Manish Singh
Reliance Industries, run by India’s richest man Mukesh Ambani, is gearing up to deploy a winning strategy from its past playbook for the fashion market: low-cost products.
Ajio, Reliance’s retail fashion arm, has quietly launched Ajio Street. The platform boasts a vast selection of clothing and accessories, starting from...
The Indian conglomerate Reliance is poised to outpace Amazon and Walmart-backed Flipkart in the race for the country’s $150 billion e-commerce market, analysts at Bernstein projected in a scathing report to clients this week, challenging the prevailing industry views that favor the incumbent global powerhouses.
Bernstein’s projection hinges on a...
The Internet and Mobile Association of India, an influential tech industry body, has appointed Dream Sports co-founder and chief executive Harsh Jain as the new chairperson of the association, bucking the tradition of giving the top roles to Big Tech executives after receiving criticism from many Indian startups.
Rajesh...
Merely months have passed since Microsoft and OpenAI unveiled ChatGPT to the world, sparking a fervor among tech enthusiasts and industry titans. Now, the technology that underpins this generative AI is breaking barriers, reaching remote hamlets miles away from the tech hubbubs of Seattle and San Francisco.
Jugalbandi, a...
Matrix Partners India has extended the target size for its current fund to $525 million, from $450 million it disclosed earlier, joining a burgeoning roster of venture capital funds intending to deploy in excess of half a billion dollars for new investment initiatives in the South Asian market.
The...
JioMart, Reliance Retail’s online shopping platform, has laid off over 1,000 employees and plans to cut as many as 9,900 more roles over the coming weeks, according to a report, as the Indian retail giant looks to improve its margins.
The shakeup, reported by the Indian daily Economic Times,...
Indian startup Chalo, which is working to transform bus commutes, has raised $45 million in a new funding round and secured an additional $12 million in debt as it works on deepening its mobility offerings and launches in more international markets.
The Series D funding round was led by...
General Atlantic has poured another $100 million into PhonePe, four months after leading a $350 million investment in the Indian fintech startup that has so far raised $850 million in an ongoing financing round at the height of the slowing global economy.
Walmart-backed PhonePe disclosed the investment in a...
The South Korean giant Krafton has secured the approval from the Indian authorities to resume operations of Battlegrounds Mobile India, a popular India-focused battle royale mobile game that the firm launched after New Delhi banned the marquee offering PUBG in the South Asian market. BGMI was also later...
India’s Swiggy said on Thursday that its marquee food delivery business has become profitable, eclipsing its publicly-listed rival Zomato on another key metric a day before the firm is set to report its quarterly earnings.
The Bengaluru-headquartered startup — which counts Prosus Ventures, SoftBank and Invesco among its backers...
