Category: India

Krafton, known for its titles PUBG and BGMI, has acquired a controlling stake in 12-year-old Indian mobile gaming studio Nautilus Mobile.

Times Internet spin-out Abound raises $14M to let more Indian Americans send money home

March 27, 2025

Abound, a go-to remittance app that was spun off by India’s Times Internet, has raised $14 million in a seed round.

Nation-state groups hit hundreds of organizations with Microsoft Windows zero-day

Cybercriminals working on behalf of at least six nation-states are actively exploiting a zero-day vulnerability in Microsoft Windows to commit espionage, steal data and cryptocurrency, according to Trend Micro researchers. The vulnerability, which Trend Micro tracks as ZDI-CAN-25373, allows attackers to execute hidden malicious commands due to the way Windows displays the contents of shortcut…

X users treating Grok like a fact-checker spark concerns over misinformation

March 19, 2025

Prezent raises $20M to build AI for slide decks

March 19, 2025

Prezent has raised $20 million in an all-equity funding to build specialized presentation models and expand its footprint into new markets. © 2024 TechCrunch. All rights reserved. For personal use only.

Garantex administrator arrested in India under extradition law

March 12, 2025

Jio announces deal to bring Starlink to India just hours after similar Airtel partnership

March 11, 2025

Tata Technologies’ data leaked by ransomware gang

March 11, 2025

Musk’s Starlink to launch in India through Airtel

March 11, 2025

Zolve, a neobank for global citizens moving to the US, raises $51M and secures $200M debt

March 11, 2025

Zolve, a neobanking startup targeting global citizens seeking credit, has raised $251 million in a new round to expand into Canada and launch loans. © 2024 TechCrunch. All rights reserved. For personal use only.

Some say passkeys are clunky — this startup wants to change that

March 11, 2025

Infineon teams up with India’s CDIL to explore business in light EVs, energy storage solutions

March 5, 2025

Infineon Technologies has partnered with CDIL Semiconductors to tap into emerging business cases including light EVs and battery storage solutions in India. © 2024 TechCrunch. All rights reserved. For personal use only.

Bridgetown Research raises $19M to speed up due diligence with AI

February 26, 2025

Birdgetown Research has raised $19 million in a round co-led by Accel and Lightspeed to deploy AI agents for business decisions and M&A deals. © 2024 TechCrunch. All rights reserved. For personal use only.

Apple Watch shipments surge in India

February 25, 2025

In India, Apple’s iPhone 16e faces stiff competition from older models

February 20, 2025

Apple has brought the iPhone 16e to offer a more affordable option within the iPhone 16 lineup, targeting emerging markets including India. © 2024 TechCrunch. All rights reserved. For personal use only.

Uber ditches commissions in favor of daily fees for rickshaw drivers in India

February 19, 2025

Hotstar and JioCinema merge into JioHotstar as Reliance tightens grip on streaming in India

February 13, 2025

Hotstar and JioCinema, two widely used video streaming apps in India, have merged into JioHotstar. JioStar, a joint venture between Reliance-owned Viacom18 and Star India, said Friday it had integrated JioCinema’s content into a revamped version of Disney’s Hotstar platform. The merged service will feature movies and TV shows from Disney, Warner Bros, NBCUniversal and…

Coinbase eyes re-entry to India

February 12, 2025

Coinbase is working on its re-entry to India more than a year after it officially ceased operations in the world’s most populous nation. The American crypto exchange is engaging with various Indian authorities, including the Financial Intelligence Unit (FIU), an Indian government agency that scrutinizes financial transactions, according to two sources familiar with the matter…

Lucidity snags $21M to help enterprises optimize their cloud storage

February 12, 2025

Lucidity, an Indian startup allowing enterprises to automate expansion and shrinking of their cloud storage, has raised $21 million in a Series A round. © 2024 TechCrunch. All rights reserved. For personal use only.

