Sethu Pradeep

Inc42 Staff

Sethu Pradeep is a journalist interested in what makes the startup ecosystem tick. He spends his free time reading books everyone has read and watching cinema no one has.

News

Google & Meta Collects Most Data From Indian Websites: Report

4th February, 2022
Indians Rally Against 30% Crypto Tax, Petition Gain Steam With 35K Signatories Summary The petition makes many demands including a lower tax band for crypto assets, in line with sections 111A and 112A of the Income Tax Act, 1961 Many Indian startup founders have welcomed the tax, heralding it as a step towards a legal framework for the crypto industry But the Madras High Court has already set a precedent for the collection of tax from illegal sources A petition to reduce the 30% crypto tax being proposed in the Budget and introduce ‘more reasonable crypto policies’ in the country has gained a lot of steam, with more than 30k signatures at the time of reporting.
News

Indians Rally Against 30% Crypto Tax, Petition Gains Steam With 35K+ Signatories...

3rd February, 2022
Infosec Startup Scrut Auto Raises $3 Mn To Expand In US, EU And Asia Markets Summary Scrut Automation offers a full-stack information security compliance platform that acts as a “virtual chief information security officer” Scrut automates labour-intensive compliance tasks using integrations with Cloud and SaaS tools and automatically collects hundreds of evidence artifacts 18% of the 500 CEOs interviewed in a KPMG survey said that cybersecurity risks would be the greatest threat to their organisation’s growth in the coming three years Information security (infosec) startup Scrut Automation has raised $3 Mn in seed funding from Lightspeed and Endiya Partners.
News

Infosec Startup Scrut Automation Raises $3 Mn To Expand In US, EU And Asia Marke...

3rd February, 2022
PUBG Maker Krafton Invests $5.4 Mn In JetSynthesys-Owned Gaming Studio Nautilius Summary Nautilus Mobile is a gaming studio that is known for cricket-based mobile game series Real Cricket It claims to have a community of close to 1 Cr monthly active users India’s mobile gaming market opportunity is expected to almost triple from $1.8 Bn to $5 Bn opportunity by 2025, growing at a CAGR of 38% PUBG Maker Krafton has invested $5.4 Mn in Nautilus mobile, a game development studio wholly-owned by digital entertainment company JetSynthesys, for a minority stake.
News

PUBG Maker Krafton Invests $5.4 Mn In JetSynthesys-Owned Gaming Studio Nautilus

2nd February, 2022
Twitter Compliance Report: Fourfold Increase In Fresh Complaints Compared To Previous Report Summary Based on 307 complaints, Twitter took action against a total of 549 URLs, including 404 URLs for illegal activities It also processed 81 grievances concerning account suspensions. It overturned eight account suspensions based on the complaints but other accounts remain suspended It suspended more than 37,310 accounts for child sexual exploitation and non-consensual nudity, as well as 2,880 accounts for the promotion of terrorism Between November 26, 2021 to December 25, 2021, Twitter reported a total of 307 complaints, which is more than four times the number during the previous period when it received 76 complaints.
News

Twitter Compliance Report: Fourfold Increase In Fresh Complaints Compared To Pre...

2nd February, 2022
Koo Compliance Report: Indian Twitter Alternative Received 4,509 Complaints In January Summary It received reports against more than 4,509 ‘Koos’ which is what the platform calls its version of tweets It removed 432 of those ‘Koos’ and took further action against 4,077 posts The microblogging platform also received spam reports against 246 posts, of which it blocked 41 posts and took other actions against 205 posts India’s alternative to Twitter, Koo has published its seventh compliance report since the government’s new IT Rules came into effect in May last year. The microblogging platform received complaints against 4,509 posts on the platform.
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Koo Compliance Report: Indian Twitter Alternative Received 4,509 Complaints In J...

2nd February, 2022
LoadShare Networks Raises INR 300 Cr To Intensify Warehousing Network Summary LoadShare offers a tech platform to logistic companies, aiming to provide an uninterrupted delivery solution to its clients It claims to offer a variety of services including last/first mile solutions, quick commerce, food delivery, regional trucking, warehousing and regional end-to-end logistics. The Indian road logistics market is projected to reach $330 Bn by 2025, growing at a CAGR of at least 7% Logistics startup LoadShare Networks has raised INR 300 Cr (~$40 Mn) in a Series C funding round led by Tiger Global.
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LoadShare Networks Raises INR 300 Cr To Intensify Warehousing Network

1st February, 2022
Meta Transparency Report: Over 99% Of Content Actions Taken Proactively On Facebook Summary A majority of the content that was found violating standards were flagged by the platform itself Between 1 and 31 Jan 2022, Meta received over 534 reports through the Indian grievance mechanism Among these grievances, a majority were concerning hacked accounts (141), fake profiles pretending to be someone (63) and losing page or group access (60) In accordance with the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021, Meta (formerly facebook) has released its India monthly report for Instagram and Facebook for the time period between January 1 and Jan 31, 2022.
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Meta Transparency Report: 21.7 Mn Content Pieces Actioned By Facebook, Instagram...

1st February, 2022
Anicut Capital Raises INR 140 Cr From Small Industries Development Bank Summary SIDBI will disburse the funds through the Fund of Funds for Startups (FFS) launched as part of the Indian government’s Startup India initiative Anicut Capital currently manages two debt funds and an equity-based angel fund The Chennai-based alternative financing firm had announced the final close of its AIF Grand Anicut Fund II (GAF-II) at INR 875 Cr last month Anicut Capital has raised INR 140 Cr ($19 Mn) from the Small Industries Development Bank of India (SIDBI) for their second debt fund.
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Anicut Capital Raises INR 140 Cr From Small Industries Development Bank

1st February, 2022
Upskilling Startup Scaler Academy Raises $55 Mn, Valuation Touches $710 Mn
News

Upskilling Startup Scaler Academy Raises $55 Mn, Valuation Touches $710 Mn

1st February, 2022
Edtech Startups Should Not Offer Diploma And Degree Courses: AICTE Summary “We have given approvals to universities and colleges to offer degree and diploma programmes but they are supposed to offer it on their own and not piggyback on private companies or outsource their job to any third party,” said AICTE chairman Anil Sahasrabudhe Last month, the Ministry of Education had issued an advisory notice with a set of warnings for parents who might be considering such edtech services for their children Earlier this month, IAMAI had formed the India EdTech Consortium (IEC), a self-regulatory body to ensure that all member bodies stick by a code of conduct
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Edtech Startups Should Not Offer Diploma And Degree Courses: AICTE

31st January, 2022
Teleshopping And Ecommerce Startup Naaptol Aims For INR 1000 Cr IPO Summary The ecommerce startup is reportedly working on its draft red herring prospectus (DRHP) already The proposed IPO could offer a mix of primary and secondary shares, with some existing investors exiting the company Investors in Naaptol include Mitsui & Co, JP Morgan and venture capital investor New Enterprise Associates Naaptol Online Shopping, which operates the teleshopping and ecommerce platform Naaptol, is planning for INR 1000 Cr initial public offering (IPO), according to media reports.
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Teleshopping And Ecommerce Startup Naaptol Aims For INR 1000 Cr IPO

31st January, 2022

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