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    you are here: HomeNewsBusinessStartups

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    Business Trends World Technology Politics Interview Infographic India
    • WazirX calls out Binance’s allegations, says user assets are safe February 08, 2023 07:59 PM IST

      WazirX 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

    • PhonePe Founder Sameer Nigam On Why Bengaluru Is Startup Capital Despite Traffic, Flooding, Potholes 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.

    • Digital Lenders meet Meity officials to seek more clarity on app ban directive 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.

    • Loan apps ban: Industry insiders call it a good move to remove bad actors 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

    • EV startup Zypp Electric raises $25 million in funding led by Gogoro 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.

    • ‘Final approval’ awaited for National Space Policy and FDI in the space sector: Union minister 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.

    • India should have a central law on online gaming: IT minister Ashwini Vaishnaw 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.

    • We need to grow first: Sameer Nigam on whether PhonePe will become a bank 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.

    • ‘Bengaluru is absolutely the startup capital of the country’: PhonePe’s Sameer Nigam 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.

    • We believe the market will reward us if we're doing well here: PhonePe Sameer Nigam on India IPO plans 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.

    • Agnikul Cosmos successfully carries out key test ahead of planned launch 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.

    • There is a rhyme and a reason why the loan app bans are happening: PhonePe’s Sameer Nigam 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.

    • AI startup Entropik raises $25 million in Series B led by Bessemer, SIG Capital 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.

    • Up to 42% of new customers till date come at zero acquisition costs: Jupiter’s Jitendra Gupta 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

    • RBI wants IT ministry to ensure only regulated digital lenders on app stores: FinMin 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

    • SoftBank invested $300 million in Q3, doesn’t want to ‘rush and waste money’ 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

    • Google reviewing MeitY directive to block loan, betting apps: Sources 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.

    • CBDCs will bring a lot of opportunities for fintech community: RBI official 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.

    • SoftBank sinks into $5.93-billion loss in Dec quarter, Vision Fund loses $5.52 billion 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

    • Grading, customer support, assessment: How Indian edtechs are using ChatGPT 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.

    • Paytm on hiring mode to rope in more merchants, sell payment devices 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

    • LazyPay, Kissht among digital lending platforms pulled down on MeitY order 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.

    • The startup behind DigiYatra reveals how it perfected the tool’s facial recognition algorithm 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%

    • Explained | How a new angel tax provision has struck fear in startups, VCs 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

    • Swiggy appoints 3 independent directors on board as it gears up for IPO 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

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