Chinese OEMs Under India's🔎, Downround At CRED & More

Chinese OEMs On India’s Radar

In what appears to be a redux of 2020, when the , the Centre is tightening scrutiny over the use of Chinese telecom equipment in domestic telecom networks.

DoT has asked major telcos — Reliance Jio, Airtel, Vodafone Idea, and BSNL — to report all Chinese gear currently deployed in their networks.

Broader Strategy At Play: Amid the ongoing US-China trade war, India’s push to secure India’s telecom and digital ecosystem by reducing reliance on Chinese technology may have come from the ensuing pressure from Washington DC to corner Beijing.

Area Of Concern: While India has excluded Chinese firms like Huawei and ZTE from participating in its 5G rollout, their equipment is still widely used in 2G, 3G and 4G infrastructure.

A More Secure Wireless Network: India aims to reduce reliance on Chinese telecom gear over national security concerns. Under current rules, Chinese firms like and can only maintain existing equipment.

In 2021, the DoT amended licensing norms to allow only ‘trusted source’ vendors, excluding Chinese companies, to supply network gear. Notably, the “trusted source” tag is only awarded after due diligence by more than 10 ministries, including home, external and communications.

Building A Reliable Supply Chain: To realise this, the Centre launched a PLI scheme for Telecom and Networking Products and Large Scale Electronic Manufacturing of Electronics in 2021.

Now, as India is determined to cut the cord on telecom equipment falling under untrusted sources,

From The Editor’s Desk

: Days after commerce minister Piyush Goyal’s comments triggered a debate over deeptech innovations in India, Info Edge founder attributed low VC interest and lack of motivation among founders for the current state of affairs of the sector.

: The fintech unicorn is looking to raise $100-200 Mn in a new round that will value the Kunal Shah-led startup at $4 Bn post-money, a sharp decline of 37% from $6.4 Bn at which it was last pegged in 2022.

: The deeptech startup raised the capital in its Series A round co-led by Blume Ventures and Mela Ventures. The startup, which builds electro-optic imaging systems, plans to use the capital to build high-speed space surveillance systems.

: The sportswear startup has roped in cricketer Virat Kohli as an investor and co-creator of the company. Founded by former Puma executive Abhishek Ganguly, Agilitas aims to build an end-to-end value chain, from manufacturing to retail, for footwear.

: The edtech startup’s founder Sahil Sheth is building an AI-driven platform to automate healthcare operations. The unnamed startup, which is in stealth mode, aims to make it easy for healthcare professionals to “navigate systems”.

: The foodtech major has launched its quick food delivery app SNACC in Noida and Gurugram. Earlier this year, the offering was rolled out in select pin codes in Bengaluru, delivering quick bites, beverages and meals in 15 minutes.

? The electronics manufacturer is in discussions with the Uttar Pradeesh government to set up a new facility in the state. The company is eyeing 300 acres of land along the Yamuna Express Way in Greater Noida for its first unit in North India.

: The enterprise tech startup is in advanced discussions with a clutch of new and existing investors to secure the capital as part of its Series C round at a valuation of $200-250 Mn. Uniqus specialises in ESG accounting, reporting and consulting.

Inc42 Startup Spotlight Can Anmasa Disrupt India’s Daily Essentials Markets?

The Covid-19 pandemic significantly altered the food habits of Indian customers, with many becoming more conscious of what they put inside their bodies. This trend has spread like wildfire and many of us today are part of a healthy lifestyle.

Seizing this opportunity, former Milkbasket founder Yatish Talvadia and Veggie India founder Shailendra Upadhyay founded Anmasa to sell freshly produced and made-to-order daily essentials to customers.

Back To Basics: Unlike established packaged Atta manufacturers, Anmasa banks on traditional stone mills to make its flour and utilises the wood-pressed methodology to make edible oils.

Cashing In On Health Conscious India: Having become fully operational only at the end of 2024, the omnichannel brand offers 80+ SKUs. At its current capacity, Talvadia claims to serve more than 2,000 customers through both online and offline channels in Gurugram.

Eye On The Prize: Going forward, Anmasa is also looking to open at least 10 to 12 physical retail outlets, or “experiential centres,” in the national capital region in 2025.

With giants on its tail,

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