1947 Tech 🇮🇳: 119

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

1. Google to invest $10 billion in India

One thing is apparent — The future of the internet would be defined by India. 

What a time to be in India to build, to enable the tech ecosystem.

The following tweet pretty much sums it all:

pj @BeingPractical

2010-2015 : Many US startup ideas came to India. 2015-2020 : Many Chinese startup ideas came to India. 2020 onwards: Indian startup ideas are going to take on the world. Already seeing few going to South East Asia, more will happen.

Google said on Monday that it plans to invest $10 billion in India over next five to seven years as the search giant looks to help accelerate adoption of digital services in the key overseas market.

Sundar Pichai, chief executive of Google, unveiled Google for India Digitization Fund through which the company will be making investments in the country.

“We’ll do this through a mix of equity investments, partnerships, and operational, infrastructure and ecosystem investments. This is a reflection of our confidence in the future of India and its digital economy,” he said via video conference at the company’s annual event focused on India.

Google to invest $10 billion in India

2. Google invests $4.5 billion in India’s Reliance Jio Platforms

Google has become the latest high-profile firm to back India’s Reliance Jio Platforms. The search giant is investing $4.5 billion for a 7.73% stake in the top Indian telecom network, Reliance Industries chairman Mukesh Ambani said on Wednesday.

Key announcements from Reliance Industries AGM 2020 Link

Google invests $4.5 billion in India's Reliance Jio Platforms

3. Sector-specific funds

The Indian tech ecosystem has come a long way. 

VC was an unheard term in India, just a few years back.

Today we are seeing sector-specific funds cropping up.

That’s a massive change in such a short period of time

Freecharge founder Sandeep Tandon sets aside Rs 100 crore for early-stage hardware bets link

VC firm HealthQuad raises Rs 514 Cr for its second fund link

Worth your attention

1. Walmart leads $1.2 billion investment in India’s Flipkart Link

2. Indian online tutoring platform Vedantu raises $100 million Link

3. Snapdeal’s Kunal Bahl to lead CII’s e-commerce committee Link

4. Impact investing touches $11B; helps 490 million lives in 10 yearsLink

5. JioMart and WhatsApp will create growth opportunities for small businesses: Mukesh Ambani Link

6. Unacademy picks up majority stake in Mastree for $5 million Link

A week in review:

Shiva Singh Sangwan @shivassangwan

This week in 🇮🇳! • Google to invest $10B in India • Google invests $4.5B in Reliance Jio platforms • Walmart leads $1.2N investment in Flipkart • Indian online tutoring platform Vedantu raises $100 million • JetSynthesys raises $40M • Zomentum raises $4.1M

Shiva Singh Sangwan @shivassangwan

• Unacademy acquires majority stake in Mastree. Invests $5M • goDutch raises $1.7M led by Matrix • Shop 101 raise $2.3M • FreeCharge founder Sandeep Tandon sets aside $14M for early stage hardware bets • Kunal Bahl to lead CII’s e-commerce committee

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