india

India’s BluSmart swept up in Gensol investigation alleging misuse of EV loans

Transportation /

India’s market regulator launched a probe Tuesday into Gensol Engineering after finding alleged misuse of electric vehicle loans. BluSmart, a ride-hailing startup connected to Gensol that was once seen as an emerging Uber rival in the South Asian market, has also been swept up into the investigation. The Securities and Exchange Board of India (SEBI) […]

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Apple might import more iPhones from India to side-step China tariffs

Hardware /

Apple is considering importing more iPhones from India to side-step the 54% additional tariffs on goods imported from China that U.S. President Donald Trump announced last week, the Wall Street Journal reported, citing anonymous sources. The company sees this as a short-term measure while it seeks to negotiate with the Trump administration to get an

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Krafton acquires controlling stake in Indian gaming studio Nautilus Mobile for $14M

Startups /

Krafton, South Korea’s gaming giant known for titles including PUBG: Battlegrounds and Battlegrounds Mobile India (BGMI), has acquired a controlling stake in 12-year-old Indian gaming studio Nautilus Mobile for $14 million in an all-cash deal. On Friday, the South Korean gaming company confirmed to TechCrunch that it has acquired a “north of 75% stake” in

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

Fintech /

Abound, a remittance app that was spun off by Times Internet in 2023, has raised $14 million in its first external funding round as it aims to reach more Indian expats in the U.S. Remittance flows to India are rising as the Indian diaspora spreads worldwide. In 2024, the South Asian country recorded $129.1 billion

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

AI /

Some users on Elon Musk’s X are turning to Musk’s AI bot Grok for fact-checking, raising concerns among human fact-checkers that this could fuel misinformation. Earlier this month, X enabled users to call out xAI’s Grok and ask questions on different things. The move was similar to Perplexity, which has been running an automated account

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Garantex administrator arrested in India under extradition law

Cypto /

Indian police have arrested the co-founder of Garantex, a Russian cryptocurrency exchange sanctioned by the European Union and the U.S. government, under India’s extradition law, TechCrunch has exclusively learned and confirmed with state authorities. At 4 p.m. local time (3:30 a.m. PT) on Tuesday, the state police of Kerala arrested Lithuanian national Aleksej Besciokov in

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

Fintech /

Zolve, a neobank that helps provide financial access to high-skilled and high-spending global citizens moving to the U.S., has raised $251 million in a new (equity and debt mix) funding round as the startup aims to expand its presence and enter new geographies. Every year, millions of highly skilled people move to countries like the

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