Tag: India

Richard Branson steps down as chairman of Virgin Hyperloop One

Richard Branson has reportedly stepped down from the chairman role of Virgin Hyperloop One. In a statement, cited by Reuters, Branson said that the company would require a more time than he could devote to the company. “At this stage in the company’s evolution, I feel it needs a more hands-on

Vahdam Teas raises $2.5M to grow its tea-commerce business in the US

Vahdam Teas, an India-based e-commerce startup that cuts the supply chain down to sell fresh teas online, has pulled in a $2.5 million Series B investment for growth in the U.S. and other global markets. The round comes from existing investor Fireside Ventures, a consumer brand-focused VC firm. It follows a

India’s new technology infrastructure has created a platform to build domestic tech giants

In the two years since Indian social media app ShareChat raised $4 million in funding from Lightspeed Ventures the converging trends of increasing smartphone use, wireless internet connectivity, and cashless banking have combined to create a new social media juggernaut. Now Lightspeed has confirmed that the company has raised an

China’s Didi Chuxing launches taxi-hailing service in Japan

China’s Didi Chuxing is fighting fires at home around passenger safety, but overseas the ride-hailing giant has moved into another new market after its taxi-booking service began operations in Japan. The service has gone live in Osaka, the city of nearly nine million people, and parts of the surrounding area including

SenseHawk, drone analytics for the solar industry, takes flight with $2M investment

The consumer market is just the tip of the iceberg for drones, which have the potential to deploy across a range of different industry verticals such as construction or agriculture. That’s the premise beyond SenseHawk, a U.S-India startup that specializes in using data captured by drones to develop insight for projects

Flipkart Acquires Israel-Based Upstream Commerce

Indian ecommerce poster boy Flipkart has finally taken its first step towards the international market, post its acquisition by global retailer Walmart. Flipkart has acquired Israel-based Upstream Commerce, one of the leading players in real-time pricing and product assortment optimisation solutions. Upstream Commerce was backed by YL Ventures as a leading investor from its

India’s budget hotel startup OYO raises $1B for international growth

OYO, the India-based startup that operates a network of budget hotels, has pulled in $1 billion in new funding to grow its business in China and expand into other international markets. The majority of the funding — $800 million, to be exact — is provided by SoftBank Vision Fund, Lightspeed Venture Partners, Sequoia

Middle East’s Careem is the latest ride-sharing unicorn to get an India-based tech team

India is the new tech outsourcing destination for ride-hailing companies. Southeast Asia’s Grab and Go-Jek both have sizable engineering teams in the country, and now that duo is joined by another billion-dollar company. Careem, which is based in the Middle East and valued at over $1 billion, has entered the