india

Zepto eyes $100M from Indian offices in third funding in 6 months

Startups /

Zepto is in advanced stages of talks to raise $100 million in new investment, its third in the last six months, as the leading Indian quick commerce startup looks to rope in more domestic investors, sources familiar with the talks told TechCrunch. The Mumbai-headquartered startup, which allows customers in multiple Indian cities order grocery, office […]

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Accel eyes stake in India’s Truemeds at $330 million valuation

Commerce /

According to half a dozen sources, Accel, the global venture firm, is in advanced discussions to lead a funding round of $30 million to $40 million in Truemeds, an Indian online pharmacy that’s focused on providing customers with more affordable generic alternatives to costly branded medications. The talks are currently centered on a proposed valuation

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India’s Star Health confirms data breach after cybercriminals post customers’ health data online

Security /

Star Health and Allied Insurance, one of the largest health insurance firms in India, has confirmed it was the target of a “malicious cyberattack,” some two weeks after cybercriminals claimed to post customers’ health records and other sensitive data online. The Chennai-headquartered insurance giant told TechCrunch in a statement Wednesday that the cyberattack resulted in “unauthorized

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India regulator issues notice to Ola Electric over consumer rights concerns

Transportation /

The Central Consumer Protection Authority, India’s consumer rights regulator, has sent a show-cause notice to Ola Electric over alleged violation of consumer rights, escalating troubles for the leading electric vehicle maker whose shares dropped 9% earlier on Monday, The notice, issued on Monday, gives the Bengaluru-headquartered firm 15 days to respond to allegations that include

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Ola Electric stock tumbles as complaints ratch up, and market share erodes

Transportation /

Indian electric vehicle maker Ola Electric’s customers aren’t happy with its service and scooters, and it’s affecting the company’s stock and market share. The company’s shares fell by as much as 9.1% on Monday to ₹89.14, sending its market cap below $4.75 billion for the first time since its IPO in August. The company’s shares

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