Telegram cuts subscription fee by more than half in India

Telegram has cut the monthly subscription fee for its premium tier by more than half in India, just months after introducing the offering as it attempts to aggressively cash in on a large user base in one of its biggest markets.

In a message to users in India on Saturday, Telegram said it was making the subscription available in the country at a discount. The monthly subscription now costs customers 179 Indian rupees ($2.2), down from 469 Indian rupees ($5.74) earlier. The app’s monthly subscription, called Telegram Premium, costs between $4.99 to $6 in every other market.

Users who have not received the message are also seeing the new price in the settings section of the app, they said and TechCrunch independently verified.

India is one of the largest markets for Telegram. The instant messaging app has amassed over 120 million monthly active users in the country, according to analytics firm (An industry executive shared the figures with TechCrunch.) That figure makes the app the second most popular in its category in the country, only second to WhatsApp, which has courted over half a billion users in the South Asian market.

Telegram, which claims to have amassed over 700 million monthly active users globally, introduced the optional subscription offering in June this year in a move it hopes will improve its finances and continuing to support a free tier. Premium customers gain access to a wide-range of additional features such as the ability to follow up to 1,000 channels, send larger files (4GB) and faster download speeds.

The Dubai-headquartered firm joins a list of global tech firms that offer their services for lower cost in India. Apple’s music app charges $1.2 for the individual monthly plan in the country, whereas Netflix’s offerings starts at as low as $1.83 in the country.

Telegram cuts subscription fee by more than half in India by Manish Singh originally published on TechCrunch

Indian market regulator tightens IPO disclosure norms

India’s market regulator has tightened disclosure norms for firms looking to file for an initial public offering after lackluster performance of more than half a dozen tech startups in the past year and a half.

Firms looking to raise funds from public offers will now be required by law to disclose their key performance indicators and issuing pricing based on past transactions and private funding rounds in their offer documents, the Securities and Exchange Board of India said in a statement.

The regulator said the new step is aimed at bringing parity between retail and private equity investors. It said retail investors haven’t had adequate access to key indicators of a firm whose shares they are buying whereas private equity backers have been able to monitor and act on those data internally for years.

India gets its S-1

Startups are also getting an option to pre-file their offer documents and get a review from the regulator, similar to the S-1 filings U.S. and Canadian startups enjoy.

“Pre-filing mechanism allows issuers to carry out limited interaction with without having to make any sensitive information public. Further the document which incorporates SEBI’s initial observations would be available to investors for a period of at least 21 days, thereby, assisting them better in their investment decision making process,” the regulator said.

The capital markets regulator is tightening the disclosure norms at a time when nearly all the startups including Zomato, Policybazaar and Paytm that went public last year or this year are trading at lower than half of their debut listing prices.

As the market turns, investors are increasingly readjusting the valuations of late-stage startups that they have backed, making it even more crucial for retail investors to make more informed decisions. SoftBank recently internally cut the valuation of budget hotel chain Oyo, once a $10 billion firm, to $2.7 billion. The startup is seeking a valuation of over $10 billion in the listing early next year.

Addressing grievances from retail investors, SEBI chairperson Madhabi Puri Buch (pictured above) clarified at a conference earlier this month that the market regulator had no business in telling startups how they should price their shares. But she said the regulator will work to help investors make informed decisions.

“A lot has been said about the pricing of IPOs of the new tech companies. Our view is simple. At what price you choose to do your IPO is your business. We have no business to suggest the price,” said Buch.

“If a company has three or six months ago placed its equity at ₹100 and now wishes to come to the market at ₹450. No problem. But when you disclose… disclose to the investor what accounts for the difference between ₹100 and ₹450. What has changed,” she added.

Indian market regulator tightens IPO disclosure norms by Manish Singh originally published on TechCrunch

Amazon quietly picked up a cashierless store startup to stock its Amazon Go play in India

Amazon’s steady march to bring Amazon Go-powered instant checkout stores across the U.S. and U.K. has been well-documented. Far less known is that it has also been making some moves to expand the technology in another very key market for the business: India.

TechCrunch has learned that Amazon quietly picked up the founders of a cashierless store startup out of the south of India, hired at least 100 more people to bolster the effort, and is still hiring more to build out the team even further.

