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Ola founder Bhavish Aggarwal is investing $230 million into an AI startup he founded as the country pushes to establish itself in a field dominated by U.S. and Chinese firms. Aggarwal is financing the investment in Krutrim largely through his family office, a source familiar with the matter told TechCrunch. In a post on X…
Presentations.ai, an Indian startup that uses AI to help companies quickly generate presentation decks, has raised $3 million in a seed round led by Accel to scale its software that has emerged from beta after amassing millions of users. Presentations are ubiquitous throughout a business journey — whether a large corporation or a startup —…
India has eased restrictions on its Aadhaar authentication service, a digital identity verification framework linked to the biometrics of over 1.4 billion people, to let businesses including those offering services such as e-commerce, travel, hospitality, and healthcare use the verification system to authenticate their customers. The update has raised privacy concerns as New Delhi has…
Chinese fast-fashion platform Shein has relaunched in India through a partnership with local conglomerate Reliance’s retail chain, nearly five years after it was banned amid diplomatic tensions between New Delhi and Beijing. The new Shein India Fast Fashion app, developed and launched by billionaire Mukesh Ambani’s Reliance Retail, marks the firm’s significant return to one…
India announced a new $1.15 billion Fund of Funds for startups on Saturday while unveiling sweeping regulatory reforms and an ambitious nuclear energy program, as New Delhi seeks to boost tech innovation and clean energy in the world’s fifth-largest economy. Finance Minister Nirmala Sitharaman, presenting the federal budget for 2025-26, said the fund builds on…
Apple’s AI suite, Apple Intelligence, will soon be available in French, German, Italian, Portuguese, Spanish, Japanese, Korean, and simplified Chinese, along with localized English versions for India and Singapore. During the company’s Q4 2024 quarterly results call on Thursday, CEO Tim Cook said that the company will roll out support for these additional languages in…
India’s IT minister on Thursday praised DeepSeek‘s progress and said the country will host the Chinese AI lab’s large language models on domestic servers, in a rare opening for Chinese technology in India. “You have seen what DeepSeek has done — $5.5 million and a very very powerful model,” IT Minister Ashwini Vaishnaw said on…
Elon Musk’s X has started expanding the rollout of its dedicated vertical video feed to users around the globe just days after its debut in the U.S., TechCrunch has exclusively learned and confirmed with the company. On Friday, TechCrunch spotted the new feature had appeared in various regions outside the U.S., including India, Australia, and…
Mukesh Ambani’s Reliance is planning to build what could become the world’s largest data center in Jamnagar, India, with a capacity of three gigawatts to capitalize on surging AI demand. The facility would dwarf the current largest data center, Microsoft’s 600-megawatt site in Virginia, Bloomberg reported Friday. The project could cost between $20 billion to…
Private equity firm Everstone has reached a deal to acquire a majority stake in Wingify, one of India’s earliest bootstrapped software-as-a-service success stories, for about $200 million, three sources familiar with the matter told TechCrunch. The deal, finalized this week, marks a significant exit for Wingify’s founder Paras Chopra, who built the SaaS startup without…