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Facebook losing users to Snapchat; CallHealth garners $7.8M in funding


> Mark Zuckerberg – CEO, Facebook> Facebook is losing users to Snapchat faster than it would have liked. In 2018, Facebook is estimated to lose two million users aged 24 or below, while Snapchat is expected to gain 1.9 million in this age bracket, reveals a new forecast by eMarketer, writes Sohini Mitter.

> India was the fastest-growing smartphone market in the world in 2017, says Sohini Mitter. Shipments touched 124 million for the year, registering an annual growth of 14 percent — the highest globally — according to IDC. The effects of demonetisation have worn off, and fourth quarter (Q42017) sales registered an 18 percent growth year-on-year.

> Hari Thalapalli, CEO at CallHealthHyderabad-based CallHealth has raised funds to the tune of $7.8 million from Bennett Coleman and Company Limited (BCCL), reports Neha Jain. This is primarily a value-for-equity deal. This deal provides CallHealth with the ability to invest for customer education and engagement and to aid its next phase of growth and brand building.

 

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