India
The latest startup and technology news coming out of India.
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 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.
Oyo, once valued at $10 billion, shelves IPO plans for second time
India’s Oyo, once valued at $10 billion, has withdrawn its IPO application from the market regulator for the second time.
Paytm, a leading financial services firm in India, said its net loss widened in the fourth quarter as it grappled with a regulatory clampdown.
A Singapore High Court has effectively approved Pine Labs’ request to shift its operations to India.
A hacker listed the data allegedly breached from Samco on a known cybercrime forum.
Indian insurance startup Go Digit raises $141M from anchor investors ahead of IPO
Go Digit, an Indian insurance startup, has raised $141 million from investors, including Goldman Sachs, ADIA, and Morgan Stanley, as part of its IPO.
Google partners with Airtel to offer cloud and GenAI products to Indian businesses
Airtel, India’s second-largest telco, is partnering with Google Cloud to develop and deliver cloud and GenAI solutions to Indian businesses.
Scammers found planting online betting ads on Indian government websites
Some Indian government websites have allowed scammers to plant advertisements capable of redirecting visitors to online betting platforms. TechCrunch discovered around four dozen “gov.in” website links associated with Indian states,…
Garena is quietly making India-themed games even as Free Fire’s relaunch remains doubtful
Garena is quietly developing new India-themed games even though Free Fire, its biggest title, has still not made a comeback to the country.
Groww joins the first wave of Indian startups moving domiciles back home from US
Groww, an Indian investment app, has become one of the first startups from the country to shift its domicile back home.
India likely to delay UPI market caps in win for PhonePe-Google Pay duopoly
India’s mobile payments regulator is likely to extend the deadline for imposing market share caps on the popular UPI (unified payments interface) payments rail by one to two years, sources…
The new job cuts come over a year after the company cut about 4% of its headcount in February last year.