Nuthalapati Ramana issues extraordinary rebuke over ‘custodial torture and other police atrocities’In an extraordinary rebuke over police brutality, India’s chief justice has said the most dangerous places in the country for threats to human rights are…
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 […]
India’s UpGrad enters unicorn club with $185 million fundraise
UpGrad, a Bangalore-based startup that specializes in higher education and upskilling courses, hit a valuation of $1.2 billion with a $185 million funding round Monday as global investors plow record capital into firms in the world’s second largest internet market. Singapore’s Temasek led the financing round while the World Bank’s International Finance Corporation and IIFL participated. […]
Neeraj Chopra’s javelin gold medal seals India’s greatest ever Olympics
Army officer wins nation’s first athletics gold to spark celebrations and a resurgence of pride amid the ravages of CovidArmy officer Neeraj Chopra has achieved Indian sporting immortality after winning the country’s first ever athletics gold medal wit…
India’s Vedantu not in talks to sell to Byju’s, top exec says
Indian online learning platform Vedantu is not engaging to sell the firm to edtech giant Byju’s, a top executive said on Friday. A report by Indian news outlet Entrackr said early Friday that Byju’s had offered $700 million to $800 million to acquire Bangalore-based Vedantu, which counts Accel and GGV Capital among its investors. In a […]
India’s Supreme Court rules in favor of Amazon to stall $3.4B Future and Reliance deal
India’s apex court on Friday ruled in favor of Amazon to stall the sale of Future Group to Reliance Industries in a major victory for the American e-commerce giant in the key overseas market — and a blow to the nation’s richest man Mukesh Ambani. The Indian Supreme Court said the order by a Singapore […]
WhiteHat Jr founder departs a year after selling to Byju’s
Karan Bajaj, the founder and chief executive of WhiteHat Jr, is leaving the firm a year after selling the startup for $300 million to Indian edtech giant Byju’s. In an email to employees on Wednesday, Bajaj and Byju’s founder and chief executive Byju Raveendran said the departure follows a “mutually decided” decision made at the […]
India’s BharatPe valued at $2.85 billion in Tiger Global-led $370 million funding
Indian fintech startup BharatPe has raised $370 million in a new round of financing as it looks to aggressively scale its business in the next two years. It’s the nineteenth Indian startup to become a unicorn this year (up from 11 last year) as several high-profile global investors double down in the South Asian market. […]
India’s Infra.Market valued at $2.5B in Tiger Global-led $125M funding
Infra.Market, an Indian startup that is helping construction and real estate companies in the world’s second-most populated nation procure materials and handle logistics for their projects, said on Tuesday it has raised its third financing round in the past nine months. Tiger Global, which led the startup’s Series C round in February this year, has […]