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Myntra Settles FEMA Violations Case With RBI

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Fashion ecommerce major Myntra has settled a Foreign Exchange Management Act (FEMA) contraventions case with the RBI by paying a compounding fee of ₹…

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Ads In The AI Age, The Bear House’s Prowl & More

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Advertising In The AI Age The ₹30 Lakh trademark fine on Google in the Hindware case may be modest, but the ruling lands at a moment when AI is reb…

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Friale Sells Groww Shares In ₹210 Cr Block Deal

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US-based early stage investment firm Friale yesterday sold 1.13 Cr shares of fintech major Groww in a block deal worth ₹210.4 Cr. As per BSE data, F…

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Fintech Startup WeRize Raises $7 Mn To Expand Product Offerings

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Fintech platform WeRize has raised $7 Mn (about ₹67.1 Cr) from in a pre-Series C funding round led by Sony Innovation Fund. Existing investor 3one4 C…

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Pine Labs-Owned Setu’s Cofounder Nikhil Kumar Steps Down

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Fintech platform Setu’s cofounder Nikhil Kumar has stepped down from the day-to-day operations of the Pine Labs-owned platform after a nearly eight y…

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Hackers Access Contact Details Of Ultrahuman Users Via Internal Tool

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Ultrahuman suffered a cybersecurity incident in March this year, which led to hackers accessing certain personal information of the smart ring maker’…

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FirstClub Nets $55 Mn To Expand Store Footprint, Widen Product Range

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Months after closing its Series A funding round, quick commerce startup FirstClub has now raised $55 Mn (around ₹512 Cr) as a part of its Series B fu…

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IPO-Bound Acko Rejigs Top Brass, Appoints Four New Vertical Heads

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IPO-bound insurtech unicorn Acko has announced a slew of new appointments to its top brass. The startup has roped in former Junglee Games executive A…

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Sarvam’s Voice Stack, Layoffs At Interview Kickstart & More

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Sarvam To Roll Out Voice Agents For Public Sarvam is preparing a major commercial push. The homegrown AI giant is opening its voice AI platform to t…

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Amazon Rolls Out Ads On Prime Music

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Amazon India will introduce advertisements on its Prime Music service and remove offline download support for Prime members in India from July 2, 202…

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Eternal, Meesho, Amazon, Swiggy, Zepto Form Digital Commerce Coalition

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Multiple ecommerce and quick commerce startups have come together to form the Digital Commerce Coalition, an industry-led body aimed at advancing the…

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