Peak XV takes startups on a Silicon Valley trip in AI push
Peak XV, the venture capital firm that split from Sequoia Capital last year, is taking its portfolio companies from India, Southeast Asia and Australia on an “immersion” trip to Silicon…
Indian parliamentary panel red-flags PhonePe and Google Pay cornering 83% of India’s UPI payments amid Paytm clampdown
An Indian parliamentary panel has urged the government to support the growth of domestic fintech players that can provide alternatives to the Walmart-backed PhonePe and Google Pay apps that currently…
Indian central bank defends ‘proportionate’ action on Paytm
India’s central bank said Thursday it takes supervisory actions and imposes business restrictions only after “persistent non-compliance” with rules, its first comment after a clampdown on Paytm last week has…
Attentive.ai snags $7M to boost automation in landscaping, construction services
Attentive.ai, a startup building vertical software for landscaping and construction services in the U.S., has raised $7 million in a new funding round as it looks to enhance its AI-led…
Meesho taps micro-entrepreneurs to plug gaps in India’s supply chain network
India is one of the fastest growing economies, yet its supply chain system remains antiquated, operating much as it did decades ago. The logistics sector is highly fragmented, with a…
Microsoft CEO Nadella on AI LLM race: ‘We are waiting for competition to arrive’
Microsoft’s prescient bets and aggressive investments in AI have propelled the software giant to become the world’s most valuable company. Yet Satya Nadella, its typically reserved chief executive, couldn’t resist…
Yamaha Motor fuels River’s ambitious electric SUV two-wheeler rollout in India
River, an Indian startup manufacturing electric two-wheelers, has raised $40 million in a funding round led by Japan’s Yamaha Motor as the nearly three-year-old startup looks to increase R&D spending…
Jio Financial says not in talks to acquire Paytm’s wallet business
Reliance Industries-spin off Jio Financial Services said Monday evening that it is not negotiating with Paytm to acquire the Noida-headquartered firm’s wallet business. Jio Financial Services termed the media reports…
India’s Paytm is in flux
Shares of Paytm plunged 10% on Monday, the third consecutive session of declines, touching an all-time low of 438.35 Indian rupees (or $5.28) after the RBI’s clampdown last week looks…
Byju’s says investors don’t have voting right to remove founder from edtech group
After months of private tussle, Byju’s and some of its largest investors are now taking their fight public. Byju’s, once India’s most valuable startup, said Friday its investors do not…
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