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How the 'Jio effect' brought millions of Indians online and is reshaping Silicon Valley and the internet

Major US tech and investment firms including Facebook — and possibly Google — are investing a collective $15 billion in Indian tech firm Jio Platforms. Jio Platforms saw explosive growth by luring Indians online for the first time with free or cheap mobile data and has now become India's biggest telecoms firm with almost 400 million subscribers. These Indians are swarming onto US apps like YouTube and Facebook for the first time, a phenomenon called the "Jio effect", bringing user growth and ...
Tags: Google, Facebook, Youtube, Mexico, India, US, Trends, Walmart, Brazil, Silicon Valley, Flipkart, Pewdiepie, Sundar Pichai, Paytm, Business Insider, Shah


Walmart leads $1.2 billion investment in India’s Flipkart

Walmart is increasing its majority-stake in Flipkart by leading a new $1.2 billion financing round in the Indian e-commerce giant. The fresh equity round led by Walmart, which acquired majority stake in Flipkart for $16 billion two years ago, values Flipkart at $24.9 billion post-money, the two companies said. The American retail group said the fresh capital would help Flipkart, which was valued at $20.8 billion two years ago, further grow its e-commerce marketplace in India as the world’s...
Tags: Asia, eCommerce, Funding, Amazon, Amazon India, Flipkart, India, Jiomart, Reliance Jio, Reliance Jio Platforms, Walmart


Walmart invests additional $1.2 billion in India’s Flipkart to increase stake

Walmart is increasing its stake in Flipkart by investing an additional $1.2 billion in the Indian e-commerce giant. The fresh equity round from Walmart, which acquired majority stake in Flipkart for $16 billion two years ago, values Flipkart at $24.9 billion post-money, the two companies said. The American retail group said the fresh capital would help Flipkart, which was valued at $20.8 billion two years ago, further grow its e-commerce marketplace in India as the world’s second largest i...
Tags: Ecommerce, Asia, India, Funding, Tech, Walmart, Mumbai, Flipkart, Kalyan Krishnamurthy, Amazon in India, COVID, Jio Platforms India, Reliance Retail India


Google may put $4 billion into India's Reliance Jio, months after Facebook invested $5.7 billion

Google is in talks to invest as much as $4 billion into Indian telecoms provider Reliance Jio, according to Bloomberg. Google may announce the investment within weeks, and the cash injection would follow a similar investment by Facebook into Jio of $5.7 billion. Reliance Jio is a fast-growing telecoms operator in India with more than 300 million subscribers. Its founder, Mukesh Ambani, is currently the sixth-richest man in the world with a net wealth of $72.4 billion. Visit Business Insider's ...
Tags: Google, Facebook, India, Narendra Modi, Trends, Sundar Pichai, Reliance Jio, Facebook Facebook, Bloomberg Google, Jio, Mukesh Ambani, Bloomberg Reliance Jio


Google reportedly in talks to make $4B investment into Jio Platforms

Google might be the next major company to invest in India‘s Reliance Jio Platform. According to Bloomberg, the search giant is in advanced talks to invest $4 billion in the Indian company. This comes just a day after Google CEO, Sundar Pichai, said that the firm will invest $10 billion in the Indian market over the next five to seven years. If the Jio investment goes ahead, it will cover 40% of the said investment capital. [Read: Google promises to invest $10B in India over the next ‘5 to 7 year...
Tags: Google, Startups, India, Bloomberg, Sundar Pichai, Jio, Hard Fork, Jio Platforms


10 things in tech you need to know today

Good morning! This is the tech news you need to know this Tuesday. SoftBank is reportedly considering selling its chip design company Arm Holdings — or taking it public. The British company recently scored a big win after Apple announced that it will transition away from Intel chips for its Mac computers and will instead use Arm-based architecture. Google, Facebook, Microsoft, and other tech companies have joined MIT and Harvard in a fight to stop Trump's new visa rule. More than a dozen tech ...
Tags: Apple, Google, Europe, UK, Microsoft, India, Softbank, US, Trends, Bloomberg, Intel, Mit, Harvard, ARM Holdings, Msn, Sundar Pichai


Inside the rise of TikTok, the viral video-sharing app that US officials are threatening to ban due to its ties to China

TikTok is a short-form video app that's become one of the most popular social platforms among Generation Z. TikTok has , according to app analytics firm Sensor Tower, and is owned by ByteDance, a Chinese internet company. Here's the story of how TikTok got its start and grew into a wildly popular platform, and why US lawmakers are now threatening to ban it. Visit Business Insider's homepage for more stories. Follow INSIDER on TikTok. One of the most popular apps among teenagers at the moment...
Tags: Amazon, Facebook, Hong Kong, UK, China, India, Disney, US, Los Angeles, Trends, Bloomberg, Paypal, Beijing, United States, Signal, Federal Trade Commission


Trump is considering banning Chinese social media app TikTok. See the full list of countries, companies, and organizations that have already banned it.

