Category: india

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July 9, 2019

India’s NiYO ‘neo-bank’ raises $35M to help blue-collar workers access financial services

NiYo Solutions, a Bangalore-based ‘neo-bank’ that helps salaried employees and blue-collar workers access company benefits and other financial services, has raised $35 million in a new funding round to expand its business in the nation and explore international markets for some of its products. The...


by Manish Singh in Apps
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July 3, 2019

Reliance Jio partners with Facebook to launch literacy program for first time internet users in India

Mukesh Ambani, India’s richest man, has enabled tens of millions of people — if not more — to come online for the first time with his disruptive telecom network. He has changed how many Indians, once thrifty about each megabyte they spent browsing the internet,...


by Manish Singh in Akash Ambani
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July 1, 2019

Atlan raises $2.5M to stop enterprises from being so bad at managing data

Even as much of the world is digitizing its governance, in small towns and villages of India, data about its citizens is still being largely logged on long and thick notebooks. Have they received the subsidized cooking gas cylinders? How frequent are the power cuts...


by Manish Singh in Asia
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June 26, 2019

India’s Unacademy raises $50 million to grow its online learning platform

Big money continues to flow in India’s growing education market. Bangalore-based Unacademy, which operates an online learning platform to help millions prepare for competitive exams in India, has raised $50 million to further scale its reach. The Series D financing round was led by Steadview...


by Manish Singh in Apps
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June 3, 2019

With iOS 13, Apple delivers new features to court users in India

Apple has finally listened to its small, but slowly growing user base in India. The iPhone-maker today announced a range of features in iOS 13 that are designed to appease users in the world’s second largest smartphone market. First up, the company says its Siri voice...


by Manish Singh in alibaba
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May 30, 2019

Alibaba pumps $100 million into Vmate to grow its video app in India

Chinese tech giant Alibaba is doubling down on India’s burgeoning video market, looking to fight back local rival ByteDance, Google, and Disney to gain its foothold in the nation. The company said today that it is pumping $100 million into Vmate, a three-year-old social video...


by Manish Singh in alibaba
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May 29, 2019

Under-the-radar payments app True Balance just clocked $100M in GMV in India

Away from the limelight of urban cities, where an increasingly growing number of firms are fighting for a piece of India’s digital payments market, a South Korean startup’s app is quietly helping millions of Indians pay digitally and enjoy many financial services for the first...


by Manish Singh in Amazon
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May 21, 2019

ByteDance, TikTok’s parent company, plans to launch a free music streaming app

Does the overcrowded and cut-throat music streaming business have room for an additional player? The world’s most valuable startup certainly thinks so. Chinese conglomerate ByteDance, valued at over $75 billion, is working on a music streaming service, two sources familiar with the matter told TechCrunch....


by Manish Singh in Apple
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May 15, 2019

India’s ride-hailing firm Ola is now in the credit card business, too

A day after India’s largest wallet app Paytm entered the credit cards business, local ride-hailing giant is following suit. Ola has inked a deal with state-run SBI bank and Visa to issue as many as 10 million credit cards in next three and a half...


by Manish Singh in Asia
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May 14, 2019

India’s largest mobile wallet company Paytm now offers a credit card

Paytm, India’s largest mobile wallet app, has branched out to several businesses in recent years as threat from Google and Facebook grows. On Tuesday, it added another category to the list: credit cards. The firm, operated by One97 Communications, today unveiled Paytm First Credit Card...


by Manish Singh in alibaba