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Smartphone brands gear up for new launches in India but expect tough times ahead
This week, smartphone brands including Realme, Poco, Vivo, and Honor launched their new devices in India.
4 mins read
Moulishree Srivastava
Journalist • [email protected]
I cover Indian tech, startup, venture capital ecosystems for KrASIA.
The logistics startup said it turned profitable in FY 18-19 with an annualized revenue run rate of USD 25-30 million.
COVID-19 has forced people to self-isolate, which is making people unlearn old methods and move towards digital payments.
Although the company has USD 9.9 million lying in virtual wallets of different airlines, it has to spend its own money to refund customers.
Mukesh Ambani has been on the mission to cut Reliance's USD 21.4 billion net debt.
Homegrown and global tech companies expect the next half a billion users from rural India to drive their growth.
The company said it does not see the situation improving for quite some time.
This comes barely 10 days after social networking giant Facebook brought a 9.99% stake in Jio Platforms.
AET Fund is currently in talks with up to 15 Indian startups for investments.