Delhivery, India’s largest independent e-commerce logistics startup, has raised $277 million in what is expected to be the final funding round before the firm files for an IPO later this year. In a regulatory filing, the Gurgaon-headquartered startup disclosed it had raised $277 million in a round led by Boston-headquartered investment firm Fidelity. Singapore’s sovereign…
Read more
India has asked social media firms to provide specific details about whether they have complied with its new IT rules “as soon as possible” and “preferably today” even as the new regulations are being challenged by WhatsApp. In a letter to “significant social media intermediaries” — which New Delhi defines as social media firms with over…
Read more
Three months after air transport data giant SITA reported a data breach, we are still learning about the damage. Air India said this week that personal data of about 4.5 million passengers had been compromised following the incident at SITA, Indian flag carrier airline’s data processor. The stolen information included passengers’ name, credit card details,…
Read more
The Indian government has expressed strong objection to Twitter for classifying certain tweets by Indian politicians as “manipulated media,” according to a notice leaked to journalists Friday. The incident comes hours after Twitter labeled a tweet from Sambit Patra, the spokesperson of India’s ruling party BJP, as “manipulated media.” In the tweet, Patra had claimed…
Read more
Walmart-backed Indian payments services firm PhonePe is in advanced stages of talks to acquire Samsung-backed Indus OS, a startup that operates an eponymous third-party Android app store, a source familiar with the matter told TechCrunch. The deal values Noida-headquartered Indus OS at $60 million, the source said, requesting anonymity as the matter is private. The…
Read more
One. That’s the number of African tech companies that have gone public on the NYSE in the last 10 years. Two, if you’re counting local exchanges. The former is African-focused e-commerce company Jumia and the latter is Egyptian fintech company Fawry. As a tech company, Fawry’s listing on the Egyptian Stock Exchange is a rarity.…
Read more
Indian e-commerce giant Flipkart has hit the market to raise about $1 billion at up to $30 billion valuation in a pre-IPO financing round, two people familiar with the matter told TechCrunch. The Bangalore-based startup, which sold majority stake to Walmart in 2018, began exploring funding opportunities with some investors earlier this year. In recent…
Read more
Tech investments in emerging markets have been in full swing over the past couple of years and their ecosystems have thrived as a result. Some of these markets like Africa, Latin America, and India, have comprehensive reports by publications and firms on trends and investments in their individual regions. But there’s hardly a report to…
Read more
Krafton, the South Korean video game developer of PUBG Mobile, said on Thursday that it is bringing back the popular gaming title to India under the brand name Battlegrounds Mobile India. The new title, which uses the color scheme of the Indian flag, will offer “a world class AAA multiplayer”, free-to-play gaming experience on mobile…
Read more
My mom cuts to the chase when she is describing my beat to others. In her words, I cover companies like Uber before they become companies like Uber. And honestly? I can’t exactly disagree with the description. The best feeling in tech journalism is telling a story about a startup before it becomes a household…
Read more