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Apple manufacturer Foxconn has started building iPhone 11 units in a facility near Chennai in India, TechCrunch reported , the first time Apple has made one of its top-tier phones in that country. India was the second-biggest smartphone market in the world in 2019, ahead of the US and second only to China.
Telecom operators in India, the second largest wireless market, would like internet companies to compensate for using their networks, a recommendation they’ve made to the local regulatory body, echoing a viewpoint that is gaining some momentum in other parts of the world.
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.
Beyond the local shelters it’s perhaps best known for, the group works on behalf of animals to combat wildlife trafficking, factory farms , and animal testing, among other causes, globally. The Humane Society of the United States is going global. “It is both a name and a vision. .” Sia performs on Jimmy Kimmel Live!
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.
Manish Maheshwari, the former head of Twitter India who recently moved to San Francisco to work at a different division within the company, is leaving the firm to launch an edtech startup, according to nine people familiar with the matter. The former Twitter India head moved to the U.S.
Workers at an iPhone production plant in India reportedly smashed windows and set fire to vehicles to protest reductions in pay, the Times of India reported. A local official told the Express that police were investigating the incident. Apple began assembling iPhones in India in 2017, where it tops the premium smartphone market.
Foxconn and Wistron already have several factories in India that are tasked with building older generation iPhones for the localmarket and the EU. According to a Bloomberg report, Pegatron -- who is the second-largest Apple contractor for iPhone manufacturing -- is now looking to set up its first plant.
Andreessen Horowitz and Coinbase Ventures have minted a new unicorn in India: CoinSwitch Kuber. This is a16z’s first investment in India. Existing investors Tiger Global and Sequoia Capital India also participated in the new round, which is also the largest for a cryptocurrency startup in India.
Now China’s embassy in India is saying that all of these investigations that India is doing into Chinese firms are bad for business. Perhaps, or maybe it is India being cautious. was faring during the global venture capital market slowdown. The TechCrunch Top 3.
“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
My 8 day visit to India was a whirlwind. The Nasscom Foundation in India, the epicenter of nonprofit technology and social innovation, invited me to present as part of the Global CSR track in a session about reaching the Bottom of the Pyramid with technology and social media. I'm still recovering. No wonder I am still tired!
Recently, Social Misfits Media’s Community Manager, Angharad Francis, interviewed the brilliant Pushpa Aman Singh, Founder of GuideStar India. In this interview, Pushpa discusses her journey prior to founding GuideStar India, her role in helping NGOs and how WhatsApp is driving strong communication among stakeholders.
Nvidia has approached the Indian government to explore the development of a new AI chip tailored to the local technology market. According to a report from The Economic Times, Nvidia founder Jensen Huang proposed the project to leverage India's highly skilled workforce in chip design. Read Entire Article
million through issue of new shares in an initial public offering in the home market, it said in a draft prospectus filed with the localmarkets regulator Friday. Indian financial services startup MobiKwik seeks to raise about $84.2 This is the second time MobiKwik has filed the paperwork for an IPO. All rights reserved.
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.
Google said on Tuesday it is investing in two Indian startups, Glance and DailyHunt, as the Android-maker makes a further push into the world’s second-largest internet market. The service replaces the otherwise empty lock screen with locally relevant news, stories and casual games. Investment in DailyHunt.
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.”
million funding in Produze, an Indian startup that is attempting to help local agri producers sell to international retailers, the latest in a series of bets as investors and entrepreneurs look to bring efficiency to supercharge one of the world’s largest agri producers. Accel has led a $2.6 “Typically, only 0.5%
Now a young startup, Emitrr , is aiming to bring the benefits of this model to small and local businesses in the U.S. “We essentially are a business text messaging software and an automation software for local businesses in the U.S.,” Oberoi said that people in many markets including the U.S., use its platform.
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.
But long before it began talking about the business, Zepto had captured immense interest from the local startup community as people began voicing their opinion about the business. Aadit Palicha and Kaivalya Vohra had returned to India for a break shortly before the pandemic engulfed the nation.
Gogoro is branching out of home country Taiwan in the biggest way yet, as it just announced a partnership with major two-wheeler manufacturer Hero MotorCorp to bring its swappable battery and scooter tech to India. Electric vehicles could help eat away at some of India’s pollution, and Tesla is even wading into the market.
