India’s Zoomcar raises $40M led by automotive giant Mahindra & Mahindra

 India’s Zoomcar — which operates an on-demand car rental service — has raised a $40 million Series C round led by Mahindra & Mahindra, the 70-year-old Indian corporation that specializes in automotive. Ford and other existing investors also took part in the round, Zoomcar confirmed. CEO and co-founder Greg Moran added that the round is still open and may be extended… Read More

Xiaomi beats Samsung to top spot in India’s smartphone market

 Xiaomi couldn’t have wished for better timing of two reports that claim it has toppled Samsung to become India’s top-selling smartphone company. The Chinese firm, which is reportedly on a roadshow ahead of an IPO that could value it as high as $100 billion, is said to have beaten Samsung’s sales efforts in India, the world’s second-largest smartphone market behind… Read More

Hike unbundles its messaging app to reach India’s next wave of smartphone users

 How do you compete with the world’s largest chat app in its strongest market? Hike, the Indian messaging app valued at more than $1 billion, is taking a unique approach to battling WhatsApp which involves dismantling its service, layering it on budget Android phones and offering free connectivity. The company, which is backed by the likes of Tencent and Foxconn, today unveiled… Read More

NiYO raises $13.2M to digitize payroll and employee benefits in India

 Fintech startup NiYO helps salaried employees access company benefits and other financial services, and now it has raised $13.2 million to offer its services to more of the country. Founded in 2015, NiYO partners with companies (employers) and banks to offer employees the opportunity to access their benefits, such as healthcare or food allowances, through a digital platform. That includes a… Read More

India’s national ID database is reportedly accessible for less than $10

 The nightmare is a reality in India. Reports from the country suggest that the government’s national ID system — Aadhaar, which holds personal data belonging to more than one billion people — was compromised. On the slight positive side, the breach wasn’t down to hackers — at least on this occasion. The access hole was publicized after Indian newspaper The… Read More

Alibaba Cloud is opening its first data center in India

 Alibaba is bringing its cloud computing business into India as it continues to expand its first-growing business unit. The Chinese firm said today that its first data center on Indian soil will come online in January and be based out of Mumbai. The business already has clients in India, but a local presence will allow it to better service customers in the country, it added. Beyond offering… Read More

Uber rival Ola buys Foodpanda India to get into food deliveries

 Ola, the Uber rival in India, is entering the food delivery space after it announced a deal to acquire Foodpanda’s India business from its parent company DeliveryHero. The deal will see Ola scoop up the Foodpanda India business with DeliveryHero taking an undisclosed amount of Ola stock in exchange. Undisclosed all-stock deals are usually indicative of a willingness to sell, and we… Read More

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