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13/05/2021

While the government’s reluctance towards regulating cryptocurrency continues, Indian crypto startups are going from strength to strength — if CoinSwitch Kuber raised $25 Mn at a $500 Mn valuation a couple of weeks back, WazirX claims to have hit $5.4 Bn in transaction volumes in April.

13/05/2021

Digital payments giant Google Pay has rolled out a new feature that will allow users from the US to transfer money to users in India and Singapore. The company will expand the feature further to allow US-based users to send money to people in over 200 countries.

13/05/2021

Indian 3D data-adaptive edge-processing platform Cron AI has raised $4 Mn in its Series A funding round led by VenturEast and Kitaki Ventures. Existing investor YourNest Venture Capital also participated in the round.

13/05/2021

India’s latest wealth management unicorn Groww, managed by Nextbillion Technology Pvt Ltd, has announced the acquisition of Indiabulls Asset Management Company Limited (IAMCL) and its trustee Indiabulls Trustee Company Limited for INR 175 Cr. The acquisition is subject to the approval of market regulator Securities and Exchange Board of India (SEBI).

13/05/2021

Mumbai based online auto classifieds startup CarTrade.com has converted itself from a private limited company to a public company, ahead of its planned initial public offering (IPO) scheduled for this year. The company’s registered name is now CarTrade Tech Limited.

13/05/2021

As the Covid-19 cases across India are increasing exponentially on a daily basis, the government of Karnataka has decided to make its statewide lockdown a little stricter by prohibiting ecommerce companies from delivering non-essential goods.

13/05/2021

Mumbai-headquartered Indian banking and financial services company HDFC Bank has bought 1.5% stake in State-run CSC Grameen e-Store for an undisclosed amount.

13/05/2021

Walmart-owned ecommerce giant Flipkart is reported to be in talks with sovereign funds, private equity majors and other investors for a $1 Bn – $2 Bn funding round. The fundraise is expected to fuel Flipkart’s expansion plans and get an adjusted valuation based on the performance of its various verticals.

13/05/2021

As another set of Covid-induced lockdowns have eaten into the states’ treasury, several state governments in India have decided to open up alcohol delivery once again to keep the revenue flow running. Indian states together earned about INR 2.25 Lakh Cr from taxes on alcohol in the financial year 2020. Whereas, tax from spirits in the form of excise duties accounted for more than 15% of states’ tax revenues in FY19.

13/05/2021

The Securities and Exchange Board of India’s new regulations, which put a threshold on the amount that private equity (PE) and venture capital (VC) funds can invest in a company or another investment vehicle, are likely to force these funds to realign some of their investments.

13/05/2021

Cryptocurrency is clearly the flavour of the season with the rise of Dogecoin epitomising just how quickly it has entered the mainstream even in India. Despite no clear cryptocurrency regulations, interest around cryptocurrency such as Ethereum, Dogecoin (which is considered a meme crypto by most), Cardano (ADA) and others has definitely piqued the interests of India’s fintech startups. The latest to join the bandwagon is INDMoney, which has added fractional crypto investments with its TechStars partnership.

13/05/2021

Noida-based travel and hospitality software-as-a-service (SaaS) startup RateGain has reported another profitable year on a standalone basis, but with 92% reduction in margins. Its profit dropped down to INR 76 Lakh in FY20 from INR 10.3 Cr in FY19.

13/05/2021

Bengaluru-based investment tech platform Groww posted revenue of INR 76.16 lakh (0.76 Cr) in the fiscal year ended March 2020 (FY20), an 823% year-on-year (YoY) growth from revenue of INR 8.25 lakh (0.08 Cr) in FY19 according to the company’s filing with the Ministry of Corporate Affairs.

13/05/2021

Amazon Seller Services, the marketplace unit of the US-based ecommerce giant Amazon, has received a capital infusion of INR 915 Cr, documents with the Registrar of Companies showed.

09/05/2021

Archana Kumari Singh, who belongs to an erstwhile royal family, talks about her journey to entrepreneurship and reveals why she decided to go ‘past forward’ with the House of Badnore.
When Archana Kumari Singh moved from her home town in Rajasthan to Delhi, she felt a sense of freedom and anonymity that was liberating. The daughter of late Raja Abhay Pratap Singh and late Rani Asha Devi, her home was always a fort in Pratapgarh.

09/05/2021

Information, content, course material - there's plenty of all of this out there, but what students really need is knowledge on how to prepare,” says 26-year-old Nishant Shukla, co-founder of Allahabad-based Geartron Technologies, that runs and owns test prep platform, Examarly.
Examarly is a self-study platform which focuses on outcome-based learning for higher education and test preparation.

09/05/2021

GiveIndia Founder 2.0 Atul Satija spoke to YourStory about COVID-19 relief work and how more Indians are giving to philanthropic initiatives.

09/05/2021

Delhi-based Zyngo Mobility is a third-party EV logistics provider for hyperlocal ecommerce, e-grocery, retail, and pharma companies.

09/05/2021

Okhai Centre for Empowerment was launched by Tata Chemicals Society for Rural Development in 2008. Kirti Poonia, a participant of TAS, realised that the products made by Okhai deserved the attention of the world. She converted the NGO into a full blown ecommerce business in 2015.

07/05/2021

n an unscheduled announcement today, the Reserve Bank Of India (RBI) relaxed rules for Know Your Customer (KYC) mandates, in light of the disruption unleashed by the second Covid-19 wave.

07/05/2021

Ride-hailing giants Ola and Uber have lost around 30,000-35,000 vehicles from their fleets since September last year, according to multiple people close to both companies as well as sources working in the automobile industry.

07/05/2021

Mumbai-based Indian crypto exchange WazirX faced a severe lag on its mobile application and website, which led to several users complaining about losses worth thousands of rupees.

07/05/2021

Indian cryptocurrency exchanges have alleged that payment gateways are blocking their transactions on instructions from some of the country’s leading banks.

07/05/2021

Edtech startup Teachmint has raised $16.5 Mn in a Series A funding round led by Learn Capital. The funding round also saw participation from CM Ventures and existing investors Lightspeed and Better Capital.

07/05/2021

The government of India, announced that non-resident technology companies like Google, Facebook, Netflix and other big tech companies that have more than INR 2 Cr of revenue and 300K users in India will have to pay digital tax under new or revised bilateral tax pacts. The rules will come into effect from April 1, 2022.

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