Oyo Valuation Plummets Over 75% in Latest Funding Round
Oyo’s valuation has dropped from $10 billion to $2.4 billion in the latest funding round, according to TechCrunch The startup, headquartered…
Ola Electric Rises 20% in India’s Top Listing
On Friday, Ola Electric, India’s leading electric two-wheeler manufacturer, experienced a 20% increase on its public debut, marking the…
EtherealX India Invests $5M in Reusable Launch Vehicles
EtherealX, an Indian space startup, secured $5 million in seed funding to develop fully reusable medium-lift launch vehicles, aiming to make…
Apple Cuts iPhone Price in India
Following a reduction in import duties in the South Asian market, Apple has reduced its iPhone price variants in India by 3-4% The price…
India Abolishes ‘Angel Tax’ to Support Startups
The federal government of India has eliminated the controversial “angel tax” for all classes of investors, a significant victory…
Wipro Drops After Q1 Results Raise Growth Concerns
On Monday morning, Wipro shares experienced the largest decline over four years as investors penalized India’s fourth-largest IT…
Paytm Losses Grow, Revenue Falls Amid Regulations
Paytm, the Indian fintech giant India Warn Parties to Shun Deepfakes in Elections, faces mounting challenges as its losses widen and revenue…
Nokia Profit Drops 32%, Demand Expected to Improve
On Thursday, Finnish telecom equipment company Nokia said that its second-quarter operating profit plummeted 32% due to sluggish 5G telecom…
Google Backs Indian Open-Source Rival to Uber
Google has invested in Moving Tech, the parent company of Namma Yatri, an Indian open-source ride-sharing app gaining market share from Uber…
TCS Shares Surge on Q1 Results
After India’s leading IT services provider reported first-quarter earnings that showed early hints of resurgence for a sector struggling…
WhatsApp: Businesses Can Send Auth Codes to Indian Users
WhatsApp now allows businesses to send authentication and login codes to Indian users via its API, since July 1 Last year, Meta enabled…
India’s Koo, a Twitter Alternative, to Cease Operations
Homegrown microblogging platform Koo, which had advertised itself as an alternative to X, has abruptly terminated its services, leaving…
Indian Officials Visit Foxconn, Question Hiring
An official said Indian labor inspectors visited a Foxconn factory in the south this week and questioned executives about the company’s…
Zepto Raises $665M, Valued at $3.6B
In less than a year, Mumbai-based Zepto has raised $665 million, more than doubling its valuation to $3.6 billion from $1.4 billion, with the…
India’s Financial Intelligence Fines Binance $2.2 Million
Binance has been taken a blow as India’s financial intelligence unit fines them $2.2 million for not following the country’s…
Oyo Rooms Securing New Funding Worth Up to $2.5 Billion
Oyo Rooms, an Indian budget hotel chain startup, is currently working on securing more funding worth about $2.5 billion. Two individuals who…
Binance Ends P2P Cash Payment Option in India
Crypto traders in India can no longer make cash transactions, avoiding tax payments as Binance ends P2P payments. For peer-to-peer (P2P)…
Indian Zypp Electric Gains Funding for Expansion
Indian initiation Zypp Electric intends to expand its electric vehicle rental service into Southeast Asia early next year using new capital…
Oyo Pulls Out of IPO Application to SEBI Again
An Indian budget hotel chain, Oyo pulls out of IPO application to the Securities and Exchange Board of India (SEBI) for a second time. A new…
Google-Airtel Partnership in India for AI, Cloud Services
Google-Airtel partnership in India to provide some generative AI and Cloud services/ products to locals in the country. Airtel, the…