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Indian legaltech startup SpotDraft has raised $26 million in a Series A funding round led by Premji Invest. → Read More
The software consultancy firm said it laid off about four percent of its global workforce, despite a surge in quarterly revenue. → Read More
Airtel is engaging with Paytm to explore sale of the Airtel Payments Bank business in exchange for shares in the financial services firm. → Read More
Amazon is joining the Indian government-backed e-commerce initiative that seeks to democratize online shopping in the South Asian market. → Read More
Google has started to support a third-party billing system for Google Play Store purchases in India in response to a regulatory order. → Read More
Indian edtech giant Byju’s has recently discussed winding down WhiteHat Jr, a coding platform it acquired over two years ago for $300 million. → Read More
WhatsApp, the Meta-owned instant messaging service with 2 billion daily active users, appears to be working on a private newsletter tool. → Read More
Amazon and the the government of Dubai are among backers of the Indian startup FreshToHome in its new $104 million funding round. → Read More
India and Singapore have linked their digital payments systems, UPI and PayNow, to enable instant and low-cost fund transfers. → Read More
Facebook parent Meta has launched a subscription service, called Meta Verified, that will allow individuals to “verify” themselves on Instagram and the marquee Facebook service and get the coveted blue budget and other additional features, branching to a new revenue channel that has had mixed success for its smaller rival Twitter. The subscription service, first […] → Read More
Disney+ Hotstar is suffering an outage for some users in India in the middle of a popular cricket match. → Read More
A major about-face for Binance that has been publicly disputing the idea that it is under investigation and mocking media outlets. → Read More
The ongoing round, through which PhonePe has raised $450 million so far, values the startup at a pre-money valuation of $12 billion. → Read More
Indian insurance platform InsuranceDekho has raised $150 million in a Series A funding round as it eyes merger and acquisition opportunities. → Read More
Amazon is engaging with Times Internet to explore the acquisition of MX Player, one of India's largest on-demand video streaming services. → Read More
India's IT ministry has lifted the ban on seven high-profile lending apps including PayU's LazyPay, Kissht and KreditBee. → Read More
India and Brazil are key overseas markets for Twitter, which it has amassed over 100 million users in those markets. → Read More
India’s push to ban over 90 lending apps has sent shockwaves to the industry as many scramble to assess why they have been impacted. → Read More
This is the fourth consecutive quarter in which SoftBank Group has lost money, prompting many to challenge the fundamental thesis of the giant. → Read More
Support for cross-border payments appears to be PhonePe’s attempt to capture a slice of the large forex market. → Read More