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The lendingtech sector in India is likely to come under renewed scrutiny of the Reserve Bank of India (RBI) according to Boston Consulting Group (BCG). It...
South Africa-based Qwili, a hybrid hardware-software startup, raised $1.2 million in SEED led by E4E Africa, an entrepreneur-centric VC firm, where Strat-Tech, Next Chymia, and Untapped...
Platform for ride-hailing Ola begun the process of laying off approximately 1,000 employees across multiple verticals while also ramping up hiring for its electric vehicles (EVs) business....
Electric mobility startup Ola Electric announced the signing of an agreement with the Ministry of Heavy Industries under the government’s Production Linked Incentive (PLI) scheme to...
Internet penetration in rural India has increased 37% year on year (YoY), with 351 million active users expected in 2021. According to an ICUBE 2021 study...
Zomato’s proposal to acquire the hyperlocal quick commerce startup Blinkit was approved by 97% of shareholders, according to the company’s BSE filing, Following majority approval, Zomato will...
Hyperlocal startup ChattyBao raised over $5 million in seed led by Vertex Ventures Southeast Asia & India and Info Edge Ventures where 7Square Ventures and a...
Listed location tech company MapmyIndia launched a panoramic, three-dimensional experience similar to Google Street View. The Mappls RealView technology, similar to Google’s offering, will allow users...
The ongoing battle between offline education centres and edtech companies is set to heat up as some of India’s top coaching institutes and hybrid education centres prepare to file a complaint with the Prime Minister’s Office (PMO) against edtech startups. The coaching institutes are preparing a letter to Prime Minister Narendra Modi and other ministries. According to sources, the letter will call for “significant changes...
The second accelerator programme of Fintech Saudi saw the participation of 12 financial technology startups, which was significantly higher than the first such initiative last year....
