Latest from Manish Singh
Government & Policy
Modi-led coalition’s election win signals policy continuity in India — and spending cuts
The National Democratic Alliance (NDA) has emerged victorious in India’s 2024 general election, but with a smaller majority compared to 2019. According to post-election analysis by Goldman Sachs, JPMorgan, CLSA,…
Temasek has previously invested in Lenskart, and this new funding follows a $500 million investment by the Abu Dhabi Investment Authority last year.
Stripe, the world’s most valuable fintech startup, said on Friday that it will temporarily move to an invite-only model for new account sign-ups in India, calling the move “a tough…
With JioFinance, the Indian tycoon Mukesh Ambani is making his boldest consumer-facing move yet into financial services.
Avendus, the top investment bank for venture deals in India, confirmed on Wednesday it is looking to raise up to $350 million for its new private equity fund. The new…
Infra.Market, an Indian startup that helps construction and real estate firms procure materials, has raised $50M from MARS Unicorn Fund.
India’s Adani Group is in discussions to venture into digital payments and e-commerce, according to a report.
Google is investing nearly $350 million in Flipkart, becoming the latest high-profile name to back the Walmart-owned Indian e-commerce startup. The Android maker will also provide Flipkart with cloud offerings…
A Jio Financial unit plans to purchase customer premises equipment and telecom gear worth $4.32 billion from Reliance Retail.
India’s Oyo, once valued at $10 billion, has withdrawn its IPO application from the market regulator for the second time.
Paytm, a leading financial services firm in India, said its net loss widened in the fourth quarter as it grappled with a regulatory clampdown.
A Singapore High Court has effectively approved Pine Labs’ request to shift its operations to India.
Go Digit, an Indian insurance startup, has raised $141 million from investors, including Goldman Sachs, ADIA, and Morgan Stanley, as part of its IPO.
Airtel, India’s second-largest telco, is partnering with Google Cloud to develop and deliver cloud and GenAI solutions to Indian businesses.
Meesho, a leading e-commerce startup in India, has secured $275 million in a new funding round.
Groww, an Indian investment app, has become one of the first startups from the country to shift its domicile back home.
India’s mobile payments regulator is likely to extend the deadline for imposing market share caps on the popular UPI (unified payments interface) payments rail by one to two years, sources…
Oyo, the Indian budget-hotel chain startup, is negotiating with investors to raise a new round of funding that could cut the Indian firm’s valuation to $3 billion or lower, three…
India’s Election Commission has issued an advisory to all political parties, urging them to refrain from using deepfakes and other forms of misinformation in their social media posts during the…
Freshworks, the publicly listed SaaS firm, is acquiring U.S.-based startup Device42 for $230 million, the company disclosed in an SEC filing. Alongside the acquisition disclosure, Freshworks revealed that founder Girish…
Innovaccer, a health tech startup that aggregates patient data across systems and care settings, is in advanced stages of talks with investors to raise as much as $250 million in…
India’s Ola has let go its chief executive, Hemant Bakshi, just four months after appointing him to the post, and is cutting about 180 jobs.
Commerce
Zomato’s quick commerce unit Blinkit eclipses core food business in value, says Goldman Sachs
Goldman Sachs said in a report late Thursday that Indian food delivery giant Zomato’s quick commerce arm Blinkit is now more valuable than its core food delivery business, as per…
Startups
Swiggy, the Indian food delivery giant, seeks $1.25B in IPO after receiving shareholder approval
Swiggy, an Indian food delivery and instant commerce startup, plans to raise $1.25 billion in an initial public offering and has secured approval from its shareholders, it disclosed in a…
Apps
India’s JioCinema offers Hollywood streaming for a penny a day to box out Netflix and Prime Video
JioCinema introduced new monthly subscription plan on Thursday, with the lowest tier costing just 35 cents.
India’s central bank on Wednesday ordered Kotak Mahindra Bank to immediately cease onboarding new customers via its online and mobile banking channels and to stop issuing fresh credit cards, citing…
Glance, which operates a popular lockscreen platform targeting Android smartphones, is setting its sights on the U.S. market. The Indian startup recently commenced a pilot program in partnership with Motorola…
Featured Article
Peak XV’s Piyush Gupta is leaving firm to start own secondary-focused VC fund
Piyush Gupta, one of the operating leaders at Peak XV Partners, is leaving the firm at the end of this month to start his own fund, four people familiar with the matter told TechCrunch. Gupta joined Peak XV, formerly known as Sequoia Capital India & SEA, in 2017, leading the…
CRED has received the in-principle approval for a payment aggregator license in a boost to the Indian fintech startup that could help it better serve its customers and launch new…
VerSe, the parent firm of Indian news aggregator app Dailyhunt, has acquired the popular digital newsstand firm Magzter, which competes with Apple News+.
