ONDC an initiative of the Department for Promotion of Industry and Internal Trade (DPIIT) won at National Awards for e-Governance (NAeG) in the category of ‘Application of Emerging Technologies for Providing Citizen-Centric Services’ “We are honored to receive the Gold Medal at the National e-Governance Awards for our innovative use of emerging technologies in providing…
Under its employee stock option plan (ESOP), the fintech behemoth PaytmPaytm Datalabs in-article-icon has granted 2.54 lakh equity shares to qualified workers. Paytm stated in an exchange statement on Wednesday, September 4, that the nominating and compensation committee of the board had approved the distribution of 2.54 lakh fully paid-up equity shares, each with a…
Venture capitalists and industry experts have welcomed the removal of angel tax, which is an important step towards accelerating the growth of startups in India. Finance Minister Nirmala Sitharaman during the Budget presentation for 2024-25 announced that angel tax will be abolished for all investors. The angel tax, introduced in 2012 to prevent money laundering,…
Flipkart-backed logistics company BlackBuck is planning to go public. The company filed its draft red herring prospectus (DRHP) with SEBI, the Indian market regulator. Logistics startup BlackBuck, backed by Flipkart, has filed its draft IPO papers with SEBI. The company aims to raise $300 million through a mix of new share issuance and existing shareholder…
Yes, UPI has crossed the milestone of processing 500 million transactions on a daily basis for a couple of times in August. This is a significant jump for UPI in daily volume as the Indian government has set the ambitious target of clocking 1 billion transactions per day by UPI by 2026-27. UPI is a…
Introduction Airbnb, the globally recognized hospitality platform that connects hosts with travelers, has witnessed significant success in India, a nation rich in cultural diversity, with a rapidly growing middle class and a booming appetite for travel. Since its official launch in India in 2016, Airbnb has emerged as a formidable player in the hospitality industry,…
The valuation of PharmEasy’s parent, API Holdings, has taken a serious beating. From being valued at $5.6 billion, it came down to $458 million, which is a drop of 92%. It was due to a number of factors, including some really unfavorable market conditions and investor concern. Janus Henderson, one of PharmEasy’s investors, cut the…
CarDekho Datalabs has appointed Sudarshan Sharma as the new Chief Business Officer of the New Auto business with the aim to boost growth. Sharma brings with him extensive experience in the automotive and technology sectors, having previously worked at Flipkart and Google, among other companies. His appointment reflects the company’s commitment to enhancing its marketing…
In a pre-Series B investment round, mortgage brand LoanKuber was able to secure $3m. undefined Pace of this investment was led by the current investor, namely Inflection Point Ventures while the other was Singapore-based TRTL VC. Other notable personalities present included Angel investors as well as LetsVenture, Mavuca Capital and Auxano. With the fresh capital…
Introduction Unacademy, a pioneering ed-tech startup in India, was founded in 2015 by Gaurav Munjal, Roman Saini, and Hemesh Singh. What began as a humble YouTube channel offering educational content soon transformed into a comprehensive online learning platform, aiming to democratize education by providing high-quality resources to everyone, irrespective of their geographical location. Over time,…
