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Amazon India’s Largest Seller Cloudtail’s Supplies Hit After GST Registration...
Cloudtail India, the largest seller on Amazon India platform suffered a major supply disruption after its goods and service tax (GST) registration was suspended in Haryana. Cloudtail India is a joint...
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Facebook India FY20 Revenue Up 43% At INR 1,277 Cr, Net Profit Doubles
Social media giant Facebook India’s revenues grew 43% year-on-year to about INR 1,277.3 Cr in 2019-20, while its net profit more than doubled to INR 135.7 Cr, as per regulatory documents. Its total...
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Introducing 2020 In Review — A Look Back At An Unprecedented Year For Indian...
2020 Nothing could have prepared the world for a year like 2020. Almost overnight, trillions of dollars were lost, putting the lives of billions in disarray. Businesses faced an existential crisis,...
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India’s Disney+ Hotstar Accounts For 30% Of Disney’s Global Subscriber Base
Disney+ Hotstar said it would use its India strategy to guide major launches in other countries as it looks to build upon the success of the Indian launch this year. The streaming platform continued...
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Movers And Shakers Of The Week [December 7 – December 12]
We bring to you the latest edition of ‘Movers and Shakers’ of the week in the Indian startup ecosystem. It’s been a watershed year for India’s ecommerce ecosystem, particularly with D2C selling growing...
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WhiteHat Jr CEO Karan Bajaj Opens Up On Controversial Ads, Lawsuits And...
Amid massive controversy in the past few months over its allegedly misleading advertisements as well as claims of a hollow model, BYJU’s-owned edtech startup WhiteHat Jr will add classes for...
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Steadview Invests $25 Mn In Logistics Tech Unicorn Delhivery
Steadview Capital has become the latest investor in logistics tech unicorn Delhivery. The Delhi-based startup raised the funds through the sale of secondary shares, which saw Steadview purchase $25M...
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Will Big Tech’s UPI Domination In India Bite Credit Card Giants Visa,...
With the surge in digital payments brought about by the Covid pandemic, UPI seems to have been the biggest winner as peer-to-merchant (P2M) transaction volumes have risen 12%, 8% and 11% month on month...
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Wakefit Raises Mega Series B Round From Verlinvest, Sequoia At $258 Mn Valuation
Looking to bolster its recent entry into the furniture space as well as the sleep solutions segment, Bengaluru-based D2C startup Wakefit has raised INR 185 Cr (around $26 Mn) in its Series B funding...
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Australia’s Truventor Acquires Pune-Based Chizel To Tap India’s Manufacturing...
Melbourne-headquartered deeptech startup Truventor.ai has acquired Pune-based Chizel, a B2B cloud manufacturing platform in the on-demand manufacturing space in a 100% stock deal last month, Chizel.io...
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Zomato Closes $660 Mn Funding Round With 10 New Investors On Board
Adding to the pile of capital it had already raised this year, Zomato has announced the closing of a $660 Mn round with 10 new investors joining the company’s cap table. Cofounder and CEO Deepinder...
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Announcing The Makers Summit 2021: India’s Largest Virtual Conference For...
Head To The Makers Summit We believe that the future of work, business and the economy is technology. We believe that we need to embrace technology to make a difference. We believe that India needs to...
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BharatPe Looking To Take Over Troubled PMC Bank To Boost Lending Play
In a bid to boost its financial services play, B2B fintech startup BharatPe and financial services company Centrum Group have submitted an expression of interest (EoI) to the Reserve Bank of India...
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Pine Labs Raises Fresh Funding From Lone Pine At Over $2 Bn Valuation
Fintech unicorn Pine Labs has announced raising a fresh round of funding from Lone Pine Capital at a valuation of over $2 Bn. While the company did not disclose the funding amount, CEO B Amrish Rau,...
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PayPal Fined By India’s Financial Regulator For Alleged Money Laundering...
Online payments major PayPal has been hit with a INR 96 Lakh fine by the finance ministry’s Financial Intelligence Unit (FIU) for allegedly violating India’s anti-money laundering law. The US-based...
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CFOs In Tech: Here’s How A Six-Year-Old Enterprise Tech Company Is Taking On...
“The finance community has to network more to bring more value to the company.” – Srinivasan G, CFO, CMS IT Services Over the last decade, banking and financial institutions around the world have...
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Reliance Plans Comeback For JioPhone, But Will It Work The Second Time?
Even as it’s looking to bring affordable 5G phones to the Indian market, Reliance Jio is looking to relaunch its 4G JioPhones in the next quarter. The telecom giant had faced component supply issues...
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RBI Warns Against Unauthorised Lending Apps As Abuse Cases Come To Light
With instances of illegitimate lending apps and harassment for recovery on the rise, as well as with cases of suicide linked to loan collections, the RBI has issued a warning against such lending...
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ToneTag, CityCash Among Fintech Startups Added To RBI’s Retail Payments...
The Reserve Bank of India (RBI) has added four more startups to its regulatory sandbox cohort for digital retail payments, taking the total number to six. Fintech startup ToneTag, Mumbai-based PoS...
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Will Google Eye Bigger Chunk Of The Startup Ecosystem In 2021 With Its India...
From Facebook to Amazon to Google — the world’s biggest tech companies are eyeing the Indian startup ecosystem with major investments backing their local businesses. In recent months though, Google has...
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