Info Edge, reeling from Rahul Yadav’s startup loss, now writes off Bijnis

Info Edge, the largest shareholder in Bizcrum Infotech, the holding firm of Bijnis, has written off its entire investment in the Indian startup, citing “principles of conservatism and prudence,” in the latest drastic market correction in the fast-growing South Asian ecosystem grappling with the weakening global economy. The publicly listed Indian investor had invested about […]

Info Edge, reeling from Rahul Yadav’s startup loss, now writes off Bijnis by Manish Singh originally published on TechCrunch

OpenAI’s ChatGPT iOS app now available in Canada, India, Brazil and 30 more countries

OpenAI has expanded the availability of its ChatGPT app for iOS users in India and 32 other countries — just a week after its launching it in the U.S. The list of new countries include Algeria, Argentina, Azerbaijan, Bolivia, Brazil, Canada, Chile, Costa Rica, Ecuador, Estonia, Ghana, India, Iraq, Israel, Japan, Jordan, Kazakhstan, Kuwait, Lebanon, […]

OpenAI’s ChatGPT iOS app now available in Canada, India, Brazil and 30 more countries by Jagmeet Singh originally published on TechCrunch

Top Indian tech advocacy group replaces Big Tech execs following criticism

The Internet and Mobile Association of India, an influential tech industry body, has appointed Dream Sports co-founder and chief executive Harsh Jain as the new chairperson of the association, bucking the tradition of giving the top roles to Big Tech executives after receiving criticism from many Indian startups. Rajesh Magow, co-founder and group chief executive […]

Top Indian tech advocacy group replaces Big Tech execs following criticism by Manish Singh originally published on TechCrunch

Rajeev Chandrasekhar, Indian IT minister, pledges support for crypto and web3

Minister Chandrasekhar highlighted the primary objective of the Digital India Act (DIA) to provide a secure and reliable online environment for all digital projects.

Amazon backs Indian kids fashion brand Hopscotch in $20M funding

Hopscotch, an Indian brand offering fashion wear for kids, has raised $20 million in a funding round led by Amazon amid the ongoing market slowdown and funding crunch that have significantly impacted young firms in the South Asian nation. The Mumbai-headquartered startup’s Series E financing round also saw participation from existing investors including IIFL Seed […]

Amazon backs Indian kids fashion brand Hopscotch in $20M funding by Jagmeet Singh originally published on TechCrunch

Reliance’s Zivame customers say their accounts were hacked

Some customers of Zivame, an Indian online women’s intimate apparel store owned by Reliance Retail, have complained that their accounts were hacked, leading to the exposure of their personal information, including their full names, phone numbers and email addresses. Over the past few weeks, alleged data from Zivame has been sold by hackers on multiple […]

Reliance’s Zivame customers say their accounts were hacked by Jagmeet Singh originally published on TechCrunch

Matrix Partners expands new India fund to $525 million

Matrix Partners India has extended the target size for its current fund to $525 million, from $450 million it disclosed earlier, joining a burgeoning roster of venture capital funds intending to deploy in excess of half a billion dollars for new investment initiatives in the South Asian market. The Indian firm, whose portfolio includes Razorpay […]

Matrix Partners expands new India fund to $525 million by Manish Singh originally published on TechCrunch