Tag: india
Amazon will build Fire TV Sticks in its first Indian manufacturing line
Amazon has announced that it will start manufacturing Fire TV sticks in India, marking the first time it has built any devices in the nation. They'll be built by a subsidiary of its manufacturing partner Foxconn, starting later this year outside… Source
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India lifts restrictions on mapping and surveying to help local firms
India said on Monday local firms will no longer need license or other permission to collect, generate, store and share geospatial data of the country, bringing sweeping changes to its earlier stance that it admitted hindered innovation. Until now, New Delhi required Indian firms to seek licenses and additional approvals…
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Jack Dorsey and Jay Z invest $23.6 million to fund Bitcoin development
Twitter and Square CEO Jack Dorsey and rapper Jay Z have created an endowment to fund bitcoin development initially in Africa and India, Dorsey said Friday. The duo is putting 500 bitcoin, which is currently worth $23.6 million, in the endowment called ₿trust. The fund will be set up as…
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India’s BharatPe valued at $900 million in new $108 million fundraise
India may soon have another fintech unicorn. BharatPe said on Thursday it has raised $108 million in a financing round that valued the New Delhi-based financial services startup at $900 million. Coatue Management led the three-year-old startup’s Series D round. Other six existing institutional investors — Ribbit Capital, Insight Partners, Steadview…
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Google-backed Dailyhunt and Josh’s parent firm raises over $100 million
VerSe Innovation, the parent firm of popular news and entertainment app Dailyhunt and short video app Josh, said on Monday it has raised over $100 million as part of a Series H financing round from Qatar Investment Authority and Glade Brook Capital Partners. The announcement follows another $100 million+ investment…
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India warns Twitter over lifting block on accounts and noncompliance of order
India has issued a notice to Twitter, warning the American social firm to comply with New Delhi’s order to block accounts and content related to a protest by farmers and not “assume the role of a court and justify non-compliance.” Failure to comply with the order may prompt penal action…
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