IIFL Launches $280 Mn Fund To Invest In Pre-IPO Rounds Of Tech Startups

India, March 23 -- The asset management arm of financial services group IIFL has launched a INR 1,500 Cr ($207 Mn) fund to invest in the pre-initial public offering (IPO) and late-stage rounds of digi... Read More

Supreme Court Stays All High Court Cases Against OTT Regulation, Censorship

India, March 23 -- The Supreme Court of India on Tuesday (March 23) stayed proceedings of cases seeking regulation of content on over-the-top (OTT) platforms, including Netflix, Amazon Prime Video and... Read More

India Says Its System Can Add Traceability To Encrypted WhatsApp Chats

India, March 23 -- The government of India claims it has found a way around preserving end-to-end encryption in WhatsApp chats, while also enabling traceability of the messages to the origin. While t... Read More

Jio To Launch Low-Cost 5G Phone, Laptop In Partnership With Google

India, March 22 -- Reliance Industries' digital venture Jio Platforms may launch its first low-cost 5G smartphone in partnership with tech giant and investor Google at its annual general meeting (AGM)... Read More

Mobikwik Seeks Unicorn Valuation After IPO In September

India, March 22 -- Gurugram-based digital payments company Mobikwik's plans to go for an initial public offering (IPO) by September 2021 has started gaining some momentum, as it is planning to file th... Read More

Student Biotech Startup Bags $10 Mn From UAE Firm For Its Seaweed Innovation

India, March 22 -- A student biotech startup Zaara Biotech, which was incubated under Sahrdaya Technology Business Incubator (Sahrdaya TBI), has bagged an investment of $10 Mn from UAE-based TCN Inter... Read More

Future Retail Gets Temporary Relief In Amazon Case, But Reliance Deal Still On Hold

India, March 22 -- Kishore Biyani-led Future Retail has got a breather once again as the Delhi high court today (March 22) stayed the order from March 18, 2021, which upheld the Singapore arbitrator's... Read More

Chinese Investors Exit KreditBee In $70 Mn Series C Round

India, March 22 -- Almost a month after raising $75 Mn (INR 544 Cr), lending tech platform KreditBee has secured another $70 Mn (INR 507 Cr) in the second tranche of its Series C round. This latest in... Read More

Data Of 26K Indian Websites Leaked In 2020 Amid Delays In National Cybersecurity Policy

India, March 18 -- Over 26,100 Indian websites were hacked in 2020 as per the data recorded by the state-owned Indian Computer Emergency Response Team (CERT-In), the minister of state for electronics ... Read More

Electric Vehicles This Week: Tesla Rival Triton Sets Up Shop In India, Euler Funding & More

India, March 18 -- New Jersey-based electric vehicle (EV) giant Triton has registered an Indian subsidiary 'Triton Electric Vehicles India Private Limited' in New Delhi to take on its rival Tesla, whi... Read More