Sources: Amazon, Flipkart, and Reliance Retail are in talks to join India's open e-commerce network, which aims to break the dominance of large e-commerce firms
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Trending Stories from economictimes.indiatimes.com
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Amazon acquires GlowRoad, an Indian social commerce startup focused on women, which has 6M+ resellers in 2,000 cities and has raised ~$31M from Accel and others
Techmeme · 4 weeks ago
Singapore-based Rario, a cricket NFTs marketplace that holds NFT rights to six international leagues and over 900 cricketers, raises $120M led by Dream Capital
Mumbai-based Financepeer, which offers loans to students to pay school and college fees, raises $31M led by QED Investors and Aavishkaar Capital
India-based cryptocurrency exchange CoinDCX raises a $135.9M Series D co-led by Steadview Capital and Pantera Capital at a $2.15B valuation
Filings: Walmart-backed Flipkart's invested $116M in Indian fashion retailer Myntra, part of the $800M Flipkart invested in other businesses in March
Coinbase has disabled the option to buy cryptocurrencies using the Unified Payments Interface in India
Sources: Indian online learning startup Unacademy laid off around 1,000 employees to cut costs; Unacademy last raised $440M in August 2021 at a $3.4B valuation
Sources: a Competition Commission of India probe found Google's Play Store billing guidelines are "unfair and discriminatory"; further hearings are planned
Qure.ai, which uses AI to read and interpret X-rays, CT scans, and ultrasounds for medical image diagnosis, raises $40M led by Novo Holdings and HealthQuad
CEO Brian Chesky says Airbnb is suspending all operations in Russia and Belarus
Bengaluru-based Pocket FM, which offers 100K+ hours of audio series, stories, novels, podcasts, and knowledge shows in eight languages, raises a $65M Series C
India's Vedanta plans to invest $7.4B to set up a 28nm chip fab in partnership with Foxconn, after applying for an Indian government incentive scheme
Indian startup Pine Labs, a digital payments and financial services provider, raises $150M in primary and secondary funding, sources say at a $5B+ valuation
5ire, a sustainability-focused Layer 1 blockchain with an exchange, wallet, NFT marketplace, and VC fund, raises $100M, after a $21M seed at a $110M valuation
Headout, an online travel experiences marketplace, adds a $30M extension to its $12M Series B from September 2021 led by Glade Brook Capital
Apple logs its best year in India in 2021, ships 6 million iPhone units
Bengaluru-based StockGro, a social investment startup with a gamified app for learning about and participating in stock markets, raises a $32M Series A
New Delhi-based Rooter, a game streaming and e-sports service with 8.5M MAUs, raises a $25M Series A led by Lightbox, March Gaming, and Duane Park Ventures
Research: Indian startups raised a record ~$36B in 2021, up from ~$11B in 2020; SoftBank invested $3B+ and Tiger Global was among the most active investors
Bengaluru-based Jumbotail, a B2B e-commerce company that supplies groceries to mom-and-pop stores, raises an $85M Series C led by Artal Asia
Bengaluru-based B2B online seafood marketplace Captain Fresh raises a $40M Series B co-led by Tiger Global and Prosus Ventures at a $200M post-money valuation
India bans 20 YouTube channels and two websites for alleged "anti-India" propaganda from Pakistan, invoking its new IT Act's emergency powers for the first time
India, Taiwan holding talks on free-trade agreement, looking at setting up semiconductor hub
Bangalore-based fresh produce supply chain startup Ninjacart raises $145M from Flipkart and Walmart, sources say at a $750M-$800M valuation
Paytm reports Q2 revenue of $144.8M, up 64% YoY, and a net loss of $63M, up 8%+ YoY, in its first post-IPO earnings report
Indian used car marketplace Spinny raises a $285M Series E led by ADQ and Tiger Global at a $1.75B post-money valuation, after raising $108M in July
App Annie: India saw 4.8B mobile game downloads in H1 2021, or one in every five downloads globally, making it the world's top market for mobile games
India-based neobank Fi, which focuses on young working professionals, raises a $50M Series B led by B Capital at a $315M valuation, up 7x from last year
Snap says it has 100M MAUs in India and partners with Flipkart, Zomato, and others to boost e-commerce offerings
Report: Indian startups raised $10B+ in a quarter for the first time in Q3 2021, with fintech, edtech, and SaaS startups accounting for ~50% of total funding
ReshaMandi, an online B2B marketplace focused on silk products in India, raises a $30M Series A, a mix of equity and debt, led by Creation Investments
Indian scientists develop reactor for cost-effective production of hydrogen using sunlight and water
Delhi-based EV ride-hailing and charging startup BluSmart raises $25M Series A led by BP to expand its network to five new Indian cities
Bangalore-based Vedantu, which offers an online tutoring service, raises $100M led by ABC World Asia at a $1B valuation, up from $600M last year
Facebook India appoints former Uber executive Rajiv Aggarwal as head of public policy, a post that has been vacant for nearly a year since Ankhi Das quit
India-based AgNext Technologies, which uses AI to assess food quality and accelerate trade, raises $21M Series A led by Alpha Wave Incubation fund
Indian online travel app Ixigo files for an IPO in India to raise $200M+, sources say at a valuation of about $850M
Fashinza, a B2B marketplace for apparel manufacturing, raises $20M Series A from Accel, Elevation Capital, and others
B2B commerce and financing startup OfBusiness raises $160M led by SoftBank Vision Fund 2 at a valuation of $1.5B, becoming the 18th Indian unicorn for the year
Filing: Ixigo, an Indian online travel app with 250M+ users, raises $53M led by Singapore's GIC; source: Ixigo is targeting a $750M+ valuation for its IPO in Q4
Data from Venture Intelligence shows Indian social commerce startups have raised $554M so far this year, up 7x from all of 2020
Instagram is testing a new feature called Collab in India and the UK that lets users invite a public account as a collaborator on a post or a Reel
Techmeme · 10 months ago