Connect with us

News

Tencent Looks At Investing In India To The Tune Of $ 5 Million!

Published

on

Tencent Looks At Investing In India,Startup Stories,2018 Latest Business News,Tencent Business News,Startup News India,Startup Funding News,Startup Landscape in India,Chief Executive of Naspers,Tencent Funds Invest In India,Tencent Invest in India Of $5 Million

Tencent, Chinese conglomerate known for its We Chat messaging platform is now eyeing the booming early stage startup landscape in India. The company is looking to invest $ 5 million to $ 15 million in startups such as ShareChat and Kissht.

Post its foray into the Indian ecosystem in 2015, Tencent has majorly invested hefty sums in late-stage startups only. Its early bets include Practo, Hike, Flipkart, and Ola. “Tencent could invest between $5 Mn and $15 Mn across segments including, gaming, content, social media and consumer lending,” one of the people cited above said on condition of anonymity,” said sources close to the development.

In the year 2017, out of the 70 disclosed investments of Tencent, about 36% were directed toward early stage investments, 23% was targeted towards late stage investments while the remaining 3% was targeted towards seed funding. Tencent’s new focus on relatively young venture firms marks a diversification of the company’s funding strategies.

The reports also suggest that Tencent might make its early stage startups bet in India in association with Naspers. Most recently, Naspers has announced it will use the $ 10 billion it raked in as part of its Tencent share sale, through which there will have a major focus on the Indian market.

As Bob Van Dijk, Chief Executive of Naspers, indicated in an earlier interaction with ET, “We (Naspers and Tencent) have done several co-investments — MakeMyTrip and OLX India, where they are a minority investor. They also now co-invest with us in Flipkart… Both Tencent and Naspers are huge believers of the Indian market, and we have the intention to do a lot more together going forward.”

According to further industry reports, Tencent is likely to invest anywhere between $ 5 million to 15 million across fields like gaming, content, social media and consumer lending. Tencent, its Chinese rival Alibaba Group, and Japan’s SoftBank Group Corp have become increasingly aggressive in India the past 12 months, picking up stakes in some of the country’s most richly valued companies and driving up valuations to stratospheric levels in the process.

 

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

BMW’s New Logo Debuts Subtly on the All-Electric iX3: A Modern Evolution

Published

on

BMW new logo

BMW quietly debuted its new logo on the all-electric iX3, marking a significant yet understated shift in the brand’s design direction for 2025. The updated emblem retains the classic roundel and Bavarian blue-and-white colors, but sharp-eyed enthusiasts noticed subtle refinements: the inner chrome ring has been removed, dividing lines between blue and white are gone, and the logo now features a contemporary satin matte black background with slimmer “BMW” lettering. These enhancements showcase BMW’s embrace of modern minimalism while reinforcing their commitment to premium aesthetics and the innovative Neue Klasse philosophy for future electric vehicles.

Unlike rival automakers that reveal dramatic logo changes, BMW’s refresh is evolutionary and respectful of tradition. The new badge ditches decorative chrome and blue borders associated with earlier electric models, resulting in a flatter, more digital-friendly design that mirrors recent branding seen in BMW’s digital communications. Appearing first on the iX3’s nose, steering wheel, and hub caps, this updated identity will gradually be adopted across all BMW models—both electric and combustion—signaling a unified brand language for years to come.

BMW’s strategic logo update represents more than just aesthetic reinvention—it underscores the brand’s dedication to future-ready mobility, design continuity, and a premium EV experience. As the new roundel begins rolling out on upcoming BMW vehicles, it stands as a testament to the automaker’s depth of detail and thoughtful evolution, offering subtle distinction for keen observers and affirming BMW’s iconic status in the ever-changing automotive landscape.

 

Continue Reading

News

iPhone 17 India Price, Features & Availability: All You Need to Know

Published

on

Startup Stories

Apple has officially launched the highly anticipated iPhone 17 series in India, with prices starting at INR 82,900 for the base 256GB model. The new lineup includes the iPhone 17, iPhone 17 Pro, iPhone 17 Pro Max, and the newly introduced ultra-slim iPhone Air. Apple has removed the 128GB storage variant, making 256GB the minimum for all models. The standard iPhone 17 features a vibrant 6.3-inch ProMotion OLED display with a 120Hz refresh rate and an upgraded Ceramic Shield 2 for improved durability. It comes in fresh color options like lavender, mist blue, sage, white, and black.

The iPhone 17 Pro and Pro Max models are powered by Apple’s latest A19 Pro chip and start at INR 1,34,900 and INR 1,49,900, respectively. These Pro models feature sleek titanium frames, significant camera upgrades including 8K video recording, and up to 6x optical zoom in the Pro Max. Meanwhile, the iPhone Air, priced from INR 1,19,900, is the slimmest and lightest iPhone ever, boasting a 6.7-inch Super Retina XDR display with ProMotion technology and a triple-camera setup, positioning itself between the standard and Pro models.

Pre-orders for the iPhone 17 series commence on September 12, with sales beginning on September 19, 2025. Alongside the launch, Apple has reduced prices for the previous iPhone 16 models while discontinuing the iPhone 16 Pro and Pro Max variants. The iPhone 17 series exemplifies Apple’s ongoing commitment to enhancing display technology, camera capabilities, and overall performance, setting a new benchmark for premium smartphones in the Indian market.

Continue Reading

Startup News

Meet the 13 Deeptech Startups Empowered by BIGShift Accelerator in India

Published

on

Bigshift

India’s deeptech ecosystem has reached a significant milestone with the launch of BIGShift, a premier accelerator programme by Inc42 and India Accelerator designed to empower early-stage startups developing breakthrough technologies. The first cohort comprises 13 innovative startups addressing complex challenges in fields such as artificial intelligence, aerospace, robotics, healthcare, and geospatial analytics. These startups benefitted from specialized capital-readiness training, strategic mentorship, and direct access to investors interested in supporting high-risk, high-reward deeptech ventures, making BIGShift a crucial platform for nurturing India’s next-generation technology leaders.

The accelerator programme uniquely combines virtual bootcamp sessions with a comprehensive two-day in-person masterclass, equipping startups with advanced go-to-market strategies, funding expertise, and a valuable network of experienced operator-mentors. Noteworthy startups from the cohort include ActionSync, focused on enterprise data unification; Polygon Geospatial, delivering AI-powered real-time spatial analytics; Purna AI, which innovates in preventive health through genetic biomarkers; Spacetaxi, pursuing reusable commercial rockets; and VertiFly, specializing in hybrid eVTOL aerial mobility solutions. This diverse group exemplifies the ingenuity and pioneering spirit of Indian deeptech entrepreneurship across multiple high-impact sectors.

BIGShift’s inaugural cohort not only accelerates technological development but also provides critical support mechanisms like pilot project matchmaking, regulatory guidance, and facilitating enterprise collaborations. As these 13 startups transition their groundbreaking solutions from the lab to the marketplace, BIGShift is poised to be a catalyst for deeptech innovation in India, helping transform scientific research into scalable, impactful businesses that will shape the country’s technological future.

Continue Reading
Advertisement

Recent Posts

Advertisement