Indian startup INDmoney has raised $75 million in a new round as it attempts to build a super finance app to become a “one-stop shop” for people’s investments and expenses, a top executive said on Monday. Tiger Global, Steadview Capital, and Dragoneer co-led the startup’s $75 million Series D funding, said Ashish Kashyap, founder and […]
Animoca, Galaxy Interactive and Polygon back gaming firm nCore in web3 push
nCore Games has raised $10 million in a new financing round as the top Indian gaming firm gears up to launch web3 offerings, its top executives said Monday. Animoca Brands and Galaxy Interactive, two high-profile investors in the crypto space, led the funding. Polygon, a popular layer 2 Ethereum scaling solution, and Hyperedge Capital also […]
Turnip raises $12.5 million for its mobile-first gaming community platform
Turnip, an Indian startup that is building a mobile-first gaming community platform, has raised $12.5 million in a new financing round to deepen its footprints in India and dozens of other countries and dabble with web3 as it looks to broaden its product offerings. Greenoaks and Elevation Capital co-led the one-and-a-half-year-old startup’s Series A round. […]
India’s LEAD School becomes unicorn with fresh $100M in funding
Despite the recent boom of consumer-focused education learning platforms in India, the vast majority of students in the South Asian nation remain unserved. The existing B2C offerings are expensive for most of the students and are heavily skewed towards those in high school preparing for competitive exams. LEAD School, a nine-year-old startup, is addressing this […]
Avataar raises $45 million to improve consumer shopping experience with life-sized 3D product evaluation
The vast majority of e-commerce customers prefer to preview the product before making the purchase. That’s the reason why the likes of Amazon have historically struggled to move fashion and home decor items online. A San Francisco and Bengaluru-based startup is attempting to solve this problem and has just raised a new funding round to […]
Mozilla Foundation hits pause on crypto donation following backlash
The Mozilla Foundation is pausing accepting donations in cryptocurrency following a backlash from scores of individuals including a founder of the Mozilla Project. The foundation, which oversees the development of Firefox browser, on Thursday acknowledged conversations around the environment impact that cryptocurrency potentially pose and said it is reviewing whether its current policy on crypto […]
India antitrust watchdog orders investigation into Apple’s business practices
The Indian antitrust watchdog on Friday ordered an investigation into Apple’s business practices — in particular, the company mandating iPhone app developers to use a proprietary payments system — in India, where the American firm commands less than 2% of the smartphone market. The Competition Commission of India, which ordered the Director General to conduct […]
Record number of unicorns and IPOs: Indian startups raised $39B in 2021
In late March last year, as the virus started to spread across India, investors began to worry about the impact a potential pandemic could have on their portfolio firms. They exchanged notes, and on April 1, penned a joint open letter to the local startup ecosystem, advising firms to “prepare for the worst.” In the […]
Apple puts Foxconn India plant on probation after protests over food and accommodation conditions
Apple has put the southern India factory of Foxconn on probation following protests from workers over subpar food and accommodation conditions, a concern both the firms acknowledged and pledged to address. The iPhone maker didn’t say how long the probation will last, but an Apple spokesperson in India told TechCrunch that the firm “will ensure […]
India’s GlobalBees joins unicorn club for its Thrasio-like house of brands
GlobalBees, which raised one of the largest Series A financing rounds in India earlier this year, has entered the unicorn club as the New Delhi-headquartered firm scales its Thrasio-like house of brands. Premji Invest, the investment firm controlled by Indian tycoon Azim Premji, led the nine-month-old startup’s Series B financing round, the young firm disclosed […]