Walmart-backed PhonePe winds down its Pincode app in yet another e-commerce step back
Walmart-backed PhonePe is discontinuing its Pincode e-commerce app as part of a strategic pivot away from consumer-focused quick-commerce. The decision follows challenges in competing within India’s saturated online retail...
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After intense backlash, India pulls mandate to preinstall government app on smartphones
India has abandoned its plan to mandate preinstallation of the Sanchar Saathi government app on smartphones due to public backlash and privacy concerns. The telecom ministry clarified the app...
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Google teams up with Accel to hunt for India’s next AI breakouts
Google and Accel have launched a joint initiative to invest in India’s early-stage AI startups, offering up to $2 million per company through Accel’s Atoms program. The partnership focuses...
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India’s TCS gets TPG to fund half of $2B AI data center project
Tata Consultancy Services (TCS) has partnered with private equity firm TPG to fund half of a $2 billion initiative aimed at building AI-powered data centers in India. The project,...
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Sequoia-backed fintech Aspora will let Indian diaspora pay bills back home
Sequoia-backed fintech Aspora is introducing a feature that lets Indian diaspora members pay bills in India directly. Non-resident Indians (NRIs) can now settle utility bills or recharge mobile plans...
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Pine Labs gets warm market welcome on $440M India IPO despite a valuation trim
Pine Labs, a payment technology company backed by PayPal and Mastercard, successfully launched its $440 million IPO in India, closing the first day of trading 14% higher despite a...
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Uber quietly pilots in-app video recording for drivers in India
Uber is testing in-app video recording for drivers in India to address misconduct claims, following reports of rider threats and false complaint risks. Drivers in Delhi-NCR regions face pressure...
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Figma bets on India to expand beyond design
Figma is expanding its operations in India by establishing a local office and hiring local talent to strengthen its presence in one of its largest user communities. The company...
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