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Peak XV Partners’ Anandamoy Roychowdhary Quits
In the second major departure at Peak XV Partners in less than a year, Anandamoy Roychowdhary has left the VC firm. Roychowdhary’s LinkedIn profile shows that he left the company at the end of...
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IndiaMART To Raise Stake In Mobisy With INR 14.3 Cr Investment
B2B marketplace IndiaMART has said it will acquire an additional stake in Bengaluru-based Mobisy Technologies, which operates SaaS startup Bizom, for INR 14.3 Cr in an all-cash deal. In a filing with...
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RBI Looks To Spur Adoption Of Its AI Fraud Detection Platform Among Banks
The Reserve Bank of India’s (RBI) innovation arm is reportedly in discussions with 10 public and private sector banks to accelerate the adoption of its artificial intelligence (AI)-powered platform to...
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Announcing The 80/20 Podcast – Ep 1 With Ritesh Malik, Founder of Innov8
Why do 20% of leaders drive 80% of a company’s success? What’s the crucial 20% that separates high-growth leaders from the rest? How do top startup leaders identify the vital few factors that truly...
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Chingari Parent Enters Spiritual Tech Market With Launch Of AstroLive
Short-video sharing platform Chingari’s parent Tech4Billion Media has forayed into the spiritual tech market with the official launch of its new app, AstroLive. In a statement, the startup said that...
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17 Crypto Platforms Under Scanner For Alleged GST Evasion Of INR 824 Cr
The goods and services tax (GST) authorities have so far booked as many as 17 crypto exchanges for allegedly evading GST to the tune of INR 824.14 Cr. In a written reply to the Lok Sabha, minister of...
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PhonePe To Discontinue Partnership With Juspay, Cites Conflict Of Interest
Digital payments giant PhonePe will reportedly discontinue all third-party partnerships and integrations with payment aggregators, including SoftBank-backed payment orchestration platform Juspay....
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IndiaAI Mission: Jio Platforms, Tata Submit Bids To Offer AI Compute
The electronics and IT ministry (MeitY) said that 19 service providers have submitted bids to provide artificial intelligence (AI) compute and cloud services under the INR 10,738 Cr IndiaAI Mission....
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PB Fintech Gets Board Nod To Incorporate Healthcare Subsidiary
Insurtech major PB Fintech has received the approval of its board to incorporate a new subsidiary to offer healthcare services. “… The board of directors of PB Fintech Limited through a circular...
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FSSAI Issues Food Safety Norms For Ecommerce & Foodtech Platforms
Amid a surge in complaints related to food products sold online, the Food Safety and Standards Authority of India (FSSAI) has issued a detailed advisory outlining new safety mandates for foodtech...
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Indian, Israeli Startups Should Collaborate On Quantum Computing: MoS...
Union minister of state (independent charge) for science and technology Jitendra Singh has urged Israeli startups to partner with Indian new-age tech ventures in quantum computing, spacetech and...
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Police To Question Starlink After Device Allegedly Used In Drugs Smuggling
Elon Musk-owned satcom service provider Starlink has reportedly landed in hot waters after one of its devices was allegedly used by peddlers to smuggle drugs into Indian waters. As per Reuters, police...
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RBI Increases Wallet Limit For UPI Lite To INR 5,000
With an eye on further increasing the adoption of digital payments in the country, the Reserve Bank of India (RBI) has increased the wallet limit for UPI Lite to INR 5,000 from INR 2,000 previously....
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Moody’s Upgrades OYO’s Rating To B2, Maintains Stable Outlook
Global rating agency Moody’s has upgraded the corporate family rating of hospitality giant OYO’s parent, Oravel Stays Limited, to “B2” from “B3” previously. The rating agency has maintained a stable...
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Abyro Capital Floats $25 Mn Fund To Back India, US Startups
India and US-focussed venture capital (VC) firm Abyro Capital has launched its maiden $25 Mn (about INR 210 Cr) fund to back early stage technology startups in the two countries. In a statement, the...
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NXP To Invest Over INR 8K Cr For R&D In Karnataka
Karnataka Industries Minister MB Patil has said that semiconductor design major NXP will invest a significant portion of its INR 8,400 Cr (around $1 Bn) research and development (R&D) fund in the...
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Indian GenAI Startup Tracker: 60+ Startups Putting India On The Global AI Map
Before November 2022, OpenAI was a little-known startup in the US. However, that very month, the company unveiled a chatbot, ChatGPT, which in just two months crossed 100 Mn monthly active users,...
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Nykaa Fashion CEO Nihir Parikh Resigns
In a major top-level reshuffle, Nykaa Fashion’s chief executive officer (CEO) Nihir Parikh has quit the company. In a filing with the BSE, Nykaa said that Parikh tendered his resignation on account of...
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Maharashtra GST Authorities Conduct Searches At Justdial Office
Maharashtra goods and services tax (GST) department has conducted “searches” at the Mumbai corporate office of Reliance Retail-owned hyperlocal search engine Justdial. In a filing, Justdial said that...
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Discourage States From Issuing Internet Shutdown Orders: COAI To Centre
Telecom industry body Cellular Operators Association of India (COAI) has reportedly written to the Centre to dissuade state governments from issuing orders barring internet services. In a letter to...
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