President Trump has said that he was considering banning TikTok, which he implied would punish China for the coronavirus.  TikTok is a short-form video app especially popular among Gen Z, and it has amassed 1.5 billion downloads. Its parent is the Chinese developer ByteDance. US lawmakers have expressed concern over possible national security issues, and TikTok has faced accusations of censorship at the request of the Chinese government. The Pentagon also issued a warning in December that mili...
Tags: Apple, Amazon, Navy, China, India, US, Dnc, Trends, Cnn, New York Times, Army, Fox News, Pentagon, Associated Press, Tsa, Air Force


Equity Monday: India’s digital economy attracts ample attention, three funding rounds, and earnings season

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our week-starting primer in which we go over the latest news, dig into the week ahead, talk about some neat funding rounds and dive into the latest big news from the startup world. (You can follow the show on Twitter here, and myself here, if you are so inclined! Don’t forget to check out last Friday’s episode as well. All the cool kids are do...
Tags: Apple, Google, Fundings & Exits, Startups, Hong Kong, Russia, India, US, Tech, Netflix, Equity, Reliance Jio, Paige, India India, ARR, IBM Microsoft


Borofy is a rental marketplace where you can rent over 400 products (all sanitized)

The e-commerce rental marketplace Borofy.com acts as an aggregator to maximize the “idling capacity” of different underutilized assets, by making items available on rent for someone who needs it momentarily, say a GoPro for Goa trip. Borofy offers over 400 products, all sanitized with free delivery. Bangalore GET IT About the founding team : Shatadip Majumder is the Founder of Borofy, having over 9 years of experience in full-stack web development. He founded ...
Tags: Business, India, Bangalore, Indian Startups, Shatadip Majumder, Borofy, Shatadip


Google’s new project will help 1M Indian teachers run online courses

At its Google for India online event, the search giant said that it’s partnering with the Central Board of Secondary Education (CBSE), an Indian schooling body, to help 1 million teachers run online classes by the end of the year.  The company will help teachers from 22,000 schools across the country to conduct classes online through tools such as YouTube, Google Classrooms, and GSuite. These tools will be available in eight Indian languages including Hindi and Gujarati. [Read: Google promises t...
Tags: Google, Startups, India, Youtube Google, Google India, Central Board of Secondary Education CBSE, Google for India, Sapna Chaddha


Google promises to invest $10B in India over the next ‘5 to 7 years’

Google said that it’ll invest more than ₹75,000 crores ($10 billion) over the next five to seven years. The company’s CEO, Sundar Pichai, said that money will be divided into investment equity investments, partnerships, and operational, infrastructure, and ecosystem investments.  developing…Or just read more coverage about: Google
Tags: Google, Startups, India, Sundar Pichai


Chipmaker Qualcomm invests $97 million in Jio Platforms

US chipmaker Qualcomm announced today that it’s investing $97 million (₹730 crores) in Jio Platforms in exchange for a 0.15% stake in the company through its venture arm. Qualcomm is the second chipmaker to pump money in Jio Platforms after Intel invested $253 million to pick up a 0.39% share. In the past few months, Jio has raised a total of $15.73 billion from 13 investors including some prestigious names such as Facebook, Silver Lake Partners, and General Atlantic. In exchange, the Indian com...
Tags: Startups, India, US, Intel, Qualcomm, Reliance Jio, Jio, Hard Fork, Jio Platforms, Facebook Silver Lake Partners, General Atlantic In exchange


Apple continues break-up with China as Foxconn plans $1 billion India investment

The investment is reportedly planned for India's Sriperumbudur plant
Tags: Iphone, Apple, Mobile, News, China, India, Trends, Foxconn, Sriperumbudur


Apple continues breakup with China as supplier plans $1 billion India investment

Foxconn will put money into phone assembly plant
Tags: Iphone, Apple, Mobile, News, China, India, Trends, Foxconn


Startups Weekly: The world is eating tech

Editor’s note: Get this free weekly recap of TechCrunch news that any startup can use by email every Saturday morning (7am PT). Subscribe here. You could almost hear the internet cracking apart this week as international businesses pulled away from Hong Kong and the US considered a ban on TikTok. Software can no longer eat the entire world like it had attempted last decade. Startups across tech-focused industries face a new reality, where local markets and efforts are more protected and supporte...
Tags: Apple, Startups, TC, Facebook, Hong Kong, London, Mexico, China, India, US, Tech, Colombia, New York Times, Silicon Valley, States, Black Lives Matter


