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India, a major player in the global automotive industry, has started focusing on transitioning to alternative fuels to curb pollution after expanding its consumer and vehicle bases and adding local manufacturing facilities over the past two decades.
Only about a third of the yields Indian farmers produce reaches the big markets. The round was led by Quona Capital , a venture firm that focuses on fintech in emerging markets. Our belief is that we should cater to the two-thirds of the market that are currently underserved. Everyone else is missing out.
Google and Indian telecom company Jio Platforms finally unveiled their budget smartphone for India on Friday, the JioPhone Next. The phone is designed as an affordable 4G device to serve “the unique needs of the Indian consumer,” Android India engineering lead Ram Papatla said in a blog post. The phone has a 5.45-inch
The second-largest company in India by market cap, it has more than 616,000 employees worldwide. The grim prediction comes from K Krithivasan, head of Indian IT giant Tata Consultancy Services (TCS). Read Entire Article
million as the Bangalore-based startup chases the opportunity to digitize neighborhood stores in the world’s second-largest internet market. Jumbotail said it serves more than 30,000 neighborhood stores (popularly known in India as kiranas) in the country. in India’s Reliance Jio Platforms. Facebook invests $5.7B
Sequoia India is in advanced stages of deliberations to invest over $50 million in K12 Techno Services, a startup that offers a range of services to education institutions and also runs its own chain of schools, doubling down on a firm that it first backed over a decade ago, two sources familiar with the matter told TechCrunch.
The world’s largest smartwatch market is about to get two new smart rings. While wrist-worn wearables are still wildly popular in India, a pair of domestic manufacturers are banking on consumers who are meticulous about health and sleep tracking but are less interested in the form factor. India also recently surpassed the U.S.
DeHaat, an online platform that offers full-stack agricultural services to farmers in India , has raised $115 million in what is the largest funding round for an agritech startup in India, where farm produce yields two-thirds of the country’s $1 trillion in annual retail spending. DeHaat has grown 5x in the past seven months, he said.
“We think it will be the best place to invest,” said Shleifer of India at his rare appearance. “We think it will be the best place to invest,” said Shleifer of India at his rare appearance. The New York-headquartered firm, which counts India among its top three markets globally, has deployed over $6.5
In case you’ve not been paying attention, we’ll say it again: The global venture capital industry is on fire. The United States’ startup market had a huge Q2, and investors don’t expect the pace to slow in the country. The Exchange explores startups, markets and money. India is another good example of this trend.
How Klaviyo used data and no-code to transform owned marketing (3,000 words/12 minutes). Marketing in 2021 is emotional and not just transactional (2,200 words/9 minutes). India is in crisis. India’s entrepreneurs and investors are mobilizing to help the nation fight COVID-19 — and you can too. And finally.
The Singapore-based startup announced today it has raised a $12 million Series A led by Sequoia Capital India, with participation from Trail Mix Ventures and Alteria Capital. There are more marketplaces and digital forwarders emerging in different markets, and part of Freightify’s competitive strategy is selling a SaaS product.
Sequoia Capital India and Southeast Asia disclosed 15 early-stage startups it has selected for the seventh cohort of its accelerator program Surge, pushing ahead with new investments even as the deal activity has considerably slowed in the region. and European markets, Sequoia said. Surge 07 is no exception.
UrbanPiper, a restaurant management platform that processes 18% of all online food orders in India, has raised $24 million in a new financing round from a number of investors including Swiggy and Zomato, the three firms said Monday. UrbanPiper has also expanded to seven nations outside of India, including some in MENA and EU regions.
The Open Network for Digital Commerce, an Indian government-backed initiative that is attempting to “democratize” e-commerce , has set its eyes on another industry it would like to disrupt. India government-backed open e-commerce network expands to mobility by Manish Singh originally published on TechCrunch
One Impression, an Indian influencer marketing platform that does business in markets including Indonesia, Dubai, Europe and the U.S., The Gurugram-based startup is building an Amazon-like platform to help brands quickly find relevant influencers for their marketing campaigns.
million in seed funding from Sequoia Capital India. Its previous funding was a $2 million raise from Sequoia Capital India’s Surge announced in March after Outplay took part in the program’s fourth cohort. The two previously launched AppVirality , a referral marketing tool for app developers.
Amazon is adding its next high-profile celebrity voice option for its Alexa digital assistant, this time an exclusive for the Indiamarket. India is a key growth market for Amazon outside the US, as the e-commerce platform is most popular in Germany and other European countries at the moment. billion people.
Boat, an electronics and lifestyle startup in India, has raised $100 million in a new financing round that many independent investors termed as the most successful hardware startup story in the world’s second-largest internet market. There aren’t many hardware startups in India. and AirPod-like earbuds at $27.
On a clear afternoon, Laxmi (name changed) was sitting in her office in Gujarat, India, when she received a message from her distant relative, saying that they received some of her “morphed” nude photos from multiple phone numbers on WhatsApp along with a text that reads, “loan thief.”
Prismforce, an India-U.S. million in a Series A round led by Sequoia Capital India. But finding those employees from the ever-growing talent market and deploying them effectively to get adequate results is one of the most significant pain points for the industry worldwide. domiciled companies. and Europe.
Two-wheelers have long been a cornerstone of life in India — their smaller size and affordability make these traditionally gas and diesel-powered vehicles a go-to means of navigating the traffic-jammed streets of the country’s most populous cities. River’s launch comes at a fruitful yet fiercely competitive moment in India.
