The Latest from Manish Singh
Walmart-backed PhonePe set to challenge Google’s dominance with app store in India
Indian fintech giant PhonePe is preparing to launch a dedicated app store for Android users in India, the latest product push from the Walmart-backed firm that commands the mobile payments market in t
Apple opens its first retail store in India but customer challenges persist
Apple chief executive Tim Cook opened the first Apple store in India on Tuesday in a significant milestone for the iPhone maker roughly 25 years after entering the South Asian market. During his India
US tech giants warn India’s fact-checking rule will ‘profoundly infringe’ on press freedom
The Asia Internet Coalition, an influential industry organization representing technology giants such as Facebook, Twitter, Google, Apple and Amazon, has voiced concerns over a recent amendment to Ind
Apple ‘excited to build on our long-standing history’ in India, says Tim Cook ahead of first retail stores opening
Apple now supports more than 1 million developer jobs in India, and App Store payouts to them in India have more than tripled since 2018, the company said as it gears up major expansion in the South A
James Murdoch’s fund slashes investment in Reliance-backed Viacom18
James Murdoch’s venture fund Bodhi Tree slashed its planned investment into Viacom18 to $528 million, down 70% from the committed $1.78 billion, the two said late Thursday as the weakening global ec
Apple leads charge as India’s smartphone exports double in record surge
India’s smartphone exports have more than doubled, reaching over $11 billion in the fiscal year that ended in March, according to trade data examined by the industry body India Cellular and Elec
General Atlantic invests another $100 million in PhonePe
General Atlantic has poured another $100 million into PhonePe, three months after leading a $350 million investment in the Indian fintech startup that has so far raised $750 million in an ongoing fina
Apple to open first India retail stores next week, signaling growth ambitions in emerging market
Two decades after entering India, Apple is gearing up to launch its first set of retail stores in the populous South Asian nation, signaling the tech giant’s growing interest in the market. Appl
India’s central bank abandons UPI rival project
India’s central bank has halted its plans for a high-profile project intended to rival the nation’s dominant payment system, Unified Payments Interface. The project had attracted significa
Anthropic’s $5B, 4-year plan to take on OpenAI
AI research startup Anthropic aims to raise as much as $5 billion over the next two years to take on rival OpenAI and enter over a dozen major industries, according to company documents obtained by Te
India to require Facebook and Twitter rely on gov’t fact checking
India amended its IT law on Thursday to prohibit Facebook, Twitter and other social media firms from publishing, hosting or sharing false or misleading information about “any business” of
India opts against AI regulation
India does not plan to regulate the growth of AI within the South Asian market, identifying the sector as a “significant and strategic” area for the nation. This stance arrives at a time w
Apple readies opening of its first retail store in India
Apple has lifted the curtains on its first retail store in India, situated at Jio World Drive Mall, Mumbai.
Walmart-backed payments giant PhonePe makes e-commerce push
In a move reminiscent of its successful early bet on the government-backed UPI network seven years ago, PhonePe, India’s leading mobile payments app, is now setting its sights on the e-commerce
Sequoia-backed Zamp Finance makes it easier for businesses to invest in US Treasury Bills
Sequoia-backed Zamp Finance simplifies the process for businesses to invest their excess capital in US Treasury bills.
US investors slash Byju’s and Swiggy valuation
Byju's and Swiggy, among the biggest Indian startups, are taking a haircut in their valuations — at least in the eyes of their backers.
Ambani bats for cricket glory as Disney scales back in India
Mukesh Ambani’s Jio, the South Asian telecom powerhouse, has long sought to entice its customer base with a plethora of services aimed at boosting subscriber retention. Despite amassing over 425
Reliance-backed Dunzo nears fresh funding of $50 million
Reliance Retail and Google, two existing backers of Dunzo, are among those holding discussions to invest in the new round, sources said.
Google wins partial relief in Android antitrust case in India
Google received some relief in its key market of India after a tribunal court set aside four of 10 directives from the country's competition regulator.
Distressed Indian startup GoMechanic acquired by Lifelong Group-led consortium
A Lifelong-led consortium has acquired the distressed firm GoMechanic months after the Sequoia India-backed startup admitted “grave errors.”