Razorpay, the Bengaluru payments company, has filed draft papers for an initial public offering through India’s confidential route, according to people familiar with the matter. The filing moves one of the country’s larger fintech firms a step closer t…
When the US government ordered Anthropic to shut down Fable 5 and Mythos 5 on 12 June, the export control directive was aimed at restricting foreign nationals from accessing America’s most capable AI. In India, Anthropic’s second-largest market, it lan…
Bangalore-based Avataar AI has launched Varya, one of India’s first homegrown video AI models. It generates video at roughly $0.005 per second, or 0.48 rupees. Founder Sravanth Aluru, a former Deutsche Bank investment banker and Microsoft and IIT Mumba…
Equal AI, an Indian startup that built an AI assistant to answer phone calls on your behalf, has raised $30 million in a Series B led by Prosus Ventures and Tomales Bay Capital. Think Investments and Valiant Fund also participated, alongside individual…
Equal AI said that its AI-powered call assistant now has over a million monthly active users.
India has effectively frozen the approvals Starlink needs to begin commercial operations in the country. Security agencies under India’s Ministry of Home Affairs withheld final clearances after SpaceX allowed Starlink access inside Iran despite not hav…
Meta has agreed to lease a 168-megawatt, AI-ready data centre in India from Mukesh Ambani’s Reliance Industries, its first such facility in the country. Reliance will build the site in Jamnagar, Gujarat, and Meta will lease it with an option to scale, …
Six weeks ago, AirTrunk did not operate in India. Now it wants to spend $30 billion there. The Blackstone-backed hyperscale data centre operator announced on Thursday that it plans to invest more than INR 3,000 billion ($30 billion) in India by 2030, b…
For months the fight in India’s App Store antitrust case was not really about app stores. It was about a spreadsheet. The Competition Commission of India wanted Apple’s financial records; Apple did not want to give them up, least of all the global ones…