Manish Singh
India will give VPN providers and cloud service operators an additional three months to comply with new rules that require they maintain names and addresses of their customers and their IP addresses, giving some relief to firms as many scramble to follow the new guidelines and some explore...
Payments giants and fintech startups in India on Saturday requested the central bank to treat widely used prepaid payment instruments on par with bank accounts for customers who have undertaken certain verifications, days after the monetary authority signalled industry-wide crackdown.
The Payments Council of India, a unit of influential...
Zomato is acquiring Blinkit, a struggling 10-minute grocery delivery startup, in a $568.1 million deal as the loss-making food delivery firm looks to broaden its offerings at a time when its shares are trading far below its last year’s debut price and less than half of the all-time...
Uber said on Thursday it has never explored exiting India, a key overseas market for several tech giants, dismissing a claim that it has had held discussions to sell the local unit.
Bloomberg reported earlier in the day that the San Francisco-headquartered firm had explored selling the India business,...
Sequoia India and Southeast Asia is broadening the range of its check size for the Surge program as the storied venture firm attempts to make its seed investments more “relevant for a larger set of founders,” it said Thursday.
The venture firm’s check size for the three-year-old Surge program,...
Matrix Partners India is raising $450 million for its fourth India fund, doubling down on the South Asian market where scores of investors including Sequoia, Lightspeed, SoftBank, Elevation, Accel, Alpha Wave Global and Tiger Global have increased the pace of their investments in recent years.
The firm, which counts...
A Cloudflare outage has hit several popular services including Discord, Omegle, DoorDash, Crunchyroll, NordVPN, and Feedly. Other popular services that have confirmed they are impacted include Zerodha, Medium.com, news outlet Register, Groww, Buffer, iSpirt, Upstox and Social Blade. The internet infrastructure firm said it is investigating the “wide-spread”...
India’s market regulator fined Reliance and two of its officers on Monday for not properly disclosing Facebook’s $5.7 billion investment into Jio Platforms in April 2020.
The Securities and Exchange Board of India said that media had reported about the then-impending deal in March itself, which prompted the shares...
Telegram has amassed over 700 million monthly active users and is rolling out a premium tier with additional features as the instant messaging platform pushes to monetize a portion of its large user base. The firm did not disclose how much it is charging for the premium tier,...
Social commerce CityMall, which unveiled a $75 million financing round in late March, is cutting 191 jobs, the latest Indian startup to eliminate roles as it looks to better navigate the sharp reversal in the markets.
The Gurugaon-headquartered startup, which has raised over $110 million and counts General Catalyst,...