Google backs Toonsutra to grow its webtoons platform in India

February 11, 2025

It’s no news that India is a huge market for entertainment businesses, but what often doesn’t get mentioned is that its people love to see content in their own languages. According to a recent survey by non-profit Internet and Mobile Association of India, more than 870 million Indians sought out videos, music and other content…

Instagram is introducing teen accounts with new safety features in India

February 11, 2025

Instagram said Tuesday that the platform is introducing its teen accounts feature, which has extra protective measures for safety for users in India, one of its biggest markets with over 350 million users. The company introduced Teen Accounts last year in The U.S., U.K, Canada, and Australia. Meta migrated accounts of Instagram users who are…

Two senior partners are leaving Peak XV amid strategy shift

February 11, 2025

Two senior partners are leaving Peak XV, the largest India-focused venture capital firm, four sources familiar with the matter told TechCrunch. Shailesh Lakhani, a 17-year veteran of the firm, and Abheek Anand, who co-led Southeast Asian investments, are departing, said the sources, who asked not to be identified discussing private matters. The exits follow Peak…

Swiggy, 2024’s biggest tech listing, falls below its IPO price and 2022 valuation

February 7, 2025

Indian food delivery company Swiggy’s stock fell below both its IPO price and its last private valuation as mounting losses and a wavering market position in quick commerce pressured its margins in the last quarter. The food delivery company’s stock fell as low as ₹374.80 ($4.29) on Thursday below its November IPO price of ₹390,…

India to launch new domain name for banks to fight digital fraud

February 7, 2025

India’s central bank is introducing an exclusive “.bank.in” domain for banks from April 2025 as part of efforts to combat rising digital payment frauds and bolster trust in online banking services. The Institute for Development and Research in Banking Technology (IDRBT) will serve as the exclusive registrar for the new domain, the Reserve Bank of…

Sprinklr cuts 500 employees, citing underwhelming business performance

February 6, 2025

Intel Capital fuels TrueFoundry’s $19M funding to help boost AI deployments at scale

February 6, 2025

TrueFoundry, a startup offering enterprises a platform to deploy compound AI systems at scale, as raised $19 million in a Series A round led by Intel Capital. © 2024 TechCrunch. All rights reserved. For personal use only.

India’s Zomato to rebrand as Eternal

February 6, 2025

Indian food delivery group Zomato plans to rename itself as Eternal, a strategic shift as its quick commerce unit Blinkit becomes a significant driver of future growth. The Gurugram-based company, which joined India’s benchmark BSE Sensex in December, said on Tuesday the name change would better reflect its expanding business portfolio that includes quick commerce…

Krafton leads Cashfree’s $53M funding at $700M valuation

February 4, 2025

Cashfree, an Indian payments startup that facilitates and processes more than $80 billion for its customers each year, has raised $53 million in a new round of funding as it gears up to deepen its presence in some international markets. Krafton, maker of sleeper hit titles such as PUBG and BGMI, led Cashfree’s Series C…

SoftBank-backed billionaire to invest $230M in Indian AI startup Krutrim

February 4, 2025

Ola founder Bhavish Aggarwal is investing $230 million into an AI startup he founded as the country pushes to establish itself in a field dominated by U.S. and Chinese firms. Aggarwal is financing the investment in Krutrim largely through his family office, a source familiar with the matter told TechCrunch. In a post on X…

Accel backs Indian AI startup building ‘ChatGPT for presentations’

February 3, 2025

India expands Aadhaar authentication for businesses, raising privacy concerns

February 2, 2025

India has expanded its Aadhaar authentication service to let businesses such as those in e-commerce, hospitality, and healthcare use the biometrics of individuals to authenticate their identity. © 2024 TechCrunch. All rights reserved. For personal use only.

Shein app returns to India via Reliance deal

February 2, 2025

Chinese fast-fashion retailer Shein has relaunched in India through a partnership with Reliance Retail, nearly five years after it was banned amid diplomatic tensions between New Delhi and Beijing. The new Shein India Fast Fashion app, developed and launched by billionaire Mukesh Ambani’s Reliance Retail, marks the firm’s significant return to one of Asia’s largest…

India pledges fresh billion for startups

February 1, 2025

India announced a new $1.15 billion Fund of Funds for startups on Saturday while unveiling sweeping regulatory reforms and an ambitious nuclear energy program, as New Delhi seeks to boost tech innovation and clean energy in the world’s fifth-largest economy. Finance Minister Nirmala Sitharaman, presenting the federal budget for 2025-26, said the fund builds on…

