Mumbai-based Snapmint, a BNPL partner to brands that lets consumers pay in monthly instalments via India's UPI, raised a $125M Series B led by General Atlantic
Shashank Pathak / Entrackr :
Mumbai-based wealth management startup Dezerv raised a ~$40M Series C co-led by Premji Invest and Accel's Global Growth Fund, taking its total funding to ~$100M
Shashank Pathak / Entrackr :
During a Mumbai trade visit, UK PM Keir Starmer hailed India's digital ID program Aadhaar as a “massive success”, as the UK plans to introduce digital ID cards
www.ft.com/content/ce22...
Fractal Analytics, which became India's first AI unicorn in 2022, files for an IPO in Mumbai, aiming to raise ~$560M, which would value the company at $3.5B+
Saritha Rai / Bloomberg :
Mumbai-based online pharmacy Truemeds, which offers generic alternatives to branded drugs, raised $85M led by Accel at a $400M+ valuation, up from $110M in 2023
Jagmeet Singh / TechCrunch :
JioHotstar has grown its subscriber base from 50M in March to over 280M in May, driven by IPL cricket streams, nearing Netflix's global subscriber count of 300M
Subscriptions soar as JioStar consolidates rights for world's richest league in sport-mad nation — Krishn Kaushik and Chris Kay in Mumbai
Indian EV ride-hailing startup BluSmart appears to have suspended service a day after regulators launched a probe into Gensol, which shares its co-founders
clean energy experts Vidhi Taparia / Fortune India : BluSmart halts services amid Gensol crisis; Sebi action, funds crunch casts shadow on EV ride-hailing startup Prashant Tamta / DNA India : BluSmart...
Former staff, investors, and industry experts reflect on the demise of Dunzo, the Indian online delivery pioneer undone by mismanagement, competition, and more
Dunzo was a trailblazer in India's online delivery sector, but things went awry when it shifted from its core strength. Bluesky: @anup and @restofworld.org . Mastodon: @anniezaidi@mastodon.social X: @...
Trade data analysis: Mumbai-based Shreya Life Sciences exported 1,111 Dell PowerEdge XE9680 servers with AI chips, worth $300M+, to Russia from April to August
Trade-tracking data show that the Indian firm is selling top-end Dell servers optimized for artificial intelligence to Russia.