September’s month-end tech startup news from India
Technology and startup news from India in September 2021 covered developments and headlines in subject areas including: India’s social gaming and mobile e-sports startups; card chip-based offline payments; Kerala Startup Mission’s new centre; cryptocurrency as a payment option in India’s road toll system; TechSparks 2021 virtual summit; and many more.
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- “India’s digital loan market is becoming a battleground for companies from Facebook to Xiaomi seeking a foothold in what’s set to be a $1-trillion industry.”
- India: ‘Beyond the tipping point – a primer on online casual gaming in India’ available now to download from KPMG
- India: Infosys IT services major launches Springboard to provide digital skilling with virtual platform giving corporate-grade learning to students from Class 6 to professional
- Non-Fungible Tokens in India: “…treatment under the current FEMA regime would…depend on the classification of the underlying asset, physical or digital, being exchanged via the NFT”
- India: 8 banks partner to launch Account Aggregator to enable consenting citizens to consolidate financial data from banks, insurers and others in one place
- Download: ‘India Trendbook 2021 – E-commerce and consumer internet sector’ from EY and India PE & VC Association (pdf)
- India: GetMega social gaming startup raises $15M with skill-based gaming for real-world cash prizes
- India: Dukaan online retail startup raises $11M as part of pre-A round with platform helping merchants manage pain points in setting up digital storefronts
- India: Visa and Innoviti payments tech firm partner for proof-of-concept around card chip-based offline payments
- India: Google launches Startups Lab programme for small news outlets, focusing on independent local or single-subject journalism organisations
- India: A brief intro to 4 med-tech startups working on issues around infertility
- India: TechSparks 2021 technology, innovation and leadership summit set for October 25-30, with 300 speakers set to deliver over 300 hours’ worth of content
- India: An intro to Trash to Treasure, recycling plastic bottles, wrappers and covers into fabric for clothing
- India: Mobile Premier League hits unicorn status with mobile esports, raising $150M funding round at $2.3BN valuation
- India: ToneTag completes Reserve Bank sandbox participation, executing offline voice-based payments in areas with patchy internet connectivity and low digital literacy
- India: Kerala Startup Mission at Kochi to launch 5K square metre Digital Hub, aiming to host ecosystem spanning incubators, accelerators and Centres of Excellence in emerging tech
- India: A look at MG’s moves with the Astor model, first in India to support level 2 autonomous driving and underpinned by car-as-a-platform services
- India: Planetarium Innovation Challenge launches, inviting startups and entrepreneurs to build AR, VR and mixed reality software for the country’s planetariums
- India: Blockchain-based Cricket Foundation platform launches CricketCrazy NFT platform, aiming to add 5 NFT-based moments from the sport’s history daily
- India: Fyp fintech partners YES Bank and Visa for launch of payments app and prepaid card for teenagers, incorporating parent-assigned ‘missions’ promoting good financial habits
- India: Unocoin crypto startup adds app feature allowing users to top-up FASTag highway toll payment accounts using cryptocurrencies
- India: Delhivery logistics and supply chain solutions firm partners Startup Réseau, operator of industry-backed accelerators, for logistics innovation lab
- India: New Street gains $4M Series A with blockchain ‘middleware’ focusing on transaction processing in the BFSI – banking, financial services and insurance – sector
- India: TechSparks 2021 virtual summit set for October 25-30 – 300+ speakers across 6 days, delivering 300+ hours of tech, innovation and leadership-focused content
- India: Hedera India Hackathon launched by Hedera Hashgraph blockchain firm, seeking developers to ideate, build and launch enterprise-ready solutions
- India: Report projects the country’s cryptocurrency tech industry will reach $241M in value by 2030, potentially creating over 800K employment opportunities
- India: Volvo Trucks India to launch six new trucks featuring Android Auto in new driver telematics interface
- India: 88academics online learning starutp gains $3M pre-A to focus on India-specific education content for children from kindergarten to grade 12
- India: Central Board of Secondary Education introduces blockchain tech on last 3 years’ data in first step towards making education certificates verifiable and tamper-proof
- India: Government launches Ayushman Bharat Digital Mission nationwide, aiming to issue a digital health ID to each citizen linked to their entire health record
- India: The Money Club gains $1.7M with AI-backed P2P group savings platform, enabling the lower-middle-class population to save, borrow and invest
- India: Akudo raises $4.2M seed round led by Y Combinator with learning-focused neobank for teenagers
- India: Fantasy Akhada raises $2M pre Series A funding with ‘fantasy sports’ platform allowing users to compete in contests in cricket and football
- Hong Kong’s Brinc and India’s Chennai Angels partner for online acceleration program for agri-tech, food-tech, health-tech, and fintech startups
- Jungle Ventures announces first close of 4th fund at $225M, with sights on investing in 12 or so startups across SE Asia and India
- Singapore’s PayNow to link with India’s Unified Payments Interface, enabling real-time transfers from India to SG via mobile numbers, and from SG to India through virtual payment addresses
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