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ETtech Evening Briefing on Feb. 16, 2021: Greta’s toolkit explained


Good evening,

The Delhi Police’s ‘toolkit’ case continues to shock and appall. Two women facing arrest in the case applied for bail in the Bombay High Court, and one was granted bail on Tuesday.

Shared by Greta Thunberg on February 4, the toolkit has been spoken about endlessly since the arrest of 21-year-old climate activist Disha Ravi on Saturday. The police claim the toolkit is “seditious”, but what exactly did it contain? Read on to find out.

1. When protest becomes ‘sedition’

The Bombay High Court yesterday granted anticipatory bail for 10 days to activist Shantanu Muluk in connection with the Delhi police’s “toolkit” case. The court also heard a transit bail application related to the case by lawyer and activist Nikita Jacob, and will give its verdict tomorrow.

Muluk and Jacob sought anticipatory bail after the Delhi Police arrested 21-year-old climate activist Disha Ravi from Bengaluru on Saturday for the “crime” of editing and sharing the protest playbook that Greta Thunberg had originally posted on Twitter on February 4 in support of the farmers’ protest. Thunberg later took down the playbook, only to tweet an updated version of it later.

In a series of tweets, the Delhi Police claimed Disha was the ‘editor’ of the original toolkit, on which their case is based, and called her a ‘key conspirator’ behind its preparation and dissemination. They claimed the toolkit was seditious but failed to explain why.

So what’s in Greta’s toolkit? The original toolkit has headings such as ‘Urgent action’, ‘Prior actions’, and a detailed ‘How you can help’ section.

‘Urgent actions’ includes information on such things as how to start a ‘Twitter storm’ on February 4 and 5; contact government representatives and ask them to take action; divest “monopolists and oligopolists like Adani-Ambani”, and organise protests “near the closest Indian Embassy, Media House or your local government office”.

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‘Prior actions’ includes examples of previous efforts, including plans for a Tweet storm on January 23, and calls for a protest near Indian embassies, government offices and media houses around the world on January 26. The police claim this section indicates that the violence in Delhi on January 26 was premeditated.

It also has links to

  • A website that talks about holding protests, donating, and using social media to support the farmers.
  • A newsletter on the farmers’ protests and a blog recording the number of farmers who have died during the protests since late November.
  • A petition to abolish the three farm bills and support the protesting farmers.
  • A petition to the UN that says freedom to express dissent is a pillar of democracy.
  • Ways to petition UK MPs to support the farmers in India.

2. Tata to add BigBasket to its cart

Tata Group will
buy a 68% stake in India’s largest online grocery BigBasket for about $1.31 billion, ET Now reported on Tuesday, citing sources.

Last month, ET reported Tata will
shell out a total $1.2 billion, in a mix of a primary and secondary sale of shares, giving it a 60% stake in BigBasket. The salt-to-steel conglomerate has finalised a $200-250 million primary cash infusion in BigBasket as part of its larger deal to acquire a majority stake in India’s biggest online grocery company.

ET
first reported about Tata buying a majority stake in BigBasket on 28 October 2020.

Why it matters: The transaction is expected to be one of the largest acquisitions in India’s growing consumer internet space. It will ascribe a valuation of $1.6 billion to the Bengaluru-based company. BigBasket’s last-round valuation was $1.2 billion.

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Currently, Alibaba holds a 27.58% stake in the company, and Actis owns about 18.05%, according to data from business intelligence platform Paper.vc. Acquiring the stakes of just these two investors will bring Tata close to the majority stake it’s seeking in BigBasket.

3. Unacademy acquires TapChief

SoftBank-backed edtech startup Unacademy has
acquired TapChief, an online platform for professionals to earn money without full-time jobs. Unacademy will pick up a majority stake in TapChief in a deal valued at Rs 100 crore, providing an exit to existing investors.

Buying spree: TapChief is the seventh acquisition by Unacademy in the past 12 months. Last year, the company bought test preparation platforms Prepladder, NeoStencil, Coursavy, Kreatryx and CodeChef, and K12 learning platform Mastree.

Edtech boom: Online education has emerged as one of the hottest sectors in India since the start of the pandemic, with several players landing large financing rounds in recent months. In November, Tiger Global and Dragoneer invested an undisclosed amount into the Unacademy Group at a
valuation of $2 billion. That came two months after the SoftBank Vision Fund led a
$150 million funding round in the Bengaluru-based company at a valuation of $1.45 billion.

Also Read:
Byju’s set to buy rival Toppr for $150 million: Report

4. Amazon to make Fire TV sticks in India

Amazon. is
setting up its first device manufacturing line in India to make Fire TV sticks locally. The facility will become operational later this year.

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The company has partnered with Cloud Network Technology, a subsidiary of Foxconn, to begin producing the device at its Chennai plant, with an annual capacity of “hundreds of thousands” of units.

The move is in line with Amazon’s plan to partner with the government’s Atmanirbhar Bharat mission. The company reiterated its commitment to invest $1 billion into the country to digitise 10 million small and medium businesses by 2025 and create a million additional jobs by then.

5. ETtech Done Deals

■ MSP sales platform
Zomentum has
raised $13 million in Series A funding from Elevation Capital, Accel, and Greenoaks Capital, along with participation from Eight Roads Ventures. The funding will be used to further build out its product and for geographic expansions.

■ OnePlus co-founder Carl Pei’s upcoming consumer technology company
Nothing is allowing the general public to invest up to $1.5 million in the company as part of a community equity round. This fundraising will be at the same valuation as the firm’s $15 million Series A funding round led by Alphabet’s GV last week. The shares will be available to users on a first-come, first-serve basis with pre-registrations starting on Tuesday, the company said. Nothing has raised a total of $22 million to date.





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