Manish Singh
TechCrunch
India
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Recent articles by Manish:
Crypto.com expands venture arm to $500 million to back early-stage web3 startups –
Crypto.com, a popular cryptocurrency exchange, has extended its venture arm’s fund size to $500 million as it looks to more aggressively back early-stage startups to help the nascent ecosystem grow, following similar moves by rivals Binance, Coinbase and FTX. The broadening of Crypto.com Capital comes less than a year after the Singapore-headquartered firm unveiled its […] → Read More
India’s Arya raises $60 million to provide farmers with finance and post-harvest services –
Indian agritech startup Arya, which reaches hundreds of thousands of farmers in the South Asian market and helps them store and sell their produce and secure credit, has raised $60 million in a new financing round as it enters a new phase of growth. Asia Impact SA, Lightrock India and Quona Capital co-led the $42 […] → Read More
INDmoney raises $75M to build a super finance app in India –
Indian startup INDmoney has raised $75 million in a new round as it attempts to build a super finance app to become a one-stop shop for people’s investments and expenses, a top executive said on Monday. Tiger Global, Steadview Capital, and Dragoneer co-led the startup’s $75 million Series D funding, said Ashish Kashyap, founder and […] → Read More
Animoca, Galaxy Interactive and Polygon back gaming firm nCore in web3 push –
nCore Games has raised $10 million in a new financing round as the top Indian gaming firm gears up to launch web3 offerings, its top executives said Monday. Animoca Brands, Galaxy Interactive led the funding. Polygon, a popular layer 2 Ethereum scaling solution, and Hyperedge Capital also participated in the round. Scores of angel investors […] → Read More
Turnip raises $12.5 million for its mobile-first gaming community platform –
Turnip, an Indian startup that is building a mobile-first gaming community platform, has raised $12.5 million in a new financing round to deepen its footprints in India and dozens of other countries and dabble with web3 as it looks to broaden its product offerings. Greenoaks and Elevation Capital co-led the one-and-a-half-year-old startup’s Series A round. […] → Read More
India’s LEAD School becomes unicorn with new $100 million funding –
Despite the recent boom of consumer-focused education learning platforms in India, the vast majority of students in the South Asian nation remain unserved. The existing B2C offerings are expensive for most of the students and are heavily skewed towards those in high-school preparing for competitive exams. LEAD School, a nine-year-old startup, is addressing this disconnect […] → Read More
India’s Refyne raises $82 million to help workers get faster access to wages –
Refyne has raised a new financing round, just seven months after securing its previous funding, as the Bengaluru-based startup scales its platform that helps workers access their earned salaries in real time. Tiger Global led Refyne’s $82 million Series B funding, the two said Wednesday. Existing backers QED Investors, partners of DST Global, RTP Global, […] → Read More
India to own 35.8% in Vodafone Idea after conversion of dues –
Vodafone Idea said on Tuesday the Indian government will own 35.8% of the company after the third-largest telecom operator’s board approved conversion of dues and spectrum auction instalments into equity. The operator, which is a joint venture between the British giant Vodafone Group and billionaire Kumar Mangalam Birla’s conglomerate, owed the government dues of roughly […] → Read More
Paytm stock drops to record low –
Shares of Paytm dropped to ₹1,165 ($15.71), the lowest since its market debut in November following the nation’s biggest-ever initial offering after a key brokerage house further cut its price on the payments stock. The stock, which opened Monday at ₹1,226, dropped 5.3% at 1.55 pm India standard time. Paytm, which has been struggling to […] → Read More
India hits Google with antitrust investigation over alleged abuse in news aggregation –
India’s antitrust watchdog has ordered a new investigation into Google following complaints from news publishers who allege that the search giant is “abusing” its dominance in news aggregation. The Competition Commission of India said Friday that Google dominates certain online services and may have imposed unfair conditions on news publishers. The watchdog said its initial […] → Read More
Avataar raises $45 million to improve consumer shopping experience with life-sized 3D product evaluation –
The vast majority of e-commerce customers prefer to preview the product before making the purchase. That’s the reason why the likes of Amazon have historically struggled to move fashion and home decor items online. A San Francisco and Bengaluru-based startup is attempting to solve this problem and has just raised a new funding round to […] → Read More
Mozilla Foundation hits pause on crypto donation following backlash –
The Mozilla Foundation is pausing accepting donations in cryptocurrency following a backlash from scores of individuals including a founder of the Mozilla Project. The foundation, which oversees the development of Firefox browser, on Thursday acknowledged conversations around the environment impact… → Read More
Rupifi raises $25 million for its B2B payments platform in India –
Rupifi has raised $25 million in a new financing round as the Indian startup, which currently provides buy now, pay later service to several marketplaces to serve their merchants, looks to expand its business-to-business payments offerings. Tiger Global and Bessemer Venture Partners co-led the two-year-old startup’s $25 million financing round. Existing investors Quona Capital and […] → Read More
Reliance Retail backs Dunzo in $240 million funding –
Reliance Retail has led a $240 million funding round in Google-backed hyperlocal delivery startup Dunzo as the largest Indian retail chain aggressively expands its offerings. Reliance Retail is investing $200 million in the round for a 25.8% stake in the startup, valuing the Bangalore-based startup at $775 million. “We are seeing a shift in consumption […] → Read More
SoftBank in talks to back India’s Elastic Run –
SoftBank Vision Fund 2 and Goldman Sachs are in talks to back Indian logistics and commerce startup Elastic Run, according to four people familiar with the matter. The proposed round, whose size is about $200 million, values Elastic Run at over $1 billion, the sources said, requesting anonymity as the deliberations are private. Elastic Run […] → Read More
AI startup Fractal becomes unicorn with $360 million investment from TPG –
Fractal has raised $360 million from TPG in a new financing round and entered the unicorn club as the Mumbai and San Francisco-headquartered AI startup, which counts Google and Wells Fargo among its customers, scales its offerings and begins preparation for an IPO. The new financing round valued the startup “at well north of $1 […] → Read More
Indian e-commerce Udaan raises $250 million –
Indian commerce startup Udaan, which helps merchants secure inventory and working capital, has raised $250 million as it accelerates its scale and prepares to explore the public markets. The startup has raised $200 million via convertible note and $50 million as debt, its chief financial officer Aditya Pande told employees in an internal email, seen […] → Read More
Starlink India head steps down after government order –
Sanjay Bhargava, the head of Starlink India, has stepped down from his role weeks after the Indian government ordered the company to stop taking orders for the devices as it doesn’t have the license to operate in the South Asian market. In a LinkedIn post, Bhargava said he was leaving the firm for “personal reasons.” […] → Read More
SpaceX’s Starlink to refund pre-orders in India following government order –
Starlink, part of Elon Musk’s SpaceX, informed a number of individuals in India on Tuesday that it will be refunding their pre-orders, more than a month after New Delhi told the firm to stop “booking/rendering the satellite internet service” in the South Asian market without obtaining a license. In an email to those who had […] → Read More
Exotel raises $40 million for its full-stack customer engagement platform –
Exotel said on Tuesday it has raised $40 million in a financing round, just three months after securing $35 million in funding, as the Bangalore-based startup demonstrates growth for its full-stack customer engagement platform in emerging markets. Steadview Capital led the startup’s Series D round. Exotel, which counts Blume Ventures and IIFL Asset Management among its […] → Read More