India’s Khatabook raises $60 million to help merchants digitize bookkeeping and accept payments online – TechCrunch

[ad_1] Khatabook, a startup that is helping small businesses in India record financial transactions digitally and accept payments online with an app, has raised $60 million in a new financing round as it looks to gain more ground in the world’s second most populous nation. The new financing round, Series B, was led by Facebook…

Facebook’s $5.7 billion bet on Indian giant Jio spells trouble for Amazon and Flipkart – TechCrunch

[ad_1] Facebook’s major bet on Jio Platforms could create a headache for mobile payments services that have amassed tens of millions of users while struggling to find a business model in the world’s second-largest internet market. The $5.7 billion investment, Facebook’s second-largest to date, could also further its dominance in India — its biggest market…

To avoid hostile takeovers amid COVID-19, India mandates approvals on Chinese investments – TechCrunch

[ad_1] Chinese traders, who’ve poured about $6 billion into Indian startups in the last two years, will probably be subjected to strict regulation for his or her future investments on the planet’s second largest web market. India amended its international direct funding coverage on Saturday to require all neighboring nations with which it shares a…

India’s lockdown is making life hard for its most popular apps – TechCrunch

[ad_1] The coronavirus pandemic, which has compelled billions of individuals to remain residence, has led to a surge in new downloads of a number of client and enterprise centered apps within the west. But in India, the most important open market globally, issues have taken a barely totally different flip. Daily downloads for a number…