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PayPal is shutting down domestic payments business in India

PayPal is shutting down its domestic business in India, less than four years after the American giant kickstarted local operations in the world’s second-largest internet market. “From 1 April 2021

Former Paytm execs team up to chase gold in India

Most Indians can’t access credit from formal financial institutions because they don’t have a credit score of any form to prove their creditworthiness. As an alternative, they look at info

India proposes social security benefits for gig workers in annual budget

India’s Finance Minister Nirmala Sitharaman proposed in the annual budget Monday a handful of benefits for the startup ecosystem and to accelerate the growth of digital services as the South Asian n

WhatsApp faces legal challenge over privacy in its biggest market

WhatsApp is facing a legal challenge in India, its biggest market, after a petition was filed Thursday before Delhi High Court over the upcoming change in the Facebook-owned app’s data-sharing polic

Indian startups raised $9.3 billion in 2020

The coronavirus pandemic — and a handful of other factors — slowed dealmaking for startups in India this year. Compared to their record $14.5 billion fundraise last year, Indian startups a

From India’s richest man to Amazon and 100s of startups: The great rush to win neighborhood stores

After spending more than a decade disrupting the neighborhood stores in the U.S. and several other markets, Amazon and Walmart are employing an unusual strategy in India to face off this competitor: F

PhonePe raises $700 million, becomes a separate entity

PhonePe, the crown jewel in Flipkart’s acquisition by Walmart, is “partially” spinning off, the Bangalore-based financial services firm said on Thursday. To kick off its new journey, the

India opens antitrust case against Google over its payments app

India’s antitrust watchdog has opened an investigation into Google for allegedly abusing the dominant position of its app store to promote its payments service in the world’s second largest intern

Google and Walmart face growth hurdles as India caps payments transactions

Google and Walmart have a new challenge ahead of them as they race to expand the reach of their payments apps in India: They won’t be permitted to grow beyond a certain limit. National Payments Corp

Walmart’s PhonePe zips past Google Pay in India as UPI tops 2B monthly transactions

UPI, a four-year-old payments infrastructure built by India’s largest banks, surpassed 2 billion transactions last month, exactly a year after hitting the 1 billion monthly transactions milestone. D

SAIF Partners rebrands as Elevation Capital, secures $400 million for its new India fund

SAIF Partners has raised $400 million for a new fund and rebranded the 18-year-old influential venture capital firm as it looks to back more early-stage startups in the world’s second largest intern

Google delays mandating Play Store payments rule in India to April 2022

Google is postponing to April 2022 the enforcement of its new Play Store billing rule in India, days after more than 150 startups in the world’s second largest internet market forged an informal coa

Airbnb nears IPO as Asana and Palantir land their direct listings

World events have so far not stopped the enthusiasm for tech investing, and really, where else are those dollars going to go?

This Week in Apps: Google Play gets new rules, Apple launches app marketing tools, EU looks to rein in tech giants

Welcome back to This Week in Apps, the TechCrunch series that recaps the latest OS news, the applications they support and the money that flows through it all. The app industry is as hot as ever, wi

Indian startups explore alliance and alternative app store to fight Google’s ‘monopoly’

Google, which reaches more internet users than any other firm in India and commands 99% of the nation’s smartphone market, has stumbled upon an odd challenge in the world’s second-largest internet

Indian mobile gaming platform Mobile Premier League raises $90 million

Mobile Premier League (MPL) has raised $90 million in a new financing round as the two-year-old Bangalore-based esports and mobile gaming platform demonstrates fast-growth and looks to expand outside

Thanks to Google, app store monopoly concerns have now reached India

Last week, as Epic Games, Facebook and Microsoft continued to express concerns about Apple’s “monopolistic” hold over what a billion people can download on their iPhones, a similar story unfolde

This Week in Apps: iOS 14’s surprise arrival, Apple’s app bundle, TikTok & WeChat banned from app stores Sunday

Welcome back to This Week in Apps, the TechCrunch series that recaps the latest OS news, the applications they support and the money that flows through it all. The app industry is as hot as ever, wi

Google pulls India’s Paytm app from Play Store for repeat policy violations

Updated at 13:30 GMT / 07:00 PM IST: The Paytm app is back on the Google Play Store. Our original story follows. Google has pulled the popular Indian financial services app Paytm from the Play Store f

Amazon-backed Indian insurtech startup Acko raises $60 million

A young Indian startup that is taking on the country’s antiquated insurance industry with a digital-first product — and which has already received backing from global giant Amazon — toda
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