India’s Neysa bags $30M to compete with global AI hyperscalers
Even though India isn’t at the forefront of the global AI innovation battle, demand for AI in the country is growing as businesses seek efficiencies and tech companies promote AI…
Groww pays $160M tax as it returns to India amid a startup relocation wave
Indian stock trading and mutual fund startup Groww paid $159.4 million in taxes as it shifted its domicile from the U.S. back to India, the company said in a statement…
India backs Musk in satellite spectrum allocation row
The long-running debate over how satellite spectrum would be allocated in India appeared to reach an important milestone on Tuesday: India announced it would allocate spectrum for satellite services through…
Byju’s founder says his edtech startup, once worth $22B, is now ‘worth zero’
Byju Raveendran, the founder of the embattled edtech group Byju’s, acknowledged on Thursday afternoon that he made mistakes, mistimed the market, and that his startup, once valued at $22 billion,…
Zepto eyes $100M from Indian offices in third funding in 6 months
Zepto is in advanced stages of talks to raise $100 million in new investment, its third in the last six months, as the leading Indian quick commerce startup looks to…
Accel eyes stake in India’s Truemeds at $330 million valuation
According to half a dozen sources, Accel, the global venture firm, is in advanced discussions to lead a funding round of $30 million to $40 million in Truemeds, an Indian…
Table Space eyes $2.5B valuation in India IPO
Table Space, an Indian managed workspace provider, is targeting a valuation of $2.5 billion or more for an IPO planned for next year, sources familiar with the matter told TC.…
India’s Star Health confirms data breach after cybercriminals post customers’ health data online
Star Health and Allied Insurance, one of the largest health insurance firms in India, has confirmed it was the target of a “malicious cyberattack,” some two weeks after cybercriminals claimed to…
India regulator issues notice to Ola Electric over consumer rights concerns
The Central Consumer Protection Authority, India’s consumer rights regulator, has sent a show-cause notice to Ola Electric over alleged violation of consumer rights, escalating troubles for the leading electric vehicle…
Ola Electric stock tumbles as complaints ratch up, and market share erodes
Indian electric vehicle maker Ola Electric’s customers aren’t happy with its service and scooters, and it’s affecting the company’s stock and market share. The company’s shares fell by as much…