The e-commerce giant said the new investment will support its efforts to digitize small businesses and strengthen its logistics and operations footprint in India.
Meesho had a good first day as a public company, with its shares climbing as much as 46% from its issue price as investors jumped to grab a piece of the company built around small merchants and value-conscious consumers.
Kabir Narang is laying the groundwork for a new investment platform slated for 2026 that will focus on "compounding at the intersection of technology, AI, and global capital flows."
Truecaller's Family Protection will be rolled out widely in the first quarter of 2026. The new feature lets up to five people join a family group overseen by one member who acts as the administrator and manages scam-blocking settings for the others.
PhonePe has shut down its Pincode app over two years after its debut. The company said it will now focus on working with offline retailers by expanding its B2B offerings.
On Wednesday, the Indian telecom ministry said Sanchar Saathi, an anti-theft and cybersecurity protection app, would remain voluntary and that smartphone makers would no longer be required to preload it on devices they sell.
The Indian government has ordered smartphone makers to preinstall its Sanchar Saathi app on all devices, a move that is raising fresh privacy concerns.