india

Equity Monday: New unicorns kick off the week as India get cross with Starlink

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. With a holiday-impacted week behind us, we hope that you are r

India’s Slice becomes unicorn with $220M funding from Tiger Global, Insight Partners and Advent

Rajan Bajaj, founder of fintech Slice, chimed in on a Twitter thread early this year and wondered aloud what he needs to do to turn his startup into a unicorn before he turns 30. At just 28, the Flipk

India’s Spinny valued at over $1.75 billion in $280 million funding

Spinny, a Gurgaon-based startup that operates a platform to facilitate the purchase and sale of used cars, is the latest firm to become a unicorn in the world’s second-largest internet market. Spinn

India’s Blume Ventures raises $105 million in the first close of its fourth fund

Blume Ventures said on Wednesday it has raised $105 million in the first close of its fourth fund, less than two years after finalizing its previous fund, as investment activity intensifies in the wor

India plans law that will prohibit ‘all private cryptocurrencies,’ with ‘certain exceptions’

India plans to introduce, evaluate and enforce a bill to prohibit “all private cryptocurrencies” in the country, according to a legislative agenda for the winter session. The Indian govern

NoBroker becomes India’s first proptech unicorn with fresh $210 million funding

An Indian startup that is improving the way millions of people in the nation lease or buy an apartment is the latest firm to become a unicorn in the South Asian market. Bangalore-based NoBroker has ra

What happened to Paytm’s IPO valuation?

Paytm's IPO price was simply too high compared to its recent financial results. Trailing results matter as well, and Paytm's were just too weak to support its IPO price.

Equity Monday: Paytm’s rocky debut gets rockier

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Happy Monday everyone, and welcome to a holiday week here in t

ByteDance is shutting down edtech business in India

ByteDance is shutting down its edtech business in India, the company informed the local team on Monday, according to two sources directly familiar with the matter. The decision follows weeks-long disc

Indian e-commerce giant Flipkart to acquire an online pharmacy marketplace to foray into healthcare space

Walmart-backed Flipkart is acquiring online pharmacy startup SastaSundar to enter the healthcare segment in India as the e-commerce battle intensifies in the world’s second-largest internet market.

Eatron, which makes ‘intelligent automotive software’, raises $11M Series A led by MMC

An electric vehicle is, essentially, just “software on wheels”, and requires lots of moving parts, not physical but, of course, virtual. That software needs to continually optimize the per

Spotify finally rolls out real-time lyrics to global users

After years of ignoring consumer demand for in-app lyrics, particularly in the U.S., Spotify announced today it will make a new Lyrics feature available to all global users, both Free and Premium, acr

Google Pay to add Hinglish support in India, enable merchants to create digital storefronts

Google will roll out support for Hinglish, a mix of Hindi and English, and a range of additional features to its payments app Google Pay in India as the global tech giant makes a further push to expan

Google launches $15M financial assistance program in India, partners with SIDBI to offer loans to businesses

Google has formed a key partnership to help provide loans to micro and small businesses in India, the firm announced at its annual event for the South Asian market. The company said it has partnered w

Paytm falls 27% on first trading day after India’s largest IPO

Indian fintech giant Paytm, backed by SoftBank and Alibaba, lost more than 27% in its first day of trading Thursday. The valuation of the firm, which raised $2.5 billion in India’s largest init

Velocity, a revenue-based financing platform in India, raises $20 million led by Peter Thiel’s Valar Ventures

Peter Thiel’s Valar Ventures has doubled down its bet on Velocity, which operates a revenue-based financing platform for e-commerce and direct-to-consumer businesses in India, just months after it f

India eyes prohibiting irresponsible crypto ads

The Indian government “strongly feels” that advertisements by cryptocurrency exchanges that promise customers wild profits and are not transparent about the volatile nature of such trading must be

Accrediting as a service and the future of alternative degrees

When it comes to fundraising or types of capital, optionality has been the term du jour in the current tech environment.

SoftBank has deployed $3 billion in India this year, can invest up to $10 billion in 2022

SoftBank Group chief executive Rajeev Misra said the fund has invested $3 billion in Indian companies this year and can invest $5 billion to $10 billion next year, the latest aggressive play by a top

Subscription carbon offsetting platform Ecologi hits $8M total raised, includes General Catalyst

People subscribe to music, so why wouldn’t they subscribe to carbon offsetting to alleviate their conscience about the climate crisis? That’s partly the thinking behind U.K. startup Ecologi, which
Load More