IT総合 Indian banks attract VC and startup interest
Several Indian startups, along with venture capital funds and private equity investors, are scrambling to build investme...
Manish Singh
IT総合 IT総合 Prosus-backed fast-fashion startup Virgio, valued at $161 million, to shut down
Fast-fashion startup Virgio, founded by former Myntra chief, is shutting down its operations less than a year after rais...
IT総合 Abu Dhabi sovereign-wealth fund invests nearly $600M in Reliance Retail at $100B valuation
Abu Dhabi Investment Authority is investing $597 million in Reliance Retail, valuing the largest Indian retail chain at ...
IT総合 Premji Invest and Zerodha eye stake in Nainital Bank
A number of venture investors and startups are engaging with Bank of Baroda to acquire a stake in the lender’s sub...
IT総合 Netflix’s 6.5M India subscribers dwarfed by Prime Video and Disney, Bernstein says
Netflix has “not succeeded” in scaling up its business in India despite the global streaming giant consisten...
IT総合 Indian fintech CRED’s earnings surge 3.5x to $168 million
CRED grew its operating revenue by a staggering 255% to $168.1 million in the financial year ending March as the fintech...
IT総合 Indian fintech unicorn Slice secures rare approval to merge with bank
Indian unicorn fintech Slice is merging with North East Small Finance Bank, they said Wednesday after receiving the appr...
IT総合 Sam Altman backs teens’ AI startup automating browser-native workflows
Sam Altman, Peak XV, and Daniel Gross and Nat Friedman’s AI grant are among backers of an AI startup, founded by t...
IT総合 WestBridge seeks to buy stake in India’s Meesho
WestBridge Capital is in advanced stages of talks to purchase shares of Meesho in the secondary market, according to two...
IT総合 Indian music label giant Saregama acquires Pocket Aces
Saregama has acquired a 51.82% stake in the digital entertainment startup Pocket Aces as the oldest Indian music label m...
IT総合 Byju’s to cut as many as 5,000 more jobs amid business restructuring
Byju’s plans to cut as many as 5,000 jobs in the coming weeks, a person familiar with the matter said, as the Indi...
IT総合 GIC in talks to lead $40 million funding in India’s Vegrow
GIC is in talks to invest in the Indian startup Vegrow, which runs a business-to-business marketplace for fruits, two so...
IT総合 Amazon to invest up to $4 billion in AI startup Anthropic
Amazon said Monday it has agreed to invest up to $4 billion in AI startup Anthropic as the e-commerce group steps up riv...
IT総合 India’s PhonePe launches app store with zero fee in challenge to Google
PhonePe launched the Indus AppStore Developer Platform on Saturday, promising zero platform fee and no commission on in-...
IT総合 Google-backed Indian audio platform Kuku FM raises $25 million
Google-backed audio content platform Kuku FM has raised $25 million in a new funding round as it looks to make deeper in...
IT総合 YC says visa challenges hampering participation of international founders
The most recent cohort from Y Combinator features more than 200 startups. More than a record half of the S23 startups fo...
IT総合 Prosus, Naspers CEO Bob van Dijk abruptly steps down
Bob van Dijk, the chief executive of Dutch e-commerce investor Prosus and its controlling shareholder Naspers, has resig...
IT総合 Koo, India’s Twitter alternative, seeks strategic partner amid funding crunch
Koo, India’s alternative to Twitter, is looking to find a partner with a “distribution strength” as it...
IT総合 Meta says not planning ads on WhatsApp
Meta on Friday disputed a media report that claimed the social giant was exploring bringing ads on the popular messaging...
IT総合 Apple adds support for India’s GPS alternative NavIC to iPhone 15 Pro
Apple has extended support for NavIC to some of the new iPhone 15 models, seemingly complying with New Delhi’s pus...
IT総合 Indian consumers’ rising appetite for premium
Indian consumers, traditionally seen as price-conscious, are showing a growing appetite for premium items across a range...
IT総合 KKR invests $250 million in Reliance Retail at $100 billion valuation
KKR is doubling down on its bet in Reliance Retail, valuing India’s largest retail chain at $100 billion in a fresh $250...
IT総合 India to explore London Stock Exchange for listing local firms
India will explore the possibility of allowing local firms to list on the London Stock Exchange, ministers from both the...
IT総合 Perfios raises $229 million for its real-time credit underwriting solutions
Perfios, an Indian fintech that provides real-time credit underwriting solutions to banks and non-banking financial inst...
IT総合 Coinbase to discontinue services in India later this month
Coinbase plans to cease all exchange services for users in India, it has warned some customers in email, over a year aft...
IT総合 India’s Reliance partners with Nvidia to build large language model
Reliance Industries’s Jio Platforms has partnered with GPU giant Nvidia to work on building a large language model...
IT総合 Dream11-backed NFT startup Rario founders to leave a year after $120M funding
The two founders of Rario, the cricket NFT startup in which India’s Dream11 led a $120 million funding round last ...
IT総合 Senior executives quit SoftBank-backed Oyo amid public listing deliberation
Two senior executives at Oyo have left the budget-hospitality startup, mere months before the company plans to list. Ank...
IT総合 Telecom operators in India want tech companies to pay for network usage
Telecom operators in India are urging internet companies to compensate for using their networks, a recommendation they&#...
IT総合 Hero MotoCorp to increase stake in Ather with fresh $66.5 million investment
Hero MotoCorp, the world’s top two-wheeler maker, said on Monday it plans to invest up to $66.5 million in Ather E...