Tech News from India

Learn about the most exciting technological developments from India!

Dental tech startup Toothsi, which provides at-home teeth alignment services, raises $40 million

Dental startup Toothsi raises $40 million funding led by Eight Roads Ventures and othersOther investors who participated in the round include the family office of Medlife cofounders - Prashant Singh and Tushar Kumar and existing investors Think Investments and the Mankekar family office among others.

Neobank raises $50 million and becomes India's 100th unicorn

Neobank Open Becomes India’s 100th Unicorn, Raises $50 Mn From IIFLBengaluru-based neobanking startup Open becomes the country’s 100th unicorn after raising $50 Mn led by IIFL along with existing investors

Allen Career Institute raises $600 million to expand to online education

Allen Career Institute Funding | Uday Shankar and James Murdoch’s Bodhi Tree invests $600 million in Allen Career InstituteThe Maheshwari family-owned Allen Career Institute is arguably Indias largest coaching institute, preparing students for entrance exams in multiple streams.

ISMC to invest Rs. 23 thousand crores in Karnataka, to build India's first semiconductor fab plant

Karnataka bags Rs 23k crore investment from ISMC for India's first semiconductor plantInternational semiconductor consortium ISMC will invest Rs 22,900 cr ($3 bn) in Karnataka to set up a chip-making plant amid a scramble by states to attract fabs. Chief Minister Basavaraj Bommai termed the development a "significant agreement" and said it will make the state, a leader in IT/BT and R&D, one of the most sought-after in the field of semiconductor technology.

Vedanta in talks to raise $3 billion debt in push to manufacture semiconductors

Vedanta in talks to raise up to $3 billion debt in semiconductors push - MINING.COMThe oil-to-metals conglomerate decided in February to diversify into chip manufacturing.

India seizes $725 million of Xiaomi assets over illegal remittances

India seizes $725 million of Xiaomi assets over illegal remittancesIndia said a probe found the smartphone maker made illegal remittances to foreign entities by passing them off as royalty payments.

Opinion: GST on online gaming needs to be treated differently than casinos and horse racing

GST on Online Gaming needs to be looked differently than Casinos and Horse RacingIt is important to plug potential revenue leakages by stopping shifting of business to the grey markets and discourage non-compliance.

Google set to build its largest campus outside the US, in Hyderabad

Google set to build its large campus campus outside of US in HyderabadThe new campus prioritises sustainability and energy-efficiency throughout its design. Upon commissioning,

Bond Startups Boom in India Selling Retail Clients on High Yield

Startups Let India Retail Investors Buy Corporate Debt at $130Start-up firms selling corporate bonds to retail investors are booming in India.

Government to launch the Open Network for Digital Commerce (ONDC) e-commerce platform

Govt to launch open network for digital commerce in five citiesThe Open Network for Digital Commerce (ONDC) is an initiative of the government to promote an open platform for all aspects of the exchange of goods and services through electronic networks.

Amazon Prime launches movie rental service in India

Amazon Prime launches movie rental service in IndiaAmazon's Prime Video launched a movie rental service in India on Thursday, promising to release more than forty original series and movies over the next two years in a key market.

School fees payment startup Zenda raises $9.4 million

School fees payment startup Zenda raises $9.4 millionZenda was founded in June 2021 by Raman Thiagarajan and Haseeb Ahmed, alumni of McKinsey & Company. Thiagarajan and Ahmed had previously founded edtech startup Nexsquare in Dubai.

RBI scrutinizes Cashfree and Mobikwik payment aggregator license applications

RBI lens on companies like Cashfree, Mobikwik seeking payment aggregator licenceThe scrutiny comes in the backdrop of some of these fintech firms having dealings with cryptocurrency exchanges and gaming apps, one person said.

Agritech startup Eeki Foods raises $6.5 million in funding led by General Catalyst

Eeki Foods raises $6.5 million in funding led by General CatalystOther key investors participating in this round include Avaana Capital; Better Capital; Irving Fain, CEO and founder of Bowery Farming; Subbu Palaniappan, director and head of Amazon Prime India; Srinivas Narayanan, former VP- engineering at Facebook; Akhil Gupta, and Amit Kumar Agarwal, cofounders of NoBroker.com.

India incentivizes creation of a drone development hub

India to build global drone hub by subsidizing startupsThe Indian government announced the first list of companies eligible for investment in drones and components manufacturing, taking a series of actions to build India as a global drone hub by 2030.

Amazon acquires India’s GlowRoad in social commerce push

Amazon acquires India’s GlowRoad in social commerce push – TechCrunchAmazon may be attempting to take on Shopify in the west, but in India, it is gearing up to explore social commerce. Amazon has acquired the Indian social commerce startup GlowRoad in an all-cash deal as the e-commerce giant makes a bigger push into one of its key overseas markets, a source directly…

Cricket NFTs platform Rario raises $120 million

Cricket NFTs platform Rario raises $120 million led by Dream CapitalSingapore-based Rario was founded in 2021 by Sunny Bhanot and Ankit Wadhwa amid a global boom in NFTs and cryptocurrency.

