Manish Singh

Byju’s clocked a revenue of $305.6 million in the financial year that ended in March 2021, below its own projections, the Indian edtech giant disclosed in audited results Wednesday, following an 18-month delay that attracted scrutiny from lawmakers and local authority. The Bengaluru-headquartered startup, India’s most valuable, reported a...

Google is eyeing moving some production of its Pixel smartphone lineup to India, according to a report, the latest in a series of phonemakers with growing ambitions to locally assemble their handsets in the world’s second largest market. The Android-maker has solicited bids from manufacturers to assemble between 500,000 and...

It took Byju’s 10 years to become India’s most valuable startup, expanding its empire of online learning apps to many markets including the U.S. The firm, founded by a teacher, largely avoided controversies even as its sales operations are anything but ideal (though not extreme by Indian standards.)...

Sequoia India and Southeast Asia has launched a new program to help its portfolio’s early-stage founders connect with international operators who can help the startups expand to new markets, the venture firm said, as it aggressively scales its offerings in the key regions. In addition to providing founders with...

Binance, the issuer of the world’s third largest stablecoin, said on Monday it will convert customers’ holdings in three rival stablecoins USDC, USDP and TUSD into its own stablecoin on September 29 to “enhance liquidity and capital-efficiency for users” in a move that has baffled many enthusiasts. As a...

India’s antitrust watchdog has approved PayU’s proposed acquisition of payments gateway BillDesk, the second largest M&A deal in the South Asian market’s consumer internet space, more than a year after the two firms announced their merger plan. The Competition Commission of India said in a tweet that the deal...

India has summoned executives of Wikipedia after a cricketer’s page on the online encyclopedia was edited with links to a separatist movement. The country’s IT ministry made the order on Monday to seek clarification from Wikipedia executives over the incident. A key IT minister publicly expressed his concern about the...

India’s financial crime fighting agency searched the offices of fintech unicorns Paytm and Razorpay as well as Cashfree on Friday as part of an ongoing investigation into fraudulent Chinese loan apps, it said Saturday, the latest in a series of probes in recent months. The Enforcement Directorate said its...

Amazon is lagging its chief rival Flipkart in India on several key metrics and struggling to make inroads in smaller Indian cities and towns, according to a scathing report by investment firm Sanford C. Bernstein. The American e-commerce giant’s 2021 gross merchandise value in the country, where it has...

Amazon is lagging its chief rival Flipkart in India on several key metrics and struggling to make inroads in smaller Indian cities and towns, according to a report by investment firm Sanford C. Bernstein. The American e-commerce giant’s 2021 gross merchandise value in the country, where it has deployed...