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TikTok-rival Triller strikes partnership with Reliance-owned music streaming app JioSaavn
JioSaavn's local competitor Gaana launched its own short-video app HotShots in July.
3 mins read
Moulishree Srivastava
Journalist • [email protected]
I cover Indian tech, startup, venture capital ecosystems for KrASIA.
Indian technology companies have been trying to distance themselves from their Chinese backers amidst the ongoing political tension.
Jio Platforms had raised USD 20 billion in funding from 13 global high-profile investors including tech giants like Facebook and Google earlier this year.
The fund will invest in around 10-15 companies and write checks worth USD 943,300 to USD 1.3 million.
A survey of 1,000 merchants by RedSeer found that retailers believe their share of digital payments is going to increase significantly in the next 12 months.
According to the company, monthly active users (MAU) for the ShareChat app stand at 130 million, while Moj has over 50 million MAUs.
NPCI kicked off its global expansion last year, starting with UAE and Singapore, where both UPI and RuPay have a presence.
More than half of total angel investments went into health-tech startups in the first half of 2020.
Reliance Retail has acquired a majority stake in Netmeds for USD 83 million.