The Latest from Manish Singh
Thrasio cuts stake, loses control in Indian house of brands in likely market retreat
Founders of Lifelong Online have bought back a majority ownership and control in the Indian house of brands from Thrasio in what appears to be a retreat for the “Amazon aggregator” from th
Swiggy’s food delivery business reaches profitability
India’s Swiggy said on Thursday that its marquee food delivery business has become profitable, eclipsing its publicly listed rival Zomato on another key metric a day before the firm is set to re
AWS to invest $12.7 billion in India
Amazon plans to invest $12.7 billion into its cloud business in India by 2030, the e-commerce group said Thursday, as it pushes ahead to scale up the AWS infrastructure in the key overseas market at a
Google pushes ahead with in-app billing policy in India, insists watchdog compliance
Google said on Wednesday that its Google Play’s payments policy is compliant with the Indian watchdog’s order and it is moving ahead with plans to enforce the policy in the South Asian mar
Google to delete accounts inactive for two years in security push
Google, which hosts billions of user accounts, said on Tuesday that it plans to delete accounts that have remained inactive for two years. The decision is part of the internet giant’s ongoing ef
ZestMoney founders resign as Goldman Sachs-backed fintech struggles to raise funds
Founders of ZestMoney have resigned from the startup, the latest twist in the fate of the Indian fintech whose ability to underwrite small ticket loans to first-time internet customers once drew the b
Blackstone sells IBS Software stake to Apax for $450 million
Blackstone has reached a definitive agreement to sell its stake in the Indian SaaS startup IBS Software to Apax for $450 million, the three said Monday, the latest in a series of late-stage deal activ
Apple partner Foxconn to invest $500 million in India’s Telangana
Foxconn will invest $500 million to set up manufacturing plants in the southern Indian state of Telangana, the latest in a series of bets from the key Apple contract partner as it expands its base in
Indian edtech giant Byju’s raises $250 million, on track to close another $700 million
Byju’s has raised $250 million in fresh funding and is close to securing an additional $700 million, two people familiar with the matter told TechCrunch, as the Indian edtech giant builds up its
SoftBank Vision Fund yearly loss widens to $32B on startups valuation cut
SoftBank Vision Fund lost $32 billion in the financial year ending March as the Japanese investment giant, the most prolific global investor in tech startups, continues to suffer from valuation correc
Disney’s Hotstar loses 8.4 million subscribers as Ambani’s JioCinema ascends
Disney, the global entertainment conglomerate operating a variety of streaming platforms, suffered a 2% contraction in its total subscriber base for the quarter ending March this year. The decline is
Vanguard trims Indian ride-hailing giant Ola’s valuation by 35%
Ola, an Indian ride-hailing startup, has seen its valuation trimmed by its backer Vanguard amid a weakening global economy that has significantly impacted market capitalizations across numerous public
Zomato shares plunge after Invesco cut rival Swiggy’s valuation
Shares of Indian food delivery firm Zomato ended session on Tuesday at a decline of 6%, hours after it became known that Invesco had cut the valuation of its rival Swiggy. Shares of Zomato ended Tuesd
Invesco cuts Swiggy valuation by half to $5.5 billion
Invesco, which led Swiggy’s previous round, has marked down the Indian food delivery giant’s valuation in its holding to about $5.5 billion, according to a filing. This revised valuation,
Paytm tops $977 million revenue in a year, narrows loss
Paytm, India’s leading mobile payments firm, reported a 13.2% surge in revenue to $285.7 million in the quarter ending March and pared its loss by 57% to $20.5 million in a sharp turnaround for
India’s Meesho cuts 251 jobs to ‘accelerate timeline to profitability’
Meesho cut 15% of its workforce, or 251 roles, on Friday as the Indian social commerce startup pares its expenses to improve its financial health and confront the “economic reality.” This
Where is India in the generative AI race?
In the high-stakes race for supremacy in the burgeoning field of generative AI, India’s technology ecosystem is facing an uphill battle to catch up to global leaders. Despite being home to one o
India’s anti-money laundering agency searches edtech giant Byju’s offices
India’s crime-fighting agency searched three premises of edtech giant Byju’s and its founder Byju Raveendran, it said Saturday, and seized various “incriminating” documents and
Amazon omits India business in earnings, a first in years
Amazon omitted any reference to India in Thursday’s earnings call and release, a notable change for the e-commerce giant that has consistently highlighted rapid growth and bullish outlook in the
Ambani and James Murdoch bring HBO content to India
Warner Bros. Discovery has partnered with Mukesh Ambani-backed Viacom18 to bring HBO and other movies and shows from the WB catalog to India in a major win for the Reliance joint venture’s servi