Tata Technologies says ransomware attack hit IT assets, investigation ongoing

January 31, 2025

Apple Intelligence will support more languages from April

January 31, 2025

Apple’s AI suite, Apple Intelligence, will soon be available in French, German, Italian, Portuguese, Spanish, Japanese, Korean, and simplified Chinese, along with localized English versions for India and Singapore. During the company’s Q4 2024 quarterly results call on Thursday, CEO Tim Cook said that the company will roll out support for these additional languages in…

SuperOps bags $25M to use AI to better help managed service providers

January 30, 2025

SuperOps has raised $25 million in an all-equity Series C round led by March Capital to bolster AI integration into tools supporting managed service providers and IT teams. © 2024 TechCrunch. All rights reserved. For personal use only.

India lauds Chinese AI lab DeepSeek, plans to host its models on local servers

January 30, 2025

India’s IT minister on Thursday praised DeepSeek‘s progress and said the country will host the Chinese AI lab’s large language models on domestic servers, in a rare opening for Chinese technology in India. “You have seen what DeepSeek has done — $5.5 million and a very very powerful model,” IT Minister Ashwini Vaishnaw said on…

Atomicwork gets backing from Khosla for its AI alternative to old-school IT software like ServiceNow

January 28, 2025

Atomicwork has raised $25 million in a Series A round co-led by Khosla Ventures and Z47 to expand its AI agentic platform for enterprises. © 2024 TechCrunch. All rights reserved. For personal use only.

Zepto shifts domicile to India as local listings gain appeal

January 28, 2025

Quick commerce startup Zepto has completed its shift of domicile from Singapore to India, joining a growing wave of Indian startups moving their headquarters back home ahead of public listings. The transition marks the fastest domicile shift to India by a foreign-headquartered startup, according to Zepto’s chief financial officer Ramesh Bafna. The Indian authorities recently…

Tata acquires 60% stake in Apple-partner Pegatron’s India unit

January 24, 2025

Tata Electronics has acquired a controlling stake of 60% in Pegatron’s unit in India, less than a year after acquiring Wistron’s local business as the salt-to-software conglomerate expands its iPhone manufacturing capacity in the South Asian market. Pegatron is a key assembly partner for Apple. The Taiwanese firm operates an iPhone production plant near Chennai…

Reliance plans world’s biggest AI data centre in India, report says

January 23, 2025

Mukesh Ambani’s Reliance is planning to build what could become the world’s largest data center in Jamnagar, India, with a capacity of three gigawatts to capitalize on surging AI demand. The facility would dwarf the current largest data center, Microsoft’s 600-megawatt site in Virginia, Bloomberg reported Friday. The project could cost between $20 billion to…

Everstone acquires bootstrapped Indian startup Wingify for $200M

January 23, 2025

Private equity firm Everstone has reached a deal to acquire a majority stake in Wingify, one of India’s earliest bootstrapped software-as-a-service success stories, for about $200 million, three sources familiar with the matter told TechCrunch. The deal, finalized this week, marks a significant exit for Wingify’s founder Paras Chopra, who built the SaaS startup without…

Ati Motors raises $20M as India’s robotics industry grows

January 22, 2025

Hindustan Unilever acquires Peak XV-backed Minimalist for over $340M

January 22, 2025

Hindustan Unilever has agreed to acquire beauty startup Minimalist for about $342 million, marking its latest push to expand in India’s fast-growing premium skincare market. The consumer goods giant will initially acquire a 90.5% stake in the four-year-old direct-to-consumer brand through secondary buyouts and primary investment, with the remaining 9.5% to be purchased from founders…

Indian fintech Jar turns cash flow positive

January 22, 2025

Indian fintech Jar has turned cash flow positive, an executive at the Tiger Global-backed startup confirmed on Wednesday, as it gears up to deepen its offerings. The three-year-old startup, which offers its users the ability to start their savings and investment journey, achieved the milestone while still growing by more than 10 times last year,…

Blinkit signals costly battle ahead in Indian quick commerce market

January 20, 2025

Zomato’s quick commerce unit Blinkit is accelerating its expansion and expects continued losses as competition intensifies in India’s instant delivery market. Blinkit now aims to reach 2,000 dark stores – small warehouses in residential areas that exclusively service online orders – by December 2025, a year ahead of its previous guidance, after exceeding 1,000 stores…

