CoinSwitch, a prominent Indian cryptocurrency exchange, is suing rival platform WazirX to recover trapped funds, revealing the scope of the damage wrought by a cyber attack at WazirX that resulted in $230 million worth of digital assets being stolen. The move comes more than a month after WazirX, one of India’s largest crypto exchanges, reported […]
CoinSwitch sues WazirX to recover trapped funds Read More »
Zepto co-founder Aadit Palicha told a group of analysts and investors on Tuesday that the Indian delivery startup anticipates growth of 150% in the next 12 months, a remarkable figure suggesting the fast-growing quick commerce market in India is showing no signs of slowing down. Palicha shared these insights during a call organized by an
Zepto, snagging $1 billion in 90 days, projects 150% annual growth Read More »
VerSe Innovation, India’s content tech unicorn that owns local language news aggregator Dailyhunt, digital newsstand platform Magzter and short-video app Josh, has acquired digital marketing firm Valueleaf Group in a cash and equity deal. Valueleaf will help VerSe to bolster its presence in the Indian digital ad space and build a significant retargeting platform, countering
India’s VerSe buys Valueleaf to boost digital marketing Read More »
Apple has struck a deal with Airtel to provide the Indian telecom giant’s subscribers with exclusive offers for its music streaming service. The partnership, announced on Tuesday, will also see Airtel bundle Apple TV+ for its premium customers in India, while simultaneously shuttering its own Wynk Music app. Airtel customers who have subscribed to Airtel’s
Apple TV+ free for Airtel postpaid and wi-fi customers in India Read More »
Given India’s language diversity, digital content companies already face a challenge in trying to show and translate content accurately. Google is facing a similar problem with AI overviews recently rolled out in the country. The company introduced Hindi support for AI overviews in the country earlier in August. Users in India can also switch between
Google’s AI overviews in Hindi need a quality upgrade Read More »
360 One Asset, an investor in India’s National Stock Exchange (NSE), has increased its valuation for the stock exchange to $29.9 billion, significantly higher than the $18 billion to $19 billion price tag the firm was valued at in private transactions last year. The wealth manager, which invested in NSE through its SOF8 fund, disclosed
360 One lifts its valuation of India’s National Stock Exchange to $29.9B Read More »
Since its launch in 2022, India’s Open Network for Digital Commerce — a government-funded non-profit that provides a set of APIs for tech companies and others to build new digital services for shoppers and businesses — has grown to enable 12 million monthly transactions in areas like food delivery and mobility and new services from
India’s open commerce network expands into digital lending Read More »
India’s commerce minister Piyush Goyal on Wednesday expressed concern over the rapid growth of e-commerce in the country, warning of potential disruption to small retailers. Speaking at the launch of a report on the impact of e-commerce on employment and consumer welfare in India, Goyal said the projected dominance of online marketplaces in the coming
India’s trade minister decries e-commerce growth, Amazon’s ‘predatory’ pricing Read More »
Amazon is considering shifting its payments offerings in India into a standalone app, three sources familiar with the matter told TechCrunch, as the e-commerce giant aims to boost usage of Amazon Pay in the country. Amazon Pay is currently housed within the company’s primary e-commerce app in India, and lets users transfer money to individuals
Amazon considers moving Amazon Pay into a standalone app in India Read More »
Taiwanese electric two-wheeler maker Gogoro has deferred its highly ambitious plans for India, as New Delhi has not yet launched an anticipated scheme for battery swapping, a company executive said. In the meantime, the company has started a bike-taxi pilot with aggregator Rapido to test its vehicles before their commercial release. Gogoro is “forced to
