Patent Infringement: US ITC's Ban On Ultrahuman Comes Into Effect

India, Oct. 23 -- Bengaluru-based wearables startup Ultrahuman is now barred from importing and selling its smart rings in the US, following the enforcement of a ban by the US International Trade Comm... Read More

Furlenco Turns Profitable In FY25, Revenue Zooms 64% To INR 229 Cr

India, Oct. 23 -- Furniture rental startup Furlenco has reported its first-ever annual profit in FY25, marking a turnaround from steep losses a year ago. In the fiscal year, the startup posted a net p... Read More

Neobanking Soonicorn Niyo Cuts FY25 Net Loss by 55% To INR 78 Cr

India, Oct. 23 -- Neobanking startup Niyo Global slashed its FY25 net loss by about 55% to INR 77.8 Cr from INR 143.5 Cr loss incurred in the previous fiscal year. The improvement in the bottom line ... Read More

HomeLane Cuts FY25 Loss By 8% To INR 111 Cr

India, Oct. 23 -- Home interior design soonicorn HomeLane reduced its net loss for the fiscal year FY25 by 8% to INR 111.4 Cr from INR 121.7 Cr in the previous fiscal year. The reduction in net loss ... Read More

BharatPe Appoints Ex-Paytm SVP Ajit Kumar As New CTO

India, Oct. 23 -- IPO-bound fintech startup BharatPe has roped in ex-Paytm senior vice president Ajit Kumar as its new chief technology officer (CTO) months after its former CTO Pankay Goel turned in ... Read More

Yubi's FY25 Net Loss Rises 5% To INR 416 Cr Despite 36% Revenue Uptick

India, Oct. 23 -- Fintech unicorn Yubi (erstwhile known as CredAvenue) net loss for the fiscal year FY25 widened about 5% to INR 416.1 Cr from INR 395.8 Cr loss incurred in the previous fiscal year. ... Read More

WazirX To Restart Operations From October 24

India, Oct. 23 -- A week after receiving a nod from the Singapore High Court on its restructuring plan, crypto exchange platform WazirX is now set to restart its operations from tomorrow. (October 24)... Read More

[Update] ONDC Appoints Paytm's Rohit Lohia As Chief Business Officer

India, Oct. 23 -- Update | October 23, 03:23 PM Ex-Paytm senior vice president Rohit Lohia has joined the Open Network for Digital Commerce (ONDC) as its new Chief Business Officer (CBO). In a statem... Read More

Govt Notifies Amendments To IT Rules To Streamline Content Takedown

India, Oct. 23 -- The IT ministry (MeitY) yesterday notified amendments to the IT Rules, 2021 to streamline the process for the takedown of content by digital intermediaries. Called the Information T... Read More

Meesho Counters AWS In INR 127 Cr Arbitration, Claims INR 86 Cr Damages

India, Oct. 23 -- Ecommerce startup Meesho has found itself locked in an INR 127.45 Cr ($14.44 Mn) legal tangle with Amazon Web Services (AWS) India, according to the draft IPO papers it has filed wit... Read More

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