by Manish Singh | Apr 1, 2020 | News
Just three months after capping what was the best year for Indian startups, having raised a record $14.5 billion in 2019, they are beginning to struggle to raise new capital as prominent investors urge them to “prepare for the worst”, cut spending and warn that it...
by Manish Singh | Mar 31, 2020 | News
Xiaomi ended 2019 on a high, reporting a 27.1% year-over-year jump in the fourth-quarter revenue aided by overseas expansion, beating analysts’ estimation. The Chinese giant said sales in the fourth quarter jumped to 56.5 billion yuan ($8 billion), up from 44.42...
by Manish Singh | Mar 31, 2020 | News
Chinese e-commerce firm Pinduoduo said on Tuesday it had raised $1.1 billion in a private share placement that will enable its further expansion and allow it to capture “additional opportunities” during the times of uncertainty. The Nasdaq-listed firm said some of its...
by Manish Singh | Mar 27, 2020 | News
On-demand video streaming service Hooq said on Friday it has filed for liquidation after it failed to grow rapidly and cover its increasing operating costs. Hooq Digital, a joint venture between Singapore telecom group Singtel (majority owner), Sony Pictures, and...
by Manish Singh | Mar 26, 2020 | News
During a recent visit, Microsoft chief executive Satya Nadella reiterated his company’s commitment to India and revealed a new fund to help SaaS startups in the country. And then Nadella and Anant Maheshwari, president of Microsoft India, discussed the success story...
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