MOBILE APPS MARKET
Namma Yatri raises $11 million in funding round led by Blume Ventures, Antler, others
Ride-hailing company Namma Yatri has raised Rs 92 crore or $11 million in a pre-Series A funding round. This was led by Blume Ventures and Antler, while tech giant Google also participated, among other investors. The company will use the capital to boost driver earnings and product innovation.
Commercial messaging market set to reach $3.2 bn by 2028: Gartner report
India's commercial messaging market is poised for substantial growth, projected to reach $3.2 billion by 2028 from $1.3 billion in 2023. This expansion is driven by the increasing adoption of advanced messaging channels like Google's RCS (rich communication services) and Meta's WhatsApp Business, which are intensifying their competition in the market. Currently, WhatsApp holds a significant lead over RCS in India, with enterprises favoring its platform for messaging deployments.
Swiggy’s pre-IPO Esop sale; GST & ride-hailing apps
Food delivery company Swiggy will buy back Esops worth $65 million, its fifth such exercise. This and more on today’s ETtech Top 5.
Amazon Prime Day Sale: Amazon Mobile Offers (2024)
Grab some of the biggest discounts along with the freshest smartphone launches of the time during the Amazon Prime Day Sale 2024. If you are a technology enthusiast, then there is no better time than this as multiple brands are launching their smartphones for the first time during the Amazon sale.
Adani joins Tata and Ambani in race for elusive India superapp
Given the limited traction gained by Ambani’s MyJio and Tata’s Neu despite their wider range of consumer businesses, the Adani Group — whose businesses are largely infrastructure and heavy industrial ones — may have set itself a daunting task.
Airtel, Jio, Vodafone Idea push long-term plans at old rates to retain users
After announcing telecom pack price hikes of up to 25% effective July 3-4, telcos are urging subscribers to recharge long-term plans at old prices to reduce customer attrition. Bharti Airtel, Reliance Jio, and Vodafone Idea (Vi) are promoting 365-day plans priced between Rs 2,545 and Rs 3,099 through in-app promotions.
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Webtoon comic app Toonsutra registers over 1 million downloads
Toonsutra aims to establish the world's largest fandom and pop culture community in India over 700 million mobile youth market. The company has partnership with some of the biggest global publishers and creators to bring over more than 550 titles and 250,000 episodes of content into local Indian languages.
Tencent's 'Dungeon & Fighter' game dominates China's mobile download charts
Industry experts Liam Mo, Casey Hall, and Miyoung Kim shed light on Tencent's strategic gaming moves and revenue challenges, unveiling the evolving dynamics of mobile gaming.
Gupshup to launch multilingual WhatsApp chatbot for buyer apps on ONDC
Gupshup's WhatsApp chatbot on ONDC streamlines buyer experience, supports enterprise integration, and expands to include food orders, location sharing, Google RCS, and voice integration. Operating globally, Gupshup aims to reach diverse populations through WhatsApp for seamless conversational commerce.
10 Best Selling Mobile Phones of June 2024: Explore brands like OnePlus, Redmi, Samsung and more
If you are struggling to make up your mind about which smartphone to buy, then you are at the right place. Make sure to check out Amazon’s curated list of of this month’s best-selling mobile phones that come with massive batteries, advanced processors and a high-quality camera among other features.
Tencent's 'Dungeon & Fighter' game pulled from some Android app stores
Tencent is removing 'Dungeon & Fighter' from selected Android app stores as contracts expire, sparking issues over revenue sharing in China's mobile game market.
Aiming to cross milestone of Rs 1000 crore revenue by FY-27: Rohan Verma, MapmyIndia
There is lot of growth opportunities ahead for MapmyIndia if you look at the areas that we play in, which is maps, IoT and drones. And, it is essentially what we are trying to do every year or every few years is unlock more adjustable markets for ourselves.
Ixigo IPO pops; AI jobs command premium pay
Ixigo lists at about 50% premium, ends day at 20% upper circuit. This and more in today’s ETtech Top 5.
SMS makes a strong comeback as global firms shift away from WhatsApp
Global tech firms like Amazon, Google, and Microsoft have returned to using SMS OTPs in India after Meta's WhatsApp changed pricing and norms for international authentication messages. This has led to a 50-70% increase in monthly international SMS volume for telecom operators in India since March.
Sebi launches Saa₹thi 2.0 mobile app on personal finance
The updated Saa₹thi app comes with an user-friendly interface. Its comprehensive tools are aimed at simplifying complex financial concepts. It has financial calculators, modules that introduce and explain KYC procedures, mutual funds, ETFs, buying and selling shares on stock exchanges, investor grievances redressal mechanism, and the Online Dispute Resolution platform
Best Samsung Mobile Phones in India - June 2024
Are you looking for a good mobile phone? If so, then there is no better choice than Samsung. Continue reading this article to learn about the best Samsung mobile phones in India which are readily available on Amazon. Go through the complete list, find the best option for yourself and place your order using the given buying links.
