Apple on Friday launched its exclusive Apple Store app in India, deepening its retail presence in the world’s most populous country as the iPhone maker looks to capitalize on growing consumer demand. He applicationAvailable for download on the Indian App Store, it allows customers to purchase Apple products directly while receiving personalized shopping recommendations, the […]
Groww, India’s largest retail brokerage, is preparing to file for an initial public offering (IPO) in 10 to 12 months, seeking a valuation between $6 billion and $8 billion, sources told britcommerce familiar with the matter. The listing of the Bengaluru-based company would be the first initial public offering of a digital commerce platform in
India’s Largest Commerce App Groww Seeks $7 Billion Value in IPO– BC Read More »
Flipkart has hired Kabeer Biswas, co-founder of Indian delivery startup Dunzo, as the Walmart-owned e-commerce group expands its quick commerce business in the country. Biswas will lead Flipkart’s rapid commerce effort, called Flipkart Minutes, a source familiar with the matter told britcommerce. The move comes almost a year after Flipkart considered a possible acquisition of
Flipkart hires Dunzo co-founder to lead rapid business push– BC Read More »
More than half a dozen VPN apps, including Cloudflare’s widely used 1.1.1.1, have been removed from India’s Apple App Store and Google Play Store following intervention by government authorities, britcommerce has learned. India’s Home Ministry issued takedown orders for the apps, according to a document reviewed by britcommerce and a disclosure made by Google to
Cloudflare VPN app among half a dozen pulled from Indian app stores– BC Read More »
Paytm, a leading Indian financial services company, has received regulatory approval to resume onboarding new UPI payments users, following an eight-month restriction on many of its operations. UPI, which processes over 15 billion transactions monthly, dominates India’s online payments. Walmart-owned PhonePe and Google Pay process around 87% of UPI transactions, while Paytm’s market share has
India’s Paytm gets approval to resume payments growth– BC Read More »
Table Space, an Indian managed workspace provider, is targeting a valuation of $2.5 billion or more for an initial public offering planned for next year, sources familiar with the matter told britcommerce. The Bengaluru-based startup has hired Axis as bookrunner for the IPO, sources said. Founded in 2017, Table Space rents large office spaces, transforms
Table Space eyes $2.5 billion valuation in India IPO– BC Read More »
Star Health and Allied Insurance, one of India’s largest health insurance firms, confirmed it was the target of a “malicious cyber attack,” about two weeks after cybercriminals claimed to have posted the medical records of patients online. clients and other confidential data. The Chennai-based insurance giant told britcommerce in a statement on Wednesday that the
Physics Wallahan Indian edtech startup, has raised $210 million in fresh funding amid a tough funding environment for edtech companies in the country following the collapse of Byju’s, once the largest player in the sector. Physics Wallah said on Friday that the Series B round was led by hedge fund Hornbill Capital, a joint venture