India's Biocon secures approval use drug on coronavirus patients

India’s Biocon Ltd has received regulatory approval for its drug Itolizumab to be used on coronavirus infected patients suffering from moderate to severe respiratory distress, the biopharmaceutical company said in a statement on Saturday.
Tags: Finance, India, Article, Reuters, FBN, Fbn/markets, Fox-business/health-care, Fox-business/markets/asia, Biocon Ltd, Biocon, Fox-business/technology/health-care-tech, Fox-business/topic/coronavirus, Ccf265c9-d794-5117-85c1-be4f17a0d43f


Doctors in Korea invented a remote-controlled robot that enables contactless collection of COVID-19 test samples — here's how it works

A team at the Korea Institute of Machinery and Materials developed a robot to collect samples for COVID-19 testing. The robot is remotely controlled by a healthcare provider, reducing the risk of transmission between patient and provider. Robots have been used in fighting the coronavirus around the world. Visit Business Insider's homepage for more stories. A remote-controlled robot sticking a swab deep into the nose to collect a sample is one of the latest developments to fight COVID-19. Doct...
Tags: Boston, India, Trends, Korea, Kimm, FarmBot, Korea Institute of Machinery and Materials, Joonho Seo, Nam Hee Kim, Dongguk University College of Medicine


16 top tech leaders who came to the US from around the world explain their forceful opposition to Trump's freeze on immigrant work visas: 'It's only going to make America less competitive'

President Trump's decision to suspend key immigrant work visas has been severely criticized by many in the US tech industry, which has long relied on foreign talent. Venture capitalists, founders, and CEOs who are immigrants themselves shared their frustrations with the Trump order with Business Insider. One of them, Togo-born F5 Networks CEO Francois Lo coh Donou, who grew up in France, told Business Insider that the executive order "sends the signal to highly-skilled immigrants around the wo...
Tags: Google, Amazon, Verizon, Hong Kong, UK, Microsoft, Yahoo, Bali, California, Mexico, France, China, India, US, America, Trends


Google-backed Indian delivery startup Dunzo suffers data breach

Google-backed Indian hyperlocal delivery service Dunzo said it suffered a data breach that left customer data including email IDs and phone numbers exposed. Dunzo provides pick up and deliver services in over seven cities in India. Given the majority of India’s business relies on offline commerce, through Dunzo, you can ask a delivery person to visit a shop to purchase something and deliver it to you for nominal fees. The service also allows you to pick up a package from a friend’s place and dro...
Tags: Google, Startups, India, Dunzo


BizSugar Community Roundtable: Virtual Teams Key to Long-term Business Success

One of the key findings of the recent survey undertaken by the BizSugar mastermind community was that many small businesses focus heavily on DIY for things that have to get done outside of their area of expertise. Not only does that cost you precious time, a lack of expertise may cost you even in more in the long run. That’s why the BizSugar advisory board, along with a few members experienced in building virtual teams, recently got together for a LinkedIn Live discussion to share tips, tricks ...
Tags: Interviews, India, US, Sales, David, Philippines, Ethiopia, Jesus, Skype, Gothenburg, Martin, Stockholm Sweden, Anita, Michael Gerber, John Lawson, Chennai India


Freshworks acquires IT orchestration service Flint

Customer engagement company Freshworks today announced that it has acquired Flint, an IT orchestration and cloud management platform based in India. The acquisition will help Freshworks strengthen its Freshservice IT support service by bringing a number of new automation tools to it. Maybe just as importantly, though, it will also bolster Freshworks’ ambitions around cloud management. Freshworks CPO Prakash Ramamurthy, who joined the company last October, told me that while the company was al...
Tags: Cloud, Business, Enterprise, Cloud Computing, India, Tech, Economy, M&a, Exit, Onboarding, Flint, Cloud Infrastructure, ITSM, Ramamurthy, FreshWorks, Cloud Management


'The Sims' game has been turned into a reality show, and players are competing for $100,000 (EA)

The popular computer game "The Sims" is getting a reality show later this month. "The Sims Spark'd" debuts July 17, and will feature contestants competing for $100,000 to show off their creativity and storytelling capabilities. "The Sims" has been around for 20 years, and is wildly popular thanks to its accessibility and ease to play. Visit Business Insider's homepage for more stories. "The Sims" is the latest video game to turn its virtual world into a real-life competition. Electronic Arts...
Tags: India, Trends, Tbs, Turner, Sims, Turner Broadcasting, Electronic Arts, Leslie Odom Jr, Tayla Parx, Tiktok, Dave Miotke BuzzFeed, Kelsey Impicciche