RBI Guv Shaktikanta Das launches PRAVAAH, Retail Direct mobile app and FinTech Repository
The Reserve Bank of India (RBI) has launched three major initiatives to enhance regulatory processes, facilitate retail investment, and provide comprehensive data on the fintech sector. The PRAVAAH portal is a secure web-based platform for individuals and entities seeking authorizations, licenses, or approvals from the RBI. The RBI Retail Direct mobile application simplifies transactions for retail investors, and the FinTech Repository provides data on Indian fintech firms for better regulatory understanding and policy formulation.
AI and ML powering the next generation of personalisation for on-demand apps: Madan Thangavelu, Senior Director, Engineering, Uber
The on-demand service industry relies on mobile apps for user experience (UX) despite limited UI space on smartphones.
Stock market fraud via WhatsApp, Facebook, Telegram: Two investors lost over Rs 3 crore; how to identify scam and protect yourself
Stock market scams via WhatsApp, Telegram, Facebook or Instagram: Two investors lost over Rs 3 crore in separate scams, highlighting a concerning trend. Fraudsters lure victims via social media with promises of high returns. They use fake profiles, apps, and WhatsApp groups to build trust before blocking withdrawals. Beware social media stock tips promising high returns. It's a scam! Learn how to identify fraudsters and protect yourself. Read for modus operandi and red flags here.
Zerodha's Nikhil Kamath advice for parents: Gaming isn't a hobby anymore, its a serious career option
Zerodha co-founder Nikhil Kamath advocates for gaming as a serious career path, emphasizing India's market dominance. He discusses industry trends, including the rise of mobile gaming and increasing female gamers, highlighting the growth in pay-to-play models.
Bank of Baroda shares rise over 3% after RBI lifts ban on adding customers on its mobile application
Bank of Baroda Share Price: Government-owned BoB told stock exchanges that the RBI, in a letter dated May 8, conveyed the decision to lift the restrictions on 'BoB World' with immediate effect.
Bhavish Aggarwal's Krutrim AI launches mobile app, opens up cloud infra for businesses
Krutrim AI, an artificial intelligence (AI) startup founded by Ola Electric's Bhavish Aggarwal, has opened up its cloud for entrepreneurs and developers. Aggarwal said this will help businesses build products without depending on western cloud solutions.
Kotak Mahindra Bank penalised by RBI: What happened on April 15, 2024, that was the final straw?
The Reserve Bank of India (RBI) has imposed restrictions on Kotak Mahindra Bank's digital onboarding and credit card issuance. This action follows concerns identified by the RBI regarding the bank's IT infrastructure and information security practices. RBI mentions, "...the bank’s Core Banking System (CBS) and its online and digital banking channels have suffered frequent and significant outages in the last two years, the recent one being a service disruption on April 15, 2024." What happened on April 15? Know all the details.
ICICI Bank iMobile app glitch: Several ICICI Bank customers are now seeing details of other users when using mobile app
On the ICICI Bank iMobile app several users have claimed to be able to access details of other customers (people they don’t even know) – these include credit card details. If you can see other people's card and account details, make sure to raise the complaint to avoid and any misuse.
Gen Zs take insta liking to stock market reels
Gen Z is turning to investment apps like Zerodha for financial independence. With a focus on compounding and SIPs, the youth navigates market volatility cautiously, influenced by 'finfluencers' on social media.
Investment in government bonds: RBI to launch mobile app for Retail Direct portal
RBI Retail Direct Mobile App: The central bank announced the launch of mobile app for RBI Retail Direct portal for investing in government securities. This will make it easier for retail investors to buy, sell and invest in central government bonds, state government bonds, treasury bills, Sovereign Gold Bonds via Retail Direct Portal. The RBI launched the RBI Direct Scheme in November 2021 to make it easier for common man to invest.
Russian antitrust agency complains to Apple over users' limited payment services
Russia's Federal Antimonopoly Service (FAS) has fined Apple around $26 million in the last two years related to what it described as Apple's abuse of its dominant position concerning the mobile apps market and in-app payments.
India’s gaming industry powers up
The report found that India contributes approximately 20% of the world’s total mobile game downloads, surpassing even the combined download totals of the next two: The US and Brazil.
India leads the way in app downloads
India-based shopping apps climbed the Asia download ranking chart for the quarter ended December 31 driven by Diwali and online shopping events such as Flipkart’s ‘Big Billion Days’.
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