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Tag: india

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India's Arzooo, once valued at $310M, sells in distressed deal | TechCrunch


Arzooo, an Indian startup founded by former Flipkart executives that sought to bring “best of e-commerce” to physical stores, has sold its assets in distressed sale to Moksha Group. The deal follows Arzooo engaging with several startups, including Bengaluru-headquartered Udaan, for potential merger opportunities, according to people familiar with the matter. Arzooo had raised approximately […]

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Software Development in Sri Lanka

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Xiaomi taps PhonePe's app store for India smartphones | TechCrunch


Xiaomi will replace its app store with fintech PhonePe’s offering for customers in India starting January in a major win for the Indian startup. The smartphone vendor, the second largest in India, will automatically push the update to customers’ devices in India to replace GetApps with PhonePe’s Indus AppStore, it informed customers over the weekend. […]

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Software Development in Sri Lanka

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India's HealthKart valued at $500 million in new investment | TechCrunch


Indian omni-channel nutrition startup HealthKart has raised $153 million in one of the country’s largest consumer startup transactions this year, valuing the business at about $500 million, according to a source familiar with the matter. The new investment was co-led by private equity firms ChrysCapital and Motilal Oswal, with Avendus Capital serving as financial advisor. […]

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Software Development in Sri Lanka

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Oyo founder seeks new investment at $3.8 billion valuation | TechCrunch


Oyo founder Ritesh Agarwal’s investment vehicle has proposed to inject another $65.1 million into the hotel management startup, according to shareholder notifications reviewed by TechCrunch. The investment, through Redsprig Innovation Partners, would value the SoftBank-backed company at $3.8 billion, according to terms shared in the extraordinary general meeting notice. While this represents a 38% premium […]

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Software Development in Sri Lanka

Robotic Automations

Reliance, Disney complete India media merger valued at $8.5 billion | TechCrunch


Reliance and Disney have completed their landmark Indian media merger, creating an $8.5 billion entertainment powerhouse that will dominate the streaming and television markets in the world’s most populous nation. The deal, proposed in February, brings together Disney’s Star India with Reliance-controlled Viacom18 under a joint venture that will control about 85% of India’s streaming […]

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Software Development in Sri Lanka

Robotic Automations

Prosus eyes PayU IPO in 2025 after stellar Swiggy listing | TechCrunch


Prosus aims to list fintech firm PayU in 2025 as the Dutch investor looks to shift more focus to India. On Wednesday it described the market as a pillar for its investment business after the stellar listing of food delivery and quick commerce firm Swiggy netted it gains of $2 billion.  PayU, which is wholly […]

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Software Development in Sri Lanka

Robotic Automations

Swiggy market debut fuels India's food, quick commerce wars | TechCrunch


Shares of Swiggy dropped 4% to 401 rupees on Wednesday as the food delivery and quick commerce startup concluded India’s second-largest IPO this year, in a closely watched debut that puts it in direct comparison with what analysts have long considered the benchmark Indian internet stock: Zomato. The listing of the 10-year-old Bengaluru-headquartered firm marks […]

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Software Development in Sri Lanka

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