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Smartphone brand OPPO on Thursday announced that it is all set to launch one of the most anticipated Reno6 <keyword id="8509866" type="UNKNOWN" weightage="20" keywordseo="smartphone-series">smartphone series</keyword> in <keyword id="3658" type="LOCATION" weightage="20" keywordseo="India">India</keyword> on July 14. The upcoming series consists of two smartphones, <keyword id="11549670" type="PERSON" weightage="20" keywordseo="reno6-pro">Reno6 Pro</keyword> 5G and Reno6 5G, that pack leading imaging technologies, such as industry-first Bokeh Flare Portrait Video, AI Highlight Video and additional professional camera features to capture every emotion in a portrait. "The <keyword id="11549669" type="UNKNOWN" weightage="20" keywordseo="reno6-series">Reno6 series</keyword> are the perfect for new age video-creators, backed by industry-first Bokeh Flare Portrait Video and other leading videography features to capture cinematic and professional-level videos," <keyword id="3397351" type="PERSON" weightage="20" keywordseo="damyant-singh-khanoria">Damyant Singh Khanoria</keyword>, Chief Marketing Officer, OPPO India, said in a statement. "Like a studio in your pocket these come with advanced camera and design technology while guaranteeing a powerful performance, super-fast charging in a sleek and hard-to-look-away design," Khanoria added. OPPO Reno6 Pro 5G bundles in exceptional performance, featuring flagship MediaTek 5G SoC with <keyword id="17786" type="COMPANY" weightage="20" keywordseo="ram">RAM</keyword> expansion. Furthermore, the OPPO Reno6 series incorporates 65W SuperVOOC 2.0, faster, safer and more stable low voltage flash charging technology. The phone also allows for real-time professional video editing whilst filming with its So LOOP offering, the company said. A recent report said that the OPPO Reno6 Pro is likely to feature a 6.55-inch OLED with a 32 MP camera, while the main shooter will be 64 MP. SEE ALSO: <a href="https://www.businessinsider.in/cryptocurrency/news/twitter-is-giving-away-140-free-nfts-to-followers-and-theyre-not-available-any-other-way/articleshow/84010546.cms">Twitter is giving away 140 free NFTs to followers — and they’re not available any other way</a> <a href="https://www.businessinsider.in/business/startups/news/new-technology-is-putting-conventional-jobs-out-of-business-msme-exchange-panelists-highlight-on-how-it-helps-in-the-long-run/articleshow/84013275.cms">New technology is putting conventional jobs out of business -- MSME Exchange panelists highlight on how it helps in the long run</a> <a href="https://www.businessinsider.in/business/startups/news/swiggy-coo-vivek-sunder-will-be-exiting-the-company-by-october/articleshow/84010468.cms">Swiggy COO Vivek Sunder will be exiting the company by October, CEO Sriharsha Majety may take over</a> <a href="https://www.businessinsider.in/business/telecom/news/vodafone-idea-stocks-tank-after-march-quarter-results/articleshow/84010118.cms">Vodafone Idea shares in deep red as an uncertain future looms</a>

