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 […]
Equal has a plan to fight India’s growing cyber fraud problem Read More »
Wikipedia is facing mounting regulatory pressure in India as local authorities question whether the platform should continue to enjoy legal protections as a neutral intermediary rather than being classified as a publisher. The Indian Ministry of Information and Broadcasting issued a notice to Wikipedia on Tuesday questioning the encyclopedia’s intermediary status that’s offered to tech
India issues notice to Wikipedia over concerns of bias Read More »
Swiggy, one of India’s largest food delivery and quick commerce startups, is seeking a valuation of up to $11.3 billion in its initial public offering, marking a 57% discount to rival Zomato’s market cap. The lossmaking Bengaluru-based company has set an IPO price band of ₹371 to ₹390 ($4.41-$4.64) per share for next month’s IPO.
Once-dominant Swiggy seeks $11.3B value at IPO, less than half Zomato’s worth Read More »
Meesho has become India’s first horizontal e-commerce firm to generate positive cash flow, marking a significant shift in a market where profitability has long remained elusive even as new competitive threats emerge. The SoftBank and Prosus-backed startup, which serves customers in smaller Indian cities and towns, reported positive operating cash flow of ₹232 crores ($27.6
Meesho claims Indian e-commerce first with positive cash flow Read More »
YouTube is bringing its affiliate program to India so creators can tag products in their videos and earn referral money just ahead of the festive season. The company is partnering with Walmart-owned Flipkart and fashion and lifestyle e-commerce service Myntra, which is owned by Flipkart to open up their product catalogs to creators. The company
YouTube brings its affilate program to India, partners with Walmart-owned Flipkart Read More »
Nvidia announced a series of partnerships with Indian firms on Tuesday to deploy its AI chips and technology, deepening its push into a key growth market as demand for AI infrastructure surges. The U.S. chip designer said at its AI Summit in Mumbai that Tech Mahindra will use its technology to develop Indus 2.0, a
Nvidia deepens India AI drive with new partnerships Read More »
X revenue in India plummeted 89.8% to $2.51 million in the financial year ending March, according to regulatory filings from the Elon Musk-owned social network. The company, which had posted revenue of $24.7 million in the previous fiscal year, also significantly reduced its expenses in India to $2.2 million from $20 million year-over-year, the filing
X’s India revenue falls 90%, filing shows Read More »
Paytm, a leading Indian financial services firm, has received regulatory approval to resume adding new UPI payments users, following an eight-month restriction on many of its operations. UPI, which processes over 15 billion monthly transactions, dominates India’s online payments. Walmart-owned PhonePe and Google Pay process about 87% of UPI transactions, whereas Paytm’s market share has
India’s Paytm wins approval to resume payments growth Read More »
Even though India isn’t at the forefront of the global AI innovation battle, demand for AI in the country is growing as businesses seek efficiencies and tech companies promote AI developments as a cure-all. The South Asian nation is projected to have an AI market touching $17 billion by 2027, according to a joint report
India’s Neysa bags $30M to compete with global AI hyperscalers Read More »
Indian stock trading and mutual fund startup Groww paid $159.4 million in taxes as it shifted its domicile from the U.S. back to India, the company said in a statement on Monday. Nearly a dozen Indian startups are in the process of relocating their headquarters to India from the U.S. and Singapore to better comply
Groww pays $160M tax as it returns to India amid a startup relocation wave Read More »
