Manish Singh
A new player is preparing to enter India’s crowded and yet duopoly-sided UPI payments market.
Bengaluru-headquartered Slice, which became a unicorn late last year, plans to introduce UPI payments for its users within weeks, according to a source familiar with the matter.
The startup is currently testing the new payments...
Singapore’s giant Sea said on Monday it is shutting down its e-commerce business, Shopee, in India, months after the firm began recruiting sellers in the country. The announcement follows India’s decision to ban Sea’s popular title “Free Fire” in the country last month, a move that contributed to...
Glance has acquired India’s Gambit as the Google-backed firm looks to supercharge its mobile games offerings and introduce NFTs to its Gen-Z users, TechCrunch has learned and confirmed.
Piyush Shah, co-founder of InMobi Group and COO of Glance, confirmed the acquisition but declined to share the financial terms of...
Ola said on Thursday evening it has reached an agreement to acquire Avail Finance, a financial services startup that serves the blue-collar workforce, as the ride-hailing giant looks to expand its financial services offerings.
The two startups did not disclose the terms of the deal. Avail Finance had raised...
Unstoppable Domains, a popular blockchain naming system provider, is putting together a funding round at a valuation of $1 billion, three people familiar with the matter told TechCrunch.
The startup is in talks with a number of new and existing investors including Draper Associates, Coinbase Ventures, Protocol Labs and...
India’s proposed taxation law of virtual digital assets won’t permit individuals to offset loss from one asset against profit of another, the Ministry of Finance said Monday in a move that the head of the nation’s top cryptocurrency exchange termed as “detrimental” and “regressive.”
India proposed law for taxing...
Mukesh Ambani-controlled Reliance Retail said on Sunday evening it is acquiring a majority stake of 89% in direct-to-consumer brand Clovia for $125 million as the largest Indian retail chain looks to expand its footprints in the apparel and innerwear categories.
Eight-year-old Clovia, which operates a “bridge-to-premium D2C brand” and...
The Indian Income Tax Department says it has found and seized “a large number of incriminating evidences” that reveals that a Pune and Thane-based unicorn startup, referring to Infra.Market, “booked bogus purchases” and disclosed an additional income of more than $29.4 million following a rare probe into a startup.
Infra.Market...
DigiLocker, an app that enables individuals in India to digitize and store a copy of more than 560 different documents, including government-issued ID cards, says it has topped 100 million users.
The app, conceived by India’s Ministry of Electronics and IT over six years ago, is New Delhi’s attempt...
Food delivery firm Zomato and instant delivery service Blinkit have reached an agreement for a merger, a source familiar with the matter told TechCrunch. The all-stock deal values Blinkit between $700 million and $750 million, the source said, requesting anonymity as the matter is private.
The merger — or...
