IT総合 Edtech unicorn PhysicsWallah acquires Xylem in regional expansion push
PhysicsWallah has acquired Xylem Learning as the Indian edtech unicorn pushes to cement its presence in the southern reg...
Manish Singh
IT総合 IT総合 Lightspeed says India not for the faint-hearted amid Sequoia split
Bejul Somaia, the founding partner of Lightspeed India, staunchly defended the allure of South Asia’s investment l...
IT総合 ChrysCapital invests $100 million in India’s Lenskart
ChrysCapital has invested $100 million in Lenskart, the two said Thursday, pushing the Asian eyewear startup’s rai...
IT総合 Lee Fixel’s Addition raising $1.5 billion for its fifth fund in four years
Lee Fixel’s Addition is looking to raise $1.5 billion venture capital fund as the former Tiger Global executive co...
IT総合 India threatened to shut down Twitter and raid employees’ homes, Jack Dorsey says
Jack Dorsey, Twitter’s co-founder, says India — despite its status as the world’s largest democracy &#...
IT総合 Tiki, a popular short video app in India, to shut down
Tiki, a short-form video app, is set to cease operations in India on June 27, the latest addition to a growing roster of...
IT総合 OpenAI still not training GPT-5, Sam Altman says
OpenAI is still not training GPT-5, months after the Microsoft-backed startup pledged to not work on the successor to GP...
IT総合 Edtech giant Byju’s launches transformer models in AI push
Byju’s unveiled three transformer models on Wednesday intended to enhance the quality of its services and streamli...
IT総合 Sequoia splits into three entities
Sequoia is splitting into three entities — Sequoia Capital in U.S. and Europe, Peak XY Partners in India and South...
IT総合 Byju’s files suit challenging acceleration of $1.2B loan, seeks to disqualify Redwood for ‘predatory’ tactics
Indian edtech giant Byju’s has filed a complaint in the New York Supreme Court to challenge the acceleration of th...
IT総合 NestAway, once valued at over $225 million, sells for $11 million
PropTech firm Aurum is acquiring NestAway, a once high-flying Indian startup operating in the same space, for up to $10....
IT総合 Puneet Chandok, AWS India and South Asia head, has resigned
Puneet Chandok, the head of AWS in India and South Asia, has resigned, according to two sources familiar with the matter...
IT総合 Fidelity has cut Reddit valuation by 41% since 2021 investment
Fidelity, the lead investor in Reddit’s most recent 2021 funding round, has slashed the estimated worth of its equ...
IT総合 Tech investment portfolios suffer write-downs amid global economic slowdown
Some high-profile venture capital and private equity firms are slashing the valuation of their holdings, causing billion...
IT総合 New regulation in India seeks to stub out tobacco glorification on streaming platforms
India’s health ministry has unveiled stringent guidelines for on-demand video streaming services, necessitating wa...
IT総合 Coupang says no plans to enter India
Coupang doesn’t plan to enter the Indian market, the company said, refuting a local media report that claimed that...
IT総合 Blackrock, a minority investor in Byju’s, cuts startup valuation to $8.4 billion
Blackrock, a minority investor in Byju’s, has yet again cut the valuation of its holding in the Bengaluru-based st...
IT総合 Free cricket streaming helps Ambani’s JioCinema break world record
India’s JioCinema broke the global record for the most concurrent views to a live streamed event on Monday, beatin...
IT総合 Ambani’s JioCinema secures NBCUniversal titles, escalates Netflix and Disney rivalry
JioCinema, the affordable on-demand video streaming service rival to Netflix and Disney’s Hotstar in India, will s...
IT総合 Krafton’s popular Battlegrounds Mobile India, successor to PUBG, returns
Krafton’s Battlegrounds Mobile India, the once chart-topping mobile game in the South Asian market, is now availab...
IT総合 Info Edge, reeling from Rahul Yadav’s startup loss, now writes off Bijnis
Info Edge, the largest shareholder in Bizcrum Infotech, the holding firm of Bijnis, has written off its entire investmen...
IT総合 Ambani’s Reliance targets Indian fashion e-commerce with low-cost model
Reliance Industries, run by India’s richest man Mukesh Ambani, is gearing up to deploy a winning strategy from its...
IT総合 Bernstein pegs Reliance as India’s eventual e-commerce kingpin
The Indian conglomerate Reliance is poised to outpace Amazon and Walmart-backed Flipkart in the race for the countryR...
IT総合 Influential Indian tech industry body replaces Big Tech execs following criticism
The Internet and Mobile Association of India, an influential tech industry body, has appointed Dream Sports co-founder a...
IT総合 Microsoft’s AI reaches Indian villages
Merely months have passed since Microsoft and OpenAI unveiled ChatGPT to the world, sparking a fervor among tech enthusi...
IT総合 Matrix Partners expands new India fund to $525 million
Matrix Partners India has extended the target size for its current fund to $525 million, from $450 million it disclosed ...
IT総合 Reliance JioMart to cut 11,000 jobs, report says
JioMart, Reliance Retail’s online shopping platform, has laid off over 1,000 employees and plans to cut as many as...
IT総合 India’s Chalo raises $45 million in fresh funding to digitize bus commutes
Indian startup Chalo, which is working to transform bus commutes, has raised $45 million in a new funding round and secu...
IT総合 PhonePe expands new funding to $850 million
General Atlantic has poured another $100 million into PhonePe, four months after leading a $350 million investment in th...
IT総合 Krafton to relaunch BGMI mobile game in India, a year after ban
The South Korean giant Krafton has secured the approval from the Indian authorities to resume operations of Battleground...