Big names, money vie for Indian tech startups
Competition to secure market share drives up valuations although no e-commerce player is profitable yet
Bangalore
INTENSE interest from prominent investors is helping to drive eye-popping valuations among Indian tech startups.
Venture capital firms, hedge funds and the likes of business executives such as Rupert Murdoch are all vying for a piece of India's rapidly growing e-commerce market - particularly companies aimed at the growing number of aspiring middle-class consumers.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Technology
Apple scores win in labor case involving fired retail workers
Brokers’ take: DBS cuts Venture Corp price target after Q1 earnings miss
Garmin’s Q1 results beat on strong demand for fitness, auto products
Foxconn’s musical chairs sound like punk rock
US sets up board to advise on safe, secure use of AI
Regulate AI? How US, EU and China are going about It