Categories india

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India offers $2.46B incentive to boost domestic production of batteries

India’s cabinet on Wednesday approved Department of Heavy Industry’s proposal to provide incentives to boost domestic production of batteries with advanced energy storage, the latest in a series of efforts by New Delhi to make the world’s second largest internet market less reliant on other nations for various electronics goods […]

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China expresses concern over its absence in India’s 5G trials

China expressed concern on Wednesday over India’s move to not grant any Chinese firm permission to participate in 5G trials in the world’s second-largest internet market as the two neighboring nations struggle to navigate business ties amid their geo-political tensions. India’s Department of Telecommunications earlier this week approved over a […]

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India’s ElasticRun raises $75 million to grow its commerce platform for neighborhood stores

A startup that is helping over 125,000 neighborhood stores in India secure working capital, inventory from top brands, and work with e-commerce firms to boost revenues said on Thursday it has raised a new financing round as it looks to further its reach in the world’s second largest internet market. […]

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India’s entrepreneurs and investors are mobilizing to help the nation fight COVID-19 — and you can too

At a time when much of the world has asserted great control over containing the spread of the coronavirus, with countries increasingly vaccinating its citizens, a different story is playing out in India, the world’s second-most populous nation. For a week straight, India has reported more than 300,000 daily new […]

India orders Twitter to take down tweets critical of its coronavirus handling

Twitter has taken down dozens of tweets in India, some of which were critical of New Delhi’s handling of the coronavirus, to comply with an emergency order from the Indian government at a time when South Asian nation is grappling with a globally unprecedented surge in Covid cases. New Delhi […]

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India restricts American Express from adding new customers for violating data storage rules

India’s central bank has restricted American Express and Diners Club from adding new customers starting next month, it said Friday, citing violation of local data-storage rules. In a statement, the Reserve Bank of India said existing customers of either of the two card companies will not be impacted by the […]

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India’s Razorpay raises funds at $3 billion valuation ahead of Southeast Asia launch

Six-year-old Bangalore-based fintech Razorpay topped a $1 billion valuation late last year, becoming the first Y Combinator-backed Indian startup to reach the much sought after unicorn status. In less than six months since, the Indian startup has tripled its valuation and is preparing to launch in the Southeast Asian markets. […]

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Indian fintech Zeta turns unicorn with SoftBank-led funding

Bangalore-based fintech startup Zeta has clinched the much sought-after unicorn status after finalizing a new financing round led by SoftBank Vision Fund 2, sources familiar with the matter told TechCrunch. SoftBank Vision Fund 2 has led a ~$250 million Series D round in the five-year-old Indian startup, the sources said. […]

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Cashify raises $15 million for its second-hand smartphone business in India

Tens of millions of people each year purchase a second-hand smartphone in India, the world’s second-largest market. Phone makers and giant online sellers such as Amazon and Flipkart are aware of it, but it’s too much of a hassle for them to inspect, repair and resell used phones. But these […]