Oppo Reno 6, Reno 6 Pro with 5G to launch in India on July 14

As the price of <keyword id="6354947" type="LOCATION" weightage="20" keywordseo="bitcoin">bitcoin</keyword> increased by almost 400 per cent, <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite" id="docs-internal-guid-61dc63ce-7fff-a688-ce3f-4256e03d586f">cryptocurrency</a>-related email compromise <keyword id="6375169" type="UNKNOWN" weightage="20" keywordseo="attacks">attacks</keyword> increased by 192 per cent between October 2020 and May 2021, a report said on Tuesday. According to cloud-enabled security solutions provider Barracuda Networks, cybercriminals are taking advantage of the opportunities this creates for them to trick potential victims and increase the profits they can make from their attacks. "The digital format of cryptocurrencies make them decentralised in nature and without any regulations, they have become the currency of choice for cybercriminals," Murali <keyword id="172569" type="PERSON" weightage="20" keywordseo="Urs">Urs</keyword>, Country Manager, Barracuda Networks-India, said in a statement. "It fuelled and enabled a multi-billion economy of ransomware, cyber-extortion and impersonation. These attacks are targeting not just private businesses, but also critical infrastructure, so they increasingly pose a national security risk," Urs added. Urs also said that the recent high-profile attacks on organisations like Colonial Pipeline and <keyword id="362428" type="COMPANY" weightage="20" keywordseo="JBS">JBS</keyword> in the US are likely to bring greater interest in the government's intervention and regulation of <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite" id="docs-internal-guid-d8894b19-7fff-d56a-506c-0b089f9ade8e">bitcoin</a>. Hackers use bitcoin to get paid in extortion attacks where they claim to have a compromising video or information that will be released to the public if the victim does not pay to keep it quiet. While this scheme has been around for some time, as the price of bitcoin climbed, cybercriminals started including it as part of their business email compromise attacks impersonating employees within an organization. They target and personalize these emails to get their victims to purchase bitcoin, donate them to fake charities, or even pay a fake vendor invoice using <keyword id="6357017" type="DEFINITION" weightage="20" keywordseo="cryptocurrency">cryptocurrency</keyword>. Due to the rapid growth in the perceived value of bitcoin, ransomware attacks have also become more damaging than ever. In 2019, ransom demands ranged from a few thousand dollars to $2 million at the top end. By mid-2021 most demands were in the millions, with a significant number over $20 million. <a href="https://forum.businessinsider.in/">For a more in-depth discussion, come on over to Business Insider Cryptosphere</a> — a forum where users can deep dive into all things crypto, engage in interesting discussions and stay ahead of the curve. SEE ALSO: <a href="https://www.businessinsider.in/cryptocurrency/news/twitter-is-giving-away-140-free-nfts-to-followers-and-theyre-not-available-any-other-way/articleshow/84010546.cms">Twitter is giving away 140 free NFTs to followers — and they’re not available any other way</a> <a href="https://www.businessinsider.in/cryptocurrency/news/formula-one-strikes-a-100-million-sponsorship-deal-with-a-crypto-exchange-for-five-years/articleshow/84013515.cms">Formula One just struck another crypto deal — this time for a reported $100 million</a> <a href="https://www.businessinsider.in/cryptocurrency/news/south-africas-4-billion-in-crypto-scams-has-regulators-scrambling-to-bring-in-new-regulations-within-the-next-three-to-six-months/articleshow/84015957.cms">South Africa’s $4 billion in crypto scams has regulators scrambling to bring in new regulations within the next three to six months</a>

Cryptocurrency-related cyberattacks jumped four-fold as the price of Bitcoin boomed between October and May

The founders of Swiggy <keyword id="254527" type="PERSON" weightage="20" keywordseo="Sriharsha-Majety">Sriharsha Majety</keyword> and Nandan Reddy have something magical about them. Coming from the background of entrepreneurs, they always said entrepreneurship was always in their blood. Here are a few interesting facts about the founders of Swiggy that you might not have known but will inspire you. Harsha believes in being stubborn Stubbornness is one personality trait that Harsha believed to have shaped him. He says, “I was really stubborn about doing things that excited me and was ready to commit myself to it.” Inspired by this belief, he turned his back to the campus placement and enjoyed a year of gap before he joined IIM Calcutta. Harsha was inspired by Phanindra Sama, Founder of RedBus The amazing growth of Phanindra Sama’s concern RedBus inspired Harsha and gave him the idea that he can take a plunge into the ecommerce arena. Initially they set up a logistics company Harsha and Nandan Reddy initially founded a logistics company known as Bundle in August 2013. This is because they discovered a huge potential in the logistics and shipping sector within the ecommerce industry. They wanted to democratize shipping and intended to provide the fastest way for people to make shipments across the country. Their crucial need was to find a technology co-founder They needed a technology co-founder to make their vision into a reality. Saying that the need to find a technology co-founder is crucial for every start-up, Harsha said, “It wasn’t easy (to find a technology partner) as none of my friends were ready to take the risk and finally I had to resign to reality and got a contractor to build the product.” Their first venture could not succeed By the time they got ready with the business model of Bundl, they found that the way the ecommerce market worked had changed dramatically. Ecommerce sellers like Flipkart and eBay wanted to handle the shipping of their products themselves and this trend led to the shrinking of the market. They had to shut down their first venture within a year saying, “That’s when we knew that we had to change our focus and it wasn’t worth the opportunity cost. Thankfully, we didn’t have any employees, investors and liabilities at that time.” They learnt from failures Their failure for the first time did not put them down. Harsha wanted to turn their learning into something more fruitful. Contemplating on filling a gap they found in the market, they observed that the rationale behind founding Swiggy was, “There was no large company with ideas similar to ours and hence we saw a competitive advantage of building a hyperlocal delivery platform that moved things fast in the city.” The unique merits of Swiggy In most ways, they invented a food delivery platform that was original and incomparable with the existing ones. Establishing itself very soon as the largest online food ordering platform in the country, some of the unique merits of Swiggy include lightning fast deliveries, live order, no restrictions on order amount, and providing the comfort of giving them their most favorite food to the customers wherever they are. Read Also about other Personalities - <a href="https://www.businessinsider.in/interesting-facts-about-ola-founder-bhavish-aggarwal/articleshow/71186840.cms">Ola Founder Bhavish Aggarwal</a> <a href="https://www.businessinsider.in/10-interesting-facts-about-ratan-tata-that-you-should-know/articleshow/69914798.cms">Facts about Ratan Tata</a> <a href="https://www.businessinsider.in/interesting-facts-about-oyo-founder-ritesh-agarwal/articleshow/70417612.cms">Ola founder Ritesh Agarwal</a> <a href="https://www.businessinsider.in/unknown-facts-about-flipkart-founder-sachin-bansal/articleshow/70494717.cms">Flipkart founder Sachin Bansal</a>

