CoinGecko: crypto trading volume on India's four largest exchanges more than doubled QoQ to $1.9B in Q4 2024, as many young Indians trade to supplement income
Jaspreet Kalra / Reuters :
Google, Temasek, and Bain report: India's internet economy to hit $1T by 2030, up from $175B in 2022, accounting for 12-13% of India's GDP, up from 4-5% in 2022
Executive Summary A continued shift in consumer and merchant behaviour … Temasek : Smaller cities key to India's digital decade Nidhi Singal / Business Today : India's digital economy to register 6x g...
Leap, which offers online resources like visa assistance to help Indians study abroad, raised $75M led by Owl Ventures at a nearly $1B valuation
Saritha Rai / Bloomberg :
Sources: WhatsApp plans to launch cashback rewards in India to lure more customers to its p2p payments service, alongside incentives for merchants
Reuters : Tweets: @shiraovide , @adityakalra , @munsifv , @sayshaina , and @munsifv Tweets: Shira Ovide / @shiraovide : I continue to watch with interest to see if Facebook can turn WhatsApp into a r...
Bengaluru-based Jar, a daily savings app that lets users invest in “digital gold”, raises a $32M Series A led by Tiger Global, sources say at a $200M+ valuation
A seven-month-old fintech app that is helping millions of Indians to begin their investment and saving journeys …
Chainalysis: despite regulatory uncertainty, investments by Indians in cryptocurrencies grew from ~$200M to $40B in the past year, as 15M bought and sold coins
- Daily trading values are up nearly 900% in last 12 months — Investors pile in, regulators give conflicting signs on future
Tencent, Alibaba, and SoftBank invest heavily in popular fantasy sports and online rummy apps in India that use loopholes in anti-gambling laws to offer prizes
Bloomberg : Tweets: @bloombergquint , @talktosanjai , and @darkwyr Tweets: @bloombergquint : Watching cricket and playing rummy are online passions for millions of Indians, fueling a nascent gaming i...
Sources: YouTube's premium services have 800K+ subscribers in India and are growing faster than rival paid services including Spotify, Gaana, and JioSaavn
- YouTube said to sign up more than 800,000 users in the country — India is home to the video service's most-subscribed channel Tweets: @bloombergquint Tweets: @bloombergquint : YouTube has convinc...
Khatabook, which helps small Indian businesses record financial transactions digitally, raises $25M Series A from investors including GGV Capital, Sequoia India
Even as tens of millions of Indians have come online for the first time in recent years, most businesses in the nation remain offline.