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 […]
Indian game streaming startup Loco sells majority stake to Redwood Read More »
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
India’s Star Health says it’s investigating after hacker posts stolen medical data Read More »
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
Airtel taps AI to combat India’s rampant spam calls problem Read More »
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
Fintech Jupiter in talks to buy a stake in SBM Bank India Read More »
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”
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
Indian filmmaker abandons human musicians for AI-generated music Read More »
The governing body overseeing India’s popular UPI payments rail is considering easing its proposed market share cap for operators like Google Pay, PhonePe and Paytm as it struggles to enforce limitations, two people familiar with the matter told TechCrunch. National Payments Corporation of India (NPCI), which reports to India’s central bank, is considering increasing the
India weighs easing market share limits for UPI payment operators Read More »
Amazon has named long-time executive Samir Kumar as the new head of its India consumer business, following an abrupt leadership change in one of its key markets last month. Kumar, who has been with the e-commerce giant for 25 years, will assume the role of Country Manager for India, the company said. This appointment comes
Amazon taps veteran to lead India business as competition intensifies Read More »
Myntra, India’s largest fashion e-commerce platform, is trialling a four-hour delivery service in four Indian cities, two sources familiar with the matter told TechCrunch, a dramatic acceleration from its standard 2-3 day delivery timeframe as the surge of quick commerce reshapes consumer behavior. The Flipkart Group-owned firm is piloting the fast-tracked delivery service in cities
Myntra bets on 4-hour delivery amid India’s quick commerce boom Read More »
Indian logistics firm Delhivery has publicly contested the accuracy of the metrics presented by competitor Ecom Express in its draft initial public offering prospectus, a rare confrontation in the lead-up to the latter’s market debut. Delhivery, backed by SoftBank and already publicly listed, claims Ecom Express has inaccurately represented Delhivery’s business metrics when drawing comparisons
SoftBank-backed Delhivery contests metrics in rival Ecom Express’ IPO filing Read More »
