india

Sequoia-backed fintech Aspora will let Indian diaspora pay bills back home

Fintech /

Sequoia-backed fintech platform Aspora, which lets the Indian diaspora send money back to India, is launching a new feature for users to pay bills. This means Non-Resident Indians (NRIs) can pay utility bills or recharge their mobile prepaid plans for their family. The startup said that until now, users had to either transfer the money […]

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Pine Labs gets warm market welcome on $440M India IPO despite a valuation trim

Startups /

Payment technology company Pine Labs, backed by PayPal and Mastercard, won over public investors on Friday, finishing its first day of trade 14% higher even after lowering its valuation for its $440 million IPO. This makes it the second-largest Indian fintech listing this year after online brokerage Groww’s nearly $750 million debut earlier this week.

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Spotify introduces a Premium Platinum plan with lossless access in five markets

Apps /

Spotify is shaking up its premium offering and introducing new tiers called Premium Lite, Premium Standard, and Premium Platinum in five markets, including India, Indonesia, the United Arab Emirates, Saudi Arabia, and South Africa. Prior to this change, in markets like India, Spotify offered Premium Standard, Duo (for two people), and Family plans for six

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WhatsApp will curb the number of messages people and businesses can send without a response

Apps /

WhatsApp is attempting to solve its spam problem by putting a curb on how many messages individual users and businesses can send to unknown people without getting a response. While the app started as an easy way to send messages to personal contacts, over time, it has become more complex with groups, communities, and business

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Prezent raises $30 million to acquire AI services firms — starting with founder’s other company

AI /

Prezent, a startup that offers an AI-powered presentation builder to enterprises, said today that it has raised $30 million in funding led by Multiplier Capital, Greycroft, and Nomura Strategic Ventures, with participation from existing investors like Emergent Ventures, West Wave Capital, and Alumni Ventures. The Los Altos, California, startup, which is now valued at $400

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Meta adds Hindi and Portuguese support for its AI translation feature for Reels

Apps /

Meta is already putting Reels at the center of the Instagram experience on iPad and on mobile in countries like India and South Korea. Now, to allow more people to consume and understand Reels in different languages, the company is adding support for Hindi and Portuguese to its AI-powered translation feature across Instagram and Facebook,

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Thousands of Indian bank transfer records found spilling online after security lapse

Security /

A data spill from an unsecured cloud server has exposed hundreds of thousands of sensitive bank transfer documents in India, revealing account numbers, transaction figures, and individuals’ contact details. Researchers at cybersecurity firm UpGuard discovered in late August a publicly accessible Amazon-hosted storage server containing 273,000 PDF documents relating to bank transfers of Indian customers. 

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Thousands of Indian bank transfer records found online

Security /

A data spill from an unsecured cloud server has exposed hundreds of thousands of sensitive bank transfer documents in India, revealing account numbers, transaction figures, and individuals’ contact details. Researchers at cybersecurity firm UpGuard discovered in late August a publicly accessible Amazon-hosted storage server containing 273,000 PDF documents relating to bank transfers of Indian customers. 

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Indian grocery startup Citymall raises $47M to challenge ultra-fast delivery giants

Fundraising /

Indian e-commerce startup Citymall, which focuses on budget-focused grocery delivery for tier 2 and tier 3 towns, said today that it has raised $47 million in Series D funding led by Accel, with participation from existing investors including Waterbridge Ventures, Citius, General Catalyst, Elevation Capital, Norwest Venture Partners, and Jungle Ventures. The Series D round

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