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Tiger Global in talks to back BharatPe at $2.5 billion valuation

Indian fintech startup BharatPe is in advanced stages of talks to raise about $250 million in a new financing round led by Tiger Global, two sources familiar with the matter told TechCrunch. The new round, a Series E, is giving the three-year-old New Delhi-headquartered firm a pre-money valuation of $2.5 […]

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UBS investment makes Byju’s the most valuable startup in India

Edtech giant Byju’s has become the most valuable startup in India after raising about $350 million in a new tranche of investment from UBS Group and Zoom founder Eric Yuan, Blackstone and others that valued the Bangalore-based firm at $16.5 billion (post-money). In a new filing, Byju’s revealed that scores […]

Temasek and General Atlantic in talks to back Indian neobank Open

Bangalore-based neobank Open is in advanced stages of talks to raise about $100 million, according to two sources familiar with the matter. Temasek, the Singaporean government’s sovereign wealth fund, and General Atlantic are positioning to co-lead the Series C financing round, which values the Indian startup at pre-money $600 million, […]

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Indian health insurance startup Plum raises $15.6 million in Tiger Global-led investment

The vast majority of people in India, the world’s second most populous nation, don’t have health insurance coverage. A significant portion of the population that does have coverage get it from their employers. Plum, a young startup that is making it easier and more affordable for more firms in the […]

Jai Kisan, a fintech startup aimed at rural India, raises $30 million

Jai Kisan, an Indian startup that is attempting to bring financial services to rural India, where commercial banks have a single-digit penetration, said on Monday it has raised $30 million in a new financing round as it looks to scale its business. Hundreds of millions of people in India today […]

Indian logistics giant Delhivery raises $277 million ahead of IPO

Delhivery, India’s largest independent e-commerce logistics startup, has raised $277 million in what is expected to be the final funding round before the firm files for an IPO later this year. In a regulatory filing, the Gurgaon-headquartered startup disclosed it had raised $277 million in a round led by Boston-headquartered […]

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Alibaba is making its cloud OS compatible with multiple chip architectures

Alibaba’s cloud computing unit is making its Apsara operating system compatible with processors based on Arm, x86, RISC-V, among other architectures, the company announced at a conference on Friday. Alibaba Cloud is one of the fastest-growing businesses for the Chinese e-commerce giant and the world’s fourth-largest public cloud service in the […]

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Facebook, WhatsApp, Google and other internet giants comply with India’s IT rules

Google, Facebook, Telegram, LinkedIn and Tiger Global-backed Indian startups ShareChat and Koo have either fully or partially complied with the South Asian nation’s new IT rules, according to two people familiar with the matter and a government note obtained by TechCrunch. India’s new IT rules, unveiled in February this year, […]

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ByteDance’s video editor CapCut is the latest to top the U.S. App Store

From time to time, we see a Chinese app climbing to the top of Google Play and App Store in a host of Western countries. It might be a utility tool like a selfie beautifier or some casual video game, which has universal appeal and require little localization effort. But […]

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India objects to ‘manipulated’ label on politicians tweets; asks removal of reference to ‘Indian variant’ of coronavirus

The Indian government has expressed strong objection to Twitter for classifying tweets by Indian politicians as “manipulated media,” and separately asked social media firms to remove posts that refers to an “Indian variant” of the coronavirus. The first notice comes two days after Twitter labeled a tweet from Sambit Patra, […]