Twitter has locked the account of Indian National Congress, the South Asian nation’s largest opposition party, for violating its rules. The Indian National Congress wrote about the Twitter episode on Facebook Thursday. “When our leaders were put in jails, we were not scared then why would we be afraid of closing our Twitter accounts now. […]
India’s Eruditus valued at $3.2 billion in $650 million fundraise
Mumbai-based Eruditus, which works with top universities globally to offer more than 100 executive-level courses to students in over 80 nations, said on Thursday it has raised $650 million in a new financing round led by Accel and SoftBank Vision Fund 2. The new financing round — which includes both primary and secondary transactions — […]
India’s VerSe Innovation raises over $450 million to expand Dailyhunt and Josh apps globally
VerSe Innovation, the parent firm of popular news aggregator Dailyhunt and short video app Josh, said on Thursday it has raised over $450 million in a new financing round, just five months after securing $200 million, as the Indian startup looks to expand its offerings to international markets. Siguler Guff, Baillie Gifford, affiliates of Carlyle […]
A close look at Singapore’s thriving startup ecosystem
Singapore is home to fewer than six million people, making it one of the smallest ASEAN countries, in terms of population. It is a young country as well — having gained independence in 1963.
Singapore’s logistics tech startup Parcel Perform raises $20 million
Singapore-headquartered Parcel Perform, which connects merchants with e-commerce carriers and provides shipment tracking features, said on Wednesday it has raised $20 million in a new financing round as it scales its business in several parts of the world. Cambridge Capital led the logistics tech startup’s Series A financing round, while SoftBank Ventures Asia and existing […]
What’s driving the global surge in retail media spending?
To understand why retailers will capture more ad spend, it’s important to evaluate what modern marketing has become. Is it bus stop advertisements? Bidding on Google keywords or a Clubhouse session?
Zomato’s losses widen in first quarterly earnings since IPO
Zomato’s losses more than tripled in its first quarterly earnings report since its listing last month as the company’s expenses grew and the pandemic hit the firm’s dining-out business. The Gurgaon-headquartered firm reported (PDF) a net loss of $48 million in the quarter that ended in June, up from about $13.5 million during the same period […]
Twitter now in compliance with India’s new IT rules, government says
Twitter is now complying with India’s new IT rules, New Delhi told a court Tuesday, in a move that is expected to ease months-long tension between the American social media network and the government of the key overseas market. A lawyer representing the Indian government told the Delhi High Court that Twitter’s recent steps — appointment […]
Japan’s TechnoPro acquires India’s Robosoft for $108 million
Robosoft Technologies, an India-headquartered maker of digital solutions, said on Tuesday it has reached a definitive agreement to sell the business to Japan’s IT services firm TechnoPro for $108 million. Founded in 1996, Robosoft Technologies started its journey as a software services firm specialising on the Mac platform and then offered app development as a […]
The China tech crackdown continues
We should expect more of the same from the Chinese government: More complaints about the impact of “excessive” capital in its industries, more tumbling share prices and more held IPOs.