Article on April 28, 2023
Droom's Sandeep Aggarwal-led F&B Ecommerce Brand Boundless Brands Bags $2.5 M Seed Fund
Boundless Brands is incubated by Sandeep Aggarwal of Droom and ShopClues and Nagendra Shukla joined as Co-Founder and CEO
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Medikabazaar Appoints Vishal Chaturvedi As CTO
Chaturvedi has previously been associated with giants such as Samsung, Amazon, British Telecom, Jio and Blackbuck
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We Incubated 87 Women-led Social Startups, Touched Over 1.5 M Lives: STEP Founder
Only 14 per cent of entrepreneurs in India are women and just 16 per cent of the total funding in India goes to women-led businesses, says STEP Founder Reinu Shah
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Fashion Ecommerce Brand Beyoung Bags Rs 40 Cr From Klub Works
The funding will be used to further expand the brand's presence across the country with the opening of over 100 offline stores in tier II and III cities in 2023
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Another Blow To Google: HC Temporarily Bars Google From Delisting Matrimony.com's App Until June 1
Terming the 11-26 per cent fee ‘unconscionable’, a single-judge bench of the HC observed that Matrimony.com would be put to an ‘irreparable loss and hardship’ if it was delisted from the Play Store marketplace
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ED Raids Edtech Startup Odaclass' Premises For Illegally Channelling Over Rs 82 Cr To China
ED further alleges that the edtech startup has was 100 per cent owned by Chinese entities, with foreign national Liu Can and Indian citizen Vedant Hamirwasia holding position as director of the company.
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Swiggy Introduces 'Platform Fee' For Customers On Each Order
The additional charge of Rs 2 would create a decent corpus to re-infuse back into its operations. The fee is likely to be extended to other cities in phases
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Fintech Startup Tickertape Lays Off 30% Of Employees
The layoffs are most likely the result of rising losses and the Indian startup ecosystem's prolonged fundraising winter. Tickertape lost Rs 16.4 crore in FY22, while sales was Rs 3.01 crore
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Government Intends To Levy Different Tax Rates On Online Skill, Chance Games: Report
It was previously reported that a Group of Ministers (GoM) formed to recommend the GST rate for online gaming may propose an 18 per cent tax on gross gaming revenue (GGR)
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Khazanah Infuses $40 M In Ecom Delivery Firm Xpressbees
The company cut its losses in FY22 to roughly Rs 27 crore, down from Rs 63 crore in FY21. The forecasts for FY23 are based on unaudited data
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