Online learning platform Vedantu has raised $100 million in a new financing round and has become the latest Indian startup to become a unicorn following a year of strong growth. Vedantu, which last month refuted rumors of it considering a sale to Byju’s, said on Wednesday it has raised $100 million in its Series E […]
Amazon launches computer science education program Future Engineer in India
Amazon said on Tuesday it is extending its computer science program Future Engineer to India. Through the program, for which Amazon partners with players such as Code.org, Amazon aims to bring CS education to underserved and underrepresented children and young adults. The company said it will offer several educational resources, scholarships, internships, and mentors to […]
Amazon-backed buy now, pay later platform Capital Float raises $50 million
Capital Float, an Amazon-backed startup that offers its buy now, pay later service on many popular online platforms in India including that of the e-commerce firm, said on Tuesday it has raised $50 million in a new financing round following a strong growth in recent quarters. Lightrock India led the Bangalore-based startup’s Series D financing […]
Indian food delivery giant Swiggy in talks to raise funds at over $10 billion valuation
Indian food delivery startup Swiggy is in talks to raise over $500 million in a new financing round that could value it at over $10 billion, two sources familiar with the matter told TechCrunch. Atlanta-headquartered Invesco is in talks to lead — or co-lead — the new financing round in the Bangalore-based startup, which counts […]
TikTok reached 1 billion monthly active users
TikTok announced in a blog post today that 1 billion people use TikTok every month. That means that on this big rock in space that we call home, about one in seven-and-a-half people are regularly watching short-form videos of dancing, dangerous “milk crate challenges” and even actual educational content. For context, Facebook said that in […]
‘Free and open’: Quad leaders call for ‘stable’ Indo-Pacific in veiled China dig
Joe Biden meets leaders of Australia, India and Japan in latest effort to cement US leadership in Asia US president Joe Biden and the leaders of Australia, India and Japan highlighted their Quad group’s role in safeguarding a stable, democratic Indo-Pa…
Amazon assembles video streaming apps to fight with Netflix and Disney in India
Amazon has launched Prime Video Channels in India, allowing its customers to subscribe to eight streaming services including Discovery+ and Mubi from one hub (Prime Video website or app), the latest in a series of efforts by the U.S. giant to win customers in the South Asian nation. The new offering makes it easier for […]
Apps to reach record highs in Q3 of 36B downloads and $34B in consumer spending
A new forecast on the state of the app economy indicates the third quarter will see record-breaking revenues spent on apps and games. According to App Annie, consumers worldwide will spend $34 billion on apps and games in Q3, a 20% year-over-year increase on spending. The increase indicates that the Covid-19 pandemic’s impact on consumer […]
India’s Oyo to file for $1 billion IPO
Indian budget hotel chain startup Oyo is looking to file for an initial public offering as soon as next week, people familiar with the matter told TechCrunch, joining a handful of firms in the world’s second-largest market that are working to explore the public markets. The seven-year-old startup, founded by 27-year-old Ritesh Agarwal, is planning […]
Indian buy now, pay later startup ZestMoney raises $50 million from Australia’s Zip
ZestMoney, a Bangalore-based buy now, pay later platform, said on Wednesday it has raised $50 million in a new financing round from Australia’s Zip as the Indian firm looks to double down on a trend that has shown early signs of traction in several global markets. The eight-year-old Australian firm, which has a presence in […]