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CCPA Fines Raising Superstars For Claiming Babies Can Crawl At 3 Months

India, March 3 -- The Central Consumer Protection Authority (CCPA) has imposed a penalty of Rs.8 Lakh onedtech startup Raising Superstars for misleading advertisements and claims. Raising Superstars,... Read More


SC Upholds K'taka HC's Order Quashing PMLA Case Against Razorpay

India, March 3 -- The Supreme Court has upheld the Karnataka High Court's order quashing proceedings against fintech major Razorpay under the Prevention Of Money Laundering Act (PMLA). In an order da... Read More


UPI Transactions Decline 6% MoM To 20.39 Bn In February

India, March 2 -- Reversing the momentum of the past few months, the Unified Payments Interface (UPI) transactions saw a month-on-month dip in February, falling 6% to 20.39 Bn from 21.70 Bn in January... Read More


Exclusive: EV startup Bounce Raises Rs.36 Cr From Existing Investors

India, March 2 -- EV startup Bounce has raised Rs.36 Cr ($3.9 Mn) in a funding round led by existing investors Accel and B Capital. The startup allotted 37.6 Lakh Series F CCPS to Accel India and B C... Read More


SEDEMAC Raises Rs.325.9 Cr From Anchor Investors

India, March 2 -- SEDEMAC Mechatronics has raised Rs.325.89 Cr from anchor investors like HDFC Mutual Fund, Abu Dhabi Investment Authority, Goldman Sachs, Invesco India, among others, before its IPO o... Read More


Exclusive: Turiyam.ai Raises $4 Mn To Build Full-Stack AI Hardware Platform

India, March 2 -- Bengaluru-based Turiyam.ai has raised $4 Mn (about Rs.36 Cr) in its pre-seed funding round led by Ankur Capital and Axilor's early stage investment fund Micelio Fund. The AI compute... Read More


RAS Luxury Raises $7.5 Mn From Dabur Ventures, Unilever Ventures

India, March 2 -- D2C skincare brand RAS Luxury Skincare has raised $7.5 Mn (about Rs.68.7 Cr) in its Series B funding round led by Dabur Ventures, with participation from existing investor Unilever V... Read More


E2W Registrations Decline 9% In Feb To 1.11 Lakh Units, Ola Electric Sales Down 47%

India, March 2 -- Ola Electric slipped further to the sixth spot in terms of market share in the electric two-wheeler (E2W) market in February after its registrations slumped 47% to 3,968 units from 7... Read More


The Fintech Showdown Before PhonePe's IPO

India, March 2 -- As PhonePe inches closer to one of the most highly anticipated IPOs in India this year, the spotlight on the digital payments duopoly is getting sharper. And with this, greater empha... Read More


Fireside-Backed Nester Ropes In Former Honasa Exec Kunwarjeet Grover As Cofounder

India, March 2 -- Home appliance D2C startup Nester has roped in Wellbeing Nutrition's vice president of growth Kunwarjeet Grover as cofounder and chief business officer (CBO). Grover brings more tha... Read More