1947 Tech Newsletter 🇮🇳

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1947 Tech 🇮🇳: 117

1947tech.substack.com

1947 Tech 🇮🇳: 117

Once a week newsletter: Insights on Tech, markets, startups, venture capital, and foreign investments in India

shiva singh sangwan
Jul 1, 2020
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1947 Tech 🇮🇳: 117

1947tech.substack.com

1. India bans TikTok, dozens of other Chinese apps

 “Wow” dang!

I don’t think anyone saw this coming.

The Indian government on Monday evening said it was banning 59 apps developed by Chinese firms over concerns that these apps were engaging in activities that threatened “national security and defence of India, which ultimately impinges upon the sovereignty and integrity of India” in what is the latest standoff between the world’s two most populated nations

Here is the list of the apps that got banned in India:

Mitron, Chingari, ShareChat — here are few alternatives to banned Chinese apps in India: Link

India bans TikTok, dozens of other Chinese apps

2. Education tech in India is blowing up:

Mary Meeker’s Bond backs Indian online learning startup Byju’s

Indian online learning startup Byju’s has nearly doubled its valuation in a year as it adds one more high-profile name to the list of its backers: Bond.

In a statement on Friday, Bangalore-based Byju’s said it had raised an undisclosed amount from the VC fund co-founded by Mary Meeker. The first female-founded VC firm’s check valued the nine-year-old Indian startup at $10.5 billion, according to a person familiar with the matter. This is the first time Bond has backed an Indian startup.

TechCrunch reported early last month that Byju’s was in talks with some investors to raise as much as $400 million at a $10 billion valuation. TechCrunch understands that Bond is investing less than $100 million in Byju’s

Indian edtech giant Byju’s in talks to acquire Doubtnut for more than $125M Link

Mary Meeker's Bond backs Indian online learning startup Byju's

Coatue in talks to invest around $100M in Vedantu, valuation likely to double to $600M — ETtech

Online live tutoring platform Vedantu has held talks to close a $100 million financing round, led by US investor Coatue Management, valuing the live online tutoring service at $600 million

Coatue in talks to invest around $100M in Vedantu, valuation likely to double to $600M

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Tweet:

Twitter avatar for @balajis
Balaji S. Srinivasan @balajis
INDIA STANDS APP If you are building an Indian version of these apps, @naval and I want to see it. We have set up an email address at india.stands.app@protonmail.com Please send us links to your working prototypes to try out (not decks!)
Twitter avatar for @ShivAroor
Shiv Aroor @ShivAroor
BIG BREAKING: Indian Govt bans 59 Chinese apps, including Tik-Tok. Full list: https://t.co/QR1dpRPln5
11:52 PM ∙ Jun 29, 2020
7,164Likes2,459Retweets

More from Balaji on the Indian Tech Link


Worth your attention:

  1. Temasek in talks to serve up to $100M on Zomato’s plate link

  2. Some Chinese VCs looking for a quick exit link

  3. Google’s PE arm CapitalG leads Rs 210 crore ($28M) funding round in Aye Finance link

  4. Amidst COVID-19 crisis, early-stage startups garner investor interest link

  5. Nextbillion.ai raises $7M funding led by Lightspeed India Partners and Falcon Edge Capital link


A week in review:

Twitter avatar for @shivassangwan
Shiva Singh Sangwan @shivassangwan
This week in 🇮🇳! • Byju’s raises from Mary Meeker’s Bond at a valuation of $10B • Byju’s in talks to acquire Doubtnut for $125M+ • Coatue in talks to invest around $100M in Vedantu at a valuation of $600M • Tamasek in talks to invest $100M in Zomato
1:44 PM ∙ Jul 1, 2020
Twitter avatar for @shivassangwan
Shiva Singh Sangwan @shivassangwan
• CapitalG leads $28M round in Aye Finance • Nextbillion.ai raises $7M • Nutrition brand Oziva raises $5M • Fullife raises $7M • Edtech startups gather $20 of overall VC investments in H1 2020
nextbillion.aiNextBillion AIHyperlocal AI for the Next Billion!
1:44 PM ∙ Jul 1, 2020

Thank you for reading. Please share any feedback, questions or comments with me on Twitter :)

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