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Thrasio Enters India Market With INR 3,750 Cr Plan And Lifelong Acquis...

US-based rollup ecommerce pioneer Thrasio has entered India with INR 3,750 Cr…

Sethu P. 14th January, 2022

I&B Ministry Twitter Handle Hacked, Renamed To ‘Elon Musk’

The Ministry of Information and Broadcasting’s Twitter account was briefly compromised on…

Sethu P. 14th January, 2022

Paytm Shares Drop 13% As Lock In Period For Anchor Investors Ends

After Record-Low Share Prices, Paytm Shuts Down Its B2C App In Canada

Paytm will be closing down its B2C app in Canada on 14…

Sethu P. 14th January, 2022

NBFC Kudos Finance’s Assets Attached In INR 568 Cr Predatory Loan Apps...

ED said despite having net owned funds (NOF) of only INR 10 Cr, from...

Nikhil S. 14th January, 2022

Enforcement Directorate Seizes Assets Worth INR 36.6 Cr In Crypto Scam Summary The seized assets include cryptocurrencies worth ether, BTC, BNB, YFI, VET, ADA, and USDT, worth INR 25,82,794 ($33.7k) Nishad and his associates defrauded investors by pretending to offer an opportunity to invest in a fake cryptocurrency called ‘Morris Coin’ This money was then siphoned off to buy property, luxury hotels, resorts and cars, and cryptocurrencies The Enforcement Directorate (ED) has seized assets worth INR 36.7 Cr ($5 Mn) in the approximately INR 1200 Cr (162 Mn) from Nishad K, MD and his associates under the Prevention of Money Laundering Act (PMLA), 2002 in connection with the Morris Coin Crypto Currency cheating case.

Enforcement Directorate Seizes Assets Worth INR 36.6 Cr In Crypto Scam...

The Enforcement Directorate (ED) has seized assets worth…

Sethu P. 14th January, 2022

waycool funding

WayCool Bags India’s Biggest Agritech Funding Round At $117 Mn

Fresh produce distribution startup WayCool has raised $117…

Sethu P. 14th January, 2022

Electric commercial vehicle startup EVage has raised $28 Mn in seed funding from RedBlue Capital. Founded in 2019 by Inderveer Singh and Pulkit Srivastava, EVage aims to supply all-electric commercial vehicles to the delivery fleets of Indian logistics companies. It will use the freshly-infused capital to complete its ‘production-ready’ factory outside Delhi in FY2022-23 and scale up production.

EV Startup EVage Raises $28 Mn To Make Commercial Vehicles

Electric commercial vehicle startup EVage has raised $28…

Sethu P. 14th January, 2022

China dominated over both India and the US with 98.4 Bn app downloads happening last year in the country Indian users spending a combined 700 Bn hours on smartphone applications right behind Chinese users (1.1 Tn) and ahead of the United States (200 Bn) WhatsApp was the most popular social media application in India followed by Instagram, Snapchat and Facebook.

India Stood Second Highest In App Downloads In 2021

India had the second-highest number of mobile app…

Sethu P. 14th January, 2022

rbi fintech department

Here’s How RBI’s Fintech Department Will Focus On Cross Border Payment...

September 9, 2019. It was one of the…

Suprita A. 13th January, 2022

Snapdeal To Launch Co-Branded Credit Cards With Bank of Baroda On The RuPay Platform

Snapdeal To Launch Co-Branded Credit Cards With Bank Of Baroda

Walmart-backed Indian ecommerce giant Snapdeal, in partnership with…

Team Inc42 13th January, 2022

Flipkart Acquires Smartphone Repair And Refurbishing Startup Yaantra

Flipkart Acquires Smartphone Repair And Refurbishing Startup Yaantra

Walmart-backed Flipkart Group has acquired electronics recommerce startup…

Team Inc42 13th January, 2022

Analytics and data engineering startup TheMathCompany has raised $50 Mn funding from a round led by Brighton Park Capital. Existing investor Arihant Patni also participated in the round. Founded in 2016 by Sayandeb Banerjee, Aditya Kumbakonam, and Anuj Krishna, TheMathCompany employs nearly 1,000 data scientists and engineers and domain experts.

Data Analytics And Engineering Startup TheMathCompany Bags $50 Mn For ...

Analytics and data engineering startup TheMathCompany has raised…

Sethu P. 13th January, 2022

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