Una, one of the largest e-commerce aggregators in Asia, has already established its presence across Asia, including Singapore, Australia, India, China, Indonesia, Malaysia and Taiwan, since its launch in 2021. . The e-commerce market of South Korea is expected to increase up to $250 billion by 2025.
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.
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%
In a statement, the central bank said that it had taken the decision to ensure competition in the payment system market. The suspension in WhatsApp’s second biggest market is the latest setback for Facebook’s payment ambitions. The suspension in WhatsApp’s second biggest market is the latest setback for Facebook’s payment ambitions.
The final piece of my four-part guide to expanding a business into Asia is tailored more towards local startups and a big issue that affects many of them: raising funding from investors. If your business is based in Asia, despite a potentially tougher hill to climb, you’re still much more likely to be successful raising funds locally.
The key investors to keep tabs on are, for the most part, concentrated in four primary markets: China. Of course, to land any funding, you typically have to be based there and focused on the Chinese market. In other words, you don’t see Silicon Valley bigwigs in Japan, but they’re all over India and China.
Shares of Delhivery hit an all-time low of 317 Indian rupees ($3.88) Wednesday, cutting its market cap to $2.8 At the current share price, Delhivery’s market cap has shrunk to $2.8 Indian fintech giant Paytm, which hit an all-time low Tuesday , slid further to as low as 452 Indian rupees Wednesday, cutting its market cap to $3.6
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.
Indian officials advised Tesla to follow Apples example of seeking local partners if it plans to collaborate with Chinese suppliers on its plan for a new plant in India, Reuters has reported, citing government sources with direct knowledge of the matter. Reuters ]
DealShare, a startup in India that has built an e-commerce platform for middle and lower-income groups of consumers, said on Tuesday it has raised $21 million in a new financing round as it looks to expand its footprint in the world’s second-largest internet market. We focused on locally produced items instead of national brands.
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.
Rahul Varshneya is the co-founder of Arkenea , a company committed to helping entrepreneurs and businesses build, market and monetize their mobile apps. Many ventures exist which essentially do the same thing, but with localization. For example, SnapDeal is a Groupon clone in India with localized content and features.
Founded in India, HealthifyMe is betting that users around the world will prefer its range of customizable health programs. The Bangalore-based company announced today it has closed a $75 million Series C from LeapFrog and Khosla Ventures, with plans to grow its user base in India, Southeast Asia and North America. Today in the U.S.,
A congruence of factors in India — notably, climate change policies, fuel costs and skyrocketing demand for e-commerce — has set up ideal conditions for startups like all-electric commercial vehicle startup EVage. Finding a way to make production cheaper is vital for scaling, and the opportunity and demand for scaling EVs in India is massive.
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
India’s Money View is in talks to raise a new round of funding at a unicorn valuation, two sources familiar with the matter told TechCrunch, in a boost to the local fintech community that has been rattled by the central bank’s stringent guidelines and funding crunch in recent months.
Local TV channel ET Now reported last year that Google was in talks to acquire ShareChat. Twitter and Snap, on the other hand, are struggling to gain users beyond urban cities in the world’s second-largest internet market. in India’s Reliance Jio Platforms. Days later, the company invested $4.5
Tens of thousands of students and professionals move out of India each year to pursue higher education and for work. Even after spending months in a new country, they struggle to get a credit card from local banks, and end up paying a premium to access a range of other financial services. Banks in the U.S., Banks in the U.S.,
Reliance Retail has led a $240 million funding round in Google-backed hyperlocal delivery startup Dunzo as the largest Indian retail chain expands to the instant commerce space, a category that has made inroads in the South Asian market in recent quarters. Reliance Retail is investing $200 million in the round for a 25.8%
Multiplier , a startup that enables companies to hire and pay remote workers while complying with local laws, announced today that it has raised a $60 million Series B at a valuation of $400 million. The round was co-led by Tiger Global and Sequoia Capital India, and brings Multiplier total investment since it was founded in 2020 to $77.2
This is why the making of accessible books is a classic example of market failure: if publishers could make a lot of money selling braille, large print, audio, and fully accessible textbooks, we wouldn’t need a copyright exception. The biggest challenge for access is that it’s expensive. It’s expensive to make braille books. So, in the U.S.,
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