The Latest from Jagmeet Singh
Morgan Stanley, BP Ventures back Indian e-mobility startup Magenta
Indian electric vehicle startup Magenta Mobility has raised from Morgan Stanley India Infrastructure and BP Ventures to expand its last-mile delivery ops.
Lightspeed backs Indian startup Zyod aiming to make apparel manufacturing more efficient
Zyod, an Indian startup offering apparel sourcing and manufacturing, has raised $3.5 million in a seed funding led by Lightspeed.
Indian edtech Unacademy slashes another 12% of jobs
Unacademy has laid off 12% of its workforce, or more than 350 roles, in its latest round of layoffs — just over four months after cutting about 350 roles in November. Unacademy co-founder and CEO G
Shipments of iPhones made in India surged 162% in value terms
India’s ongoing efforts to boost local manufacturing of iPhone devices seem to have paid off to some extent, as the locally manufactured iPhone shipments grew 162% year-on-year by value in 2022,
Sequoia Capital India, GFC back 1-click payment checkout startup Nimbbl in $3.5m funding
Nimbbl, which aims to improve conversions for merchants with its 1-click payment checkout solution, has raised $3.5M from Sequoia Capital India and others.
Twitter Blue relaunched has made just $11M on mobile in its first 3 months
Legacy Twitter checkmarks are disappearing on April 1st, Twitter says, and in the future, the only way users will be able to get the coveted blue badge is by paying for a Twitter Blue subscription. Th
4 Indian investors explain how their investment strategy has changed since 2021
We surveyed a few Indian investors to better understand how they're approaching investments, which sectors have their attention and how they prefer to be approached.
OpenAI’s ChatGPT Plus subscription launches in India
ChatGPT Plus, the subscription service for accessing OpenAI’s language AI model, is now available in India. The service features GPT-4, the latest version of the AI model that OpenAI launched ea
Krafton backs Indian influencer marketing platform One Impression in $10M funding
One Impression, an Indian influencer marketing platform that does business in markets including Indonesia, Dubai, Europe and the U.S., has raised $10 million in a funding round led by the South Korean
India’s HealthPlix raises $22M to accelerate growth and enhance healthcare delivery
HealthPlix, an Indian startup offering its in-house platform for doctors to help record patient data digitally, has raised $22 million in fresh investment to broaden its reach in the country and allow
Europe’s Bolt expands to Nepal with ride-hailing service
European startup Bolt is expanding to Nepal and launching its ride-hailing service in the country. The company’s previous market expansion was its launch in Thailand in 2020. On Wednesday, Bolt
India proposes to replace its two-decades-old IT law
India is proposing to replace its over two-decades-old IT law as the world’s second-largest internet market pushes for new guidelines to seek broader accountability from tech firms, revaluate who al
Indian startup Yes Madam exposed sensitive data of customers and gig workers
Indian at-home salon platform Yes Madam exposed the sensitive data of its customers and gig workers due to a server-side misconfiguration. Noida-based Yes Madam operates in more than 30 cities in the
SpotDraft shows that contract lifecycle management remains profitable, raises $26M
VCs see a rich opportunity in tools to manage the contract lifecycle. Two years ago, startups developing software that helps draft, manage and review contracts raised over $70 million in venture equit
Thoughtworks lays off around 500 employees amid ongoing slowdown
Thoughtworks has emerged as the latest tech company to join the ongoing trend of laying off employees amid the global economic slowdown. The software consultancy firm laid off about 4% of its global w
Xiaomi’s short-video app Zili is shutting down next month
Xiaomi’s India business has faced some significant knocks in the last year, and in the latest development, the handset giant is killing off Zili, one of its popular consumer apps. The short-form
Lightspeed backs CommandK’s mission to become the go-to enterprise security command center
CommandK, a startup offering a dedicated platform to manage enterprise security, has raised $3 million in a seed round led by Lightspeed. Companies accumulate a lot of sensitive data and store secrets
Sprinklr cuts 4% of global workforce amid slowdown
Customer experience firm Sprinklr has laid off roughly 4% of its global workforce — or more than 100 employees — as it realigns its headcount amid the ongoing economic slowdown. Sprinklr started t
Is Xiaomi’s shine dimming in India?
Xiaomi — the company that originally made its name as “the Apple of China” — broke out of its home market and became a household name in India shortly after its debut in 2014. Its init
Indian social media app Slick exposed childrens’ user data
Emerging Indian social media app Slick left an internal database containing users’ personal information, including data of school-going children, publicly exposed to the internet for months. Sin