The Indian capital market regulator has moved Digit’s IPO application to “abeyance,” it said in what is a disappointing development for the online insurer’s plan to go public. Indian market regulator puts insurer Digit’s $440 million IPO in ‘abeyance’ by Manish Singh originally published on TechCrunch.
The 12-year-old startup, which counts SoftBank Group’s Vision Fund and Tiger Global among its investors, is among a handful of startups that is attempting to upend India’s insurance market , which is largely commanded by state and bank-backed insurers. In India only a fraction of the nation’s 1.3
For most people in India, having to engage with banks doesn’t instill a sense of joy. Banks in the South Asian market are notorious for making unannounced spam calls to upsell customers loans and credit cards, even when they have been explicitly asked not to do so. A snapshot of the reach of banks and fintech startups in India.
India’s central bank has enforced several measures to cool down high growth in consumer credit in a move that will impact consumer spending and many startups in the South Asian market, industry executives said.
Krafton, the brand behind some of the world’s most popular video games, says it has already deployed the $100 million it had committed to the Indian market two years ago in the South Asian nation and is gearing up to launch several new titles in the country. Krafton’s investments in India so far.
Once overlooked, agritech startups are beginning to have a moment in India. RTP Global and existing investors Sequoia Capital India, FMO, Omnivore and AgFunder also participated, bringing the startup’s to-date raise to over $46 million. Agritech startup DeHaat raises $12M to reach more farmers in India.
After a four-and-a-half-year ban, Shein, the Chinese fast-fashion giant, is making a comeback in India a market it was abruptly shut out of in 2020 alongside more than 200 other Chinese apps. Shein’s re-entry into the country could further invigorate India’s textile industry.
In 2014, Prayank Swaroop made a pitch to the storied venture firm Accel, where he worked as an associate, about future marketplaces in India. At the time, Flipkart and Snapdeal were the only two e-commerce startups in India that had shown a semblance of scale. India’s Sensex — the local stock benchmark — remains up 3.4%
Mobile Premier League (MPL) has raised $95 million in a new financing round, just five months after it secured $90 million as the two-and-a-half-year-old Bangalore-based esports and gaming platform looks to grow in international markets. The app, which has amassed more than 60 million users in India and 3.5
India is the second largest demographic represented in the new batch. The world’s second largest internet market has delivered 43 startups in the new batch, another record figure in the history of the storied venture firm. For companies in India, founders no longer have to spend three months away from their customers or teams.
The funding is coming at a high-watermark moment for edtech — with the shift to remote learning in the last year of pandemic living highlighting the opportunity to build better tools to serve that market, and a number of startups in the category subsequently raising hundreds of millions of dollars to tackle the opportunity.
VerSe Innovation, the parent firm of popular news aggregator Dailyhunt and short video app Josh, said on Thursday it has raised over $450 million in a new financing round, just five months after securing $200 million , as the Indian startup looks to expand its offerings to international markets. India’s ShareChat valued at $2.88
Its customers — there are over 250 of them, up from 100 a year ago — operate across two-dozen industries (including process plants, oil & gas, steel, aerospace, medical devices, apparel and luxury goods) in the infrastructure space, and approach Zetwerk with digital designs they wish to be translated into physical products.
The two firms didn’t disclose the size of the investment, but the Sequoia Capital India-backed startup said the deal will “make an impactful contribution to the industry and drive adoption and financial growth for underserved small businesses in the next twelve months.” and several other developed markets. .”
Xpressbees, an Indian logistics firm that works with several e-commerce firms in the country, said on Monday it has raised $110 million in a new financing round as online shopping booms in the world’s second largest internet market. ” said Niren Shah, managing director and head of Norwest Venture Partners in India, in a statement.
Indian electric mobility startup Magenta Mobility has closed a $22 million Series A1 round, backed by $11 million each from Morgan Stanley India Infrastructure and BP Ventures. First mover advantage India has become a fast-growing EV market, with 2.64 First mover advantage India has become a fast-growing EV market, with 2.64
CRED, founded by Kunal Shah, has become one of the most talked-about startups in India, in part because of the pace at which its valuation has soared. If the new deal goes through, CRED will be the fastest startup in the world’s second-largest internet market to attain a $2 billion valuation.
The data and research organisation uses factors like performance, capital, market reach, connectedness, talent, and knowledge to produce its rankings. Startup ecosystems from emerging markets excluding China and India didn’t make the organisations’ top 40 list last year. ” It doesn’t end there.
India’s Razorpay becomes unicorn after new $100 million funding round. Cashfree is also working on building cross-border payments solutions to explore opportunities in emerging markets, he said. “We
Industry veteran Jitendra Gupta’s neobank for consumers in India — Jupiter — has raised $45 million in a new financing round as the Bangalore and Mumbai-based startup gears up for its platform’s public launch in about a month. Jupiter has built a neobank for consumers in India.
The California-based firm, which started its journey in India and rivals Salesforce, said it plans to sell 28.5 Freshworks, which counts Accel, Sequoia Capital India, Tiger Global and CapitalG among its existing investors, develops and offers a variety of business software tools, from CRM to help-desk software.
An Indian startup that operates a business-to-business marketplace for manufacturing items is the latest to attain the coveted unicorn status in the South Asian market. India’s Zetwerk raises $120 million to scale its B2B marketplace for manufacturing parts. India poised for record VC year as unicorns head for decisive IPOs.
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