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Mobile development Indian startup, PlaySimple’s acquisition with the aid of using the Swedish game development corporation, Modern Times Group (MTG) for a whopping $360 million, last week became the biggest lesson for the Indian startup ecosystem in 2021. And this not just because of the cost it is news for Indian startups for numerous reasons.0 0 Comments 0 Shares
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After just three months, of its previous funding round, Meesho, who is one of the best rising startups in India, is back at fundraising. This time it’s even bigger and better, with an aim to grab almost double its valuation. The social commerce platform is taking bigger steps now and is talking $100 million now, in a new round from two new and existing investors.0 0 Comments 0 Shares
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Startup financials & Tech Startup News
The Karnataka High Court on Friday ruled that the antitrust investigation by India’s competition watchdog into Amazon and Flipkart will go on as it dismissed appeals filed by the two companies against a previous order by the court which had allowed the investigation to continue.
“In the concerned opinion of this court by no stretch of imagination the inquiry can be crushed at this stage,” a division bench of Justices Satish Chandra Sharma and Nataraj Rangaswamy ruled.
The verdict came after Amazon and Flipkart filed separate appeals last month challenging an earlier order by a single judge bench of the Karnataka High Court which allowed the competition watchdog to continue its antitrust investigation into the two companies.
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Paytm Latest News and Online Grocery News-
Digital payments company Paytm and food aggregator Zomato were among the digital platforms that experienced a temporary outage for nearly half an hour on Thursday night with users across the country experiencing accessing issues.
The outage came amid a global outage at Akamai, which also took down a number of other websites including Chase, AT&T and American Express. It is worth noting that the outage happened as Akamai experienced a DNS issue.
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The Reserve Bank of India is currently working towards a “phased implementation strategy” of a Central Bank Digital Currency (CBDC) and may conduct pilot projects to assess the use of the digital currency in wholesale and retail segments in the near future.
But before that, the bank is examining some key issues such as its underlying technology, its distribution architecture, that is, if it should be issued directly by the RBI or through banks, and the degree of anonymity that should be afforded to users of the digital currency.0 0 Comments 0 Shares