Pure EV Secures $8M in Recent Funding Round
Hyderabad-based electric two-wheeler manufacturer Pure EV has raised $8 million from a consortium of investors led by Bennett Coleman and Company Ltd, Hindustan Times Media Ventures, and Ushodaya Enterprises Pvt Ltd. The company is also in the final stages of raising $25 million from foreign institutional investors and is in talks to raise another $15 […]
Prabhaav : SIDBI’s Insight into Fund of Funds for Startups
The Small Industries Development Bank of India (SIDBI) has launched a report titled Prabhaav, which evaluates the impact of its Fund of Funds for Startups (FFS) on the Indian startup ecosystem. The report, prepared by CRISIL, a leading analytics company, reveals the positive outcomes of the FFS scheme on various aspects such as capital flow, […]
Ola Electric S1 Prices Cut by Rs 25,000: New Rates
Ola Electric has announced a price drop of Rs 25,000 for its S1 scooter range this month. The company said it has achieved this due to its strong cost structure, in-house technology and manufacturing capabilities, and eligibility to manufacturing incentives. What are the new prices of Ola Electric S1 scooters? The revised prices of the […]
Paytm Bank Loses FASTAG Issuance Authority from NHAI
The National Highway Authority of India (NHAI) has removed Paytm Bank from its list of authorized banks for FASTag services. FASTag is an electronic toll collection system that uses Radio Frequency Identification (RFID) technology to deduct toll charges directly from the linked bank accounts. Paytm Bank, a subsidiary of One 97 Communications, is one of […]
Paytm Bank: RBI Extends Restrictions Deadlines to March 15
Paytm Bank, one of the leading payment banks in India, is facing a tough time as the Reserve Bank of India (RBI) has imposed severe restrictions on its operations. The RBI has accused Paytm of persistent non-compliances and material supervisory concerns, and has ordered it to stop accepting new customers, deposits, credit transactions, fund transfers […]
TeamLease EdTech, NSDC’s Joint Venture
What is the partnership between TeamLease EdTech and NSDC? TeamLease EdTech, a leading provider of online education and skill development solutions, and the National Skill Development Corporation (NSDC), a public-private partnership under the Ministry of Skill Development and Entrepreneurship, have entered into a partnership to foster employability through skill development by endorsing work-integrated degree programmes. […]
OYO Dives into Sports Hospitality, Shortlists 100 Hotels
OYO, the hospitality and travel-tech firm, has announced its foray into sports hospitality business, shortlisting 100 hotels across 12 key cities to cater to large sports events. The company aims to provide end-to-end solutions for athletes, officials and spectators, including accommodation, transportation and food services. Why OYO is entering sports hospitality According to OYO, the […]
Rapido Targets Auto Drivers with No Commission
Rapido, a ride-hailing platform backed by Swiggy, has announced that it is extending its software-as-a-service (SaaS)-based zero commission model to its auto drivers. The company claims that this is the first time in India that such a model has been introduced for auto drivers, who usually have to pay around 15% commission per ride to […]
PayU and NPCI’s UPI Credit Line for Merchants
PayU, a leading payment solutions provider, has partnered with the National Payments Corporation of India (NPCI) to offer ‘Credit Line on UPI’ feature on its platform. This will enable PayU merchants to accept UPI payments from customers through pre-sanctioned credit line by banks. What is Credit Line on UPI? Credit Line on UPI is a […]
Dream11 Insolvency: NCLAT Orders IRP Standstill
NCLT admits insolvency plea against Dream11’s parent company Dream11, India’s largest sports fantasy platform, is in trouble after the National Company Law Tribunal (NCLT) admitted an insolvency plea against its parent company, Sporta Technologies Private Limited, over a rent default of Rs 7.6 crore. The NCLT has appointed Madan Bajrang Lal Vaishnawa as the Interim […]