Stripe, the world’s most valuable fintech startup, said on Friday that it will temporarily move to an invite-only model for new account sign-ups in India, calling the move “a tough decision” as it navigates the country’s evolving regulatory landscape. In a statement posted on its website, Stripe said businesses in India will no longer be […]
Stripe curbs its India ambitions over regulatory situation Read More »
Avendus, the top investment bank for venture deals in India, confirmed on Wednesday it is looking to raise up to $350 million for its new private equity fund. The new fund, called Future Leaders Fund III, will enable the Mumbai-headquartered firm to write larger checks and maintain a meaningful position in the startups it backs,
Avendus, India’s top venture advisor, confirms it’s looking to raise a $350 million fund Read More »
Infra.Market, an Indian startup that helps construction and real estate firms procure materials, has raised $50 million from MARS Unicorn Fund as it looks to expand operations overseas, the companies told TechCrunch on Tuesday. MARS Unicorn Fund, a joint venture between AI-driven fund Liquidity Group and Japanese bank MUFG, is an existing backer of the
MARS doubles down on India’s Infra.Market with new $50M investment Read More »
India’s energy and infrastructure giant Adani Group is plotting a move into digital payments and e-commerce, according to a Financial Times report, as the conglomerate seeks to diversify its portfolio and compete with Mukesh Ambani’s Reliance, Amazon, and Walmart’s Flipkart and PhonePe. Adani is considering applying for a license to operate on India’s Unified Payments
Indian startup Zypp Electric plans to use fresh investment from Japanese oil and energy conglomerate ENEOS to take its EV rental service into Southeast Asia early next year, TechCrunch has exclusively learned. The company aims to be in 15 markets over the next two years. Of those 15 markets, Zypp Electric plans to launch its
Indian ride-hailing startup BluSmart has started operating in Dubai, TechCrunch has exclusively learned and confirmed with its executive. The move to Dubai, which has been rumored for months, could help counter the likes of Careem, Uber and Hala in the United Arab Emirates’ most populous city. The Gurugram-based startup quietly enabled the new Dubai service
India’s BluSmart is testing its ride-hailing service in Dubai Read More »
A hacker claims to be selling user records associated with Indian online brokerage firm Samco Securities, one of the widely-used platforms offering discount broking trading accounts for the country’s stock exchanges. The pseudonymous hacker listed the data allegedly breached from Samco on a known cybercrime forum, which they are selling for an undisclosed amount. TechCrunch
Hacker claims theft of India’s Samco account data Read More »
Meesho, a leading e-commerce startup in India with about 150 million transacting users, has secured $275 million in a new funding round, the company disclosed in a securities filing. The new funding is part of a larger financing round that is likely to include secondary transactions and balloon to over $500 million, people familiar with
Meesho, an Indian social commerce platform with 150M transacting users, raises $275M Read More »
Some Indian government websites have allowed scammers to plant advertisements capable of redirecting visitors to online betting platforms. TechCrunch discovered around four dozen “gov.in” website links associated with Indian states, including Bihar, Goa, Karnataka, Kerala, Mizoram and Telangana that were redirecting to online betting platforms. Some of those websites belong to state police and property
Scammers found planting online betting ads on Indian government websites Read More »
Google on Wednesday launched its digital wallet in India with local integrations, nearly two years after the app was relaunched as a digital wallet platform in the U.S. As TechCrunch exclusively reported last month, Google Wallet will operate in India alongside the existing Google Pay app, which will remain the company’s payments app in the
Google Wallet is now available in India Read More »