The hires have included support and software engineers, embedded system experts, computer vision scientists and program managers, all of whom now indicate on LinkedIn profiles that they are working on Amazon Go in the country. Current Amazon recruitment posts point to the company to bring on more to join the effort.

Amazon has set up Just Walk Out technology operations units across cities including Delhi, Hyderabad and Chennai to work extensively on Amazon Go stores. Those operations are being underpinned by what looks like a quiet acquisition the Seattle-headquartered company made of Nayasale Retail, the parent of a startup called Watasale. Watasale is/was a Kochi, Kerala-based startup that claimed to be India’s first Amazon Go-style cashierless store, which it launched in the South Indian state back in January 2018.

Watasale employees have joined Amazon, but it is not fully clear if Amazon has “acquired” or “acqui-hired” the business. Watasale’s website is still functioning, although it appears that a number of links (such as to its app on Google Play, and explanations of how its tech actually works) are no longer active.

The site points to a lot of different technology it was building around the idea of automated check-outs. It notes that the startup had developed technology for operating “micro stores”: vending-style machines that worked using smartphones and QR codes that could be placed into any shop.

It was also working on larger whole-store implementations that, according to the site, leveraged cameras and computer vision and “sensor fusion” to understand shoppers’ actions, along with big data analytics and deep learning to gain insights into consumer behavior, with the idea being to build more complete pictures around purchasing patterns that would be more complicated (if not impossible) to ascertain from more traditional shopping environments.

In both scenarios, Watasale’s technology lets shoppers select items and have them be automatically charged and paid for by way of a prepaid wallet — all of it handled by Watasale, without any need for a cashier or a physical check-out process.

Watasale was also, it seems, working on further technology too, including robot-powered delivery services. Automated delivery, it writes on its site, was a “first in class completely autonomous online delivery concept in the making” in which orders from Watasale stores would be dispatched by robots to a requested nearby location.

Watasale store

A Watasale store in Kochi

“We use a combination of touch sensors, AI and computer vision—pretty much the same technology as in a self-driven car,” Richu Jose, who was at the time the COO of Watasale, said in a pitch-style interview published in an Indian publication StartupTalky. The startup actually started working on its technology in 2015, before Amazon Go was launched, but it seemed to credit the e-commerce giant for essentially confirming their hunch that the area was worth pursuing.

“We started working on the technology in the start of 2015,” Subhash Sasidharakurup, who had been the CEO and CTO of Watasale, said in the same interview. “It was after the announcement by Amazon that they were going to [launch] Amazon Go, similar to our technology, that we were reinstated about our correct direction.”

By January 2020, Jose, Sasidharakurup, and another Watasale director, Subhash Shanoop Sivadas, had all joined Amazon, according to their LinkedIn profiles. Two other directors of the startup, who were based in the U.S., Dileep Elipe Jacob and Vinci George Mathews, exited the board in December 2021, according to the filings with the Indian regulatory body Registrar of Companies.

Amazon and the directors of Watasale did not respond to requests for comment about what, exactly, Amazon has purchased here, but in January 31, 2022, Nayasale Retail requested the Registrar of Companies to remove its name from official records through the provisions of Section 248 (2) of the Companies Act, 2013, filings show. The same filings appear to indicate that the company itself was bootstrapped.

A source told TechCrunch that employees at the startup were offered the option to join Amazon and work with the team building the technology behind Amazon Go stores. But it’s not clear whether that is to build technology for stores in existing Go markets like the U.S. and U.K., or for India; nor is it clear what the timing might be for a launch if it’s the latter of those.

Introduced in beta in 2016, Amazon Go was first launched in Seattle. The company later expanded the partially automated stores to other parts of the U.S., including Chicago, San Francisco and New York, as well as to London. In 2020, it also started selling its cashierless store technology to other retailers.

While Amazon has pulled back on some of its brick-and-mortar retail strategy, it appears to be doubling down on stores that are built around its more cutting-edge cashierless tech. Currently, there are 28 Go in the U.S. alone, with two Starbucks Pickup with Amazon Go stores that were launched in November last year.

Amazon Go store

Amazon Go’s first store in Seattle

Opening up brick-and-mortar stores is a logical extension for Amazon’s bigger play in India, where it has deployed over $6.5 billion to grow its presence in the country.

Although e-commerce is definitely on the rise in the tech-savvy, mobile-friendly country, brick-and-mortar retail remains a huge business. The IBEF, citing data from Payoneer, estimates that e-commerce accounted for 4% percent of both food- and non-food retail in 2020, and that the figure would rise to just 8% by 2025.

