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India’s financial services firm Paytm raises $1B

India’s financial services firm Paytm raises B Paytm said on Monday it has raised $1 billion in a new financing round as the Noida-headquartered firm, which once dominated the local mobile payments market, attempts to fight back giants Google, Walmart’s PhonePe, and Facebook. The company said the new financing round, dubbed Series […]

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Amazon now sells movie tickets in India

Amazon now sells movie tickets in India Amazon has set its eye on the next business it wants to disrupt in its key overseas market India: online movie tickets. The e-commerce giant said Saturday it has partnered with local online movie ticketing giant BookMyShow to introduce booking option on Amazon India shopping […]

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India’s Darwinbox raises $15M to bring its HR tech platform to more Asian markets

India’s Darwinbox raises M to bring its HR tech platform to more Asian markets An Indian SaaS startup, which is increasingly courting clients from outside of the country, just raised a significant amount of capital to expand its business. Hyderabad-based Darwinbox, which operates a cloud-based human resource management platform, said on Thursday […]

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The emergence of super apps in Latin America

The emergence of super apps in Latin America Thiago Paiva Contributor Share on Twitter Thiago Paiva is a fintech entrepreneur, writer and investor. He is the co-founder of Liquia Digital Assets, an investment platform for international investments using blockchain technology. The super apps WeChat and Alipay became an integral part of the […]

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Paytm’s annual loss doubles to $549M

Paytm’s annual loss doubles to 9M Running a payments business in India is not cheap. Just ask Paytm . One of India’s largest payment companies reported a net loss of Rs 3959 crore ($549 million) for the financial year that ended in March, up 165% over 1490 crore ($206 million) in the […]

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Alibaba’s UCWeb to launch an e-commerce service in India

Alibaba’s UCWeb to launch an e-commerce service in India UCWeb, a subsidiary of Chinese giant Alibaba Group, plans to launch an e-commerce service in India in the coming months. In a statement to TechCrunch, a UCWeb spokesperson said the firm plans to build an e-commerce service around content platforms in India. The […]

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India’s GoWork raises $53M in debt financing to expand its co-working spaces business

India’s GoWork raises M in debt financing to expand its co-working spaces business GoWork, a Gurgaon-based startup that runs a co-working spaces business in India, said on Tuesday it has raised $53 million in a debt round to scale its business in the country as competition in the market, including from recent […]

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The scientist behind Juul launches a Juul alternative for China

The scientist behind Juul launches a Juul alternative for China The chemist who helped create the magic sauce behind Juul, Xing Chenyue, unveiled the product of her new startup Myst Labs this week after two years of development: electronic cigarette alternatives designed for China’s 350 million smokers, the world’s biggest smoking population. […]

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What lower Netflix pricing tells us about competing in India

What lower Netflix pricing tells us about competing in India At a conference in New Delhi early last year, Netflix CEO Reed Hastings was confronted with a question that his company has been asked many times over the years. Would he consider lowering the subscription cost in India? It’s a tactic that […]

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EBay picks 5.5% stake in India’s Paytm Mall

EBay picks 5.5% stake in India’s Paytm Mall EBay said today it is buying a 5.5% stake in e-commerce marketplace Paytm Mall as the global firm makes another push to gain footprint in India’s fast-growing e-commerce market. The two firms did not disclose financial terms of the deal, but a source familiar […]

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