Manish Singh
WhatsApp, the most popular smartphone app in India, is employing one of the most popular strategies that has proven to drive users in the world’s second largest market to a service: cash-back. The Meta-owned instant messaging service is running a campaign as part of which it is giving...
Lightspeed India Partners is looking to raise over $500 million for its fourth fund as one of the most successful venture funds in the world’s second largest internet market looks to double down on early-stage bets and expand focus to Southeast Asia region, according to two people familiar...
Reliance Industries “cannot implement” its $3.4 billion deal to acquire several parts of retail chain Future Group after secured creditors rejected the offer earlier this week, India’s most valuable firm said in a stock exchange filing on Saturday.
“The Future Group companies comprising Future Retail Limited (FRL) and other...
Amazon may be attempting to take on Shopify in the west, but in India, it is gearing up to explore social commerce.
Amazon India has acquired the social commerce startup GlowRoad as the e-commerce giant makes a bigger push into one of its key overseas markets, a source directly...
Netflix plans to offer a cheaper and ad-supported plan to consumers within a year or two, the world’s largest streaming service said, as it pushes to tap a wider set of potential customers. The firm, which reported a loss of 200,000 subscribers in Q1, will introduce the ad-supported...
UrbanPiper, a restaurant management platform that processes 18% of all online food orders in India, has raised $24 million in a new financing round from a number of investors including Swiggy and Zomato, the three firms said Monday.
The six-year-old startup’s Series B funding was led by existing investors...
Sequoia Capital India, one of the most prolific and successful investors in India and Southeast Asia, addressed the fraudulent practices allegations levelled against some of its portfolio startups and pledged to take proactive steps to do more to drive increased compliance.
In a blog post published Sunday afternoon, the storied...
Indian neobank Fi is in advanced stages of talks to raise about $100 million at a $700 million valuation, according to three sources familiar with the matter.
Alpha Wave Global, formerly known as Falcon Edge Capital, is leading the round, sources said. Singapore’s Temasek is also in talks to...
Swiggy has led a $180 million financing round into bike taxi startup Rapido as the Indian food delivery giant looks to broaden its fleet network across the country, the two firms said on Friday.
Rapido’s Series D financing round also saw participation from TVS Motor Company and existing investors...
The National Payments Corporation of India, the payments body that oversees the widely popular UPI instrument, has given approval to WhatsApp to extend its payments service to 100 million users in the South Asian market, a person familiar with the matter said. WhatsApp was previously allowed to rollout...
