india

SoftBank terminates $3BN tender offer for WeWork shares

SoftBank Group has pulled a $3 billion tender offer for WeWork shares — citing closing conditions not being met. The investment behemoth had been rumoured to be getting cold feet, when the WSJ r

Google to shut down its India-focused Q&A app Neighbourly

Google is shutting down Neighbourly, a Q&A social app that it launched in Mumbai two years ago, the company has informed users. A spokesperson confirmed the move to TechCrunch. The app, developed

Mobile payments firms in India are now scrambling to make money

Vijay Shekhar Sharma, founder and chief executive of India’s most valuable startup, Paytm, posed an existential question in a recent press conference. “What do you think of the commercial model fo

Indian travel and hotel booking firm Ixigo cuts salary of every employee over coronavirus

Ixigo, a 13-year-old travel and hotel booking service in India, said on Monday it is cutting the salary of its entire staff as the firm grapples with severe disruption in its business due to the coron

Inside Udaan’s push to digitize India’s B2B retail market

During a recent visit, Microsoft chief executive Satya Nadella reiterated his company’s commitment to India and revealed a new fund to help SaaS startups in the country. And then Nadella and Anant M

Facebook in talks to acquire stake in top Indian telco Reliance Jio, report says

Reliance Jio, a three-and-a-half-year-old subsidiary of India’s most valued firm Reliance Industries, may have attracted the attention of an American giant: Facebook. The social conglomerate is in t

Ola, Uber suspend shared ride options in India

Ride-hailing giant Ola said on Friday evening that it is temporarily suspending its pool ride option, called Ola Share, in India in a bid to slow the coronavirus pandemic by encouraging social distanc

The 20 best startups from Y Combinator’s W20 Demo Day

With world events overtaking the tech world’s preferences to meet for coffees and convene at events, Y Combinator skipped its famous two-day live Demo event and went for a radical experiment: no

Amazon rolls out Alexa-powered voice shopping experience in India

Amazon today rolled out an Alexa-enabled voice-powered shopping feature in India as the e-commerce giant looks for new ways to engage with customers in one of its key overseas markets. The American gi

Asian stock markets fall as COVID-19 is declared a pandemic

American stock markets plunged on Wednesday, after the World Health Organization officially declared the spread of COVID-19 a pandemic. In Asia, meanwhile, almost all the major stock indexes were also

India used facial recognition tech to identify 1,100 individuals at a recent riot

Law enforcement agencies in India used facial recognition to identify more than 1,100 individuals who allegedly took part in communal violence in the national capital last month, a top minister said i

Dear Sophie: Should I marry, or immigrate based on my accomplishments?

I’m supposed to marry my American fiancé next month, but I really wanted to immigrate based on my own accomplishments. What should I do?

Daily Crunch: Coronavirus prompts more conference cancellations

Google cancels its big developer conference, Justin Kan’s legal startup shuts down and Robinhood offers more details about a recent outage. Here’s your Daily Crunch for March 4, 2020. 1. G

Google Cloud announces four new regions as it expands its global footprint

Google Cloud today announced its plans to open four new data center regions. These regions will be in Delhi (India), Doha (Qatar), Melbourne (Australia) and Toronto (Canada) and bring Google Clou

India restores social media access in Kashmir for 2 weeks

For the first time in eight months, people in Kashmir can use WhatsApp, Facebook, Twitter and other social media services without any fear or use of specialized software — though things are not

Alipay owner Ant Financial takes minority stake in Klarna

Some big moves in the payments platform space: Ant Financial Group, the owner of China’s Alipay payment platform, has announced it’s taking a minority stake in Swedish payments platform Kl

Uber sold its food delivery business in India to Zomato for $206M

Uber sold its food delivery business in India to the local rival Zomato for $206 million, the American ride-hailing company disclosed in a regulatory filing in one of its key overseas markets. In Janu

Africa Roundup: TLcom closes $71M fund, Jumo raises $55M, AWS partners with Safaricom

VC firm TLcom Capital closed its Tide Africa Fund at $71 million in February, and announced plans to invest in 12 startups over the next 18 months. The group — with offices in London, Lagos and Nair

Dear Sophie: I live in India and run a startup

"I currently have a B1/B2 visa. As my company continues to grow, we want to expand in the U.S. and possibly buy a house. I want to know what’s the best visa to obtain."

Indian Prime Minister Narendra Modi says he is thinking about quitting social media

Another major figure could soon join the list of a growing number of people who are done with social media: The leader of the world’s largest democracy. India’s Prime Minister Narendra Modi tweete
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