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Yes Bank To Invest In So Hum Bharat Digital Payments For NUE
Yes Bank is set to partner with So Hum Bharat Digital Payments, which will apply for a license to become a new umbrella entity (NUE) for retail payments. The newly-formed company said that it is in...
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Flipkart India’s Revenue Grows 12% To INR 34K Cr In FY20; Losses Drop 18%
Walmart-owned ecommerce company Flipkart India Pvt Ltd reported a 12% growth in its revenues for the year ended March at INR 34,610 Cr, and at the same time cut its losses by 18% to INR 3,150 Cr. The...
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SC Stays NCLAT Order For CCI Probe Against Flipkart Over Misuse Of Dominant...
In a breather for Walmart-owned Flipkart, the Supreme Court on Wednesday stayed the March 4 order of the National Company Law Appellate Tribunal (NCLAT) which asked the Competition Commission of India...
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Paytm Rubbishes Reports Of Ant Group Offloading 30% Stake
Chinese fintech giant Ant Group is considering selling its 30% stake in Indian digital payment giant Paytm amid border tensions and a toughening policy check in place. The Ant Group’s possible exit...
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Healthtech Startup Loop Health Bags $2.3 Mn Seed Funding From Sierra...
Pune-based technology-driven health insurance startup Loop Health has raised $2.3 Mn in seed funding led by US-based early-stage venture capital firm Sierra Ventures along with participation from Y...
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Reliance Jio Leads Series A Funding Of Mobile Gaming Startup Krikey
Mukesh Ambani’s Reliance Jio made a foray into AI and gaming on Wednesday leading the Series A funding of mobile gaming company Krikey. The total funding raised by the San Francisco-based startup now...
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CCI Gives Nod For Acquisition Of Additional Shareholding In Logistics Startup...
The Competition Commission of India (CCI) has approved the acquisition of Gurugram-based logistics startup Rivigo by Spring Canter Investment Ltd (SCIL) through the subscription of compulsorily...
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Binny Bansal Makes A Comeback, To Join PhonePe’s Board Of Directors
Flipkart cofounder Binny Bansal is set to join PhonePe’s board of directors, as the digital payments partially sold its stake to its parent company Walmart. Bansal will be joining PhonePe co-founders...
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RBI To Soon Release Norms For Digital Payment Security
RBI Governor Shaktikanta Das on Friday said the central bank will be introducing digital payment security control directions for regulated entities. The announcement comes a day after the RBI...
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10 Days Before Deadline, Govt Tells Broadcasters To Fall In Line On New...
Ten days before guidelines issued by the Advertising Standards Council of India (ASCI) related to online gaming and fantasy sports comes into force, the information and broadcasting ministry has...
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Niti Aayog Suggests Operating Standards For Online Fantasy Sports Platforms
In a move to shore up the confidence of investors and gaming startups, the Indian government’s thinktank Niti Aayog has released a draft paper to discuss a uniform national-level regulation of online...
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How Virtual CFOs Are Driving New-Age Startup Finance Operations
No matter how young or old a business is, and whether it is a startup or an enterprise, financial planning is proving the key to long-term business stability. If anything, 2020 has proven that...
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Alteria Capital Targets INR 1K Cr Corpus In Second Fund
Alteria Capital has announced its plans to raise its second venture debt fund targeting an INR 1K Cr corpus with an additional green-shoe of INR 750 Cr. Alteria Capital is currently investing from its...
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Short Video Platform Bolo Indya Raises $400K From Inflection Point Ventures
Gurugram-based regional language short-video platform Bolo Indya has raised $400K from Inflection Point Ventures. Existing investors from Eagle10 Ventures also participated in the round. The latest...
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CAIT Asks ED To Take Action Against Amazon India For Predatory Pricing
Traders’ body CAIT has written to the Enforcement Directorate seeking strict action against Amazon, claiming that the ecommerce major has caused misery to small traders by resorting to predatory...
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Delhi Govt’s Common Forum To Discuss EV Policy To Meet on December 18
In a bid to bring stakeholders on the same page over its electric vehicle (EV) policy, the Delhi government has formed an EV forum and its first meeting will be held on December 18. The Delhi...
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CFOs In Tech: How Software Giant Newgen’s CFO-Led Financial Vision Helped...
A CFO needs to be instrumental in finding the right resources for the founder’s vision – Arun Kumar Gupta, CFO, Newgen In the last decade, Indian tech startups have evolved and matured, managing to...
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FreshToHome To Receive Investments From ADIO For Desert Aquaculture Project
Bengaluru-based online marketplace for perishable goods FreshToHome, said on Monday it would receive financial and non-financial incentives from the Abu Dhabi Investment Office (ADIO) to develop...
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Edtech Startup Lead School Acquires QuizNext For Undisclosed Amount
Mumbai-based edtech startup Lead School has acquired student assessment startup QuizNext for an undisclosed amount. “Lead School is committed to providing complete, seamless schooling irrespective of...
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Edtech Startup Cuemath Raises $40 Mn From LGT Lightstone Aspada, Alpha Wave...
Google-backed edtech startup Cuemath has raised $40 Mn in Series C funding led by LGT Lightstone Aspada and Falcon Edge-managed Alpha Wave Incubation. Existing investors Sequoia Capital, Google’s...
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