[ad_1] An influential trade group that represents Google, Meta and Amazon amongst different tech companies has expressed issues in regards to the digital competitors regulation advisable by an Indian parliamentary panel that seeks to manage their alleged anticompetitive practices, calling the proposal “absolutist and regressive” in nature within the newest escalation of rigidity between U.S. tech giants and New Delhi. The Parliamentary Standing Committee on Finance advisable final month that the federal government enact a digital competitors act to manage anticompetitive enterprise practices by Massive Tech corporations on its platforms, prohibiting them from preferentially selling their in-house manufacturers or not…
Author: Manish Singh
[ad_1] In 2014, Prayank Swaroop made a pitch to the storied enterprise agency Accel, the place he labored as an affiliate, about future marketplaces in India. On the time, Flipkart and Snapdeal have been the one two e-commerce startups in India that had proven a semblance of scale. Swaroop made a case that as extra Indians come on-line, alternatives will emerge in meals supply, automotive aftermarket, warehousing, highway freight, and social commerce amongst many different market areas. Swaroop, now a companion on the agency, turned out to be proper. City Firm, which operates within the home assist sector, is valued…
[ad_1] We’re getting a extra lifelike replace on the startup funding panorama in India, and as is true elsewhere, all of the figures are in crimson within the South Asian market. Indian startups raised $3 billion within the quarter that resulted in September, down 57% from the earlier quarter and 80% year-over-year, market intelligence platform Tracxn mentioned in a report Tuesday. The figures are outstanding for a lot of causes, the obvious being that startups are discovering it troublesome to boost capital at a time when most high tier funds in India — Sequoia India and Southeast Asia, Lightspeed Enterprise…
[ad_1] Telegram has reduce the month-to-month subscription charge for its premium tier by greater than half in India, simply months after introducing the providing because it makes an attempt to aggressively money in on a big consumer base in one in all its greatest markets. In a message to customers in India on Saturday, Telegram mentioned it was making the subscription obtainable within the nation at a reduction. The month-to-month subscription now prices prospects 179 Indian rupees ($2.2), down from 469 Indian rupees ($5.74) earlier. The app’s month-to-month subscription, known as Telegram Premium, prices between $4.99 to $6 in each…
[ad_1] Juno, a startup that gives checking accounts to crypto fanatics and permits them to take their paychecks in digital tokens, has raised a brand new funding spherical because it expands its choices to incorporate a tokenized loyalty program. The one-and-a-half-year outdated startup has amassed over 75,000 clients within the U.S. who take their salaries (some in entirety, relaxation in parts) in crypto and make investments persistently in digital property every month. Clients are capable of spend their crypto or money utilizing the startup’s Mastercard-powered debit card, make invoice funds and simply transfer funds to and from conventional banks in…
[ad_1] Apple has began assembling the iPhone 14 fashions in India, it mentioned Monday, regionally producing the present lineup for the primary time in the identical calendar yr on this planet’s second largest smartphone market as analysts predict a larger shift within the American big’s future manufacturing. The corporate’s world associate Foxconn is manufacturing the gadget within the Sriperumbudur facility close to Chennai. The regionally produced iPhone models will go on sale within the nation later this yr. “We’re excited to be manufacturing iPhone 14 in India,” an Apple spokesperson informed TechCrunch in an announcement. Apple started regionally assembling smartphones…
[ad_1] Indian meals supply big Swiggy has employed bankers because it gears up for an preliminary public providing subsequent 12 months, a supply aware of the matter stated. The startup, which was valued at $10.7 billion in its Collection Okay financing in January this 12 months, is seeking to elevate as a lot as $1 billion within the IPO, which it plans to file as early as first half of subsequent 12 months, the supply stated, requesting anonymity because the deliberations are ongoing and particulars are personal. Swiggy IPO’s timing and simply how a lot cash it needs to lift…