Amazon’s cloud computing business officially inaugurated its first data center infrastructure in India with the launch of two data centers in Mumbai, which becomes the 6th AWS Region in Asia Pacific bringing the global footprint of AWS Regions to 13. Local server infrastructure enables a quicker transfer of data between clients and Amazon’s...
4 Indian Startups in Billion Dollar Club
The Wall Street Journal’s and the Dow Jones VentureSource’s Billion Dollar Club includes startups that venture-capital investors believe are worth at least $1 billion and have raised money in the past three years, and four Indian startups make the list. Ranked 5th of 73 companies listed is Flipkart Internet Private Ltd.,...
Investors’ Growing Appetite for Vehicle-Rental Startups in India
Indian vehicle-rental startups focused on urban transportation needs are getting funding by US venture capitalists. With one of the world’s lowest car-ownership rates–18 out of 1,000 people, according to the World Bank — India has a large pent-up demand for vehicles. Sequoia Capital has invested $8 million in Zoomcar, an...