Apple brings Store app to Indian market

January 16, 2025

Apple launched its dedicated Apple Store app in India on Friday, deepening its retail presence in the world’s most populous country as the iPhone-maker seeks to capitalize on growing consumer demand. The app, available for download on India’s App Store, lets customers purchase Apple products directly while receiving personalized shopping recommendations, the company said in…

Accel doubles down on Sarla Aviation’s ambition to develop electric air taxis in India

January 14, 2025

Google-backed Pixxel launches India’s first private satellite constellation

January 14, 2025

Pixxel, an Indian space tech startup backed by Google, has successfully launched the first three hyperspectral satellites of its commercial constellation Firefly. © 2024 TechCrunch. All rights reserved. For personal use only.

Groww, India’s biggest trading app, prepares for IPO

January 13, 2025

Groww, India’s largest retail stockbroker, is positioning itself to file for an IPO in 10-12 months and is seeking a valuation between $6 billion to $8 billion, sources familiar with the matter told TechCrunch, in what would be a landmark listing for the country’s fintech sector. The Bengaluru-headquartered’s listing would be the first IPO by…

India’s payment push is cutting out Visa and Mastercard

January 10, 2025

As global regulators increase their scrutiny on Visa and Mastercard over merchant fees, India has chosen a different path: creating rival payment networks that are increasingly sidelining international card networks. The strategy builds on India’s Unified Payments Interface, known as UPI, a nine-year-old system that now processes more than 13 billion real-time transactions monthly, or…

Flipkart taps Dunzo founder to lead quick commerce push

January 9, 2025

Flipkart has hired Kabeer Biswas, co-founder of Indian delivery startup Dunzo, as the Walmart-owned e-commerce group expands its quick commerce business in the world’s most populous nation. Biswas will lead Flipkart’s quick commerce business, called Flipkart Minutes, a source familiar with the situation told TechCrunch. The move follows Flipkart engaging with Biswas over a potential…

Microsoft backs its $3B AI push in India with public and private sector deals

January 8, 2025

Microsoft announced a sweeping series of artificial intelligence partnerships across India’s core sectors on Wednesday, a day after pledging to invest $3 billion in the country over the next two years as it intensifies competition with rivals Google and Amazon. The tech giant’s chief executive Satya Nadella (pictured above) unveiled agreements with five major organizations…

Indian government websites are still redirecting users to scam sites

January 7, 2025

South Park Commons is raising $40M for an India-specific fund

January 7, 2025

Microsoft to pump $3 billion into cloud and AI push in India

January 7, 2025

Microsoft plans to invest an additional $3 billion to expand capacity for its artificial intelligence and cloud Azure services in India, the software giant’s chief executive said Tuesday. The software giant, among the top cloud and AI providers in India, is already seeing many of its clients in the South Asian market use its newest…

Accel could raise billions for India, but it’s sticking to $650 million

January 5, 2025

Accel has maintained its India fund size at $650 million for its eighth vehicle, even as other venture firms in the region are racing to raise increasingly larger pools of capital. The firm had ample opportunity to raise “multi-billion dollars,” said Shekhar Kirani, partner at Accel, in an interview with TechCrunch. But unlike peers who…

Hindustan Unilever in talks to acquire Peak XV-backed Minimalist for up to $350M

January 3, 2025

Consumer goods giant Hindustan Unilever is in advanced talks to acquire four-year-old direct-to-consumer startup Minimalist for up to $350 million, according to two people familiar with the matter. An acquisition would add to the Unilever subsidiary’s buying spree in India, where it expanded into the health and wellbeing category by acquiring Oziva and Wellbeing Nutrition…

Cloudflare’s VPN app among half-dozen pulled from Indian app stores

January 2, 2025

More than half-a-dozen VPN apps, including Cloudflare’s widely-used 1.1.1.1, have been pulled from India’s Apple App Store and Google Play Store following intervention from government authorities, TechCrunch has learned. The Indian Ministry of Home Affairs issued removal orders for the apps, according to a document reviewed by TechCrunch and a disclosure made by Google to…

