Koo was launched in March 2020. The objective was to enable users to express themselves online in their mother tongue. Currently, it is available in 10 languages – Hindi, Marathi, Gujarati, Punjabi, Kannada, Tamil, Telugu, Assamese, Bengali and English. The app has over 40 million downloads.
Oyo had announced in March that that its global chief business officer, Ankit Tandon will take on the additional responsibility of Southeast Asia with a specific focus on Indonesia and the Middle East region as its CEO.
This is a departure from issuing a revolving credit line to consumers and comes after the Reserve Bank of India (RBI) recently barred fintech firms from loading credit lines onto wallets and prepaid payment instruments.
Daisy Chittilapilly, president of Cisco India and SAARC told ET that the government had massive technology-led programmes, including BharatNet, wi-fi for citizens and defence modernisation projects, and that the country was now onboarding 5G technology.
The Indian Venture Capital Association (IVCA) also recently held a meeting with the ONDC team to understand how various startups could collaborate on the network.
Ajai Chowdhry, co-founder of HCL Technologies and a member of the Indian Semiconductor Mission's advisory panel, told ET that policy makers have to take note of the obvious lack of local research that bolsters semiconductor manufacturing, a “missing piece” in the country's $10 billion plan for self-reliance in semiconductors.
The company has backed software developing startup Kaching, ecommerce startup Mall91 and edtech platform Seekho among others.