Startups News
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February 08, 2023 07:59 PM ISTWazirX calls out Binance’s allegations, says user assets are safe
Binance accused WazirX of driving false narrative about it based on its use of Binance’s wallet services
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February 08, 2023 07:56 PM IST PhonePe Founder Sameer Nigam On Why Bengaluru Is Startup Capital Despite Traffic, Flooding, Potholes
A candid chat with PhonePe CEO and co-founder Sameer Nigam at the CNN News18 townhall. In a candid chat with Moneycontrol's Chandra R Srikanth, he spoke about Bengaluru's journey as a startup and tech destination and your own experiences as a founder who's made Bengaluru his home. Nigam also spoke about PhonePe's IPO plans in India and its banking ambitions, and why Bengaluru remains the startup capital of India despite competition from other cities.
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February 08, 2023 07:44 PM IST Digital Lenders meet Meity officials to seek more clarity on app ban directive
Several industry players also say that the ban is more to do with the platforms that are hosting the app like Google Play and Aptoide.
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February 08, 2023 07:00 PM IST Loan apps ban: Industry insiders call it a good move to remove bad actors
Fintech startup founders weigh in possibilities of illegal cross border data sharing and cybersecurity threats
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February 08, 2023 06:00 PM IST EV startup Zypp Electric raises $25 million in funding led by Gogoro
The round includes a $20 million equity round and a $5 million debt round for fleet expansion from global impact fund IIX and a large national bank.
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February 08, 2023 02:00 PM IST ‘Final approval’ awaited for National Space Policy and FDI in the space sector: Union minister
Minister of Science and Technology Jitendra Singh said that exports in the space sector in FY 2021-22 stood at Rs 174.90 crore, while imports were at Rs 2,114 crore.
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February 08, 2023 01:31 PM IST India should have a central law on online gaming: IT minister Ashwini Vaishnaw
MeitY was designated as the nodal ministry for all online gaming related matters in December 2022.
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February 08, 2023 11:57 AM IST We need to grow first: Sameer Nigam on whether PhonePe will become a bank
Last October, Walmart-owned PhonePe announced that it completed the process of moving its domicile from Singapore to India.
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February 08, 2023 11:12 AM IST ‘Bengaluru is absolutely the startup capital of the country’: PhonePe’s Sameer Nigam
The PhonePe cofounder said that the startup ecosystem has benefited because the IT doyens set up a “technology pathos” in the city.
- February 08, 2023 10:56 AM IST
We believe the market will reward us if we're doing well here: PhonePe Sameer Nigam on India IPO plans
“We want to go public here. We believe the market will reward us if we're doing well by citizens here,” Nigam said.
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February 08, 2023 10:36 AM IST Agnikul Cosmos successfully carries out key test ahead of planned launch
After the suborbital launch, which will help in validating in necessary technologies, Agnikul Cosmos will be getting ready for a full-scale commercial launch by April 2023.
- February 08, 2023 09:38 AM IST
There is a rhyme and a reason why the loan app bans are happening: PhonePe’s Sameer Nigam
The Ministry of Electronics and Information Technology (MeitY) has issued a directive to app stores to block more than 200 loan and betting apps.
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February 08, 2023 07:58 AM IST AI startup Entropik raises $25 million in Series B led by Bessemer, SIG Capital
Entropik is planning to use the funds raised towards bringing innovation in consumer research for global brands and for expanding their footprint across the US, Europe, and Asian markets.
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February 07, 2023 07:13 PM IST Up to 42% of new customers till date come at zero acquisition costs: Jupiter’s Jitendra Gupta
The neobank founder says for businesses such as neobanks and lending platforms to succeed and grow, apart from traditional core business fundamentals, customer acquisition costs needs to be capped and strategised better
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February 07, 2023 06:46 PM IST RBI wants IT ministry to ensure only regulated digital lenders on app stores: FinMin
The MeitY has shared the RBI's list with app stores and requested them to ensure that only the apps figuring in the list are hosted on their app stores, the finance ministry said
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February 07, 2023 06:25 PM IST SoftBank invested $300 million in Q3, doesn’t want to ‘rush and waste money’
SoftBank CFO says that the company is ready for three scenarios — linear early recovery, instability followed by recovery in H2 2023 which is based on the view of the majority of the unlisted market, and the worst case scenario of recovery after 2024
- February 07, 2023 05:31 PM IST
Google reviewing MeitY directive to block loan, betting apps: Sources
Along with online lending platforms like Kissht and PayU-backed LazyPay, Meity's ban list includes Kreditbee, Ola Avail Finance, and a few home loan and B2B lending apps.
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February 07, 2023 03:21 PM IST CBDCs will bring a lot of opportunities for fintech community: RBI official
The Reserve Bank of India is encouraging fintech companies to create innovative solutions for Central Bank Digital Currencies (CBDCs) that can be accessible to citizens without internet access.
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February 07, 2023 12:24 PM IST SoftBank sinks into $5.93-billion loss in Dec quarter, Vision Fund loses $5.52 billion
In the previous quarter, SoftBank had seen profit for the first time in three quarters as the Japanese investment conglomerate sold a significant stake in its crown jewel Alibaba Group Holding
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February 07, 2023 12:18 PM IST Grading, customer support, assessment: How Indian edtechs are using ChatGPT
ChatGPT offers the chance to learn much faster and more efficiently than ever before, but it can also lower one’s ability to write independently, and may impact startup job prospects.
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February 07, 2023 11:14 AM IST Paytm on hiring mode to rope in more merchants, sell payment devices
Fintech major aims to expand presence by over 2X to 1,000 cities and towns in the next 2-3 years, but profitably
- February 06, 2023 10:42 PM IST
LazyPay, Kissht among digital lending platforms pulled down on MeitY order
The move came after a communication from the Ministry of Home Affairs.
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February 06, 2023 05:06 PM IST The startup behind DigiYatra reveals how it perfected the tool’s facial recognition algorithm
Avinash Komireddy, Founder and CEO of Dataevolve, the start-up that designed the DigiYatra ecosystem, claims the facial recognition algorithm has a success rate of 99%
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February 06, 2023 02:41 PM IST Explained | How a new angel tax provision has struck fear in startups, VCs
In an about-turn that no one saw coming, the government seems to have tightened the noose on foreign funding for startups even as the sector grapples with a funding crunch with no end in sight
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February 06, 2023 01:45 PM IST Swiggy appoints 3 independent directors on board as it gears up for IPO
Appoints three independent directors to board for the first time
