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More than 118 million users watch microdramas every month as the serialized format has taken off in India. EloElo’s Story TV is one of the top apps for microdramas, with over 33 million active users, according to analysts. Banking on that scale, the company has raised $80 million in Series C from Hornbill Capital and…
Google has launched its experimental AI app Dreambeans in India, its first market outside the U.S., as the company looks to tap the world’s second-largest internet market to bring personalized visual stories drawn from users’ digital activity to a broader audience. On Monday, Google expanded Dreambeans, available on Android and iOS, to India with support…
Flipkart, the Walmart-owned Indian e-commerce giant, is preparing to challenge India’s food-delivery duopoly of Zomato and Swiggy. It is entering a fiercely competitive market that has defeated even previous attempts by Amazon and Google to break in. The Bengaluru-based company is testing its food-delivery service internally and has expanded the trial from a few hundred…
Even Healthcare has raised $50 million in a funding round led by Khosla Ventures, as the Indian startup seeks to change how hospitals in the world’s most populous country make money and how doctors are rewarded. The all-equity Series B round also saw participation from Alpha Wave and valued it at $300 million, triple its…
AI agents from multiple providers accessed personal data and confidential material at Indian organizations during research and testing, India’s cybersecurity agency said Thursday. The Indian Computer Emergency Response Team (CERT-In) said it had received “multiple voluntary disclosures from AI model providers” whose models, during research and evaluation runs on the open internet, “had reached the…
Design platform Figma announced a new Markdown-based editor to help define a company’s design, bring in design and code libraries, and integrate with the Payload headless content management system during the company’s first Config event in India. Through some of these features, the company aims to provide a definition for its own and third-party agents…
As manufacturers across industries strive to reduce their reliance on Chinese suppliers, Indian startup Scimplify has raised $25 million to expand its AI-powered approach to producing specialty chemicals and critical materials, with semiconductors, defense and energy emerging as key growth markets. The all-equity strategic round was led by Hitachi Ventures, with customers Henkel and Teknor…
Bitchat, Jack Dorsey’s decentralized messaging app designed to work without an internet connection, has disappeared from Apple and Google’s app stores in India, months after New Delhi first sought to restrict access to the open-source software. Dorsey said Saturday that the Indian government had ordered Apple to remove Bitchat from its App Store in the…
Peak XV Partners, one of the largest venture capital firms investing in markets including India and Southeast Asia with more than $10 billion in assets under management, has increased how much it invests per startup through Surge, its seed-stage investing platform, as it unveils a new cohort of 18 companies. At least three of the…
After more than a decade building a caller ID business serving over 500 million users, Truecaller is now taking the scam intelligence it gathered along the way to the open web, with no app or sign-in required. The Swedish company on Sunday launched Scam Checker, a new web and Android service that lets users paste…