Google has announced that it is blocking the installation of certain apps automatically from getting sideloaded on Android devices in India.
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The insurance giant confirmed a data breach, weeks after cybercriminals posted alleged customer health and medical data online.
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Swiggy, India’s leading food delivery startup, said Friday it has started to deliver meals in 10 minutes across parts of major cities, intensifying the quick-commerce race in the world’s second-largest internet market. The Bengaluru-headquartered startup, which is targeting to go public in about a month, said it has partnered with more than 2,700 restaurants, including […]
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Google is ramping up its artificial intelligence efforts in India to integrate AI across its products for Indians — a move that escalates the growing rivalry among U.S. tech firms in a market where competitors are lagging behind. At its 10th Google for India event on Thursday, the company said it was deploying its AI […]
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The Central Consumer Protection Authority, India’s consumer rights regulator, has sent a show-cause notice to Ola Electric over alleged violation of consumer rights, escalating troubles for the leading electric vehicle maker whose shares dropped 9% earlier on Monday, The notice, issued on Monday, gives the Bengaluru-headquartered firm 15 days to respond to allegations that include […]
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Byju Raveendran, the founder of the embattled edtech group Byju’s, acknowledged on Thursday afternoon that he made mistakes, mistimed the market, overestimated growth potential and that his startup, once valued at $22 billion, is now effectively worth “zero.” Speaking to a group of journalists, Raveendran said the company’s aggressive acquisition of more than two dozen […]
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Google said on Thursday it is now testing out generative AI-powered video search in India. This feature enables users to take a video using Google Lens, and ask the company’s Gemini AI model questions about the contents of the video. The company said that users would need to sign up for the “AI Overviews and […]
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Indian electric vehicle maker Ola Electric’s customers aren’t happy with its service and scooters, and it’s affecting the company’s stock and market share. The company’s shares fell by as much as 9.1% on Monday to ₹89.14, sending its market cap below $4.75 billion for the first time since its IPO in August. The company’s shares […]
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Apple is planning to open four new retail stores in India and has begun manufacturing the iPhone 16 Pro models domestically, the company said as it deepens its presence in the world’s second-largest smartphone market. The U.S. tech giant plans to launch stores in Bengaluru, Pune, Delhi-NCR, and Mumbai, building on its first two Indian […]
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SentinelOne’s deal to acquire PingSafe valued the Peak XV-backed young startup at over $100 million, two sources familiar with the matter told TechCrunch, in one of the strongest and fastest deals emerging from India.
The New York Stock Exchange-listed AI security firm disclosed the cash and stock deal last week, but didn’t reveal the financial terms. SentinelOne, PingSafe and PeakXV didn’t immediately respond to a request for comment. The terms of the deal haven’t been previously reported.
Founded in 2021, PingSafe is a relatively new and small security company with fewer than 100 employees and over 50 customers, mostly in India. The firm remained largely in stealth mode until last year, and was backed by Peak XV’s Surge in the early-stage fund’s sixth cohort. PingSafe had raised a total of about $3.3 million in funding.
“We think integration of PingSafe’s CNAPP [cloud native application protection platform] will bolster S’s cloud security offering, providing a wide range of agentless CNAPP capabilities – S has expressed its intent to be price competitive in the cloud security market and we wonder if the acquisition will play a role in pricing,” Barclays wrote in a note to clients.
PingSafe is “among the fastest ‘seed to significant exits’ Indian ecosystem has ever seen,” Rajan Anandan, who leads Surge at Peak XV, tweeted last week.
“SentinelOne is a pioneer and leader in AI-powered security, and we share a common mission to secure the cloud and make the Internet a safer place,” said Anand Prakash, founder and chief executive of PingSafe and one of the world’s top five white hat hackers, in a prepared statement last week. “The combination of our cutting-edge CNAPP capabilities with SentinelOne’s market-leading AI security platform will supercharge cloud security by providing world-class protection for multi-cloud infrastructure, from development to deployment.”
The purchase of PingSafe represents a further endorsement of the increasing trend of Indian software companies targeting global expansion. By first developing SaaS solutions in the home market, a new generation of Indian entrepreneurs have subsequently set their sights on worldwide growth.
New Delhi is inching closer to launch the second phase of its marquee Startup India program with a focus on deep tech startups, Indian daily Economic Times reported Monday. The planned doubling-down on advanced technology companies marks the latest gambit aimed at transforming the subcontinent into a global innovation powerhouse to rival the likes of Silicon Valley.
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