Seattle, Washington-based Amazon Inc., will launch a new service delivering from restaurants ahead of India’s month-long festive season, which starts in September. The company has teamed up with Bangalore-based Catamaran Ventures, founded by IT billionaire Narayana Murthy. Research firm RedSeer Consulting says that India's rising middle class has driven the growth...
Silicon Valley Tuning In to India's Music Industry
India's internet boom has tech giants turning to the country's 560 million internet users, and massive music industry. Facebook signed licensing deals with some of the biggest record labels in Bollywood that will allow users of Facebook and Instagram in India to add songs to their posts. Google rolled out...
Mobile Game Industry Flourishes in India
With increased overseas investment and partnership, India's digital gaming industry is growing rapidly. One of the top five countries for mobile gaming in the world, this sector is already worth over $890 million and is rapidly approaching the $1 billion mark. Currently, the country has more than 250 game development companies,...
U.S., India, China, Lead in Artificial Intelligence
Malcolm Frank, head of strategy at IT firm Cognizant, headquartered in Teaneck, New Jersey, told CNNMoney that the United States, India, and China are far ahead of anyone else in artificial intelligence. In America, Amazon, Facebook, Google, and Tesla are investing billions of dollars to substitute for people in sectors such...
Facing its Rivals' Merger, Amazon India Recommits
In an interview with MoneyControl over Amazon's India strategy to counter a possible merger between India's largest e-commerce company Flipkart, and its rival Snapdeal, Amazon's India chief Amit Agarwal said, "... no matter what happens, even after 20 years, customers will want great selection, great product and fast delivery. So...
India's Flipkart Raises $1.4 Billion Funding
Flipkart Private Ltd, the Singapore-based holding company of India’s e-commerce marketplace Flipkart, based in Bangalore, closed a $1.4 billion funding round with backing from Chinese Internet giant Tencent, eBay, and Microsoft. Post funding, the valuation of India's most highly valued startup is now $11.6 billion from a previous high of $15...