Flipkart Announces Funding from SoftBank, Calls It ‘Biggest Private Investment in an Indian Tech Company’

Flipkart Announces Funding from SoftBank, Calls It 'Biggest Private Investment in an Indian Tech Company'

In a statement on Thursday, Flipkart announced an investment from the SoftBank Vision Fund, as a part of Flipkart’s previously announced round of financing. In its statement, Flipkart pointed out that this is the biggest ever private investment in an Indian technology company, and will make the SoftBank Vision Fund one of the largest shareholders in Flipkart.

With this, Flipkart will now have over $4 billion (approximately Rs. 25,585 crores) in cash on its balance sheet, the company stated. This includes the rest of the funds raised in the latest round, which includes investment from Microsoft, eBay, and Tencent.

In a prepared statement, co-founders Binny Bansal and Sachin Bansal said: “This is a monumental deal for Flipkart and India. Very few economies globally attract such overwhelming interest from top-tier investors. It is recognition of India’s unparalleled potential to become a leader in technology and e-commerce on a massive scale. SoftBank’s proven track record of partnering with transformative technology leaders has earned it the reputation of being a visionary investor. We’re excited to welcome the Vision Fund as a long-term partner as we continue to build our business with a focus on serving the needs of all Indians, and driving the next phase of technology adoption in India.”

In recent times, Flipkart also completed the acquisition of eBay India, and was reportedly in talks to acquire Snapdeal. SoftBank is one of the lead investors in Snapdeal, though the day after Snapdeal announced that it terminated talks with Flipkart, it emerged that SoftBank was looking to invest in Flipkart.

“India is a land of vast opportunity,” said Masayoshi Son, Founder, Chairman, and CEO of SoftBank Group. “We want to support innovative companies that are clear winners in India because they are best positioned to leverage technology and help people lead better lives. As the pioneers in Indian e-commerce, Flipkart is doing that every day.”

“The Vision Fund is proud to be part of this landmark transaction which is a strong endorsement of India and its thriving economy,” added Rajeev Misra, CEO of the SoftBank Vision Fund. “We look forward to being a part of Flipkart’s journey towards becoming one of the most successful e-commerce companies in the world.”

 [Source”indianexpress”]

Here’s How To Remove Your Private Medical Records From Google Search Results – And Why You Should

Google is now entertaining requests of users who want to remove their private medical records online from search results.

Of course, this is one surefire way to address online safety and privacy, especially at a time when hackers tend to target the networks of numerous medical facilities or related peripherals across the globe.

How To Remove Your Private Medical Records

Before getting into the nitty-gritty details, it should be mentioned that Google recently updated its policy in removing online content from Google, which now includes “confidential, personal medical records of private people.”

Basically, what you want to do here is send proof to Google that your personal data is turning up in the search results and get in touch with the company to take it down.

Step 1: Double-check whether or not your private medical records are indeed online. To do this, simply search for your name on Google Search.

Note: Arguably, the best time to check is when news about hackers breaching medical facilities’ networks make the headlines.

Step 2: Copy and save the URL of a website where you found your details.

Step 3: Head to Google’s support page for taking down online content and make the request official.

Step 4: At the bottom of the page, click on “Remove information you see in Google Search” and answer the rest of queries accordingly. At the end of it all, provide the URL containing your personal records.

Note: If that support page doesn’t exactly fit the bill, you can head on over to Google’s legal support page for removing content, which offers more options to report.

Why You Should Ask Google To Remove Your Private Medical Records

As a rule of thumb, the less info you have on the internet, the less likely you are to become a victim of cybercrimes.

Back in August 2015, personal details of 3.9 million people got leaked online, leaving the victims vulnerable to hackers.

In other words, they were at risk of having their identities and banking and credit card info stolen, and they could’ve even had their medical information sold or used by other individuals and get denied medical attention due to debts.

The Bottom Line

To sum things up, Google is expanding the types of content it’ll remove from the search results, with the latest addition to the policy for private medical records.

It should be pointed out that users can have all sorts of sensitive info taken down as long as it’s under the company’s guidelines.

“You can ask Google to remove your sensitive personal information, like your bank account number, or an image of your handwritten signature, or a nude or sexually explicit image or video of you that’s been shared without your consent, from Google search results,” Google says.

With all said and done, staying safe and keeping your personal info private on the internet should b

[Source”GSmerena”]