Accel closes $650 million for new India fund

January 1, 2025

Accel has raised $650 million for its eighth India fund as the U.S. venture firm expands its investment strategy in the South Asian market. The new fund follows the firm’s seventh India fund secured in March 2022. Accel — which has backed companies including e-commerce group Flipkart, food delivery platform Swiggy and software group Freshworks…

India again delays rules to break PhonePe-Google Pay duopoly

December 31, 2024

India has once again pushed back a contentious plan to limit big technology companies’ control of the nation’s digital payments system, extending a regulatory uncertainty that has weighed on the sector for years. The National Payments Corporation of India said on Tuesday it would extend the deadline for implementing a 30% cap on any individual…

India lifts WhatsApp payment curbs

December 31, 2024

India has removed restrictions on WhatsApp’s mobile payments service in a significant victory for Meta in its largest market by users as it seeks to compete with entrenched fintech rivals. The National Payments Corporation of India, the payments body overseeing the popular UPI payments network, said Tuesday that WhatsApp can now roll out WhatsApp Pay…

India’s mobile payments dilemma

December 29, 2024

India’s payments regulator is set to decide as early as Monday whether to curb the dominance of Walmart’s PhonePe and Google in the nation’s fast-growing mobile payments market, a move that could reshape how its billion-plus population moves money. The decision centers on UPI, or Unified Payments Interface, a network backed by more than 50…

PharmEasy’s $5.6 billion value shrinks to $456 million, investor data shows

December 26, 2024

Indian online pharmacy PharmEasy’s valuation now stands at about $456 million, according to disclosures from its investor Janus Henderson, a 92% drop from its peak valuation of $5.6 billion. The British American global asset firm’s Global Research Fund values its holding of 12.9 million shares in PharmEasy at $766,043, according to its latest filing for…

India’s Rapido exposed user and driver data through leaky website feedback form

December 19, 2024

Bugs in a major McDonald’s India delivery system exposed sensitive customer data

December 19, 2024

Indian startups raised 32% fewer rounds in 2024 as VCs got selective

December 19, 2024

Indian startups raised 32% fewer funding rounds in 2024 compared to last year, per new numbers from data intelligence platform Tracxn, signaling that investors are being more selective when striking deals. The number of startup funding rounds fell to 1,448 compared to 2,114 last year, but overall funding rose 6% to $11.3 billion — the…

YouTube says it will start cracking down on videos with clickbait titles in India

December 18, 2024

A lot of YouTube videos have flashy, misleading titles and thumbnails, such as “BREAKING NEWS” or “The president steps down,” to bait the user into watching the video, which has non-related content. YouTube said Wednesday that it is now cracking down on such videos — especially if videos with topics breaking news or current events…

India’s MobiKwik surges 82% in market debut

December 17, 2024

Shares in digital payments firm MobiKwik surged 82% to ₹507.5 ($6) on their first day of trading, as the Indian fintech company made its market debut amid fierce competition from larger rivals. The listing pushed MobiKwik’s market value to $464 million, well above its initial target of $250 million for the public offering. The valuation…

Shein must cede Indians’ data, control of local ops to re-enter India

December 17, 2024

Shein must surrender all data of Indian customers and control of its local operations to its partner, Reliance Retail, and keep operations fully local to re-enter the Indian market, according to new government disclosures that reveal how the apparel and accessories retailer secured a rare exception to India’s ban on Chinese-linked apps. In a parliamentary…

Alphabet-backed Indian lender files for IPO

December 17, 2024

Alphabet’s CapitalG-backed Aye Finance, a lender focused on India’s micro, small, and medium enterprises, is seeking to raise $171 million from its initial public offering, it disclosed in a filing Tuesday. The offering comprises a $104 million fresh share issue and a $67 million secondary sale by existing investors, with proceeds aimed at expanding the…

Google names new India chief

December 16, 2024

Google has appointed Preeti Lobana to lead its India business, filling a key position that had been vacant since Sanjay Gupta’s promotion to Asia-Pacific president in July. Lobana, who was vice president of advertising technology at Google, takes over as the company pushes its AI products in India amid intensifying competition in the digital market.…

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