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For fintech startups, lending has long been the end game. A notice from India’s central bank this week has thrown a wrench into the ecosystem, scrutinizing just who all can lend.

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Uber rejects claim that it explored exiting India

Uber said on Thursday it has never explored exiting India, a key overseas market for several tech giants, dismissing a claim that it has had held discussions to sell the local unit. Bloomberg reported earlier in the day that the San Francisco-headquartered firm had explored selling the India busine…

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Ola to acquire fintech Avail Finance

Ola to acquire fintech Avail Finance as the ride-hailing giant looks to expand its financial services offerings

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Google-backed Indian carrier Airtel launches credit card

Airtel said on Monday it is launching a credit card, the latest attempt from the Google-backed Indian telecom operator to make inroads with financial services as it looks to expand its offerings in the world’s second largest internet market. The network, managed by billionaire Sunil Mittal, said it…

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Ola Electric valued at $5 billion in new funding

Ola Electric said on Monday it has raised $200 million in a new financing round even as the Indian ride-hailing giant’s spin-off struggles to deliver its maiden electric scooter to customers and questions about its work culture have been raised. Tekne Private Ventures, Alpine Opportunity Fund…

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Indian ride-hailing startup Ola valued at $7.3 billion in new funding

Indian ride-hailing giant Ola has raised $139 million at a valuation of about $7.3 billion, it said in a filing, ahead of its plans to file for an initial public offering early next year. Mumbai-headquartered financial giant Edelweiss led the new investment tranche. IIFL, Siddhant Partners, Tejal M…

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Bounce’s first electric scooter features swappable battery, costs less than $500

Bangalore-based Bounce on Thursday priced its first electric scooter at as low as 36,000 Indian rupees ($480), considerably undercutting the heavily-backed rival Ola as the mobility war intensifies in the world’s second most populous nation. The startup, backed by B Capital and Falcon Edge, l…

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SoftBank has deployed $3 billion in India this year, can invest up to $10 billion in 2022

SoftBank Group chief executive Rajeev Misra said the fund has invested $3 billion in Indian companies this year and can invest $5 billion to $10 billion next year.

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Ola Electric raises $200 million at $3 billion valuation

Ola Electric said on Thursday it has raised over $200 million in a new financing round at a valuation of $3 billion, up from $1 billion two years ago, as it looks to scale its electric vehicle manufacturing business in the South Asian market. Falcon Edge Capital led the financing round, the Bangalo…

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YC makes a Product Hunt, Product Hunt makes an a16z, a16z makes a YC

Tech innovation is a cycle, especially in the main character-driven world of early-stage venture capital and copycat nature of startups.

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When do layoffs matter? Trick question — always

Equity is the TechCrunch podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.

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