india

Tiger Global says India returns have ‘sucked historically’ but bullish on future prospect

Tiger Global believes India is likely to produce the highest equity returns globally in the future, its partner Scott Shleifer said on an investor call Tuesday, even as he admitted the investor giant

Walmart-backed PhonePe’s nine-month 2022 revenue surged to $234 million

PhonePe clocked a revenue of $234.3 million in the first nine months of 2022, the most valuable Indian fintech startup has disclosed in a filing. The nine-month financials marks a jump from the $201.6

Walmart readies another $2.5 billion investment in India’s e-commerce and payments

Walmart is preparing to spend over $2.5 billion in India as the retailer doubles down on the opportunities it sees in India’s e-commerce and payments markets even as the firm contends with risin

Google to make changes to Android business terms in India after antitrust blow

Google is revising its business agreements with phonemakers and other partners in India and making a series of other changes in the South Asian market to comply with the local antitrust watchdog&#8217

India central bank orders SBM local unit to stop outward remittance transactions

India’s central bank has directed SBM Bank India to stop all outward remittance transactions in a blow to the bank and many of its fintech partners that offer services allowing users to invest i

Amazon launches freight service Air in India

Amazon has launched Amazon Air, its dedicated air cargo fleet, in India as the e-commerce giant bulks up its logistics infrastructure in the key overseas market where it has deployed more than $6.5 bi

India blocks YouTube videos and Twitter posts on BBC Modi documentary

The Indian government has ordered YouTube and Twitter to take down videos and tweets about a BBC documentary that is critical of Prime Minister Narendra Modi. India’s Ministry of Information and Bro

India releases guidelines for social media influencers accepting paid promotions

As the market of social media influencers is getting bigger in India, the South Asian nation has introduced endorsement guidelines to limit unfair trade practices and misleading promotions on the web.

Indian food delivery giant Swiggy to cut 380 jobs

Swiggy plans to lay off 380 jobs and shut down its meat marketplace as the Prosus Venture and SoftBank-backed Indian food delivery giant looks to navigate the market downturn that has forced firms to

Google to cooperate with Indian authorities after losing bid to block Android antitrust ruling

Google will continue to challenge the Indian antitrust watchdog’s ruling but will cooperate with the authorities “on the way forward,” it said Friday, responding to a high-profile de

India’s top court rejects Google plea to block Android antitrust ruling in major blow

Google has been dealt a significant blow in one of its key overseas markets. India’s Supreme Court on Thursday declined to block an antitrust order that requires the Android-maker to make a seri

India’s PhonePe tops $12 billion valuation in new funding

PhonePe’s valuation has more than doubled to over $12 billion in a new funding round as the Indian fintech giant readies for life without parent firm Flipkart. The Bengaluru-headquartered startu

Sophos to lay off 450 employees globally

Sophos is laying off about 10% of its global workforce, TechCrunch has learned. Sophos confirmed the layoffs in an email to TechCrunch. “Sophos today announced an internal restructuring which ha

Sequoia-backed GoMechanic cuts 70% jobs amid ‘grave errors’ in financial reporting

GoMechanic has laid off 70% of its workforce as the Sequoia India-backed startup grapples with a funding crunch after the existing and prospective investors found that the founders had misstated facts

India proposes social media firms rely on fact checking by gov’t agencies

The Indian government has proposed making the Press Bureau of India and its other agencies the arbiter of truth on what information is misleading online, escalating troubles for social media firms and

Google is piloting its own ‘soundbox’ in India for merchants to get audio-based payment alerts

Soundboxes — hardware used by merchants that emits sounds every time a mobile payment is made — have taken off in India, where point of sale activity can get busy and voice alerts from the

Indian edtech giant Byju’s changes sales strategy in key revamp

Byju’s has made a key change in its sales strategy, moving away from a business practice that attracted the edtech giant criticism over the years. The Bengaluru-headquartered startup, India’s most

Google-backed ShareChat cuts 20% workforce to ‘sustain through headwinds’

ShareChat, the Indian social media startup backed by Twitter, Google, Tiger Global and Temasek, has laid off 20% of its workforce — or over 400 employees — just a month after eliminating more than

Amazon quietly tests even cheaper Prime membership in India

Amazon is quietly piloting a new tier for its Prime membership in India, providing customers with access to popular benefits such as free two-day delivery and ad-supported Prime Video in standard defi

Google says India antitrust order poses threat to national security

Google warned on Friday that if the Indian antitrust watchdog’s ruling is allowed to progress it would result in devices getting expensive in the South Asian market and lead to proliferation of unch
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