That leaves a lot on the table for physical commerce. To that end, Amazon has aggressively explored partnerships with neighborhood stores in recent years. That is, however, a long bet for the company. A report by investment firm Sanford C. Bernstein said last month that Amazon’s spending for growth in India has made its local division’s prospects of turning a profit “elusive.”

And Amazon faces a tough fight with Walmart-owned Flipkart, as well as Mukesh Ambani’s Reliance Retail, which has been expanding of late and outwitted the U.S. firm’s attempt to acquire India’s second biggest retail chain Future Retail.

Yet Amazon is working hard to increase its presence in the country, which is expected to double its e-commerce spending to over $130 billion by 2025, according to Bernstein’s estimates.

Other than inking partnerships with neighborhood stores, Amazon has also acquired stakes in physical retail chains in the country in recent years.

In 2018, Amazon and private equity firm Samara Capital acquired Aditya Birla Group’s food and grocery retail chain More to enter offline retail in the country. The investment arm of the U.S. company also in 2017 bought a 5% equity (PDF) in departmental store chain Shoppers Stop. Nevertheless, it’s not apparent if either of the moves have helped Amazon make inroads with consumers making the majority of their expenses in brick and mortar shops.

Ankur Bisen, senior partner and head of retail, consumer products and food products and services at consulting firm Technopak, told TechCrunch that how the Indian ecosystem evolves socially, politically, policy and policy-wise determine a lot of the decisions that Amazon takes.

His estimates are a little brighter than those of IBEF: as much as 85% of the retail sector in the country still comes under traditional retail, he said. Nothing has so far impacted the sustainability of local neighborhood stores in the country, he added.

Amazon quietly picked up a cashierless store startup to stock its Amazon Go play in India by Jagmeet Singh originally published on TechCrunch

India searches premises, freezes bank accounts in ongoing Free Fire investigation

India’s financial crime fighting agency searched the premises of Coda Payments India, distributor of Sea’s Free Fire, as part of an investigation.

The Enforcement Directorate said in a tweet Tuesday that it searched three premises of Coda Payments India as part of an “ongoing investigation” into the distributor and Free Fire, a title that New Delhi banned earlier this year, and froze bank accounts with balance of $8.4 million.

The Southeast Asian giant Sea-owned battle royale game had over 40 million of its 75 million globally monthly active users in India in January, according to analytics firm App Annie, data of which an industry executive shared with TechCrunch. Sea, which counts Tencent among its largest backers, was also quietly testing its social commerce Shopee in India. In March, Sea said it was shutting down its India operations.

Even as India has never said it is particularly taking action against developers from any certain country, the vast majority of the apps it has banned in the past two years had origins in China. Chinese giant Tencent, which is a major investor in Shopee, is one of the few Chinese connections Free Fire carries.

The government agency has performed over half a dozen probes into tech firms this year, including those in Chinese smartphone vendors Vivo, Oppo and Xiaomi and seized more than $1 billion of capital that it said firms had evaded in fraudulent tax computations.

The Enforcement Directorate also freezing assets worth over $8 million from WazirX earlier this year, citing suspected violation of foreign exchange rule, and $46 million from the local entity of Vauld for facilitating “crime-derived” proceeds from predatory lending firms. Last month, it alleged that crypto exchange CoinSwitch violated forex laws.

India searches premises, freezes bank accounts in ongoing Free Fire investigation by Manish Singh originally published on TechCrunch

Samsung launches credit card in India

Samsung has launched two credit cards in India, entering a crowded category that sees over 50 companies fiercely compete for consumers’ attention in the world’s second largest internet market.

The South Korean giant said it has partnered with the Mumbai-headquartered Axis Bank and global payments processor Visa to launch the cards, which it is calling the Samsung Axis Bank Credit Card. Consumers buying Samsung’s products and services through either of the cards will get a 10% cashback “round the year,” the company executives said at an event in New Delhi. (The cashback is capped yearly at 10,000 Indian rupees ($123) on the Signature card, and 20,000 Indian rupees ($246) on Infinite card.)

Samsung, the second largest smartphone vendor in India, said it will also offer customers “exciting” financing options on the credit cards. The cards are especially aimed at serving consumers in smaller Indian cities and towns, the executives said.

