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Google To Establish Startup Hub In Madhya Pradesh: CM Mohan Yadav

India, Aug. 9 -- Google Cloud has proposed plans to set up a startup hub and a centre of excellence in Madhya Pradesh, state chief minister (CM) Mohan Yadav said. Yadav made the comments while speaki... Read More


SoftBank Sitting On Gross Gains Worth $285 Mn From Delhivery Investment

India, Aug. 8 -- Japanese tech investor SoftBank has said that it was sitting on a gross gain of $285 Mn (INR 2,393 Cr) from its investment (via Vision Fund I) in listed logistics unicorn Delhivery at... Read More


Nazara Gets Green Light To Acquire Bankrupt Smaaash Entertainment

India, Aug. 8 -- Online gaming major Nazara on Thursday (August 8) said that it has received the letter of intent (LoI) to acquire insolvency-ridden sports entertainment startup Smaaash Entertainment.... Read More


Unicommerce Closes IPO With 168X Subscription

India, Aug. 8 -- On the back of a strong traction from non-institutional investors (NIIs), enterprisetech startup Unicommerce's public issue was oversubscribed 168.3X on the final day of the bidding. ... Read More


Airtel Payments Bank Revenues Surpass INR 600 Cr Mark In Q1 FY25, Bottom Line Swells 41% YoY

India, Aug. 8 -- On the back of a surge in digital payments, Airtel Payments Bank saw its net consolidated profit jump 41% year-on-year (YoY) to INR 7.2 Cr in the quarter ended June 2024 (Q1). Revenu... Read More


Disney+ Hotstar Sheds 5 Lakh More Paid Users In Q3, ARPU Up 50% QoQ

India, Aug. 8 -- Streaming major Disney+ Hotstar continued to see a decline in its paid user base, shedding another 5 Lakh subscribers in the June quarter of 2024 (Q3). As per parent Walt Disney's fi... Read More


Jio In Talks To Use Meta's VR Software For A Potential VR Device

India, Aug. 8 -- Social media major Meta is reportedly in talks to licence its virtual reality (VR) software, Horizon, to Reliance Industries Ltd's (RIL's) digital arm Jio. The VR software will be ut... Read More


Delhi Police's Cyber Cell Unit Files FIR In $230 Mn WazirX Crypto Heist

India, Aug. 7 -- WazirX on Tuesday (August 6) said that a first information report (FIR) has been filed in connection with a $230 Mn cyberattack on the crypto exchange last month. In a post on X, Waz... Read More


Credit Card Spending Via UPI Touches INR 10K Cr Mark Per Month: NPCI CEO

India, Aug. 7 -- National Payments Corporation of India (NPCI) managing director and CEO Dilip Asbe has said that credit card spending via Unified Payments Interface (UPI) has touched the INR 10,000 C... Read More


The Derma Co On Track To Achieve INR 1,000 Cr ARR In 3-5 Years: Mamaearth

India, Aug. 6 -- Listed D2C unicorn Mamaearth's parent Honasa Consumer projects its skincare brand The Derma Co. to clock an annualised revenue run rate (ARR) of INR 1,000 Cr in the next three to five... Read More