Categories india

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Khosla Ventures leads Even’s $5M seed to give India the kind of healthcare their insurance doesn’t

The global pandemic highlighted inefficiencies and inconsistencies in healthcare systems around the world. Even co-founders Mayank Banerjee, Matilde Giglio and Alessandro Ialongo say nowhere is this more evident than in India, especially after the COVID death toll reached 4 million this week. The Bangalore-based company received a fresh cash infusion […]

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India considering phased roll out of central bank digital currency

India’s central bank is considering launching a digital currency, according to a top executive, giving a clear indication of its intentions for the first time after previously stating that it was studying the idea. T Rabi Sankar, the deputy governor of Reserve Bank of India, said at a conference today […]

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YouTube acquires Indian social commerce startup Simsim

YouTube has acquired social commerce startup Simsim, the Google-owned firm said on Tuesday. Neither of the firms disclosed the terms of the deal, but two people with knowledge of the matter told TechCrunch the Indian startup was valued at over $70 million. Two-year-old Simsim had raised about $17 million prior […]

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Lenskart valued at $2.5 billion following $220 million investment from Temasek and Falcon Edge Capital

Temasek and Falcon Edge Capital have led a $220 million investment in Indian omni-channel eyewear retailer Lenskart, valuing the Bangalore-based startup at $2.5 billion. The new investment, which includes primary and secondary transactions, is part of a new round Lenskart unveiled a month ago when it raised $95 million from […]

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With open banking on the horizon, the fintech-SME love story is just beginning

Lee Li Contributor Share on Twitter Lee Li is a project manager and B2B copywriter with a decade of experience in the Chinese fintech startup space as a PM for TaoBao, MeitTuan and DouYin (now TikTok). The fintech sector has been hugely successful (and hugely profitable) for much of the […]

Indian financial services firm MobiKwik looks to raise $255 million in IPO

Gurgaon-based mobile wallet service firm MobiKwik plans to raise up to $255 million in an initial public offering, becoming the latest Indian startup to explore the public markets. The 12-year-old firm, which counts Sequoia Capital India and Abu Dhabi Investment Authority among its investors and has raised about $250 million […]

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Twitter appoints resident grievance officer in India to comply with new internet rules

Twitter has appointed a resident grievance officer in India days after the American social media firm said to have lost the liability protection on user-generated content in the South Asian nation over non-compliance with local IT rules. On Sunday, Twitter identified Vinay Prakash as its new resident grievance officer and […]

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Indian tech startup exposed Byju’s student data

India-based technology startup Salesken.ai has secured an exposed server that was spilling private and sensitive data on one of its customers, Byju’s, an education technology giant and India’s most valuable startup. The server was left unprotected since at least June 14, according to historical data provided by Shodan, a search […]

Sequoia Capital India unveils fifth group of startups for Surge

Sequoia Capital India has selected 23 early-stage startups for its fifth cohort of Surge, its accelerator program for India and Southeast Asia, at a time when dealflow activity is at its peak in the region. The new cohort, Surge’s largest to date, have collectively raised $55 million, the storied investment […]