MSME-Focussed Fintech Startup M1xchange Raises $10 Mn Led by Amazon

India, April 15 -- M1xchange, a digital invoice discounting platform for micro, small and medium enterprises (MSMEs), has raised $10 Mn in a fresh funding round led by ecommerce giant Amazon India, al... Read More

OYO Challenges NCLT Insolvency Proceedings Against Subsidiary; Claims Settlement

India, April 7 -- The National Company Law Tribunal (NCLT) today (Wednesday, April 07, 2021) has agreed to hear an insolvency plea filed by a OYO hotel partner named Conclave Infratech. However, in re... Read More

Real-Money Gaming: Will VC-Fuelled Fantasy Sports Apps Find A Firm Footing In India?

India, March 29 -- Online fantasy sports games have been the latest craze in India. During the pandemic, with people compelled to stay at home, the cricket-frenzied nation has taken to fantasy sports ... Read More

Exclusive: Amazon India Suspends Over 2,000 Sellers; Payments, Inventory Worth Crores Stuck In Limbo

India, March 26 -- More than 2,000 Amazon India sellers were suspended from accessing their seller accounts on the ecommerce platform without warning or clarity, leading to crores in lost income in th... Read More

Vishal Gondal Responds To Online Gambling Defamation Suits; Offers Free Counselling To 'Addicts'

India, March 17 -- Days after receiving eight legal notices for alleged defamation for his comments criticising online gambling apps and platforms, GOQii and nCore Games founder Vishal Gondal has resp... Read More

After Ecommerce Launch, CRED Looks To Raise $200Mn At Whopping $2Bn Valuation

India, March 15 -- Just a couple of months after it had raised $81 Mn in its Series C round, Bengaluru-based fintech startup CRED is said to be in talks with existing investors to raise fresh funding ... Read More

Indian Govt Determined To Enforce WhatsApp Message Traceability

India, March 15 -- Instant messaging apps such as WhatsApp, Singal and others will have to comply with the Indian government's demand to allow traceability of messages to the original sender if the co... Read More

IndiaMART Approaches Delhi HC Seeking To Quash TRAI's Spam SMS Regulations

India, March 15 -- B2B ecommerce platform IndiaMART has filed a petition with the Delhi High Court seeking to repeal the Telecom Regulatory Authority of India (TRAI's) new rules to prevent spam and fr... Read More

Prosus Ventures Seeks CCI Nod For Stake Purchase In Healthtech Startup PharmEasy

India, March 13 -- Mumbai-based online pharmacy PharmEasy has filed for regulatory approval for its upcoming funding tranche from Prosus Ventures (previously Naspers Ventures). According to a filing w... Read More

Amazon Infuses INR 225 Cr Into India Payments Subsidiary

India, March 12 -- Amazon.com Inc, the parent entity of the US-based ecommerce giant, has infused fresh capital of INR Rs 225 Cr into its India payments subsidiary, Amazon Pay (India) Pvt Ltd, accordi... Read More