india

Indian game streaming startup Loco sells majority stake to Redwood

UAE-based Redwood has acquired a majority stake in the game streaming platform Loco as the Indian firm looks to expand focus to international markets, TechCrunch has learned and confirmed. Redwood, a newly-formed investment firm, has signed a $65 million deal with Loco, an investment that also gives full exit to all existing Loco backers. This

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India’s Star Health says it’s investigating after hacker posts stolen medical data

Star Health and Allied Insurance, one of India’s biggest health insurance firms, is investigating a cybersecurity incident that allegedly leaked sensitive data associated with its customers, including their medical records. The Chennai-headquartered insurance giant told TechCrunch that a “forensic investigation” is ongoing after data allegedly stolen from the company was shared online. A hacker group

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Airtel taps AI to combat India’s rampant spam calls problem

Bharti Airtel, India’s second-largest telecom operator, said on Wednesday it’s rolling out an AI-powered spam detection solution to all its customers as it vowed to curb the rising spam calls and messages in the world’s most populous nation.  The company, which counts Google among its backers, announced the launch of what it claims is India’s

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Fintech Jupiter in talks to buy a stake in SBM Bank India

Neobank Jupiter is in talks to acquire a stake in SBM India, three sources familiar with the matter told TechCrunch, the latest example of an Indian fintech startup pursuing strategic partnerships with traditional banking institutions. The Bengaluru-headquartered startup — backed by Tiger Global and NuBank — is engaging to buy a 5% to 9.9% stake

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India’s Physics Wallah raises $210M at $2.8B valuation even as edtech funding remains scarce

Physics Wallah, an Indian edtech startup, has secured $210 million in fresh financing amid a tough funding environment for edtech companies in the country following the collapse of Byju’s, once the biggest company in the space. Physics Wallah said on Friday the Series B round was led by Hornbill Capital, with Lightspeed Ventures Partners “significantly”

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Indian filmmaker abandons human musicians for AI-generated music

Indian filmmaker Ram Gopal Varma is ditching human musicians for artificial intelligence, saying he’ll use only AI-generated tunes in future projects, a move that underscores AI’s growing reach in creative industries. The filmmaker and screenwriter, known for popular Bollywood movies including Company, Rangeela, Sarkar, and Satya has launched a venture, called RGV Den Music, that

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