TikTok says it removed 16 million videos from India in second half of 2019

TikTok released its transparency report for H2 2019 (July to December 2019) detailing government takedown requests and the removal of videos that violated its policies. The Bytedance-owned company said it removed over 16 million videos in India that violated its community guidelines during the time period. Overall, the company removed more than 49 million videos — 1 percent of total video posts on the platform. The company didn’t reveal the nature of these videos, but said that it’s AI systems c...
Tags: Startups, India, Bytedance, Tiktok


Flipkart invests $35 million in Indian giant Arvind Fashions’ unit

Flipkart on Thursday announced it has invested $35 million in Arvind Fashions for a significant minority stake in one the decades-old Indian firm’s subsidiaries as the Walmart-owned firm looks to widen its hold on fashion e-commerce in the world’s second largest internet market. The e-commerce firm, which operates market-leading fashion e-commerce firm Myntra, said it was acquiring a stake in Arvind Fashions‘ Arvind Youth Brands, which operates Flying Machine brand in India. The two companies...
Tags: Travel, Amazon, Ecommerce, Asia, India, Funding, Walmart, Flipkart, Amazon India, Flying Machine, Myntra, Ed Hardy, Children 's Place, Flipkart Group, Kalyan Krishnamurthy, J Suresh


Flipkart invests $35 million in Indian fashion brand to target youth

Flipkart, which competes with Amazon in India, is doubling down on an area where it has established a clear lead: Fashion. On Thursday, the Flipkart Group announced it had invested $35 million in Arvind Fashions for a significant minority stake in one the decades-old Indian firm’s subsidiaries as the Walmart -owned firm looks to tighten its grip on fashion apparels in the world’s second largest internet market. Through acquisition of Myntra and Jabong over the years, Flipkart has already es...
Tags: Amazon, Ecommerce, Asia, India, Funding, Tech, Walmart, Flipkart, Jabong, Amazon India, Forrester, Flying Machine, Myntra, Ed Hardy, Children 's Place, Flipkart Group


Indian Army asks its personnel to delete 89 apps including Facebook and Tinder

The Indian Army has asked its personnel to remove 89 apps from their phones including Facebook, Instagram, Reddit, and Tinder over security concerns. This list also includes most of the 59 Chinese apps the Indian government banned last week. According to a report by Times of India, the Army has set a deadline of July 15 for their personnel to delete these apps. An unnamed officer told ToI that this step was taken to thwart increased targeting from intelligence agencies of Pakistan and China. Ear...
Tags: Startups, Facebook, China, India, Pakistan, Indian Army, Indian Navy, Facebook Instagram Reddit, Times of India the Army


This VC just closed on $60M to fund ‘technical risk,’ saying other VCs mostly do not

Ashmeet Sidana, a longtime VC who struck out on his own in 2015 to form Engineering Capital, just closed his third and newest fund with $60 million in capital commitments from a university endowment, a fund of funds, and three foundations. Sidana — who previously spent nearly nine years with Foundation Capital and received one of his first limited partner agreements  afterward from Foundation’s legendary founder, Kathryn Gould — says the fund came together despite the pandemic without too much p...
Tags: Google, Amazon, TC, Facebook, Steve Jobs, Stanford, India, Tech, Venture Capital, Silicon Valley, Foundation Capital, Vmware, Splunk, Digital Ocean, Nutanix, Foundation


This VC just closed on $60 million to fund “technical risk,” saying other VCs rarely do the same

Ashmeet Sidana, a longtime VC who struck out on his own in 2015 to form Engineering Capital, just closed his third and newest fund with $60 million in capital commitments from a university endowment, a fund of funds, and three foundations. Sidana — who previously spent nearly nine years with Foundation Capital and received one of his first limited partner agreements  afterward from Foundation’s legendary founder, Kathryn Gould — says the fund came together despite the pandemic without too much p...
Tags: Travel, Google, Amazon, TC, Facebook, Steve Jobs, Stanford, India, Venture Capital, Silicon Valley, Foundation Capital, Vmware, Splunk, Digital Ocean, Nutanix, Foundation


A 'staggering' failure to adopt basic security habits led to 70% of companies storing data with Amazon, Microsoft, or other big cloud vendors getting hacked or exposing data last year, researchers say (MSFT, AMZN)

70% of companies using big cloud computing vendors were hacked or exposed data last year, according to a new survey of more than 3,200 IT managers by UK cybersecurity company Sophos. 98% of companies have not turned on multi-factor authentication to their cloud accounts, the survey found— a stat researchers called "staggering." The companies also often misconfigured their accounts with Microsoft, Amazon, and other big cloud providers, Sophos found. An increase in remote work makes cloud securi...
Tags: Amazon, UK, Microsoft, India, Trends, Ransomware, Alibaba, Sophos, Gdpr, Amazon Microsoft, Microsoft Amazon, Google Cloud, Amazon Web Services Microsoft, Vanson Bourne, General Data Protection Regulation GDPR, MSFT AMZN



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