Zolve, a neobank that helps provide financial access to high-skilled and high-spending global citizens moving to the U.S., has raised $251 million in a new (equity and debt mix) funding round as the startup aims to expand its presence and enter new geographies. Every year, millions of highly skilled people move to countries like the […]
Passwords are ubiquitous, despite not being foolproof and cannot alone protect your online identity. Almost one-third of data breaches reported over the past decade happened due to stolen credentials, per Verizon, including some of the biggest breaches of all time. Instead, the industry has largely found passkeys arguably the most prominent solution to replace passwords.
Some say passkeys are clunky — this startup wants to change that Read More »
Infineon Technologies, Germany’s leading semiconductor manufacturer, has partnered with India’s six-decade-old chipmaker CDIL Semiconductors to tap into emerging business opportunities in the South Asian nation. The partnership aims to support India’s transition to electric mobility and renewable energy, both of which rely heavily on power semiconductors. India, the world’s most populous country with over 1.4
Due diligence is a costly business, and not just in the realm of investing. Even for a company trying to launch a new product or explore a partnership, finding the right data and doing the research can take weeks and get very costly if they are to make an educated decision — especially when third
Bridgetown Research raises $19M to speed up due diligence with AI Read More »
Smartwatch shipments in India dipped annually for the first time in 2024, as consumers moved away from cheap, unknown brands. Apple bucked the broader trend, however, with a reported 2.4x growth for the year. According to data from analyst firm Counterpoint, India’s smartwatch shipments dropped 30% year-on-year in 2024. Signs of slowing sales emerged last
Apple Watch shipments surge in India Read More »
On Wednesday, Apple unveiled the iPhone 16e. The model replaces both the iPhone SE and iPhone 14 in the company’s lineup. The new handset is the least expensive member of the iPhone 16 lineup, aiming at emerging markets including India. The world’s second largest smartphone market (behind China) has fueled significant iPhone sales, with Apple
In India, Apple’s iPhone 16e faces stiff competition from older models Read More »
Uber is moving away from its commission-based model for three-wheeled motorized rickshaw drivers in India in response to increased competition from local rivals Rapido and Namma Yatri. The ride-hailing giant will instead charge drivers a daily fee to use the platform and connect to riders. The business model change is the latest update to Uber’s
Uber ditches commissions in favor of daily fees for rickshaw drivers in India Read More »
Hotstar and JioCinema, two widely used video streaming apps in India, have merged into JioHotstar. JioStar, a joint venture between Reliance-owned Viacom18 and Star India, said Friday it had integrated JioCinema’s vast library of content into a revamped version of Disney’s Hotstar platform. The merged app will feature hundreds of thousands of hours of local
Coinbase is working on its re-entry to India more than a year after it officially ceased operations in the world’s most populous nation. The American crypto exchange is engaging with various Indian authorities, including the Financial Intelligence Unit (FIU), an Indian government agency that scrutinizes financial transactions, according to two sources familiar with the matter
Coinbase eyes re-entry to India Read More »
Enterprises often overprovision their cloud data storage to keep a buffer for demand peaks, but that comes at a major cost. And while in-house DevOps teams may optimize servers to reduce the impact of these costs, they usually skip optimizing their storage to avoid any accidental data loss or downtime. This leads to significant cloud
Lucidity snags $21M to help enterprises optimize their cloud storage Read More »
