Indian telcos Vodafone Idea and Airtel post $10.3 billion in combined quarterly losses

It’s not a good day for two of the top three telecom operators in India. Vodafone Idea, India’s second largest telecom operator by subscriber count, said its consolidated loss had widened to $7.14 billion in the quarter that ended in September in what is the largest-ever quarterly loss witnessed in the nation on Thursday. The […]

India to spend $6 billion to revive telecom operators BSNL and MTNL

India said on Wednesday it plans to spend nearly $6 billion to revive loss-making state-funded telecom operators Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL). In a press conference, telecom minister Ravi Shankar Prasad said today the Narendra Modi government has given its in-principle approval to the merger of BSNL and MTNL […]

Indian startups have raised a record $11.3B this year

With two months of 2019 still to go, Indian tech startups are already having their best year as a record amount of capital flows into the local ecosystem in a major rebound since the darkened funding environment in 2016. The unlisted tech startups in India have raised $11.3 billion this year, a substantial jump from […]

Khatabook raises $25M to help businesses in India record financial transactions digitally and accept online payments

Even as tens of millions of Indians have come online for the first time in recent years, most businesses in the nation remain offline. They continue to rely on long notebooks to keep a log of their financial transactions. A nine-month old startup which is digitizing the bookkeeping and allowing merchants to accept online payments […]

India’s Haptik acqui-hires Los Angeles startup Convrg in international expansion push

Mumbai-based Haptik, which operates a conversational AI platform, has already won several high profile clients in India. Now the five-year-old firm, with newly found significant capital in the bank, is attempting to replicate its success in international markets. On Tuesday, Haptik announced it has acqui-hired Convrg, a Los Angeles-based startup that develops chatbots, to serve customers in […]

Samsung backs Indus OS, three other startups in first investments for its VC arm in India

Samsung Venture, the investment arm of the South Korean technology giant, has invested $8.5 million in Indus OS and three other Indian startups as the company’s VC fund begins its journey in the country. Indus OS is a popular Android fork that has built a suite of localized applications focused on serving the masses in […]

Reliance Jio partners with Facebook to launch digital literacy program for first time internet users in India

Mukesh Ambani, India’s richest man, has enabled tens of millions of people — if not more — to come online for the first time with his disruptive telecom network. He has changed how many Indians, once thrifty about each megabyte they spent browsing the internet, consume mobile data today. But many of these first time […]

Anti-spam service Truecaller adds free voice calling feature

Truecaller, an app best known for helping users screen calls from strangers and spammers, is adding yet another feature to its service as it bolsters its super app status. The Stockholm-based firm said today that its app can now be used to place free VoIP-powered voice calls. The company told TechCrunch on Tuesday that it […]