Apple to Buy Radio App Swell for $30 Million

Multiple resources report that Apple is close to buying the radio app Swell for about $30 Million. Swell’s iOS app created personalized streams of various podcasts and shows.The Swell app is to be shut down this week.Much of the Swell team is to join Apple. This deal is yet another in the string of content apps that Apple have picked up over the past few months. LINK

Zomato CMO Alok Jain Quits

Zomato CMO Alok Jain has quit 10 months after his appointment. A replacement haven’t been announced yet. Zomato was trying to become a global brand and had stated plans of expanding to 22 new countries across Europe, Southeast Asia, Australia and the Americas. Recently, they launched in Chile and acquired a New Zealand-based online restaurant guide. LINK

BrutPOS Virus Targeting Indian POS Counters

CERT-In, the national agency in charge of securing the Indian Internet domain has issued an alert against ‘BrutPOS’ – a virus of the Trojan/Botnet family which attacks Point of Sale (POS) business counters. The infection carries the potential of stealing all of a card’s data. The agency has recommended to keep the POS softwares updated, admin access denied and vigilant against bruteforce attacks. LINK

Flipkart Raises a Massive $1 Billion, Amazon to Invest $2B

Flipkart has confirmed that it has raised a fresh $1 Billion in a round led by existing investors Tiger Global and Naspers along with GIC, Accel, and DST Global, at a $7 billion valuation. This is the largest investment raised by an Internet company in India and probably one of the largest globally as well. This takes the total Flipkart has raised so far to $1.75 billion. “This investment helps us think really long term and take big bets” – Sachin Bansal. Acquisitions are expected to continue. LINK 

Following this, Amazon has announced that it plans to invest $2B in India. Link