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

November 14, 2024 6:04 PM0


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

November 13, 2024 8:08 PM0


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

November 13, 2024 10:29 AM0


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

Robotic Automations

India issues notice to Wikipedia over concerns of bias | TechCrunch

November 5, 2024 5:03 PM0


Wikipedia is facing mounting regulatory pressure in India as local authorities question whether the platform should continue to enjoy legal protections as a neutral intermediary rather than being classified as a publisher.  The Indian Ministry of Information and Broadcasting issued a notice to Wikipedia on Tuesday questioning the encyclopedia’s intermediary status that’s offered to tech […]

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Software Development in Sri Lanka

Robotic Automations

Once-dominant Swiggy seeks $11.3B value at IPO, less than half Zomato's worth | TechCrunch

October 30, 2024 1:10 PM0


Swiggy, one of India’s largest food delivery and quick commerce startups, is seeking a valuation of up to $11.3 billion in its initial public offering, marking a 57% discount to rival Zomato’s market cap. The lossmaking Bengaluru-based company has set an IPO price band of ₹371 to ₹390 ($4.41-$4.64) per share for next month’s IPO. […]

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Software Development in Sri Lanka

Robotic Automations

Meesho claims Indian e-commerce first with positive cash flow | TechCrunch

October 30, 2024 11:58 AM0


Meesho has become India’s first horizontal e-commerce firm to generate positive cash flow, marking a significant shift in a market where profitability has long remained elusive even as new competitive threats emerge. The SoftBank and Prosus-backed startup, which serves customers in smaller Indian cities and towns, reported positive operating cash flow of ₹232 crores ($27.6 […]

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Software Development in Sri Lanka

Robotic Automations

Krafton backs IMM Investment's maiden India fund | TechCrunch

October 29, 2024 10:16 AM0


The India unit of gaming firm Krafton has backed IMM Investment’s maiden India fund as an anchor limited partner as the battle royale BGMI-maker broadens its investment bets in the South Asian market. Seoul-based IMM Investment, an early backer of Krafton and roughly half of South Korea’s unicorn startups, has made the first close for […]

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Software Development in Sri Lanka

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