Manish Singh
Amazon plans to invest $12.7 billion into its cloud infrastructure in India by 2030, the e-commerce group said Thursday, as it pushes ahead to scale up its AWS business in the key overseas market at a time when it has cut several other spendings in the region.
The company,...
Google said on Wednesday that its Google Play’s payments policy is compliant with the Indian watchdog’s order and it is moving ahead with plans to enforce the policy in the South Asian market, weeks after some developers sought to suspend Google’s in-app billing fee system alleging it was...
Founders of ZestMoney have resigned from the startup, the latest twist in the fate of the Indian fintech whose ability to underwrite small ticket loans to first-time internet customers once drew the backing of many high-profile investors including Goldman Sachs.
Lizzie Chapman, Priya Sharma and Ashish Anantharaman, the founders...
Blackstone has reached a definitive agreement to sell its stake in the Indian SaaS startup IBS Software to Apax for $450 million, the three said Monday, the latest in a series of late-stage deal activities among IPO-ready firms.
IBS Software offers a range of software solutions to airlines, logistics...
Foxconn will invest $500 million to set up manufacturing plants in the southern Indian state of Telangana, the latest in a series of bets from the key Apple contract partner as it expands its base in the South Asian market.
K.T. Rama Rao, Telangana’s IT minister, said in a...
Byju’s has raised $250 million in fresh funding and is close to securing about $700 million more, two people familiar with the matter told TechCrunch, as the Indian edech giant builds up its war chest ahead of the highly-anticipated IPO of its subsidiary Aakash.
The New York-headquartered investment firm...
SoftBank Vision Fund lost $32 billion in the financial year ending March as the Japanese investment giant, the most prolific global investor in tech startups, suffers from the valuation corrections across its private and public tech backings amid weakening global economy.
The loss surged 68% from the same period...
Disney, the global entertainment conglomerate operating a variety of streaming platforms, suffered a 2% contraction in its total subscriber base for the quarter ending March this year. The decline is largely attributed to one specific streaming service: Hotstar.
The Disney+ Hotstar platform, catering to viewers in India and Southeast...
Shares of Indian food delivery firm Zomato ended session on Tuesday at a decline of 6%, hours after it became known that Invesco had cut the valuation of its rival Swiggy.
Shares of Zomato ended Tuesday’s trading session at 60.94 Indian rupees (or 74 U.S. cents ), a 6%...
Invesco, which led Swiggy’s previous round, has marked down the Indian food delivery giant’s valuation in its holding to about $5.5 billion, according to a filing.
This revised valuation, as of January 31, 2023, represents a striking 48.6% decrease from the $10.7 billion valuation Invesco had previously attributed to...
