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SC Stays INR 5,712 Cr GST Notice Against Paytm's First Games

India, May 24 -- In a major relief for Paytm, the Supreme Court (SC) has stayed INR 5,712 Cr GST notice issued against the listed fintech giant's gaming subsidiary First Games Technology Pvt Ltd. In ... Read More


NPCI Brings In Additional Measures To Curb UPI Outage

India, May 23 -- The National Payments Corporation of India (NPCI) has rolled out additional set of measures for payment service providers (PSPs) and acquiring banks to streamline UPI transactions. I... Read More


Roposo Cofounder's Hyperlocal Community Startup Shuru Bags INR 29 Cr

India, May 22 -- Indore-based Shuru, a hyperlocal community app launched by Roposo cofounder Mayank Bhangadia, has raised INR 29 Cr (around $3.37 Mn) in a funding round led by South Korean gaming majo... Read More


Data Sutram Bags $9 Mn To Offer Fraud Detection Services To BFSI Sector

India, May 22 -- BFSI-focussed B2B SaaS startup Data Sutram has raised a Series A funding of $9 Mn (around INR 77 Cr) co-led by Lightspeed Venture Partners and B Capital. The round was a mix of prima... Read More


Shiprocket Files Confidential DRHP For INR 2,500 Cr IPO

India, May 21 -- Logistics unicorn Shiprocket has pre-filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), joining the long list of startups taking the... Read More


Cybersecurity Startup CloudSEK Bags $19 Mn From MassMutual Ventures, Others

India, May 20 -- AI-powered cyber threat prediction and intelligence startup CloudSEK has secured $19 Mn (around INR 162 Cr) across its Series A2 and B1 funding rounds. The round saw participation fr... Read More


Shiprocket To File DRHP Via Confidential Route For INR 2,500 Cr IPO

India, May 19 -- Logistics unicorn Shiprocket reportedly plans to file its draft red herring prospectus (DHRP) with the Securities and Exchange Board of India (SEBI) via the confidential pre-filling r... Read More


Euler Motors Bags INR 638 Cr From Hero MotoCorp, BII

India, May 19 -- Electric commercial vehicle manufacturer Euler Motors has secured INR 638 Cr (around $75 Mn) as a part of its Series D funding round led by Hero MotoCorp, along with participation fro... Read More


ProcMart Elevates Finance & Strategy Head Sachin Jain To Cofounder

India, May 19 -- B2B-focussed procurement marketplace ProcMart has elevated its finance and strategy head Sachin Jain to the position of cofounder. In his new role, Jain will help in expanding ProcMa... Read More


Foxconn To Soon Start iPhones Shipment From New Karnataka Unit

India, May 17 -- Apple's contract manufacturer Foxconn will soon kick off shipments of iPhones from its new plant in Karnataka. An ET report said that the final checks are underway and the commercial... Read More