Startup News Asia’s monthly round-up of India’s technology news, headlines gathered from online news outlets during August 2022.
Headlines below cover full range of tech news from India in August of 2022, looking at crypto regulation, insurance-tech, blockchain technologies and many more. Each headline is hyperlinked – one click and you’re reading the Indian tech news that interests you.
We’ve recently launched weekly tech news updates on Substack, alongside weekly startup news summaries on LinkedIn, and the less-frequent SNA e-newsletter on Revue.
India: State of the fintech Union 2022 (pdf) / Boston Consulting Group
- India: Chattybao raises $5M with shopping platform built on WhatsApp, connecting users with local stores helping offline merchants compete with those online
- India: CoinSwitch Kuber crypto trading platform launches Web3 Discovery Fund with initial corpus of $10M to back and incubate up to 100 early-stage Web3-focused blockchain startups
- India: Microsoft the first ‘big tech’ firm to join gov’t-backed Open Network for Digital Commerce, a project to provide SMEs usually deployed by large e-commerce platforms
- India: Reserve Bank issues tough guidelines, mandating digital loans must be disbursed and repaid through bank accounts of regulated entities only, with no pass-through of loan service providers or other third parties
- India: Lysto Web3 startup raises $12M with tools for gamers including Proof of Play Protocol, aiming to standardise gamer credentials and reputation across the industry
- India: “New Delhi has about 33 CCTV cameras for every 1000 people, according to a study. But Telangana’s capital city, Hyderabad, has 36 CCTV cameras per 1000 people…”
KPMG: Pulse of FinTech H1 2022
- India: Redwing Labs trials VTOL drones – vertical takeoff and landing – to boost healthcare provision to tribal and rural communities in Arunachal Pradesh
- India: MetaMorphoSys raises $3M Pre-A with API-driven insurance-tech, providing all-in-one aggregation, recommendation, onboarding and claims processing
- India: Ratan Tata backs Goodfellows, startup catering to senior citizens by offering companionship as a service, connecting seniors with young graduates
- The Digital India Act will cover everything digital, which includes social media platforms, OTT platforms and online apps, along with web3 applications including the metaverse and blockchain.’
- India: “Delhi police, looking into identifying people involved in civil unrest in northern India in the past few years, said that they would consider 80% accuracy and above as a ‘positive’ match…”
The Quad and Artificial Intelligence
- India: Amazon Web Services and Campus Fund launch 3rd edition of Grand Challenge for student entrepreneurs, with applications closing September 15th
- India: Winuall raises $2M with toolset helping tutors to expand their business with customised, curated online courses
- India: Shellios Technolabs launches anti-pollution helmet fitted with air-purifying accessories and bluetooth-connected app which alerts the rider when the helmet requires cleaning
- Sequoia Capital India and SE Asia unveil 15 early-stage startups selected for cohort 7 of its Surge accelerator, working on SaaS solutions, dApp development, AI-produced video and more
- India: Loopworm insect farming startup secures $3.4M seed round, growing insects on food waste and processing them into products for the animal feed industry
- India Blockchain Forum launches, aiming to make India a global hub for blockchain and web3 technology, alongside building an ‘India Blockchain Stack’ as a development template
- India: Meta, Reliance Retail and Jio Platforms bring grocery shopping to WhatsApp in claimed global-first end-to-end shopping platform running on the instant messaging platform
- India: Metalbook raises $5M seed funding with digital supply chain platform for the metals industry, building a global network of processing centres, online marketplace and cloud-based manufacturing platform
- Startup India: The clock is ticking, last few hours left! Calling all aero and defence startups. The Altair Startup Grand Challenge 2022 is now live on the Startup India Portal
India Stack: APIs, digital ID, data and payments
SNA: other editions
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and via the weekly e-newsletters below.
Weekly Asia-Pacific tech news on Substack
E-news weekly: Asia tech news via LinkedIn
Weekly e-news: Startup News Asia on Revue