Even as the space Samsung is entering is crowded, the opportunity is undoubtably large. Indian banks have issued over a billion debit cards to customers in the country, but fewer than 25 million unique individuals in the nation have a credit card, according to industry estimates.

Customers will earn rewards for spendings through their cards and get access to deals from local firms including food delivery service Zomato, fashion e-commerce Myntra, online pharmacy Tata’s 1mg, grocer Bigbasket and Urban Company.

Monday’s announcement underscores smartphone makers’ growing attempt to broaden their services. Chinese giant Xiaomi, which commands the smartphone market in the country, launched a UPI-powered payments service in India in 2019 and started to lend to customers last year. (Samsung launched its payments service Samsung Pay, powered by UPI, in India in 2017.)

Co-branded cards are generally “a win-win for the bank, the partner brand and the customers” as it allows power users of a brand to get higher benefits as they spend more with the brand.

“The brand gets more loyalty from its users, while the bank obviously benefits by getting access to a different set of customer base with the customer acquisition itself coming from the brand or the brand’s loyalist users,” a Bengaluru-based fintech executive told TechCrunch, requesting anonymity commenting on other company’s products.

The annual fee on Signature card is $6.13 before taxes, whereas the Infinite card levies a charge 10 times of that. The company said it will soon start accepting applications from customers for the cards.

“At Samsung, we believe in transforming the lives of our consumers through the power of innovation. The Samsung Axis Bank Credit Card, powered by Visa, is our next big India-specific innovation that will change the way our customers buy Samsung products and spend on services through a series of industry-leading features. We’re excited to be able to put the control into our consumers’ hands,” said Ken Kang, President and CEO, Samsung South-West Asia, in a statement.

Samsung launches credit card in India by Manish Singh originally published on TechCrunch

India is repurposing its COVID-19 contact tracing app and vaccination website

India is repurposing its COVID-19 contact-tracing app and vaccination website to address other health concerns in the South Asian country.

A senior official said Sunday that the Indian government is planning to use Aarogya Setu as the country’s standalone health app.

The app will offer residents the ability to book medical checkup appointments and verify the registrations with QR codes to avoid waiting in queues at hospitals, RS Sharma, the chief executive of the National Health Authority, the body that oversees implementation of the country’s flagship public health scheme, said at a public event.

Aarogya Setu, launched in 2020, has amassed over 240 million downloads, he said. The app was initially launched as a “temporary solution to a temporary problem.

Shortly after its launch, Aarogya Setu, which means “bridge to health” in Sanskrit, attracted some concerns from privacy advocates over the app’s tracking of individuals. New Delhi dismissed the concerns and said at the time that the so-called flaws were implemented in the app by design. Weeks later, it open sourced the app.

The Indian government is also repurposing its COVID-19 vaccination website, CoWIN, to serve the country’s universal immunization program.

The revamped site will allow individuals to locate and obtain mandatory vaccines covered by the national immunization program, including the polio drops, and attempt to help small-scale doctors use it as their health information management system, said Sharma, who previously oversaw the nation’s telecom regulator.

COVID Vaccine Intelligence Network, which is commonly called CoWIN, was introduced in January last year as the Indian government’s platform to keep a unified record of COVID-19 vaccination.

India is repurposing its COVID-19 contact tracing app and vaccination website by Jagmeet Singh originally published on TechCrunch

Apple starts manufacturing iPhone 14 in India

Apple has started assembling the iPhone 14 models in India, it said Monday, locally producing the current lineup for the first time in the same calendar year in the world’s second largest smartphone market as analysts predict a greater shift in the American giant’s future manufacturing.

The company’s global partner Foxconn is manufacturing the device in the Sriperumbudur facility near Chennai. The locally produced iPhone units will go on sale in the country later this year. “We’re excited to be manufacturing iPhone 14 in India,” an Apple spokesperson told TechCrunch in a statement.

Apple began locally assembling smartphones in India in 2017, but until this year, the iPhone-maker has used the manufacturing facilities in India to assemble older generation handsets. Apple launched the iPhone 14 models earlier this month.

Analysts estimate that Apple will turn India into a global iPhone manufacturing hub by 2025 as it slowly cuts its reliance on China, where it has been producing the vast majority of its devices for over a decade. In a report earlier this month, JP Morgan analysts said Apple will move 5% of global iPhone 14 production to India by late 2022 and expand its manufacturing capacity in the country to produce 25% of all iPhones by 2025.

