india

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 […]

India regulator issues notice to Ola Electric over consumer rights concerns Read More »

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

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

Indian game streaming startup Loco sells majority stake to Redwood

Gaming /

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 »

India’s Star Health says it’s investigating after hacker posts stolen medical data

Security /

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 »

Airtel taps AI to combat India’s rampant spam calls problem

AI /

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 »

Fintech Jupiter in talks to buy a stake in SBM Bank India

Fintech /

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 »