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Fintech Driving The Innovation Ecosystem In India: Rajeev Chandrasekhar

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23 jul’22 ,SATURDAY According to government-stated figures, there are 6,636 fintech startups in India, with a world-leading fintech adoption rate of 87% India’s fintech ecosystem has helped rebuild the trust between the citizens and the government: Rajeev Chandrasekhar The Minister’s comments come as Indian fintechs are struggling to keep up with new government regulations Speaking …

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Centre Probing Cases Of Banned Chinese Apps Making A Comeback: Rajeev Chandrasekhar

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23 jul’22 ,SATURDAY Rajeev Chandrasekhar informed that the MeitY will follow the due process as stated in the IT Rules, 2009 to block access to such apps by the general public Speaking on the resurgence of the banned game app PUBG in India, the Minister said that the Chinese app was banned by MeitY in …

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Edtech Unicorn upGrad Acquires Harappa Education For $38 Mn To Focus On Enterprisetech Segment

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22 jul’22 ,FRIDAY The acquisition was a cash and share-swap deal As a part of the deal, Harappa’s founders–Pramath Raj Sinha and Shreyasi Singh along with its stakeholders will join upGrad’s cap table upGrad’s spokesperson informed Inc42 that the acquisition will help upGrad strengthen its capabilities in enterprisetech segment Edtech unicorn upGrad has acquired Harappa …

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CCI Lashes Out At Meta In Delhi HC For Stalling Probe Into WhatsApp’s 2021 Privacy Policy Update

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22 jul’22 ,FRIDAY The CCI told the Delhi High Court that it was not able to ‘move an inch’ in its probe into WhatsApp’s 2021 privacy policy update There is virtually a stay on the investigation owing to the time granted by the court to both Meta-owned platforms to file replies in the matter: CCI …

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After IAMAI, Gaming Investors Write To FinMin To Maintain The Present GST Rate At 18%

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22 jul’22 ,FRIDAY The investors want the GST council to maintain the 18% rate on gross gaming revenue The GST Council has recommended levying a GST of 28% The investors have argued that such a high tax rate will lead to value destruction of the sector and may impair legitimate business models Global investors, especially …

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Parliamentary Panel Discusses Big Tech’s Anti-Competitive Practices With Startups

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22 jul’22 ,FRIDAY The top executives of tech startups such as Flipkart, MakeMyTrip, Ola, OYO, Paytm, Swiggy, Zomato and more met a parliamentary panel behind closed doors on Thursday to discuss several issues pertaining to “anti-competitive practices” of global tech majors. The development comes after the parliamentary panel summoned the said representatives from the startup ecosystem, …

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Fitterfly raises $12 million from Amazon Smbhav Venture Fund, others

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21 jul’22 ,THURSDAY Digital therapeutic startup Fitterfly with focus on diabetes management on Wednesday said it has raised $12 million in funding led by Amazon Smbhav Venture Fund and Fireside Ventures. The co-investors in this round include 9Unicorns, Venture Catalysts and Nihar Parikh, Founder of 4point0 Health Ventures and Sriram Natarajan, Founder of Molbio. The …

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Watertech Startup DrinkPrime Raises INR 60 Cr In Debt & Equity To Scale Up Operations

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21 jul’22 ,THURSDAY The funding round was led by Omidyar Network India, Sequoia Surge and 9Unicorns, with participation from investors such as Aureolis Ventures and Kwaish Ventures The equity investment was reportedly pegged at around INR 30-35 Cr, while the rest was raised via debt The startup will use the funding to shore up its …

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Neobanking Startup Niyo Raises $30 Mn For Brand Building, Expanding Product Suite

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20 jul’22 ,WED Niyo will use the fresh capital to expand product capabilities and widen its customer base In February this year, Niyo raised $100 Mn from investors including Accel, Lightrock India, Beams Fintech Fund, and JS Capital It offers digital savings accounts and other banking services in association with other banks Neobanking startup Niyo …

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