Manish Singh
The trading volume at top Indian crypto exchange WazirX fell to $1 billion in 2023 as the platform faced intensifying regulatory pressure in its home market alongside a broader slump for digital asset prices — and equities — globally.
The total volume of cryptocurrencies traded on WazirX’s platform this year...
Omidyar Network, backed by eBay founder Pierre Omidyar, plans to shut down its India operations, two sources familiar with the matter told TechCrunch, in a stunning development for the venture firm that has backed nearly 75 startups in the South Asian market.
TechCrunch couldn’t determine why Omidyar had decided to...
Tribe Capital is in talks to lead a $75 million to $100 million funding into the logistics aggregator Shiprocket, according to a person familiar with the matter, a notable financing deliberation at a time when Indian startups are struggling to raise capital.
The funding talks are ongoing and the terms...
Vaishali Kasture, the executive Amazon appointed as the interim head of AWS India and South Asia, has quit the firm, a source familiar with the matter told TechCrunch, merely seven months into the top role.
Amazon didn’t immediately respond to a request for comment by email and phone. Amazon counts...
High-flying venture investors in India managing hundreds of millions of dollars are tempering expectations, making early-stage startup bets that in best-case scenarios they hope will return 3 to 5 times invested capital.
Several leading India investors including Peak XV Partners, Elevation Capital, Lightspeed, Nexus and Accel have raised $500 million-plus...
Indian financial services firm Paytm sent shockwaves through the industry on Wednesday after it disclosed that it plans to issue fewer personal loans under 50,000 Indian rupees ($600) in a move that has already started to rattle many fintech investors.
Paytm’s move followed the RBI recently tightening norms for consumer...
Avenir Growth Partners is seeking to raise $800 million for its fifth fund, it disclosed in a securities filing, two years after it began the paperworks for raising its IV fund. It ended up raising about $780 million for the fourth fund, it disclosed in a filing earlier this...
Twitch plans to shut down its business in South Korea on February 27, it said, after finding that operating in one of the world’s largest esports markets is “prohibitively expensive.”
In a blog post, Twitch CEO Dan Clancy said the firm undertook a “significant effort” to reduce the network costs...
ZestMoney, a buy now pay later startup whose ability to underwrite small ticket loans to first-time internet customers attracted many high-profile investors including Goldman Sachs, is shutting down following unsuccessful efforts to find a buyer.
The Bengaluru-headquartered startup — which also identified PayU, Quona, Zip, Omidyar Network and Ribbit Capital among...
Allen Career Institute has acquired Doubtnut in a deal that values the young edtech at $10 million, according to a person familiar with the matter, a reversal of fortune for the once promising edtech leading app.
The two firms confirmed the deal on Monday, but declined to share financial terms...
