1947 Tech đŽđł: 117
1947 Tech đŽđł: 117
Once a week newsletter: Insights on Tech, markets, startups, venture capital, and foreign investments in India
1. India bans TikTok, dozens of other Chinese apps
ââWowâ dang!
I donât 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 ânational security and defence of India, which ultimately impinges upon the sovereignty and integrity of Indiaâ in what is the latest standoff between the worldâs two most populated nations
Here is the list of the apps that got banned in India:
Mitron, Chingari, ShareChatâââhere are few alternatives to banned Chinese apps in India: Link
2. Education tech in India is blowing up:
Mary Meekerâs Bond backs Indian online learning startup Byjuâs
Indian online learning startup Byjuâs 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 Byjuâs said it had raised an undisclosed amount from the VC fund co-founded by Mary Meeker. The first female-founded VC firmâs 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 Byjuâs 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 Byjuâs
Indian edtech giant Byjuâs 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 $600MâââETtech
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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More from Balaji on the Indian Tech Link
Worth your attention:
Temasek in talks to serve up to $100M on Zomatoâs plate link
Some Chinese VCs looking for a quick exit link
Googleâs PE arm CapitalG leads Rs 210 crore ($28M) funding round in Aye Finance link
Amidst COVID-19 crisis, early-stage startups garner investor interest link
Nextbillion.ai raises $7M funding led by Lightspeed India Partners and Falcon Edge Capital link
A week in review:
