Even as there are hundreds of millions of Indians who have bank accounts, only about 30 million of them have credit cards. The adoption rate of the plastic card has largely remained stagnant in the South Asian nation for the last few years. The relatively young credit-rating system in India covers only a tiny fraction […]
Driven by livestreams, consumer spending in social apps to hit $17.2B in 2025
The livestreaming boom is driving a significant uptick in the creator economy, as a new forecast estimates consumers will spend $6.78 billion in social apps in 2021. That figure will grow to $17.2 billion annually by 2025, according to data from mobile data firm App Annie, which notes the upward trend represents a five-year compound […]
Indian crypto exchange CoinSwitch Kuber in talks to raise funds at unicorn valuation
Indian crypto exchange CoinSwitch Kuber is in advanced stages of talks to raise a new financing round at up to $2 billion in valuation, several sources familiar with the matter told TechCrunch. If the talks materialize in a deal, CoinSwitch Kuber will become the second crypto startup in the world’s second largest internet market to […]
Lee Fixel’s Addition invests over $75 million in Delhivery
Indian logistics firm Delhivery has courted one more high-profile investor before its expected IPO in the next two quarters: Lee Fixel’s Addition. The Gurgaon-headquartered firm has disclosed in a regulatory filing that Addition has invested $76.4 million in the startup. The new investment is part of a Series I round, according to the filing, provided by […]
Dukaan raises $11 million to help merchants in India set up online stores
Dukaan, a one-year-old Bangalore-based startup that enables merchants to set up online stores and sell products digitally, said on Monday it has raised $11 million in a new financing round as it looks to broaden its offerings and deepen footprints in the South Asian market. The new financing round, a Pre-Series A, was led by […]
Relatives of late Kashmir separatist leader charged under anti-terror law
Son of Syed Ali Shah Geelani alleges police in Indian-controlled area snatched body and carried out burial without family presentPolice in Indian-controlled Kashmir have charged family members of the late resistance leader Syed Ali Shah Geelani under a…
Apple’s dangerous path
Hello friends, and welcome back to Week in Review. Last week, we dove into the truly bizarre machinations of the NFT market. This week, we’re talking about something that’s a little bit more impactful on the current state of the web — Apple’s NeuralHash kerfuffle. If you’re reading this on the TechCrunch site, you can […]
Customer experience startup Clootrack raises $4M, helps brands see through their customers’ eyes
Clootrack is a real-time customer experience analytics platform that helps brands understand why customers stay or churn
Skit raises $23M Series B round led by WestBridge Capital to accelerate its growth
“Traditional voice-based call center service is difficult and costly. This is where artificial intelligence and voice technology have presented an opportunity for enterprises to overcome the challenges of scale and engagement at their customer contact centers,” co-founder and CEO Skit Sourabh Gupta told TechCrunch. The Covid-19 pandemic led to an unprecedented increase in call volumes […]
Tribe and Arkam back Jar app to help millions in India start their savings journey
Even as hundreds of millions of people in India have a bank account, only a tiny fraction of this population invests in any financial instrument. Fewer than 30 million people invest in mutual funds or stocks, for instance. In recent years, a handful of startups have made it easier for users — especially the millennials […]