FIR lodged against ShareChat for copyright violation
Bengaluru, India-based social media startup owned by Mohalla Tech Pvt Ltd is having a tussle with the music company Lahari Recording Company.
India
Funding rounds, acquisitions, regulatory shifts, and major business developments from across the Indian startup and technology landscape.
Indian cricketer Ajinkya Rahane invests in organic food startup MeraKisan
Ajinkya Rahane, the vice-captain of India's test cricket team has invested in the Pune, Maharashtra-based organic food startup MeraKisan for a minority stake.
India’s OTT behemoth Hotstar joins forces with Disney to offer Disney Plus content in India
India's OTT giant Hotstar owned by Star Network from today (11 March 2020) started streaming Disney Plus content...
Koovs – India’s fashion e-commerce player lays off 50 percent employees
Koovs has derailed 140 employees which is about of half of its employee base, as reported by a number of publications last week.
YES Bank moratorium – crisis, impact on UPI transactions & startups
The Reserve Bank of India (RBI) on Thursday (5 March) imposed a moratorium on YES Bank capping the withdrawal limit to INR 50,000 per depositor till 3 April.
Leap Finance scoops $5.5 Mn in seed from Sequoia
Bengaluru, India-based Leap Finance, a fintech startup that offers loans to students, on Tuesday raised $5.5 in a seed funding round led by Sequoia.
Sleepy Owl – Coffee startup raises undisclosed amount from Rukam Capital
Delhi-based Sleepy Owl, a coffee brand yesterday announced that it has raised an undisclosed amount in a venture round from Rukam Capital
[Big News] Supreme Court of India lifts cryptocurrency ban
The Supreme Court of India yesterday (4 March 2020) revoked the ban imposed by the RBI that restrains banks to permit cryptocurrency related payments...
[Breaking] Biogreen with TATA Motors develops world’s first biodegradable & compostable bubble wrap
Biogreen today told LAFFAZ that it has successfully developed world's first biodegradable & compostable bubble wrap in association with TATA Motors.
Neeman’s – Hyderabad-based sustainable shoe brand raises $1 Mn
Hyderabad-based sustainable shoe brand Neeman's on Monday (2 March) raised $1 million in Pre-Series A round led by Anicut Angel Fund.
Online car retailer Spinny raises $43.7 Mn from Infosys’ chairman
Gurugram, India-based online used car retailer Spinny yesterday raised $43.7 million in a Series B round led by Fundamentum Partnership
Atraxn Partners invests in youth-focused Hostel chain ‘GoStops’
Atraxn Partners, owned by the founders of Wheebox today announced that it has invested in the Delhi-based full-stack youth hostel company goStops.