The Indian Ministry of Electronics and Information Technology (MeitY) has ordered Google to remove the Chinese chat application 'Ablo' from the Google Play Store due to a dispute over the representation of the Indian map. This directive follows concerns about the app displaying a distorted map of India. Concurrently, Zepto CEO Aadit Palicha highlighted a cautious mindset among Indian startup founders, noting a tendency to celebrate early traction rather than aiming for category-defining outcomes, which he believes limits the growth potential in one of the world's fastest-growing markets. In the Indian startup funding landscape, A91 Partners has raised $665 million for its third India-focused fund, while InCred Alternatives secured $70 million for its maiden Special Situations Fund, targeting $175 million by year-end. These developments come amid a broader context of renewed late-stage funding interest in startups with strong fundamentals and a wake-up call for Indian IT companies facing an AI-driven transformation.
InCred Alternatives Raises $70mn in Maiden Special Situations Fund, Aims for $175mn by Year End https://t.co/xe4Sg5sGeR https://t.co/gJ0Fc1wofi
Check out the latest article in my newsletter: Vibe Coding and AI: Creative Flow Meets Maintenance Reality https://t.co/EbwGeojFE1 via @LinkedIn
A91 Partners raises $665 million for its third India fund https://t.co/WUsXNc86JI via @moneycontrolcom