India has attracted investments from Apple manufacturing partners Foxconn and Wistron in recent years by offering lucrative subsidies as New Delhi moves to make the country a manufacturing hub. The presence of the foreign production giants, coupled with “ample labor resources and competitive labor costs,” make India a desirable location, JP Morgan analysts said.

“India’s iPhone supply chain has historically supplied only legacy models. Interestingly, Apple has requested that EMS vendors manufacture iPhone 14/14 Plus models in India in 4Q22, within two to three months of the start of production in Mainland China. The much shorter interval implies the increasing importance of India production and likely higher iPhone allocations to India manufacturing in the future,” the report added.

“We believe Apple only produces iPhone 14/14 Plus models in India now due to the more complex camera module alignment of the iPhone Pro series (done by EMS vendors) and higher local market demand for the iPhone 14 series (tax savings). We expect the volume to start small in 4Q22 (~1M units per month, or 5% of total iPhone volume).”

As Apple expands its local manufacturing capacity in India, many will hope that it will make its handsets affordable in the country. The base iPhone 14 model, which is priced at $799 in the U.S., costs 79,900 Indian rupees ($980). Whereas the entry iPhone Pro Max model costs $1,717 in India, compared to its $1,099 sticker price in the U.S.

Even as Apple commands a tiny market share in India, the iPhone-maker has broadened its investment in the country in the past five years. It opened its online Apple Store in the country two years ago and has publicly shared that it’s working to launch its first physical store in the nation.

Apple-rival Samsung already identifies India as a key global manufacturing hub and has set up one of its largest factories in the country. Chinese smartphone maker Xiaomi, which currently leads the market, as well as its rivals Oppo, Vivo and OnePlus also locally assemble a number of their handsets in the country.

Google also plans to move some of Pixel smartphones’ production to India, The Information reported recently. The company, which skipped shipping flagship models in India for two generations, said last week that it will launch the upcoming Pixel 7 models in India.

Apple starts manufacturing iPhone 14 in India by Manish Singh originally published on TechCrunch

Byju’s clears $230 million payment to Blackstone for $1 billion Aakash deal

Byju’s has cleared all its dues to Blackstone by paying $234 million it owed the global investment giant for the $1 billion acquisition of Aakash, a source familiar with the matter told TechCrunch, addressing one of the criticisms levelled against the Indian edtech giant in recent months.

The Bengaluru-headquartered startup, valued at $22 billion, had pushed back on some payments for the approximately $1 billion acquisition of the physical education chain last year, citing regulatory clearance. Blackstone, which is also an investor in Byju’s, owned about 38% of Aakash prior to the acquisition.

Byju Raveendran, founder and chief executive of the eponymous edtech startup, told TechCrunch earlier this month in an interview that Byju’s and Blackstone had mutually decided to process the payments later. The Indian startup cleared the due this week, the source said, requesting anonymity as the details are private.

Blackstone and Byju’s did not immediately respond to a request for comment Friday evening.

The Indian startup, which offers online and offline learning services to students from kindergarten to those preparing for competitive college entrance exams, has spent over $2.5 billion in the past two years to acquire scores of firms including the U.S.-based reading platform Epic, coding suite Tynker, India-based Great Learning, GradeUp, Topper and Austria’s GeoGebra.

It has also made a bid to acquire publicly listed edtech firm 2U, Raveendran confirmed in the earlier interview.

Earlier this month, the Indian startup revealed its financial accounts for the year ending in March 2021, after a prolonged delay. Byju’s said it clocked a revenue of $305.6 million and widened its losses to $577.4 million in the financial year that ended in March 2021. Raveendran said some 40% of FY21 revenue — because of the period of consumption and credit sales duration — were deferred to the subsequent year.

The startup, which counts Blackrock, Tiger Global, Lightspeed Venture Partners and Sequoia India among its backers, said it generated a gross revenue of $1.258 billion (unaudited) in the financial year that ended in March this year. Between April and July, the startup logged revenue of $570 million, it said.

Byju’s is looking to go public next year. Raveendran said in the earlier interview that Byju’s is watching the macro market conditions closely and will file for an IPO in nine to 12 months. “I don’t think the markets will turn this year,” he said.

