Taiwan’s Gogoro kicks off entry into India with battery swapping and electric two wheelers

Taiwanese electric scooter maker Gogoro introduced Tuesday a battery-swapping network and three smartscooters to India, marking the company’s official entry into the world’s most populous country and biggest two-wheeler market. …

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India’s top VCs face fresh obstacles as startup investment plummets

High-flying venture investors in India managing hundreds of millions of dollars are tempering expectations, making early-stage startup bets that in best-case scenarios they hope will return 3 to 5 times…

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India’s Paytm curbing low-value personal loans spells bad news for the industry

Indian financial services firm Paytm sent shockwaves through the industry on Wednesday after it disclosed that it plans to issue fewer personal loans under 50,000 Indian rupees ($600) in a…

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Goldman Sachs-backed ZestMoney, once valued at $450M, to shut down

ZestMoney, a buy now pay later startup whose ability to underwrite small ticket loans to first-time internet customers attracted many high-profile investors including Goldman Sachs, is shutting down following unsuccessful efforts…

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Byju’s expects minimal or no fine from India’s forex rule violation allegation

Byju’s said on Wednesday that recent accusations by India’s crime-fighting agency regarding a breach of the nation’s foreign exchange rule are “solely technical” in nature and the startup anticipates that…

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