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Posts Tagged ‘india’

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 grows its user base and looks to expand outside of India. SIG, early-stage tech investor RTP Global, and MDI Ventures led MPL’s $90 million Series C financing round, with participation from existing investors ...

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 unfolded in India, the world’s second largest internet market, between a giant developer and the operator of the only other large mobile app store. Google pulled ...

India’s Zomato raises $100M from Tiger Global, says it is planning to file for IPO next year

Indian food delivery startup Zomato has raised $100 million from Tiger Global and is preparing for the next phase of its journey: An IPO. Tiger Global financed the capital through its investment vehicle Internet Fund VI, according to a regulatory filing. Info Edge, a major investor in Zomato, confirmed the development Thursday evening, adding that ...

Times Internet is growing despite influx of US tech firms in India

Times Internet said on Thursday it reaches more than 557 million active users in India each month and over 111 million users a day as several of its digital offerings demonstrated strong growth in the past year. The Indian conglomerate — which operates over three-dozen properties, including on-demand streaming services MX Player and Gaana, and ...

Groww, an investment app for millennials in India, raises $30M led by YC Continuity

Even as more than 150 million people are using digital payment apps each month in India, only about 20 million of them invest in mutual funds and stocks. A startup that is attempting to change that by courting millennials has just received a big backing. Bangalore-headquartered Groww said on Thursday it had raised $30 million ...

Reliance Retail to raise $1 billion from Silver Lake

Indian billionaire Mukesh Ambani’s retail venture Reliance Retail said on Wednesday it will raise $1.02 billion from Silver Lake, kickstarting a fundraising spree months after its sister venture Jio Platforms raised $20 billion. The investment from Silver Lake values Reliance Retail, the largest retail chain in India, at $57 billion, they said. Silver Lake will ...

This robotic coconut tree climber and harvester could save lives

India is experiencing a shortage of coconut harvesters. It's dangerous work, as harvesters must climb trees that are sometimes 50 ft tall. Once they reach the top of the tree they have to hack away at the stems with a machete, making their grip on the tree more tenuous. To deal with these problems, researchers ...

Google’s AI-powered flood alerts now cover all of India and parts of Bangladesh

India, the world’s second most populated nation, sees more than 20% of the global flood-related fatalities each year as overrun riverbanks sweep tens of thousands of homes with them. Two years ago, Google volunteered to help. In 2018, the company began its flood forecasting pilot initiative in Patna — the capital of the Indian state of ...