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Global app downloads topped 175 billion in 2017, revenue surpassed $86 billion
Global app downloads topped 175 billion and consumer spending exceeded $86 billion in 2017, thanks to growth in emerging markets including China, India, Brazil and Russia, according to a new report from App Annie out this morning. Notably, India has now become the number two country by downloads, passing the U.S., which is now third. China has long since been in the lead. The difference… Read More
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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
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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
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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
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Social commerce startup Meesho gets $3.4M Series A to build a reseller network in India
While most of the attention paid to India’s e-commerce boom focuses on big players like Flipkart, there’s another fast-growing sector: people, mostly women, who resell items on social media. Several startups now exist to serve the so-called “housewife reseller” market. One of them, Y Combinator alum Meesho, announced today that it has raised a $3.4 million Series A led… Read More
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Google’s voice typing tech adds support for 30 more languages, reaching further into Africa, India
Google today is expanding its speech recognition capabilities to support dozens of new languages, particularly those in emerging markets in India and Africa, the company announced this morning. That means more people around the world will gain the ability to search the web by voice as well as type via voice using Google’s keyboard app, Gboard. The company says with the update,… Read More
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Chinese smartphone makers closing the gap on iPhone, Samsung
While Samsung and Apple continued to occupy long-time number one and two spots in the global smartphone market in the second quarter of the year, Chinese Android OEMs Huawei, Oppo and Xiaomi are continuing to close the gap. Moglix raises $12M Series B to digitize India’s manufacturing industry
Moglix launched in 2015 as an online store for tools and construction supplies, but now it’s venturing into enterprise software with the launch of GreenGST to help Indian manufacturers become compliant with the country’s new tax codes. The Noida-headquartered startup announced today that it has raised a $12 million Series B. Read More
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Tech veterans set up $100M fund to turn India’s top startups into unicorns
Two Indian technology veterans have set up a new fund that they hope will help the county churn out world-class, billion-dollar startups. Nandan Nilekani and Sanjeev Aggarwal have come together to launch the Fundamentum Partnership. Initially a $100 million fund — half of which is committed already — the duo told TechCrunch they aim to help cover the funding gap for India’s… Read More
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Google Areo is a new app for ordering food or home services in India
Google is getting into the restaurant delivery and home services businesses – nope, not in the U.S., but rather in parts of India. The company has quietly launched a new app called Areo which currently only works in Bangalore and Mumbai, India, allowing users to order meals from nearby restaurants or schedule appointments with local service professionals, including electricians,… Read More
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