Lightspeed doubles down on Wheelocity as it pivots to rural India commerce | TechCrunch
Lightspeed has led Wheelocity’s $15 million round as the startup pivots to rural India commerce.
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Lightspeed has led Wheelocity’s $15 million round as the startup pivots to rural India commerce.
© 2024 TechCrunch. All rights reserved. For personal use only.
Equal, an Indian startup founded by Keshav Reddy, has raised $10M in its maiden funding round led by Prosus Ventures to scale identity verification and financial data sharing.
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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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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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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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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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YouTube is bringing its affiliate program to India so creators can tag products in their videos and earn referral money. The company is partnering with Walmart-owned Flipkart and fashion and lifestyle e-commerce service Myntra, which is owned by Flipkart to open up their product catalogs to creators. The company said that India, YouTube’s biggest user […]
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Zepto is in advanced stages of talks to raise $100 million in new investment, its third in the last six months, as the leading Indian quick-commerce startup looks to rope in more domestic investors, sources familiar with the talks told TechCrunch. The Mumbai-headquartered startup, which delivers grocery items and office stationery to customers’ doorsteps in […]
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According to half a dozen sources, Accel, the global venture firm, is in advanced discussions to lead a funding round of $30 million to $40 million in Truemeds, an Indian online pharmacy that’s focused on providing customers with more affordable generic alternatives to costly branded medications. The talks are currently centered on a proposed valuation […]
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Nvidia announced a series of partnerships with Indian firms on Tuesday to deploy its AI chips and technology, deepening its push into a key growth market as demand for AI infrastructure surges. The U.S. chip designer said at its AI Summit in Mumbai that Tech Mahindra will use its technology to develop Indus 2.0, a […]
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