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Khatabook raises $60mn in Series B round led by B Capital

2020-12-11T02:52:54+00:00May 22nd, 2020|India Inc Views - India Global Business, News in Brief|

The fresh fund will allow Khatabook to ramp up its products and services for Indian merchants. Digital credit lender Khatabook raised $60 million in Series B funding round led by Facebook co-founder Eduardo Saverin’s B Capital. The round also has seen the participation from a clutch of existing investors, including Sequoia India and Partners of DST Global, Tencent, GGV Capital, RTP Global, along with a number of prominent angel investors. The company will deploy the fresh funds to expand the [...]

Jio-FB deal proves India’s attractiveness as FDI destination

2020-05-13T12:01:47+00:00May 13th, 2020|Editorials - India Global Business|

While it is one of the biggest deals of the year, there is a good chance it will face stiff regulatory scrutiny over data security. India’s quest to become the next global FDI hotspot got off to a dramatic start when Facebook and Reliance Industries Ltd (RIL) announced a deal under which the former would invest $5.7 billion for a 9.99 per cent stake in Jio Platforms, the till then 100 per cent-owned technology platform of the RIL. On the [...]

Jio-Facebook: Match made in heaven or an expedient medium-term partnership?

2020-08-20T04:46:39+00:00May 12th, 2020|Home Page, The Big Story North America - India Global Business|

Facebook’s purchase of a 10 per cent stake in Jio Platforms for $5.7 billion looks like a win-win for both partners and burnishes India’s image as an FDI hotspot even during a lockdown, and many analysts are speculating how this will play out in the long term. Highlights: Facebook bought a 9.99 per cent stake in Jio Platforms, RIL’s wholly-owned subsidiary that houses its telecom venture and most of its digital assets, for $5.7 billion. This is the largest investment [...]

What’s up with WhatsApp in India?

2020-08-20T06:59:00+00:00November 15th, 2019|2019, North America Edition – 15 November 2019, UK Edition – 15 November 2019|

The recent WhatsApp controversy and the Indian government’s reaction highlights that India aspires to be a rule maker not a rule taker in this new high-stakes game, writes India Inc. Founder and CEO Manoj Ladwa. Highlights: The hacking of WhatsApp via the Pegasus software has raised concerns on data security. There is an overwhelming need to handle data responsibly. India has been at the forefront of the global campaign to create a responsible environment for data security and storage. As [...]

Cyber security storm hits Indian shores

2018-05-18T13:02:18+00:00April 16th, 2018|2017/2018, Global Edition – April 2018, Sector Focus, Year|

As a whistleblower in the UK named India’s Opposition party among the clients of a controversial consultancy, the issue of cyber security has taken centre stage in the country. A former employee of Cambridge Analytica, the UK-based firm at the heart of a global row over data security, has claimed that the company worked extensively in India in his evidence before a UK parliamentary committee investigating the issue of fake news. Christopher Wylie deposed before the House of Commons Digital, Culture, Media and Sport [...]