Manish Singh @refsrc
India @TechCrunch Bengaluru Joined October 2012-
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India's central bank orders Kotak Mahindra Bank to stop signing up new customers through its online and mobile banking channels and cease issuing fresh credit cards after finding "serious deficiencies and non-compliances" in its IT practices.
Glance, an Android lockscreen platform backed by Google and Jio, has reached 300M active smartphones - source Pilot begins in the US with Motorola and Verizon. Plans full launch in the US with more tie-ups -- including with NBA, CNN -- later this year - sources
Premji Invest, the family office of Wipro founder chairman Azim Premji, has grown to roughly one-third the size of Wipro's $30 billion market cap. thearcweb.com/article/wipro-…
“I know he doesn’t get along very well with Marc Andreessen.” “Then Bill and I have that in common.” 🌶️🌶️🌶️🌶️🌶️
“I know he doesn’t get along very well with Marc Andreessen.” “Then Bill and I have that in common.” 🌶️🌶️🌶️🌶️🌶️ https://t.co/0ZyhPip5DQ
Massive 🤯 GST from online gaming touched Rs 3,470 crore in Oct-Dec 2023 quarter Over 5.5x jump from the Rs 605 crore collected in the previous Jul-Sep quarter. 28% tax came into effect on October 1
Piyush Gupta, one of the operating leaders at Peak XV Partners, is leaving the firm at the end of the month to start a secondary-focused VC fund - sources
#SCAMALERT Over the past week, It was brought to our attention that someone is defrauding general public by using our brand assets and hosting a page m2p-capital.com and promising quick loans, the website is designed eerily similar to our corporate website and in some…
CRED has received in-principle approval from RBI for the payment aggregator license - sources
Flipkart weighed buying Zepto - ET Talks no longer happening, per the report, but interesting peek into Flipkart's growing interest in q-com m.economictimes.com/tech/startups/…
Amazon staff went undercover on Flipkart, Walmart and other marketplaces to scoop up info on pricing, logistics and other biz practices "Walmart wasn’t aware that Amazon ran the seller accounts on the Walmart and Flipkart sites before WSJ told it." wsj.com/business/retai…
UBS, on India quick-commerce market: "We estimate a TAM of $520bn for q-com with sector GMV reaching $34bn by FY29e or 7% penetration of TAM. This would imply a CAGR of 45% over FY24-29e vs the FY24e estimated market size of $5bn."
Tesla boss Elon Musk set to announce an investment in India of $2-$3 billion, mainly for building a new factory, when he visits New Delhi next week to meet Prime Minister Narendra Modi, sources say reut.rs/3TYmrGZ
Murdoch Partner Helps Asia’s Richest Man Build a Media Empire A man from a small town in rural Bihar is helping Asia's richest--based in Mumbai--navigate his media empire. bloomberg.com/news/articles/…
HSBC: "We believe India is likely to graduate directly from unorganised retail (Kirana stores) to QC (quick commerce), while Modern Retail penetration will likely remain low."
ShareChat’s valuation drops below $2 billion in new funding tcrn.ch/3W1rNnk
RBI rejects the application submitted by Tally, a company with at least some ties to Reliance, seeking to establish itself as a small finance bank.
