Daily Crunch: India’s most valuable startup buys US-based digital reading platform Epic for $500M – TechCrunch

Reading Time: 13 minutes To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello and welcome to Extra Crunch for July 21, 2021. It’s been a good day for crypto fans, with major coins seeing some recovery from recent lows. Bitcoin and ether remain depressed … Read more

India’s GlobalBees raises $150 million to build Thrasio-like house of brands – TechCrunch

Reading Time: 5 minutes The universe of Indian firms attempting to replicate Thrasio’s success in the world’s second largest internet market just got bigger. Three-month-old GlobalBees said on Monday it has raised $150 million in a Series A financing round led by FirstCry. Lightspeed Venture Partners also invested in the new financing round, which is $75 million in equity … Read more

All eyes are on India’s brightest Zomato – TechCrunch

Reading Time: 9 minutes Relevance is often tied to rarity. As a result, the first anything — whether a birthday, scientific feat or female vice president — comes with its own weight. Whether that pressure is warranted is a discussion in and of itself, but today, we’ll focus on the ripple effects of India’s first unicorn IPO: Zomato. Food … Read more

India’s Delhivery bags $100 million from FedEx – TechCrunch

Reading Time: 5 minutes FedEx Express, a subsidiary of delivery services giant FedEx, is investing $100 million in Indian startup Delhivery as the global firm looks to expand its presence in the South Asian country. Friday’s investment comes less than two months after the Gurgaon-headquartered startup, which is valued at $3 billion, secured $277 million ahead of an initial public … Read more

Vara raises $4.8M from investors like Go Ventures and Sequoia India’s Surge to digitize Indonesian SMEs’ payrolls – TechCrunch

Reading Time: 7 minutes Staff management platform Vara’s team If you follow startup news from Indonesia, you know that the country’s estimated 60 million small businesses are a hot target for tech companies. BukuKas and BukuWarung, for example, both recently raised large rounds to fuel their race to digitize SMEs’ operations. Founded in November 2020, Vara is focused specifically … Read more

India’s Furlenco raises $140 million for its furniture and appliance renting service – TechCrunch

Reading Time: 6 minutes Furlenco, a Bangalore-based startup that operates an eponymous furniture and appliance rental service, said today it has raised $140 million in a financing round as it looks to scale its operations in the South Asian market and explore international market expansion. The new $140 million financing round, a Series D, comprises $120 million debt raise … Read more

Daily Crunch: In one of India’s largest exits, Swedish media giant MTG buys PlaySimple for $360M – TechCrunch

Reading Time: 10 minutes To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello and welcome to Daily Crunch for July 2. We are heading into a holiday weekend here in the United States, so you might imagine that tech news slowed down. It did … Read more

India’s central bank says growing presence of Big Tech in financial services a concern – TechCrunch

Reading Time: 6 minutes India’s central bank has identified Big Tech’s push into financial services as a challenge for banks in the South Asian market, saying the growing presence of these firms have prompted concerns about creation of an uneven playing field. In a report published on Thursday, Reserve Bank of India (RBI) said Big Tech offers a wide-range … Read more