india

India orders Meta to curb WhatsApp data sharing, levies $25M fine

Apps /

India’s competition watchdog has ordered WhatsApp to stop sharing user data with other Meta units for advertising purposes for five years and also levied a fine of $25.4 million for antitrust violations related to WhatsApp’s controversial 2021 privacy policy. The Competition Commission of India, which began the investigation in 2021, found that WhatsApp’s “take-it-or-leave-it” privacy […]

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India’s HealthKart valued at $500 million in new investment

Startups /

Indian omni-channel nutrition startup HealthKart has raised $153 million in one of the country’s largest consumer startup transactions this year, valuing the business at about $500 million, according to a source familiar with the matter. The new investment was co-led by private equity firms ChrysCapital and Motilal Oswal, with Avendus Capital serving as financial advisor.

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Oyo founder seeks new investment at $3.8 billion valuation

Startups /

Oyo founder Ritesh Agarwal’s investment vehicle has proposed to inject another $65.1 million into the hotel management startup, according to shareholder notifications reviewed by TechCrunch. The investment, through Redsprig Innovation Partners, would value the SoftBank-backed company at $3.8 billion, according to terms shared in the extraordinary general meeting notice. While this represents a 38% premium

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Reliance, Disney complete India media merger valued at $8.5B

Media & Entertainment /

Reliance and Disney have completed their landmark Indian media merger, creating an $8.5 billion entertainment powerhouse in the country’s streaming and television markets. The deal, proposed in February, brings together Disney’s Star India with Reliance-controlled Viacom18 under a joint venture that will control about 85% of India’s streaming market and roughly half of television viewership

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ePlane looks to ride the Indian government’s interest in air taxis with new $14M round

Transportation /

Soaring private vehicle ownership and declining use of public and non-motorized transport have created mounting traffic congestion in India, the world’s most populous country, which also struggles with relatively narrower roads and inadequate parking facilities in cities. New Delhi recognizes these challenges and has been exploring new ways to address them quickly. Indian Prime Minister

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Swiggy market debut fuels India’s food, quick commerce wars

Startups /

Shares of Swiggy surged 5.56% to 434 rupees on Wednesday as the food delivery and quick commerce startup concluded India’s second-largest IPO this year, in a closely watched debut that puts it in direct comparison with what analysts have long considered the benchmark Indian internet stock: Zomato. The listing of the 10-year-old Bengaluru-headquartered firm marks

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Lightspeed doubles down on Wheelocity as it pivots to rural India commerce

Fundraising /

While India’s urban population is shifting from mom-and-pop stores to quick commerce platforms, its rural side — home to more than 800 million people — still heavily relies on offline businesses for daily consumption. Wheelocity aims to transform that untapped market to let people living beyond the top 200 cities of the country easily shop online.

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Equal has a plan to fight India’s growing cyber fraud problem

Fintech /

India, the world’s most populous country and the second-largest internet market after China, is becoming increasingly digitally active. However, this rapid digitization comes with a growing risk of online fraud. Cyber fraud is mounting in India to the point where the Indian government estimates it could amount to 0.7% of the country’s GDP — over

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