Manish Singh

Reliance Retail has led a $240 million funding round in Google-backed hyperlocal delivery startup Dunzo as the largest Indian retail chain aggressively expands its offerings. Reliance Retail is investing $200 million in the round for a 25.8% stake in the five-year-old startup, which operates an eponymous hyper-local delivery service in...

Fractal has raised $360 million from TPG in a new financing round and entered the unicorn club as the Mumbai and San Francisco-headquartered AI startup, which counts Google and Wells Fargo among its customers, scales its offerings and begins preparation for an IPO. The new financing round valued the...

Sanjay Bhargava, the head of Starlink India, has stepped down from his role weeks after the Indian government ordered the company to stop taking orders for the devices as it doesn’t have the license to operate in the South Asian market. In a LinkedIn post, Bhargava said he was...

Starlink, part of Elon Musk’s SpaceX, informed a number of individuals in India on Tuesday that it will be refunding their pre-orders, more than a month after New Delhi told the firm to stop “booking/rendering the satellite internet service” in the South Asian market without obtaining a license. In...

In late March last year, as the virus started to spread across India, investors began to worry about the impact a potential pandemic could have on their portfolio firms. They exchanged notes, and on April 1, penned a joint open letter to the local startup ecosystem, advising firms to...

Indian antitrust watchdog on Friday ordered an investigation into Apple’s business practices — in particular, the company mandating iPhone app developers to use a proprietary payments system — in India, where the American firm commands less than 2% of the smartphone market. The Competition Commission of India, which ordered...

Apple has put the southern India factory of Foxconn on probation following protests from workers over subpar food and accommodation conditions, a concern both the firms acknowledged and pledged to improve. The iPhone maker didn’t say how long the probation will last, but an Apple spokesperson in India told...

GlobalBees, which raised one of the largest Series A financing rounds in India earlier this year, has entered the unicorn club as the New Delhi-headquartered firm scales its Thrasio-like house of brands. Premji Invest, the investment firm controlled by Indian tycoon Azim Premji, led the nine-month-old startup’s Series B...

Industry veteran Jitendra Gupta’s consumer-focused neobank Jupiter has raised about $86 million in a new financing round as the Bangalore-based startup gears up to offer its customers lending and wealth management services. Tiger Global, QED and Sequoia Capital India co-led the two-year-old startup’s Series C round, Gupta told TechCrunch in...

Naren Gupta, a venture capitalist who co-founded Nexus Venture Partners to bring Indian SaaS startups to the world map, died on Saturday. He was 73. Gupta, who moved to the U.S. to pursue higher education in late 1960s, co-founded Integrated Systems, a software firm that was ultimately sold to...