DIGITAL INDIA

Paytm Seeks RBI Licence To Set Up Money Market Fund

Paytm Bank

Paytm, after launching the Payments Bank is now trying to enter the mutual fund space. Founder Vijay Shekhar Sharma has reportedly applied to the RBI for a license to set up a money market fund. A money market fund is a type of mutual fund characterised as one with low-risk, low-return on investment. It usually

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MobiKwik Raising $100 Mn-$150 Mn Round To Catapult It To Unicorn Club

Mobikwik

Once The Funding Goes Through, MobiKwik Will Become India’s 12th Unicorn.   MobiKwik is in talks to raise a fresh round of $100 Mn-$150 Mn and this new round will take its valuation to $1 Bn, making it a Unicorn. This development was revealed by co-founder Upasana Taku to TechCrunch. Its close rival Paytm is

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Uber Pilots UberPASS In 4 Metro Cities To Entice More Riders

uber pass

Similar To Ola Select, UberPASS Will Provide Cab Riders With Exclusive Benefits And Discounted Fares Uber India has started the pilot of UberPASS for its riders in selected metro cities. UberPASS service is similar to Ola Select. UberPASS will allow the cab riders to get discounted fares and exclusive benefits. This includes choosing the top-rated

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Ola In Trouble Again, Founders Booked For Playing ‘Pirated Music’ On Ola Play

OLA PLAY PROBLEM

Cab aggregator Ola is in trouble again, this time for using pirated music on Ola Play. A Bengaluru-based label company Lahari Recording Company has registered a complaint of copyright infringement against Ola’s parent company ANI Technologies. Founders Bhavish Aggarwal and Ankit Bhati are also accused in the complaint, for streaming pirated music via its platform

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Government Fast Tracks Insolvency Resolution Process For Indian Startups

insolvent

The Insolvency and Bankruptcy Board of India (IBBI) has introduced the fast track insolvency resolution process for small companies. The new norms provide the process of initiating the insolvency resolution till its conclusion by the adjudicating authority. The fast track insolvency resolution regulations came into force on June 14, 2017. As stated by the Ministry

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