Fact of Swiggy founders Sriharsha Majety & Nandan Reddy

Online delivery platform <keyword id="6358977" type="General" weightage="100" keywordseo="swiggy" source="Orion">Swiggy</keyword> has sold its Cloud Kitchen business to Kitchens@, a leading player in the rapidly growing cloud kitchen industry, for an undisclosed sum, as the growth rate for food delivery slows down. The online food aggregator will become a stakeholder in Kitchens@ through the all-equity transaction of Swiggy's <keyword id="60938" type="General" weightage="80" keywordseo="access" source="Orion">Access</keyword>. Swiggy pioneered the Cloud Kitchen model with the launch of <keyword id="5980102" type="General" weightage="50" keywordseo="swiggy-access" source="Orion">Swiggy Access</keyword> in 2017. The Swiggy Access programme allows restaurant partners to establish kitchen spaces in neighbourhoods where they do not currently operate, with the goal of offering more variety and shortening delivery times for consumers. "The addition of Swiggy's Access kitchens will bolster the reach and operations of Kitchens@'s in four cities across 52 locations and more than 700 kitchens, providing customers with more convenient and efficient food delivery options," <keyword id="16683930" type="General" weightage="50" keywordseo="junaiz-kizhakkayil" source="Orion">Junaiz Kizhakkayil</keyword>, CEO of Kitchens@ said. By leveraging Swiggy's analysis of local demand and selection of high-performing partners, Kitchens@ said it can diversify food options and meet customers' needs in specific areas. "Swiggy Access was started with the aim to bridge hyperlocal gaps in restaurant supply and solve for variety, quality, and convenience of food. Since its inception, Access has enabled several restaurant partners to innovate and expand their reach to new customers in a cost-effective manner," said <keyword id="717554" type="General" weightage="50" keywordseo="rahul-bothra" source="Orion">Rahul Bothra</keyword>, CFO of Swiggy. The current transaction enables a combined annual GMV of $65 million (Rs 520 crore) for Kitchens@. The company aims to reach $100 million in revenue within the next 6 months and has already secured Letters of Intent with over 40 national and international brands to partner with it using a Master Franchise Model. To cut costs, Swiggy in January said it was laying off 380 employees. "The growth rate for food delivery has slowed down versus our projections (along with many peer companies globally). This meant that we needed to revisit our overall indirect costs to hit our profitability goals," Sriharsha Majety, Co-founder and CEO, said in an email to employees. The company also said that it will be shutting down its meat marketplace very soon as the company was not able to achieve product-market fit despite their iterations. The online food delivery platform's losses doubled to Rs 3,629 crore in FY22 compared to Rs 1,617 crore in the last fiscal year. Total expenses went up 131 per cent to Rs 9,574.5 crore in FY22, according to its annual financial statement with the Registrar of Companies (RoC). SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/banks/news/indian-banks-decade-best-metrics-and-subdued-valuations-make-them-a-compelling-buy-bernstein/articleshow/98359442.cms">Indian banks’ decade-best metrics and subdued valuations make them a compelling buy: Bernstein</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/thelife/news/what-the-super-rich-are-buying-marilyn-monroe-painting-ming-era-chair-in-the-list/slidelist/98360028.cms">What the super rich are buying: Marilyn Monroe painting, Ming-era chair &amp; more</a>

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Oppo Reno 6, Reno 6 Pro with 5G to launch in India on July 14

IANS

Cryptocurrency-related cyberattacks jumped four-fold as the price of Bitcoin boomed between October and May

IANS

Fact of Swiggy founders Sriharsha Majety & Nandan Reddy

BI India Bureau

Swiggy sells Cloud Kitchen biz to Kitchens@ as food delivery growth slows down

IANS

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