Teabox, the company pioneered the concept of selling tea to direct to consumers online, has served up $7 million in fresh funding to grow its five-year-old business.
This new infusion of capital — last tea joke, I promise — is a Series B round that takes Teabox, which has head offices in India and Singapore, to just shy of $15 million in funding to date. The round was led by… Read More
Category: india
Uber settles lawsuit with woman who accused executives of obtaining medical records after she was raped
Uber has settled its lawsuit with a woman (Jane Doe) who accused its now-former CEO Travis Kalanick, president of business in Asia Eric Alexander and SVP of business Emil Michael of improperly obtaining her medical records after she was raped by an Uber driver in Delhi, India.
“A settlement has been reached and the Parties anticipate the case will be dismissed on or around January… Read More
This is the best response to someone who asks you where you’re ‘really’ from
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How many times do people get asked the uncomfortable question: “No, but where are you really from?” because of their ethnicity?
It still happens quite a lot, despite it being a form of “microaggression,” according to some social scientists.
A similar incident just occurred to London Mayor Sadiq Khan during his historic walk across the border between India and Pakistan.
BBC reporter Karl Mercer awkwardly asked him whether the symbolic visit felt “like coming home.”
The mayor replied: “Nah, home is south London mate.” Read more…
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View More This is the best response to someone who asks you where you’re ‘really’ fromFacebook co-founder’s B Capital leads $10M investment in Indian payment startup Mswipe
B Capital, the investment firm from Facebook co-founder Eduardo Saverin that is backed by BCG, has stepped into India after it backed smart point-of-sale company Mswipe in its first deal in the country. The U.S.-Asia fund is investing $10 million into Bangalore-based Mswipe alongside DSG Consumer Partners in what is an extension to a Series D round announced this summer. Originally pegged at… Read More
Why America could miss out big time on India’s fintech revolution
There’s an old trope in the West that India is like Indian trains — exotic, lurching and slow. But tropes can be bad as a business strategy — and this trope is causing American companies to miss out on Indian moonshots and trillion-dollar opportunities. This article focuses on fintech, which is leapfrogging in a way traditional banking never could. Read More
Google just launched a new version of Android for low-budget phones
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Google wants to make sure everyone can access Android, even those who can’t afford fancy phones.
The company announced today that Android Oreo (Go Edition) will be launching alongside Android 8.1. The new operating system is optimized for entry-level smartphones — small, often prepaid phones like the Samsung Galaxy J3, the Motorola MOTO G, or Apple’s iPhone SE, which can sell for less than $400.
There are currently more Android users in India than there are in the U.S., according to Google, and the company has its sights set on the “billions more” who don’t yet have access. Read more…
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View More Google just launched a new version of Android for low-budget phonesIndia’s prime minister is the second most-tweeted world leader after Trump
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Narendra Modi is killing it on Twitter.
Not only does the Indian prime minister have 37.5 million followers, he’s also the most tweeted about world leader in the world — after Trump of course.
Modi is also the most followed head of state across the Asia-Pacific region by far, with Indonesia’s President Joko Widodo coming in second with 9.1 million followers, according to a press release from Twitter.
What does it take to amass such a huge following?
For one, the Prime Minister tweets almost every other day, and he’s not afraid of sending out numerous tweets on the same day. On Dec. 1 for example, he sent out a grand total of eight tweets. Read more…
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View More India’s prime minister is the second most-tweeted world leader after TrumpGoogle Maps launches support for two-wheel vehicles, starting with India
Google Maps will support two-wheel vehicle navigation, offering directions to better suit scooters and motorcycles.
It’s starting first with India, before expanding the feature to other countries, Google announced in an event Tuesday in Delhi.
SEE AL…
Uber’s Indian rival Ola begins offering a bicycle-sharing service
Ola, the company battling Uber in India, has turned to pedal power after it introduced a bike-sharing service. China’s Didi Chuxing and Grab in Southeast Asia have invested in bike-sharing companies, which offered dock-less bikes that users can pick up across a city and leave anywhere they want when they’re done, and now Ola — which recently raised $1.1 billion in fresh… Read More
Graphic India raises $5M to build a Marvel-like digital comic brand for India
It’s been some time since we wrote about Graphic India, a new media startup that believes India should have its own home-grown answer to cartoon empires like Marvel. The 30-person company been busy developing its IP and bringing its creations to audiences via film and TV since we last covered it in 2015, when it raised $2.5 million from investors, and now it has added to that war… Read More
Breathing the New Delhi air is at times equivalent to smoking 45 cigarettes per day
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Pollution in India’s capital city has skyrocketed to dangerous levels. At times, just breathing in the outside air can be equivalent to smoking 45 cigarettes per day.
Smog in New Delhi arises from various sources like late fall weather patterns, which limit the movement of air masses, agricultural fires, factories, power plants, and vehicles. Read more…
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View More Breathing the New Delhi air is at times equivalent to smoking 45 cigarettes per dayCo-founder of unicorn InMobi is launching a bike-sharing startup in India
Over in India, there are a handful of startups working to get the country’s billion-person population on bikes. One of them is Yulu, co-founded by Amit Gupta, who formerly co-founded profitable, billion-dollar startup InMobi. In the next three to four weeks, Yulu will launch its bike-sharing service in Bangalore with a few hundred bicycles. Yulu is starting with regular, dockless… Read More