Rigi.Club raises $10M from Accel and Sequoia to help creators and celebrities monetize

Rigi.Club Secures $10 Mn Funding To Help Creators, Celebrities Monetise Their CommunityB2B2C startup Rigi.Club, a platform for influencers to grow, manage and monetise their community, has raised $10 Mn in a Series A funding round.

Financepeer, which offers loans to students for school and college fees, raises $31 million

Financepeer bags $31 million in funding from QED, Aavishkaar CapitalThe company had raised $3 million in 2020 from MS Fincap, Danube, Aar Em Ventures, Angelbay Holdings, JITO Angel Network, and HEM Angels.

CoinDCX becomes highest valued Indian crypto firm after fundraise

CoinDCX raises $135 million, now valued at $2.15 billionIndian cryptocurrency exchange CoinDCX has raised over $135 million in a Series D funding round led by Pantera Capital and Steadview.

Venture Capital firm Antler India launches an Entrepreneurial Residency Program

Antler India rolls out platform to tap aspiring entrepreneurs | VCCircleGlobal venture capital firm Antler on Monday said it has launched a platform to help aspiring entrepreneurs find their co-founders,

Swiggy backs Rapido bike taxi platform in $180 million funding

Swiggy backs bike taxi platform Rapido in $180 million funding – TechCrunchSwiggy has led a $180 million financing round into bike taxi startup Rapido as the Indian food delivery giant looks to broaden its fleet network across the country, the two firms said on Friday. Rapido’s Series D financing round also saw participation from TVS Motor Company and existing inves…

Crypto trading plummets across India after UPI restrictions

Crypto Payments Are Frozen Across India, Hitting TradingAt least seven crypto firms have suspended rupee deposits. Crypto exchanges were already under pressure from tax regime.

Medikabazaar raises $65 million in funding led by Lighthouse India Fund

Exclusive: Medikabazaar raises $65 million in funding led by Lighthouse India FundLighthouse, an investor in Nykaa, Bikaji Foods and Duroflex, has brought in $30 million, with the rest coming from existing investors such as Creaegis, Health Quad, Ackermans & van Haaren, British International Investment (formerly CDC) and KOIS Holdings.

Apple starts manufacturing iPhone 13 in India

Apple begins manufacturing the iPhone 13 in India | EngadgetApple has started manufacturing the iPhone 13 in India to both help it compete locally and diversify away from China..

Koo cofounder urges Elon Musk to work with Twitter’s rival in India

Koo cofounder urges Elon Musk to work with Twitter’s rival in IndiaHours after Twitter’s chief executive (CEO) Parag Agrawal announced Elon Musk’s decision to not join the company’s board, the CEO of Indian microblogging website Koo took to Twitter to grab the tech mogul’s attention. Aprameya Radhakrishna — who founded Koo in 2020 — tweeted out to Musk once again asking him to give Koo a shot.

India dominates Y Combinator’s latest startup batch (again)

India dominates Y Combinator’s latest startup batch – TechCrunchY Combinator’s latest startup batch

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Tech News from India

Dental tech startup Toothsi, which provides at-home teeth alignment services, raises $40 million

Neobank raises $50 million and becomes India's 100th unicorn

Allen Career Institute raises $600 million to expand to online education

ISMC to invest Rs. 23 thousand crores in Karnataka, to build India's first semiconductor fab plant

Vedanta in talks to raise $3 billion debt in push to manufacture semiconductors

India seizes $725 million of Xiaomi assets over illegal remittances

Opinion: GST on online gaming needs to be treated differently than casinos and horse racing

Google set to build its largest campus outside the US, in Hyderabad

Bond Startups Boom in India Selling Retail Clients on High Yield

Government to launch the Open Network for Digital Commerce (ONDC) e-commerce platform

Amazon Prime launches movie rental service in India

School fees payment startup Zenda raises $9.4 million

RBI scrutinizes Cashfree and Mobikwik payment aggregator license applications

Agritech startup Eeki Foods raises $6.5 million in funding led by General Catalyst

India incentivizes creation of a drone development hub

Amazon acquires India’s GlowRoad in social commerce push

Cricket NFTs platform Rario raises $120 million

Rigi.Club raises $10M from Accel and Sequoia to help creators and celebrities monetize

Financepeer, which offers loans to students for school and college fees, raises $31 million

CoinDCX becomes highest valued Indian crypto firm after fundraise

Venture Capital firm Antler India launches an Entrepreneurial Residency Program

Swiggy backs Rapido bike taxi platform in $180 million funding

Crypto trading plummets across India after UPI restrictions

Medikabazaar raises $65 million in funding led by Lighthouse India Fund

Apple starts manufacturing iPhone 13 in India

Koo cofounder urges Elon Musk to work with Twitter’s rival in India

India dominates Y Combinator’s latest startup batch (again)