Arnav Gupta @championswimmer
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14 Followers 426 FollowingLovish 𝕏 @MRLOVISHSHARMA1
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51K Followers 3K Following Startups, jokes, kids and cricket (my cricket tweets are tagged #Cricket, so please mute that if you don't like the sport)Rahul Mathur @Rahul_J_Mathur
83K Followers 2K Following Now: On a short break || Prev: Founder @VerakInsurance (acq. by ID) || Kindly DM on https://t.co/OWyPJw7hrU || Views are my ownRavi Handa @ravihanda
39K Followers 4K Following Host of Desi FIRE Podcast | Erlich Bachman is my Naval | Nusrat is my BeethovenHarsh Upadhyay @upadhyay_harsh1
32K Followers 3K Following @Entrackr | Startup | Infomaniac | #Fintrackr | #Snippets | Follow @thekredibleVivek Raju @vivekraju93
25K Followers 2K Following Helping growth-stage founders articulate investor/sales positioning @ https://t.co/3l2rOBA6a9 Past: ✍🏽 https://t.co/XuthrnXHfB | 💼 Goldman Sachs | 🎓 IIM BangaloreSajith Pai @sajithpai
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124K Followers 989 Following Investor via @HaystackVC focused on seed-stage investments // Venture Partner w/ @LightspeedVPYou may want to read this till the very end if you care about gaming in India. | Stellar Blade's Best World-Building Happens in Its Smallest Spaces 0451games.substack.com/p/stellar-blad… #ps5 #StellarBlade #India
Kotak811 is the digital offering of the bank which will likely be impacted. It had 17 million customers as of FY23 72% of new savings accounts were acquired by Kotak811 in FY23 And 50% of credit cards, unsecured loans, trading accounts etc were cross-sold to Kotak811…
🚨 BIG RBI bars Kotak Mahindra Bank from onboarding new customers through online and mobile banking Stop issuing fresh credit cards
Thinking about this Ethan Hawke interview
Premji Invest - the family office of Wipro’s owner Azim Premji - has quietly crossed $14 bn in assets 💰 Over $10 bn, if one goes by conservative estimates. That’s big enough to rank it among India's top 15 mutual funds 🧮 @thearc_hq deep dive 👇 thearcweb.com/article/wipro-…
Proof that the Indian media don't know how to do fair and SQUARE reporting and media folks are not ROOTED in anything remotely ethical.
Every time "Super App" discourse returns in Silicon Valley.
🚨BREAKING: WAY MORE MIND BLOWING DETAILS ABOUT X PAYMENTS ANNOUNCED Everything we just learned about the insane future of X: • X will basically become your bank account • Completely replaces services like Venmo • Store your money and earn interest • Tip other creators •…
“I know he doesn’t get along very well with Marc Andreessen.” “Then Bill and I have that in common.” 🌶️🌶️🌶️🌶️🌶️
Rippling’s Parker Conrad on the company’s new round, new SF lease, and also, its newest critic tcrn.ch/4db6LZy
🚨 US-based WeWork Inc is selling its 27% stake in its India joint venture after filing for bankruptcy WeWork India valuation - about $500 million WeWork US market cap - $6.4 million (post-bankruptcy filing) As @thearc_hq first reported last year
🚨 Exclusive: Electric scooter firm @atherenergy in talks to raise $75-90 mln in primary capital, while it's first angel investor, Flipkart co-founder Sachin Bansal, is looking to divest his entire >10% stake to Zerodha co-founder @nikhilkamathcio Break with @digbijaymishra1
TIL that India's first 3D film, first film shot entirely on a phone camera, and first 8K res-shot film are all from Kerala. and this is no mere exception in the state's history of constantly innovating (and taking risks) in a film industry that's extremely self-sufficient.
Hot Take: Quick commerce's impact is undeniable, but let's not get carried away. These eye-popping TAM projections from UBS are a long way from translating to real profits. That said, betting against tech is a fool's errand.
UBS, on India quick-commerce market: "We estimate a TAM of $520bn for q-com with sector GMV reaching $34bn by FY29e or 7% penetration of TAM. This would imply a CAGR of 45% over FY24-29e vs the FY24e estimated market size of $5bn."
Cricket coverage would never be the same again. Rupert Murdoch and Mark McCormack announce the deal for Sky Sports to cover the West Indies-England series, October 3rd 1989. At the time this allowed UK viewers to watch ball-by-ball from overseas for the first time (Chris Grieve)
Looks like AI GPU compute is no longer the super scarce commodity it previously was. For example, Yotta, an Indian data center provider is offering H100s at $2 per GPU per hour. Can't imagine them generating huge margins at these prices. What am I missing? HT @bgurley for…
Good to see that WestBridge Capital - which we know as an investor in Star Health and Third Wave - is also a sponsor for Gukesh ♟️ Much needed for sports like chess!
*Long, impulsive and earnest tweet alert* Exactly a year ago today, BuzzFeed News shut down, laying off dozens of my colleagues and me months after relocating me to the U.S. To say that the months ahead were hard is an understatement. I was far from finding my feet in the…