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Adda247‘s FY22 Loss Surge 10X YoY To INR 157 Cr

Edtech startup Adda247 reported a loss of INR 157.8 crore ($21.2 million) in the financial year 2021-22, up more than 10 times from the...

CCI Dissatisfied With NCLAT  Google Antitrust Ruling

The Competition Commission of India (CCI) is reportedly considering legal options in response to the National Company Law Appellate Tribunal's (NCLAT) antitrust ruling against...

Maharashtra Constitutes Panel To Set Ola And Uber In Order

The Maharashtra government has formed a six-member committee to develop draft norms for regulating the operations of online ride-hailing platforms such as Ola and...

No Respite For BYJU’S, Lenders Seek $200 Mn Prepayment On $1.2 Bn Loan

BYJU'S, the Indian edtech decacorn, is facing demands from its lenders for a $200 million prepayment on its $1.2 billion Term Loan B (TLB),...

I&B Ministry Tightens Grip On Betting And Gambling Advertisements

The Ministry of Information and Broadcasting (MIB) in India has advised media entities and platforms to refrain from carrying advertisements or promotional content of...

RBI’s NUE Fails To Take Off Due To Lack Of Innovative Proposals

The Reserve Bank of India's plans to set up a New Umbrella Entity (NUE) network has been stalled due to the lack of innovative...

Decoding Licious’ Organic Application Growth Playbook

D2C startup Licious is leveraging its app to improve user engagement, retention and profitability. As 90% of Licious' business is done via the app,...

ZestMoney To Fire About 30% Employees After PhonePe Deal Falls Through

ZestMoney, a buy-now-pay-later (BNPL) platform backed by Goldman Sachs, is reportedly laying off around 30% of its workforce after PhonePe canceled its plan to...

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