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Tiger Backed NestAway Bites The Dust – From $220 Mn Valuation To A $11 Mn Fire Sale

In addition to the INR 90 Cr consideration towards acquisition of up to 100% share capital, Aurum PropTech will inject INR 30 Cr...

Online Gaming Rules: AIGF Releases Model Charter For SRBs, Focus On User Protection

The All India Gaming Federation (AIGF) has published a draft model charter for self-regulatory bodies (SRBs) for the online gaming sector and sought...

Ray Of Hope? Indian Startup Funding Jumps 15% To $1 Bn In May 2023

As per Inc42 data, deal count also surged 31% to 80 in May from 61 in April 2023 Enterprise tech, ecommerce and fintech continued...

Sequoia & Aavishkaar Capital Back Cleantech Startup Newtrace With $5.65 Mn

The startup aims to use the funds to accelerate the global transition to green hydrogen Founded in 2021, by Prasanta Sarkar and Rochan Sinha,...

Central Bank To Expand CBDC Pilots In FY24

The value of wholesale CBDC in circulation stood at INR 10.39 Cr as of March 31, 2023, while the number was at INR...

Fidelity Investments Cuts Meesho Valuation To $4.4 Bn

Fidelity Investments has marked down the fair value of ecommerce unicorn Meesho by 9.7% Fidelity Investments holds stakes in the ecommerce unicorn through multiple...

Reliance-Backed Altigreen In Talks To Raise $85 Mn, Eyes $350 Mn Valuation

The three-wheeler cargo EV maker reportedly plans to use the funds to shore up its production capacity and invest in new models Altigreen Propulsion...

Slick App Is Building India’s Version Of Gas-Like Compliment Based Social Media

Founded by Archit Nanda, Rachit Bansal, Slick is trying to bridge the gap in personalised connection on social media platforms Launched in November 2022,...

Charting The Path To Regulate EV Supply Chain

India's heavy reliance on Chinese imports for EV components, particularly batteries, hinders the widespread adoption of electric vehicles The regulation of the EV supply...

Take Action Against Illegal Epharmacies, Formulate Rules: Delhi HC To Centre

The Delhi HC directed the Centre to ensure that the pendency of ongoing cases does not prevent the latter from taking action against...

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