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Cybersecurity firm Kaspersky bets big on India as key growth market

Economic Times

Economic Times · 4m ago

Cybersecurity firm Kaspersky bets big on India as key growth market

Cybersecurity firm Kaspersky is targeting India as a key growth market, driven by the country's digitalisation and rising cybersecurity needs. They plan to expand local teams and enhance collaborations with various sectors. Kaspersky has tripled its workforce in India, adding roles in sales, pre-sales, and support. The firm focuses on digital footprint intelligence and collaborates with government agencies to boost cybersecurity awareness. India is seen as a crucial innovation hub for Kaspersky's future growth.

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Over 84,000 indian gaming accounts leaked in 2024: Kaspersky - The Economic Times

Economic Times

Economic Times · 23d ago

Over 84,000 indian gaming accounts leaked in 2024: Kaspersky - The Economic Times

Over 84,000 Indian online gaming account details were leaked in 2024, according to cybersecurity firm Kaspersky. The Asia-Pacific (APAC) region, containing more than half of the world’s gamers, has rapidly emerged as a global gaming hub. Key markets include China, India, Japan, and South Korea. With 11 million gaming credentials leaked in the past year, the region faces increasing data-stealing cyber threats, fueled by widespread digital adoption and mobile penetration.

IFC teams up with PE firm Solcon Capital for deeptech bets in India, South Africa

VCCircle

VCCircle · 1y ago

IFC teams up with PE firm Solcon Capital for deeptech bets in India, South Africa

The International Finance Corporation (IFC) and private equity firm Solcon Capital are partnering to create a co-investment platform that will focus on investing in deep-tech companies in India and South Africa. The two investors plan to invest in areas such as 5G, artificial intelligence, IoT, big data, and cybersecurity. The financial details of the partnership were not disclosed, but the value of funding will depend on each company and their investment requirements. The collaboration aims to propel the digital economy in these emerging markets by supporting growth in the deep-tech sector.

IFC teams up with PE firm Solcon Capital for deeptech bets in India, South Africa

VCCircle

VCCircle · 1y ago

IFC teams up with PE firm Solcon Capital for deeptech bets in India, South Africa

The International Finance Corporation (IFC) has partnered with Solcon Capital, a private equity firm, to establish a co-investment platform targeting deep-tech companies in India and South Africa. The platform will focus on sectors such as 5G, artificial intelligence, internet of things, big data, and cybersecurity. The financial details of the partnership were not disclosed. The strategic partnership aims to identify and nurture investment opportunities in the deep-tech sector in these emerging markets, supporting the growth of the digital economy. The collaboration will also explore co-investment opportunities globally, with a specific focus on India and South Africa.

Kremlin slams US ban on cybersecurity firm Kaspersky

Economic Times

Economic Times · 1y ago

Kremlin slams US ban on cybersecurity firm Kaspersky

The Kremlin criticized the US decision to ban Kaspersky Lab, a Russian cybersecurity firm, due to security concerns, calling it an unfair competition tactic from the US. The US Commerce Department banned Kaspersky Lab and added three linked entities to a national security concerns list. Kaspersky Lab, headquartered in Moscow, operates in 31 countries and serves millions of users. The US alleges that Russia has used the company to collect sensitive US information.

Skoda bets on affordable compact SUVs to double India sales by 2026

Livemint

Livemint · 1y ago

Skoda bets on affordable compact SUVs to double India sales by 2026

Skoda Auto has set a target of doubling its sales in India by 2026, with plans to launch an affordable compact SUV next year. The Czech carmaker aims to ship 100,000 cars in India in 2026, twice as many as it sold in 2023. Despite a highly concentrated compact SUV market in India, Skoda sees the country as a key contributor to its global growth. The company aims to achieve a market share of around 5% by 2030. Skoda is also focusing on expanding its electric vehicle offerings in India.

GIC bets over $100 mn on Indian healthcare company

VCCircle

VCCircle · 3m ago

GIC bets over $100 mn on Indian healthcare company

GIC, Singapore's sovereign wealth fund, has significantly invested over $100 million in an Indian healthcare company, which also counts Temasek, another major Singaporean state investment firm, as a key shareholder. GIC's move underscores its active investment strategy in India, especially in the healthcare sector. This collaboration highlights the increasing interest and confidence of global investors in India's burgeoning healthcare industry, aiming to capitalize on its growth potential and innovation.

Bessemer hires Cisco’s Pankaj Mitra to lead AI, Cybersecurity bets

YourStory

YourStory · 2m ago

Bessemer hires Cisco’s Pankaj Mitra to lead AI, Cybersecurity bets

Global venture capital firm Bessemer Venture Partners has appointed Pankaj Mitra as a partner in its India investment team, focusing on opportunities in AI, enterprise technology, and cybersecurity. Mitra, formerly with Cisco and Infosys, brings over 25 years of experience in corporate investing and product strategy. His appointment aligns with Bessemer's India-focused $350 million fund targeting AI, fintech, digital health, and enterprise-tech. Bessemer aims to leverage the AI platform shift to support transformative founders in India.

Cybersecurity investments ripe for take off in India: Bessemer’s Vishal Gupta

Livemint

Livemint · 11m ago

Cybersecurity investments ripe for take off in India: Bessemer’s Vishal Gupta

Bessemer Venture Partners, an investment firm known for backing startups like Swiggy and BigBasket, believes that the cybersecurity sector in India is poised for significant investment growth due to the increase in data fraud incidents. Bessemer has a successful track record in this segment globally, having invested in over 30 cybersecurity companies. The firm sees the Indian cybersecurity market maturing and launching a roadmap for investments, thanks to factors such as the passing of the data protection bill and the emergence of different ecosystems vulnerable to fraud.

Siemens bets on India's growth, move towards sustainability

Livemint

Livemint · 1y ago

Siemens bets on India's growth, move towards sustainability

Siemens is confident in India's economic growth and digitalization efforts as key drivers for its future expansion. The German engineering company plans to invest in new sectors through organic or inorganic means, and has already made acquisitions in the electric vehicle and rolling stock industries. Siemens has also recognized the increasing focus on sustainability in India and has invested around $1 billion in the country over the past few years. The company believes in continuously reinventing itself to stay ahead of the market, and its stock has reflected this success, outperforming benchmarks in both India and globally.

Riding the Rally: As Markets Soar on Optimism, Analysts Suggest Eyeing for ‘Buy-On-Dips’ Bets

OutlookIndia

OutlookIndia · 3m ago

Riding the Rally: As Markets Soar on Optimism, Analysts Suggest Eyeing for ‘Buy-On-Dips’ Bets

Indian benchmark indices are nearing record highs, bolstered by foreign inflows, optimistic GDP growth, easing inflation, and potential interest rate cuts. Despite soaring market sentiment, concerns over stretched valuations and flat profit growth persist. Analysts suggest a 'buy-on-dips' approach, focusing on stocks with positive technical structures, as the market trend appears resilient. Nifty has surpassed key resistance levels, with analysts predicting further gains, highlighting favorable conditions for strategic market participation despite underlying caution.

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