articles by TechSamvad

Business

Payments startup Phi Commerce raises $4 million in Series A round led by BEENEXT

The company will utilise the funds to bolster its product offering, expand in existing markets and enter new geographies.

Business

Oyo raises Rs 54 crore is series F1 funding round from Hindustan Media Ventures

The fresh fundraising by the hospitality start-up came at a time when it is slowly recovering from the impact of coronavirus pandemic.

Business

Department of Telecommunications to hold spectrum auction on 1 March; invites applications

The DoT has fixed 12 January for the pre-bid conference and 28 January as the last date for seeking clarifications on its notice.

Business

BlackSoil Capital Pvt Ltd raises Rs 32 crore through non-convertible debentures

The company said 70 percent of the funds were raised from existing investors and that the funds will be deployed in mid- and growth-stage entities across sectors in the startup ecosystem.

Business

Paytm announces instant personal loans service for up to Rs 2 lakh within 2 minutes

Paytm has digitised the entire process for loan application and disbursal with no physical documentation required.

Business

Singapore International Arbitration Centre constitutes panel for final verdict on Amazon-Future case

The SIAC arbitration panel will pass the final verdict on whether Future Group can go ahead with its Rs 25,000 crore deal or not.

Business

Practically raises $4 million in funding round led by deep tech investor Siana Capital

The company had previously raised Series A funding of $5 Million in 2019. This takes the total funding raised by the company to $9 million.

Business

boAt raises $100 million in funding from New York-based private equity firm Warburg Pincus

The company will use the investment to widen its R&D capabilities and build and support a manufacturing ecosystem under the Make in India initiative.

Business

Urban Company's FY20 loss widens to Rs 155 crore, revenue doubles to Rs 263 crore

Urban Company's total expenditure on a consolidated basis grew 98.6 percent to Rs 418.25 crore in fiscal ended March 2020.

Business

Zomato's revenue doubles to Rs 2,743 crore, losses up 138 percent to Rs 2,386 crore

The Deepinder Goyal-led firm’s total expenses for the fiscal were reported as Rs 5,006 crore according to Tofler.

Business

Cred initiates ESOP buyback worth $1.2 million as part of Series C fundraise

The series C fundraising was led by its existing investor DST Global, along with Sequoia Capital, Ribbit Capital, Tiger Global, and General Catalyst.

Business

PhonePe revenue grows 74 percent in financial year 2020, losses fall amid IPO talk

The company saw a seven percent decline in net loss from Rs 1,904 crore in FY19 to Rs 1,771 crore in FY20, according to Tofler.

Business

UPI recorded 2.23 billion transactions worth Rs 4.16 trillion in December 2020 reports NPCI

This is a 1 percent jump in volume and a 6.4 percent surge in value for UPI from November which had seen 2.21 billion transactions worth Rs 3,90,999 crore.

India

Amazon will soon launch Marathi language support on its platform following controversy in Maharashtra

“Work has already begun to launch Marathi shopping experience and seller registration soon,” Amazon recently said in a tweet.

Business

Amazon has invested Rs 11,400 crore in India in the financial year 2019-2020

Amazon Seller Services, Amazon Wholesale (India), Amazon Pay (India) and Amazon Transportation Services saw their losses adding up to Rs 7,899 crore in FY20.

News & Analysis

Short-form video making mobile app MX TakaTak rolls out Rs 100 crore fund for creators

The ‘Creator Fund’ is aimed at helping content creators to use their creativity to make more engaging and impactful content.

Business

Agritech startup Gramophone has raised Rs 25 crore in a funding round led by Siana Capital

The fresh capital will be aimed for customer acquisition and to build an agronomic intelligence-backed full-stack platform for farmers.

Business

Investors pour $9.3 billion into Indian startups, a decline as compared to 2019 data shows

In 2019, domestic startups had raised a total of $14.2 billion from January 1 to December 23. The decline is primarily attributed to the outbreak of COVID-19.

News & Analysis

Asus to open 1,000 new retail points in India over the next year as the company plans on expanding its offline presence

Currently, the company has products available at over 6,000 retail points which include over 1,100 such points of sale as well as 5,000 traditional dealer shops.

News & Analysis

Indian short-video apps like Josh, Chingari capture 40 percent of TikTok India's market share: Report

Tiktok at its peak had about 170 million MAU (Monthly Active Users) and a 2 times MAU growth trend in 2 years.