India
The latest startup and technology news coming out of India.
CoinDCX, India’s leading cryptocurrency exchange, is expanding internationally through the acquisition of BitOasis, a digital asset platform in the Middle East and North Africa, the companies said Wednesday. The Bengaluru-based…
Unacademy is slashing another 250 jobs in latest round of cuts as Indian edtech sector continues to struggle.Q
India’s top AI startups include those building LLMs and setting up the stage for AGI as well as bringing AI to cooking and serving farmers.
Reliance Jio, Airtel kick off Indian telecom price hike
Reliance Jio and Airtel, the two largest telecom operators in India, have initiated what analysts expect to be an industrywide increase in tariffs in the world’s second largest wireless market,…
A hacker claims to be selling an extensive database associated with an Indian government portal meant for blue-collar workforce emigrating from the country.
Flipkart Group launches payments app, Super.money, in fintech push
Indian e-commerce giant Flipkart has quietly started rolling out a payments app, dubbed Super.money, as it broadens its fintech ambitions.
Accel, India’s most successful e-commerce investor, is making a contrarian move by turning its focus to smaller towns and villages.
Snapchat introduces new safety features to limit bad actors from contacting users
Snapchat on Tuesday announced a new suite of safety features, including updates to its account blocking functionality and enhanced friending safeguards, making it difficult for strangers to contact users on…
Rocketlane snags $24M to bring AI-led experiences for professional services teams
Rocketlane initially aimed to support customer onboarding. However, it has broadened its scope and doubled down on addressing the needs of professional services teams.
India’s Zyod raises $18M to expand its tech-enabled fashion manufacturing to more countries
The Gurugram-based startup works with Indian factories to help them manufacture fashion wear for global brands.
Prosus, the largest external investor in Byju’s, has written off its 9.6% stake in Indian edtech firm.
Zepto, a 10-minute delivery app, raises $665M at $3.6B valuation
Zepto, an Indian quick commerce startup, has more than doubled its valuation to $3.6 billion in a new funding round of $665 million.
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General Catalyst merges with Venture Highway in India push
General Catalyst is linking up with Venture Highway to make a deeper push into India, where it plans to invest over $500 million in coming years.
Google brings Gemini mobile app to India with support for 9 Indian languages
Google has released its dedicated AI mobile app Gemini in India — over four months after its debut in the U.S. — with support for nine Indian languages alongside English. The…
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Can quick commerce leapfrog e-commerce in India?
Even as quick commerce startups are retreating, consolidating or shutting down in many parts of the world, the model is showing encouraging signs in India. Consumers in urban cities are embracing the convenience of having groceries delivered to their doorstep in just 10 minutes. The companies making those deliveries —…
Court halts Byju’s second rights issue as $200M fundraise falters
An Indian court has restrained Byju’s from proceeding with its second rights issue amid allegations of oppression and mismanagement by its shareholders.
India’s largest wealth manager focused on ultra-high-net-worth individuals, 360 One WAM, has agreed to acquire popular Indian mutual fund investment app ET Money for about $44 million. Earlier called IIFL…
How Urvashi Barooah broke into venture after everyone told her she couldn’t
When Urvashi Barooah applied to MBA programs in 2015, she focused her applications around her dream of becoming a venture capitalist. She got rejected from every school, and was told…
BlackRock has slashed the value of stake in Byju’s, once worth $22B, to zero
HSBC and BlackRock estimate that the Indian edtech giant Byju’s, once valued at $22 billion, is now worth nothing.
Sirion, now valued around $1B, acquires Eigen as consolidation comes to enterprise AI tooling
There’s a lot of buzz about generative AI and what impact it might have on businesses. But look beyond the hype and high-profile deals like the one between OpenAI and…
Google’s updated AI-powered NotebookLM expands to India, UK and over 200 other countries
Google on Thursday said it is rolling out NotebookLM, its AI-powered note-taking assistant, to over 200 new countries, nearly six months after opening its access in the U.S. The platform,…
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Amazon buys Indian video streaming service MX Player
Amazon has agreed to acquire key assets of Indian video streaming service MX Player from the local media powerhouse Times Internet, the latest step by the e-commerce giant to make its services and brand popular in smaller cities and towns in the key overseas market. The two firms reached a…
Temasek, Fidelity buy $200M stake in Lenskart at $5B valuation
Temasek has previously invested in Lenskart, and this new funding follows a $500 million investment by the Abu Dhabi Investment Authority last year.
Stripe, the world’s most valuable fintech startup, said on Friday that it will temporarily move to an invite-only model for new account sign-ups in India, calling the move “a tough…
Ambani’s Reliance fires opening salvo in fintech battle, launches JioFinance app
With JioFinance, the Indian tycoon Mukesh Ambani is making his boldest consumer-facing move yet into financial services.
India’s Agnikul launches 3D-printed rocket in suborbital test after initial delays
After two years of preparation and four delays over the past several months due to technical glitches, Indian space startup Agnikul has successfully launched its first suborbital test vehicle, powered…
MARS doubles down on India’s Infra.Market with new $50M investment
Infra.Market, an Indian startup that helps construction and real estate firms procure materials, has raised $50M from MARS Unicorn Fund.
Adani looks to battle Reliance, Walmart in India’s e-commerce, payments race, report says
India’s Adani Group is in discussions to venture into digital payments and e-commerce, according to a report.
Indian EV startup Zypp Electric secures backing to fund expansion to Southeast Asia
Indian startup Zypp Electric plans to use fresh investment from Japanese oil and energy conglomerate ENEOS to take its EV rental service into Southeast Asia early next year, TechCrunch has…
Jio Financial unit to buy $4.32B of telecom gear from Reliance Retail
A Jio Financial unit plans to purchase customer premises equipment and telecom gear worth $4.32 billion from Reliance Retail.
