Tag: india
Halal fintech startup Wahed closes $25M led by Saudi Aramco’s investment arm
New York-based fintech startup Wahed (meaning ‘One’ in Arabic) describes itself as a digital Islamic investment platform and as the world’s first ‘halal robo adviser’. It’s now closed a $25 million investment round led by Saudi Aramco Entrepreneurship Ventures (also known as Wa’ed Ventures), a venture capital investment arm of oil…
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Tibet to become China’s data gateway to South Asia
A sprawling 645,000-square-meter data facility is going up on the top of the world to power data exchange between China and its neighboring countries in South Asia. The cloud computing and data center, perched on the plateau city Lhasa, the capital of Tibet, and developed by private tech firm Ningsuan…
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Indian online travel booking firm Yatra terminates merger deal with Ebix
Indian online travel booking company Yatra has terminated a pending merger agreement with Atlanta-based software firm Ebix and filed a litigation seeking “substantial damages” over alleged breach of deal terms. In July last year, Ebix announced its plan to acquire Yatra, giving the Indian firm an enterprise value of $337.8…
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YC-backed Tajir raises $1.8M to help mom-and-pop stores source inventory in Pakistan
A number of high-profile firms and startups have set up logistics networks in India in the last decade as they attempt to digitize neighborhood stores. Bangalore-headquartered startup Udaan, for instance, works directly with brands and sellers to source inventory and sells and delivers it to stores through its business-to-business marketplace.…
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India’s Reliance Jio Platforms to sell $1.2 billion stake to Mubadala
Abu Dhabi-based sovereign firm Mubadala has become the latest investor in Mukesh Ambani’s Reliance Jio Platforms, joining five American firms including Facebook and Silver Lake that have secured stakes in India’s biggest telecom operator at the height of a once-in-a-century global pandemic. Mubadala said it had agreed to invest $1.2…
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Amazon reportedly considering $2 billion stake in Indian telecom operator Bharti Airtel
Amazon .com may follow its American peer Facebook’s footsteps in securing a slice of India’s booming telecom market. The e-commerce giant, which has invested over $6.5 billion in India, is in early-stage talks to buy a 5% stake worth at least $2 billion in Bharti Airtel, the third-largest telecom operator…
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