to go about regulating the crypto space. This funding, because it involves investors like a16z, who have never really invested in India before will also build confidence amongst regulators,” he said.
Hiring and new asset classes aside, CoinSwitch Kuber will also launch a new ecosystem fund, meant to invest in other crypto and blockchain companies in the country.
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Swiggy announces ESOP liquidity programme worth up to $40 mn over 2 years
BENGALURU: Foodtech platform Swiggy has said it will allow employees to liquidate their stock options, with the programme pegged at $30 million-$40 million.
The exercise is based on its current valuation of $5.5 billion, and comes as it looks to help its staff create wealth.
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