IT総合 Reliance-backed Dunzo defers staff pay again amid funding search
Dunzo, a hyperlocal delivery startup in India, is postponing employee salaries for a month and intends to settle remaini...
Manish Singh
IT総合 IT総合 Shark Tank India investors fall short on pledges
Over a year following the inaugural season of the Indian edition of Shark Tank, the seven esteemed investors made good o...
IT総合 Telegram raises $210 million through bond sales
Telegram raised about $210 million through bond sales this week from a number of investors, including its founder and ch...
IT総合 Mukesh Bansal seeks over $100M valuation in new venture’s maiden funding
Mukesh Bansal of Myntra and Cultfit fame is evaluating a new venture. Though he has yet to narrow down on what he plans ...
IT総合 India’s Furlenco to sell 35% stake for $36.5 million
Sheela Foam, the maker of the mattress brand Sleepwell, will be acquiring a 35% stake in furniture startup Furlenco, the...
IT総合 Flipkart makes $700 million payout to employees following PhonePe split
Flipkart commenced a $700 million “one-time discretionary” cash payout to employees on Friday, the single-la...
IT総合 Indian food delivery giant Swiggy acquires LYNK in retail distribution push
Swiggy has entered into a definitive agreement to acquire LYNK, a retail logistics startup with a network of over 100,00...
IT総合 India deals a 28% tax blow to online gaming industry
India plans to impose a significant tax on the fund that online gaming firms collect from consumers in a major blow to t...
IT総合 Foxconn seeks India incentive despite withdrawing from Vedanta venture
Foxconn said on Tuesday it plans to submit an application to access incentives under India’s semiconductor manufac...
IT総合 Amazon readies TV series on Indian startups
Amazon is looking to debut a TV show in India that will look to identify promising startups in the South Asian market, p...
IT総合 FrontRow, a learning platform featuring celebrities, shuts down
FrontRow, a hobby-learning and community platform featuring celebrities in India, has shut down, TechCrunch has learned ...
IT総合 Apple purges predatory lending apps in India following scrutiny
Apple removed several predatory lending apps from the App Store in India this week, days after users and media questione...
IT総合 Meta will nuke your Instagram account if you delete Threads profile
Threads, Meta’s Twitter rival, is attracting users at an unprecedented pace, amassing 10 million signups in just s...
IT総合 PharmEasy, once valued at over $5 billion, seeks new funding at a 90% valuation cut
Indian online pharmacy startup PharmEasy has informed its existing investors that it plans to raise a new round of fundi...
IT総合 India’s Flipkart begins customer lending in bid to boost sales
Flipkart has begun lending to customers, expanding its financing offerings in a move that could potentially boost sales ...
IT総合 India’s Reliance launches $12 4G-enabled phone to extend reach
Reliance’s digital arm, Jio Platforms, has unveiled a new mobile handset and associated tariff plans, the latest i...
IT総合 Twitter limits the number of tweets users can read amid extended outage
Twitter is putting limits to how many tweets its users can read as the Elon Musk-owned service suffers extended outage t...
IT総合 Fidelity deepens valuation cut for Reddit and Discord
Fidelity has further slashed the estimated worth of its holding in social platform Reddit and chat app Discord as well a...
IT総合 Twitter’s plea against India government dismissed
An Indian court has dismissed Twitter’s lawsuit against the Indian government that sought to challenge New Delhi&#...
IT総合 India startup funding slides 68% after Tiger and SoftBank make virtually no deals
Indian startups experienced a significant contraction in funding in the first half of 2023, revealing the knock-on effec...
IT総合 Prosus slashes edtech giant Byju’s valuation to $5.1 billion
Prosus, the largest non-founder shareholder in Byju’s, has drastically slashed the worth of its stake in the edtec...
IT総合 Arkam Ventures targets $180 million to tap ‘middle India’ opportunity with second fund
Arkam Ventures is courting its second fund, aiming for $180 million, nearly doubling the size of its maiden fund, as the...
IT総合 Amazon plans to invest another $15 billion in India by 2030
Amazon plans to more than double its investment in India in the next seven years, the e-commerce group said, joining a r...
IT総合 Prosus and Sequoia confirm execs resignation from Byju’s board
Prosus and Peak XV Partners confirmed Friday evening that their representatives have resigned from the board of ByjuR...
IT総合 Apple looks to resume talks for Apple Pay launch in India
Apple plans to engage with NPCI and other authorities in India in the coming weeks for the launch of its payments servic...
IT総合 India ordered an investigation into Byju’s days before auditor and board members resigned, report says
India’s corporate affairs ministry ordered an investigation into edtech startup Byju’s last week, television...
IT総合 Byju’s refutes claims of key board members’ resignation
Three key members of Byju’s have resigned from their roles at the Indian edtech giant, according to a media report...
IT総合 Musk says looking to bring Tesla and Starlink to India after meeting with PM Modi
Tesla chief executive Elon Musk says the firm is looking to invest in India and bring the electric carmaker to the count...
IT総合 India’s Byju’s to cut up to 1,000 more jobs
Byju’s is cutting 500 to 1,000 more jobs at the firm, this time eliminating several non-sales roles as well, as th...
IT総合 Mojocare investors uncover financial irregularities, unsustainable business model
Mojocare investors have found “financial irregularities” at the health and wellness startup and are move to ...