Latest from Manish Singh
By any benchmark, Accel is among the top venture firms in India. With nearly two dozen Indian unicorn startups, including several category leaders, Accel’s track record speaks for itself. Yet…
PayPal backs Indonesian insurance startup Qoala in $47M funding
PayPal Ventures’ latest investment is in an Indonesian startup that provides personal insurance products covering a variety of risks, including accidents, phone screen damage, and ticket cancellations to over 5…
Stability AI CEO resigns because you’re ‘not going to beat centralized AI with more centralized AI’
Stability AI founder and chief executive Emad Mostaque has stepped down from the top role and from the unicorn startup‘s board, the buzzy firm said Friday night, making it the…
US DOJ’s blockbuster lawsuit against Apple is headline grabber but poses limited near-term impact
The U.S. Department of Justice filed a lawsuit against Apple Thursday, accusing the company led by CEO Tim Cook of engaging in anticompetitive business practices. The allegations include claims that…
Crypto exchange OKX ceases services in India; KuCoin becomes FIU compliant
Updated at 12.16am IST, March 23: KuCoin said it has become the first global crypto exchange to comply with India’s FIU. KuCoin said it will support local banks in India…
Star partner at Indian venture firm Nexus to leave and launch own fund
Sameer Brij Verma, a high-profile investor at the venture firm Nexus, will be leaving the fund later this year, he confirmed to TechCrunch, in a move that has sent shock…
India will fact-check online posts about government matters
Updated at 1.30pm IST, March 21: India’s Supreme Court has put the gazette notification on hold until petitions challenging it have been resolved. In India, a government-run agency will now monitor…
India’s electric two-wheeler startups surge to over 150 as government revs up EV push
The number of startups in India’s electric two-wheeler market has surged to over 150 from 54 in 2021, driven by government incentives to promote clean vehicles and cut oil imports,…
Microsoft has hired Mustafa Suleyman and Karén Simonyan, co-founders of high-profile AI startup Inflection AI, and several of their colleagues in one of the strangest deals as the Satya Nadella-led cloud…
India is walking back on a recent AI advisory after receiving criticism from many local and global entrepreneurs and investors. The Ministry of Electronics and IT shared an updated AI…
India orders antitrust probe into Google’s app store billing practices
India’s antitrust regulator has ordered an investigation into Alphabet’s Google amid a dispute with some Indian developers over its in-app billing system, saying the U.S. tech giant implemented its policies in…
India cuts import taxes on EVs in win for Tesla’s entry plans
India will lower import taxes on certain electric vehicles for companies committing to invest at least $500 million and setting up a local manufacturing facility within three years, a policy…
Abu Dhabi’s ADIA explores investment in India’s Pocket FM, sources say
Abu Dhabi’s sovereign wealth fund ADIA is in talks to back Pocket FM in a large new round of funding, two sources familiar with the matter told TechCrunch, as the…
India’s Paytm has secured a vital license it needed to survive and maintain continuity of several core features of its eponymous payments app, a day before the firm’s banking unit…
Reliance buys Paramount’s stake in Indian media Viacom18 for $517 million
Mukesh Ambani’s Reliance is buying Paramount Global’s 13% stake in Viacom18 for $517 million as Asia’s richest man broadens his entertainment business just weeks after striking a multibillion dollars deal…
Teachers’ Venture Growth mints new unicorn in Indian fintech Perfios
Teachers’ Venture Growth, the late-stage venture and growth investment arm of Ontario Teachers’ Pension Plan, is investing $80 million in Perfios, an Indian fintech that provides real-time credit underwriting solutions…
Peak XV to launch perpetual fund backed by own partners, other leaders
Peak XV is creating an “evergreen” fund bankrolled by its investment partners and extended team, according to an internal memo and a source familiar with the matter. The venture firm…
Featured Article
Quick commerce is making fast inroads in India
Even as quick commerce is slowly fading in many markets and several heavily funded startups have folded shop in the past two years, India is emerging as a striking outlier where the model — of delivering items to customers in 10 to 20 minutes — appears to be working. India’s…
Elon Musk’s AI startup xAI will open source Grok, its chatbot rivaling ChatGPT, this week, the entrepreneur said, days after suing OpenAI and complaining that the Microsoft-backed startup had deviated…
Baron boosts Swiggy valuation to $12.16B, above prior private market value
Baron Capital, an investor in Indian food delivery startup Swiggy, has increased the value of its stake in the Indian firm, implying a valuation of $12.16 billion, surpassing the $10.7…
Sea’s Garena has yet to launch its popular mobile title Free Fire in India, more than six months after announcing plans to do so, a prolonged delay that has raised…
The Indian e-commerce giant Flipkart is planning to enter the quick-commerce business, aimed at providing customers with the convenience of receiving their orders instantly after making their purchases, a source…
OpenAI says Musk only ever contributed $45M, wanted to merge with Tesla or take control
OpenAI, the most valuable AI startup, said Wednesday it intends to dismiss all claims made by Elon Musk in a recent lawsuit and suggested that the billionaire entrepreneur, who was…
India reverses AI stance, requires government approval for model launches
India has waded into global AI debate by issuing an advisory that requires “significant” tech firms to get government permission before launching new models. India’s Ministry of Electronics and IT…
Camshaft disclosed in court filings this week that some $533 million it managed for Byju’s Alpha, a U.S. unit of Indian edtech group Byju’s, was transferred to another 100% and…
Elon Musk sues OpenAI and Sam Altman over ‘betrayal’ of nonprofit AI mission
Elon Musk has sued OpenAI, its co-founders Sam Altman and Greg Brockman, and its affiliated entities, alleging the ChatGPT makers have breached their original contractual agreements by pursuing profits instead…
Google pulled more than a dozen popular apps from Play Store in India on Friday after warning that it will be taking actions against developers who have persistently not complied…
Reliance-Disney India media merger to control 85% of streaming, half of TV audience
The merger of Indian media assets of Reliance, its portfolio Viacom18 and Disney will create an entity that captures 85% of the country’s on-demand streaming service audience and about half…
Ambani’s Reliance and Disney merge India media assets to form $8.5B joint venture
Reliance, its portfolio Viacom18 and Disney are merging their media businesses in India, creating the largest media entity in the world’s most populous nation. Reliance, which will control the joint…
Media startup Dailyhunt is in advanced stages of talks to acquire the Bengaluru-headquartered social network Koo, two sources familiar with the matter told me. The potential deal under discussion involves…