Latest from Manish Singh
Ola Electric, India’s largest electric two-wheeler maker, saw its shares rise as much as 20% on its public debut on Friday, making it the biggest listing among Indian firms in…
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Amazon is fumbling in India
Amazon’s decision to overlook quick-commerce in India is now looking like a significant misstep.
Reliance, India’s largest conglomerate, reduced its workforce by 11%, or more than 42,000 people, in the financial year ended March 2024.
Manish Tiwary, the head of Amazon’s India operations, is leaving the firm “to pursue an opportunity outside of the company” as the U.S. e-commerce giant grapples with mounting pressure from…
India’s fast-growing quick commerce market is getting a new deep-pocketed entrant: Walmart-owned Flipkart, India’s largest e-commerce firm. Flipkart has started to roll out Flipkart Minutes, its quick commerce service, in…
Payments infrastructure firm Infibeam Avenues has acquired a majority 54% stake in Rediff.com for up to $3 million, a dramatic twist of fate for the 28-year-old business that was the…
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Indian startups gut valuations ahead of IPO push
Ola Electric and FirstCry are set to test investor appetite with public listing, both pricing their shares below their previous valuation asks.
Alex Cook, a partner at Tiger Global who oversaw some of its largest fintech investments and India deals, is departing the firm after a tenure of nearly seven years, three…
Bike-taxi startup Rapido, which counts Swiggy among its investors, is the latest Indian firm to become a unicorn.
Indian cryptocurrency exchange WazirX announced on Saturday a controversial plan to “socialize” the $230 million loss from its recent security breach among all its customers, a move that has sent…
Apple has reduced prices of its iPhone models in India by 3-4% following a cut in import duties in the South Asian market.
CRED, an Indian fintech startup, has rolled out a new feature that will help its customers manage and gain deeper insights into their cash flow, as the startup seeks to…
India’s federal government has removed the so-called angel tax for all classes of investors, delivering a major victory to the country’s startup ecosystem that had lobbied for years against the…
WazirX, one of India’s largest cryptocurrency exchanges, has “temporarily” suspended all trading activities on its platform days after losing about $230 million, nearly half of its reserves, in a security…
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Faulty CrowdStrike update causes major global IT outage, taking out banks, airlines and businesses globally
Security giant CrowdStrike said the outage was not caused by a cyberattack, as businesses anticipate widespread disruption.
Indian fintech Paytm’s struggles won’t seem to end. The company on Friday reported that its revenue declined by 36% and its loss more than doubled in the first quarter as…
The Mumbai-based firm said one of its multisig wallets had suffered a security breach, and it was temporarily pausing all withdrawals from the platform.
Adtech startup InMobi is eyeing a valuation of about $10 billion in an initial public offering it is planning for next year.
An Indian court has initiated insolvency proceedings against edtech giant Byju’s, once-valued at $22 billion.
Google has become one of the latest investors in Moving Tech, the parent firm of Indian open source ridesharing app Namma Yatri that is quickly capturing market share from Uber…
Reliance Industries, India’s most valuable company, may consider spinning off its telecom arm Jio for a public listing as early as 2025, Jefferies said in a research note, with investors…
Apple has issued a new round of threat notifications to iPhone users across 98 countries, warning them of potential mercenary spyware attacks. It’s the second such alert campaign from the…
For over a decade, real-money gaming companies and fantasy sports startups have marketed themselves as video game companies. But as these businesses face increasing regulatory scrutiny, a coalition of more…
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Investors chase wealth tech startups in India as affluent class grows
The high-net-worth and ultra-high-net-worth segments are booming in India, prompting some wealth management firms to aggressively expand their relationship manager networks to capture this market.
Airtel, India’s second-largest telecom operator, on Friday denied any breach of its systems following reports of an alleged security lapse that has caused concern among its customers. The telecom group,…
CoinDCX, India’s leading cryptocurrency exchange, is expanding internationally through the acquisition of BitOasis, a digital asset platform in the Middle East and North Africa, the companies said Wednesday. The Bengaluru-based…
The Indian social media platform Koo, which positioned itself as a competitor to Elon Musk’s X, is ceasing operations after its last-resort acquisition talks with Dailyhunt collapsed. Despite securing over…
Unacademy is slashing another 250 jobs in latest round of cuts as Indian edtech sector continues to struggle.Q
Matrix is rebranding its India and China affiliates, becoming the latest venture firm to distance its international franchises. The U.S.-headquartered venture capital firm will retain its name, while Matrix Partners…
Reliance Jio and Airtel, the two largest telecom operators in India, have initiated what analysts expect to be an industrywide increase in tariffs in the world’s second largest wireless market,…
