EdTech is having a renaissance, powered by the emerging world

So-called ‘EdTech’ has seen many false dawns over the years. After being lauded as the teaching platforms of the future, most MOOCs (Massive Open Online Course platforms) have not quite lived up to the superlatives made for them, and the sector has had trouble coming up with more innovative ideas for a while. But that […]

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India’s Prime Venture Partners closes new $60M fund for seed investments

 India’s Prime Venture Partners has refueled its tanks for more angel investing after it announced a new fund of INR 400 crore, or around $60 million. Started by three managing partners — serial entrepreneurs Sanjay Swamy, Shripati Acharya and Amit Somani — in 2011, this fund represents the third (and largest) investment vehicle for the firm. Its previous $46 million… Read More

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Amazon launches its Prime Music service in India

 Amazon has quietly launched its Prime Music service in India today. The retailer brought its Prime service to India some 18 months ago, but at the time it was lacking the free music and video streaming services. Amazon added the Prime Video months later, but it has taken some time for the music service to be deemed ready for the market. Medianama — where we first read of today’s… Read More

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India-based music streaming service Gaana raises $115M led by Tencent

 Chinese internet giant Tencent is continuing to put its money in India and in music streaming services after it agreed to lead a $115 million investment in India’s Gaana. Gaana is a music streaming service that was started by Times Media, the company behind the Times of India newspaper and tech incubator Times Internet among other things, seven years ago. Gaana didn’t reveal its… Read More

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India’s Capillary Technologies raises $20M from Warburg Pincus and Sequoia

 Capillary Technologies, an India-based startup that helps e-commerce businesses manage their marketing and customer engagement, has pulled in $20 million in fresh funding from existing investors Warburg Pincus and Sequoia. The company said it plans to use the capital to develop its products and R&D, including a new focus on the fast-moving consumer goods (FMCG) space where it works… Read More

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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

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Google fined $21.1M for search bias in India

Google Another antitrust fine for Google. India’s competition commission has issued a 1.36BN rupees (~$21.1M) penalty on the search giant for abusing its dominant position in the local search market for online general web search and web search advertising services.  Read More

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WhatsApp has launched person-to-person payments into beta in India

 WhatsApp has begun testing a new payments feature in India that will allow people to send money to other WhatsApp users, excluding merchant accounts. The feature is currently in beta, according to sources familiar with the company’s plans, but hasn’t been publicly announced because it’s not widely available at this time. The company has been  working on support for a… Read More

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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

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