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Indian online pharmacy startup PharmEasy, once valued at $5.6 billion, is still about 92% below its peak valuation, according to new estimates by its investor Janus Henderson. According to the British-American global asset firm, which disclosed how it values its shares in the Indian startup in a securities filing, PharmEasy’s implied valuation at the end…
India, despite being home to 20% of the world’s chip designers, lacks a significant presence in the global semiconductor market. However, in recent months, the Indian government has begun investing in an effort to establish the country in semiconductors, as companies worldwide have adopted a “China-plus-one” strategy, seeking alternatives to China. BigEndian Semiconductors aims to…
Agriculture in India provides livelihood support to over 42% of its population, contributing 18% to the country’s GDP, according to government data. However, the agri-input market, which provides inputs for the sector — be it seeds, pesticides, herbicides, or cultivation and harvesting tools — largely relies on traditional channels, including local offline marketplaces. The sector…
Durex India, the Indian subsidiary of the British condom and personal lubricants brand, has exposed its customers’ personal information, including their full names and order details. Security researcher Sourajeet Majumder contacted TechCrunch this week about the issue of exposing sensitive customer data on the condom maker’s website. The brand’s website spilled customer names, phone numbers,…
Zepto co-founder Aadit Palicha told a group of analysts and investors on Tuesday that the Indian delivery startup anticipates growth of 150% in the next 12 months, a remarkable figure suggesting the fast-growing quick commerce market in India is showing no signs of slowing down. Palicha shared these insights during a call organized by an…
VerSe Innovation, India’s content tech unicorn that owns local language news aggregator Dailyhunt, digital newsstand platform Magzter and short-video app Josh, has acquired digital marketing firm Valueleaf Group in a cash and equity deal. Valueleaf will help VerSe to bolster its presence in the Indian digital ad space and build a significant retargeting platform, countering…
Planera, a construction-tech startup that offers scheduling and planning software for commercial construction projects, has raised $13.5 million in a new funding round. General contractors typically use legacy software such as Oracle Primavera P6 to manage commercial construction projects. These solutions require technical knowledge and do not have an intuitive interface, but contractors still use…
A-list celebrities and top politicians have descended on India‘s second-biggest city for the wedding of the youngest son of Mukesh Ambani, Asia’s richest man. Anant Ambani, 29, is marrying his longtime girlfriend, Radhika Merchant, also 29, in what has been dubbed the wedding of the year, turning heads for its display of enormous wealth and…
In a recent speech in the Nepalese capital of Kathmandu, Chen Song, the Chinese Ambassador, told the Nepalese people that they were unfortunate to “have a neighbor like India.” Chen warned Nepal of the dangers of trading with India, downplaying the importance of India-Nepal relations and instead encouraging a closer relationship with China. Geographically, culturally, politically…
The Group of 20 meeting in New Delhi spotlighted the angst in Brussels, Beijing and Washington toward India as the imperatives of diversifying away from single-source manufacturers in China clash with the difficulties of supporting the mercurial authoritarian government of Prime Minister Narendra Modi. For Modi, as the G-20 president, the discussions tested his leverage…