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

Facebook 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 Mumbai-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

Co-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

Indian home healthcare platform Portea Medical raises $26M Series C

 Portea Medical, one of India’s biggest platforms for home healthcare visits, has raised $26 million in Series C funding to expand its service range. The round was led by Sabre Partners and MEMG CDC, with participation from returning investors Accel (which led Portea’s Series B two years ago), the World Bank Group’s International Finance Corporation and Qualcomm Ventures. Read More

India’s Uber rival Ola to license in-car entertainment tech to vehicle makers worldwide

 Ride-sharing companies the world over are branching out to go beyond just handling your car trips. In recent weeks we’ve seen Uber, the pioneer of the genre, announced its own Visa card while Southeast Asia’s Grab is developing a payment wallet that lets you pay for lunch, dinner and other small items. Now India-based Ola is doubling down out into in-vehicle entertainment after… Read More

India overtakes the US to become the world’s second largest smartphone market

 Move over America, India is now the world’s second largest smartphone market. That’s according to a new report from Canalys which claims smartphone shipments in India crossed the 40 million mark for the first time in Q3 2017 courtesy of 23 percent annual growth. That means that India has overtaken the U.S. on sales with only China ahead of it. Given the huge gulf in populations… Read More

The deal that never was: OYO says it didn’t acquire rival ZO Rooms after all

 There’s closure around one of the most curious tech deals out of India in recent times, but it isn’t the conclusion most will expect. OYO Rooms, the budget hotel network that raised $250 million in September from SoftBank’s Vision Fund and hotel giant China Lodging, confirmed today that it didn’t buy out close rival ZO Rooms despite plenty of evidence suggesting it… Read More

Google expands its public Wi-Fi program for emerging markets to Indonesia

 Google is launching its public Wi-Fi program, which offers free connectivity at railway stations and other locations such as universities, in Indonesia, the company announced today. The Indonesia launch is the first expansion of ‘Google Station’ — as the program is called — since it debuted in India some 18 months ago. The project is quite simple, it offers a free way… Read More

In India, an Uber for farm machinery aims to make a difference in rural areas

 Uber has inspired countless businesses to adopt its asset-light and on-demand approach to their industries. The examples are countless. Food delivery, dry cleaning, jet planes, home services rental bikes, or even phone chargers to name but a few — but how about farming equipment? That’s the case in India, where a startup called EM3 AgriServices is helping rural farmers literally… Read More