Indian tech news in October 2022: Digital payments and central bank digital currency developments, wearable tech and sports data analysis, NFTs for cricket great Tendulkar, and more.
India: Crypto assets – Imagining the way forward / KPMG (pdf download)
- India: VideoLAN, maker of VLC media player, issues legal notice to DoT and MeitY over banning the company’s website in India, having received no notice, reason or appeals process for the ban
- India: Kerala’s Greenikk launches end-to-end single platform supply chain focusing on banana cultivators, traders and exporters, spanning finance, seeds, crop advisory, insurance and more
- India’s CBDC launch: 5 key issues that the Reserve Bank needs to fix before a Digital Rupee pilot
- India: Village of 3000 in Maharashtra declares ‘independence’ from TV and mobile internet ‘addiction’ for two hours every day in bid for digital detox
- India: Hubbler platform raises $1.5M with focus on no-and-low-code digitization of business processes
- National Payments Corporation of India’s international arm partners France’s Worldline multinational payment services firm to support Indian digital payment modes in Europe
- India’s Garuda Aerospace inks MoU with Lockheed Martin for Uncrewed Aerial Systems use in defense and commercial applications, alongside data processing collaborations and wide-focus algorithm development
India’s Cyber Security Policy and the Quad
- India’s cricket legend Sachin Tendulkar makes equity investment in Rario cricket-focused NFT platform, making Tendulkar’s digital collectibles exclusively available on the platform
- India: Bodhi AI education-tech startup raises $200K with interactive, online 1-to-1 video teaching, allowing teachers to conduct classes and sell courses
- India: Footrax performance tracking startup raises $100K with sports wearables and data analysis
- Currently, fintechs have a 7% share of the $1.4 trillion enterprise valuation of the Indian financial sector, which is set to rise to 15% in 4 years, says Bain & Co study…
- Download: India Fintech Report 2022 from Bain & Co
- India: Silverneedle Ventures launches $12M fund with first investment in Knorish creator monetization platform focused on creation and sale of online courses, webinars and memberships
- Australian Strategic Policy Institute and India’s Centre for Internet and Society unveil project focused on techdiplomacy and standards settings in Artificial Intelligence in the Indo-Pacific
- India: 3 digital asset management firms now under investigation over suspected illicit drug transactions, with nearly $3.5M so far tracked
- India: Facebook launches community accelerator program, selecting 15 Indian community leaders of Facebook groups for the 4-month program in partnership with Hyderabad’s IT Hub
- Taiwan’s Gogoro electric vehicles startup to pilot 6-second battery swapping stations in India, building on Singapore and Indonesia pilots
India Fintech Report 2022 / Bain & Company
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