Tag: india
Amazon launches miniTV, a free video streaming service, in India
Amazon, which already charges some of the world’s lowest fees for Prime Video in India, is going a step further to win more users in the world’s second largest internet market. The e-commerce giant on Saturday launched miniTV, an ad-supported video streaming service that is available within the Amazon shopping app…
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Why SPACs aren’t targeting African startups
One. That’s the number of African tech companies that have gone public on the NYSE in the last 10 years. Two, if you’re counting local exchanges. The former is African-focused e-commerce company Jumia and the latter is Egyptian fintech company Fawry. As a tech company, Fawry’s listing on the Egyptian…
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Vitalik Buterin donates $1 billion worth of ‘meme coins’ to India COVID Relief Fund
Vitalik Buterin, the creator of Ethereum, on Wednesday donated Ethereum and “meme coins” worth $1.5 billion in one of the largest-ever individual philanthropy efforts. Buterin transferred 500 ETH and over 50 trillion SHIB (Shiba Inu), a meme coin, worth around $1.14 billion at the time of transaction, to the India…
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Flipkart in early talks to raise $1 billion ahead of IPO
Indian e-commerce giant Flipkart has hit the market to raise about $1 billion at up to $30 billion valuation in a pre-IPO financing round, two people familiar with the matter told TechCrunch. The Bangalore-based startup, which sold majority stake to Walmart in 2018, began exploring funding opportunities with some investors…
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Payments, lending and neobanks rule fintechs in emerging markets, report says
Tech investments in emerging markets have been in full swing over the past couple of years and their ecosystems have thrived as a result. Some of these markets like Africa, Latin America, and India, have comprehensive reports by publications and firms on trends and investments in their individual regions. But…
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China expresses concern over its absence in India’s 5G trials
China expressed concern on Wednesday over India’s move to not grant any Chinese firm permission to participate in 5G trials in the world’s second-largest internet market as the two neighboring nations struggle to navigate business ties amid their geo-political tensions. India’s Department of Telecommunications earlier this week approved over a…
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