Tag: india
How China’s Realme sold 50 million phones in just over 2 years
Starting a new phone brand in 2018 might seem too late in an already crowded market, but Sky Li was convinced that consumers between 18-25 years old were largely under-served — they needed something that was both affordable and cool. A few months after Li founded Realme in May that…
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Payments app True Balance raises $28 million to reach more underbanked users in India
True Balance, a South Korean startup which runs an eponymous financial services app aimed at tens of millions of users in small cities and towns in India, said on Wednesday it has raised $28 million in a new financing round and expects to turn a profit next year. SoftBank Ventures…
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Ride Vision raises $7M for its AI-based motorcycle safety system
Ride Vision, an Israeli startup that is building an AI-driven safety system to prevent motorcycle collisions, today announced that it has raised a $7 million Series A round led by crowdsourcing platform OurCrowd. YL Ventures, which typically specializes in cybersecurity startups but also led the company’s $2.5 million seed round…
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Reliance Retail buys Urban Ladder for $24.4 million
Reliance Retail has acquired a majority stake in furniture and decor platform Urban Ladder, making a broader push into e-commerce as the largest retail chain in India gears up to fight Amazon and Flipkart. In a filing to the local stock exchange, Reliance Retail said it had acquired a 96%…
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Renewable power represents almost 90% of total global power capacity added in 2020
Bucking the slowdown in most of the power sector caused by responses to the COVID-19 pandemic, renewable energy actually grew in 2020, and will represent about 90% of the total power capacity added for the year, according to the International Energy Agency. A surge in new projects from China and…
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Amazon to invest $2.8 billion to build its second data center region in India
Amazon will invest about $2.8 billion in Telangana to set up a new AWS Cloud region in the southern state of India, a top Indian politician announced on Friday. The investment will allow Amazon to launch an AWS Cloud region in Hyderabad city by mid-2022, said K. T. Rama Rao,…
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