Bike-taxi startup Rapido has become the latest Indian startup to become a unicorn, or reach $1 billion in valuation. The eight-year-old firm has raised $120 million in a new funding round led by WestBridge Capital, according to a regulatory filing. The new capital, a Series E infusion, underscores Rapido’s growing prominence in India’s mobility sector […]
India’s Rapido becomes unicorn with fresh $120 million funding Read More »
Zapp Electric Vehicles wants to turn its London-based electric two-wheeler brand into a global EV company. And India will be one of its launchpads, TechCrunch has exclusively learned. The company will launch its first product — an urban electric two-wheeler called the i300 — in the UK as early as next month, followed by Thailand.
UK’s Zapp EV plans to expand globally with an early start in India Read More »
Indian cryptocurrency exchange WazirX announced on Saturday a controversial plan to “socialize” the $230 million loss from its recent security breach among all its customers, a move that has sent shockwaves through the local crypto community. The Mumbai-based firm, which suspended all trading activities on its platform last week following the cyber attack that compromised
WazirX to ‘socialize’ $230 million security breach loss among customers Read More »
Apple has reduced prices of its iPhone models in India by 3-4% following a cut in import duties in the South Asian market. The price cuts range from 300 rupees ($3.6) for models like the iPhone 13, 14 and 15, and to up to 6,000 rupees ($71.7) for the iPhone 15 Pro and Pro Max
Apple cuts iPhone price in India amid China slowdown Read More »
Google Maps is rolling out new features in India using AI to help drivers navigate easily through flyovers and narrow roads in the world’s most populous country, with enormous roads with obstructions and several flyovers to deal with traffic congestion. On Thursday, Google announced that it had built an AI model specifically for Indian roads
Google Maps adds features to improve navigating flyovers and narrow roads in India Read More »
India conglomerate Jio has partnered with Taiwanese fabless semiconductor giant MediaTek to supply the booming electric scooter market with digital dashboards. The partnership, which was announced Thursday at an industry event in New Delhi, will bring chips supplied by MediaTek and an Android-based operating system along with hardware developed by Jio to electric scooters in
Jio partners with Taiwan’s MediaTek to tap into two-wheeler EV market Read More »
A hacker claims to be selling data relating to thousands of current and former employees of the Indian conglomerate Piramal Group, a multinational company that operates across pharma, financial services and real estate. In a listing on a known cybercrime forum last week seen by TechCrunch, the pseudonymous threat actor published a small portion of
Hacker claims theft of Piramal Group’s employee data Read More »
CRED, an Indian fintech startup, has rolled out a new feature that will help its customers manage and gain deeper insights into their cash flow, as startup seeks to drive engagement by providing much-needed personal finance tools. Known primarily for its credit card bill payment and consumer lending service, the Bengaluru-based startup is venturing into
You can now track and manage bank transactions with CRED Read More »
India’s federal government has removed the controversial “angel tax” for all classes of investors, delivering a major victory to the country’s startup ecosystem that had lobbied for years against the measure. “To bolster the India startup ecosystem, to boost entrepreneurial spirit and support innovation, I propose abolishing angel tax for all classes of investors,” Finance
India scraps ‘angel tax’ in boost to startups Read More »
Indian food delivery and quick commerce startup Swiggy is pivoting one of its smaller businesses: Swiggy Minis, its Shopify alternative for small businesses, is being turned into a link-in-bio service that will now also cater to service providers like nutritionists and fitness trainers. In its new avatar, Swiggy Minis will act as a landing page
