It was an historic week for India’s technology industry. In the space of four days, the country minted at least six new startups with a valuation of $1 billion or more -- what techies call unicorns because they’re supposed to be such rarities. Read more..
10 Indian Startups Raised 50% Of Funding In Q1; How Google’s New Policy Impacts Lending Apps & More
Growth-stage and late-stage funding remained strong in the first quarter (Q1) of 2021 in India, even as overall investment witnessed a decline compared to the first three months of 2020. Read more..
Despite Mobikwik Denial, Data Of 100 Mn Users Exposed In Massive Leak
Fintech startup Mobikwik denied claims about a data breach impacting 100 Mn users, in what many are calling the biggest data leak from an Indian tech company. The leaked data is said to impact Mobikwik’s individual customers as well as the merchants that have procured loans from the company. Read more..
Gujarat Startup’s Water Purifier Can Clean 1 Lakh Litres Of Water, Has Minimal Maintenance Cost
Abhimanyu and Vardan Rathi from Surat, Gujarat, launched Sustainable Livelihood Initiative India (SLII) to sell their innovation, a water purifier made from graphene and recycled cell phone screens Read more..
India home to 100 unicorns with a combined m-cap of $240bn: Credit Suisse
India is now home to the third-largest set of unicorns globally, behind the US and China, and commands a total valuation of $90 billion, suggests a recent Credit Suisse report. Compared to 336 listed companies with $1 billion in market capitalisation (market-cap), there are now 100 unicorns in India with a combined market-cap of $240 ...