Byju’s clears $230 million payment to Blackstone for $1 billion Aakash deal by Manish Singh originally published on TechCrunch

SoftBank cuts valuation of $10 billion startup Oyo to $2.7 billion

SoftBank, the largest investor in Oyo, has cut the Indian hotel chain’s valuation to $2.7 billion at a time when the startup is months away from going public, a source familiar with the matter said.

An Oyo spokesperson said the startup has improved its finances in recent months, and it believes the speculation about a valuation cut is inaccurate. The markdown makes “no rational basis,” the spokesperson added. SoftBank declined to comment.

Oyo — whose backers include Sequoia India and Lightspeed Venture Partners India (both of which have taken significant exits from the startup), Airbnb and Microsoft — was valued at about $10 billion in a round in 2019.

SoftBank owns 45% of Oyo, according to the startup. It’s not rare for investors to markup or markdown the valuation of their portfolio startups, though other private investors may not agree with the assessment. Since SoftBank is the largest investor of Oyo and owns nearly half of it, the Japanese firm’s estimation is a strong signal of the startup’s current health.

Oyo held a board meeting earlier this month and did not share any updates on its valuation, nor acknowledged or commented on SoftBank’s estimation, according to a separate source familiar with the matter.

“We are confident that the above speculations about valuation markdown is patently incorrect. Valuation is an outcome of business performance. As per our latest audited results, we have clocked Rs 7 cr maiden adj EBITDA profit in the June quarter, at 41% gross profit margin and a 45% increase in gross booking value per hotel per month vs last financial year,” an Oyo spokesperson said in a statement.

“These are dramatically improved results and the strong performance trajectory is expected to continue. Hence, there is no rational basis for a markdown.”

Bloomberg News first reported about the valuation cut, noting that it had earlier slashed the Indian startup’s valuation to $3.4 billion.

The revelation comes at a time when Oyo is months away from going public. The startup earlier this week updated its initial public offerings application to the local market regulator. Oyo originally planned to raise up to $1.16 billion in the IPO at up to $12 billion valuation.

SoftBank cuts valuation of $10 billion startup Oyo to $2.7 billion by Manish Singh originally published on TechCrunch

India proposes to regulate internet communication services

India has proposed to regulate internet-based communication services, requiring platforms to obtain a license for operating in the world’s second largest wireless market.

The Department of Telecommunications’ new proposal, called Draft Indian Telecommunication Bill, 2022, seeks to consolidate and update three old rules — Indian Telegraph Act, 1885, Indian Wireless Telegraphy Act, 1933, and The Telegraph Wires (Unlawful Protection) Act, 1950.

The 40-page draft proposes to grant the government the ability to intercept messages beaming through internet-powered communication services in the event of “any public emergency or in the interest of the public safety.” It also provides the government immunity against any lawsuit.

“No suit, prosecution or other legal proceeding shall lie against the Central Government, the State Government, the Government of a Union Territory, or any other authority under this Act or any person acting on their behalf as the case may be, for anything which is done in good faith, or intended to be done in pursuance of this Act or any rule, regulation or order made thereunder,” the draft said.

The draft also asks that individuals using these licensed communications apps should not “furnish any false particulars, suppress any material information or impersonate another person”.

Telecom operators in the country have long demanded regulation of apps such as WhatsApp and Telegram “to get a level-playing field” in the South Asian market. But the proliferation of WhatsApp and other chat services in India and beyond that killed the telecom industry’s costly texting tariffs did not hurt consumers.

The Department of Telecommunications said it reviewed similar legislations in Australia, Singapore, Japan, European Union, the U.K. and the U.S. while preparing its draft.

The proposed guidelines, for which the ministry will seek public comments until October 20, additionally attempts to take broader steps to curb spam messages. India is one of the worst impacted nations by spam calls and texts, a fact that has allowed call screening apps such as Truecaller to make deep inroads in the nation.

The draft says that “any message offering, advertising or promoting goods, services, interest in property, business opportunity, employment opportunity or investment opportunity” must only be sent after users’ prior consent. The draft also proposes a mechanism to enable users to report spam messages received and recommends one or more ‘Do Not Disturb’ registers to record users’ consent for receiving specific promotional messages.

The draft notably comes just over a month after India concluded its $19 billion 5G spectrum. The country is expected to get 5G networks later this year.

India proposes to regulate internet communication services by Jagmeet Singh originally published on TechCrunch