New Delhi: IT startup Lio on Wednesday aforementioned it’s raised around Rs thirty-seven large integer in an exceeding seed funding spherical LED by redwood Capital India|Bharat|Asian country|Asian nation} and Lightspeed India. the corporate plans to use the investment primarily to expand its engineering team and increase the number of users of the mobile application.

“The investment by Lightspeed India|Bharat|Asian country|Asian nation} and redwood Capital India helps accelerate Lio’s vision of facultative little businesses to be smarter by investing their business knowledge for the higher cognitive process.

“We aim to realize this by serving to folks organize their information,” Lio co-founder…

Bengaluru: SaaS startup Freshworks, that is predicted to list on the information system Wednesday, is reaching to raise the maximum amount as $1.02 billion through its initial public providing (IPO) at a valuation of over $10 billion.

This is the primary India-born software system merchandise startup to list on the US stock exchanges.

The San Mateo-based startup, that was supported in city, plans to sell twenty eight.5 million shares at a value of $36, the corporate aforesaid in a very release on weekday, up from the marketed vary of $32-$34 the corporate declared earlier on, inform to robust capitalist interest.

Mumbai: town civil court in Mumbai has briefly restrained Unacademy and its subsidiary PrepLadder from victimisation its (PrepLadder) application that helps students to organize for entrance tests within the medical field.

On Monday, responding to a petition filed by Sri Lankan edtech startup Medical Joyworks, LLC, Justice AH Laddhad passed associate degree ex-parte order against Sorting Hat Technologies Pvt., the parent company of Unacademy, and its investors-Blume Venture Advisors, redwood Capital Asian nation, SoftBank Vision Fund and Temasek Holdings-restraining the corporate from victimisation the PrepLadder app until any notice.

In Gregorian calendar month last year, Unacademy had nonheritable PrepLadder for…

Mumbai: Dream11, an internet fantasy vice platform, recorded a profit of Rs a hundred and eighty large integer within the year 2020, creating it one among the few Indian consumer-tech unicorns to own turned profitable. It had recorded a loss of Rs eighty seven large integer in FY19.

Dream11, which is going by Sporta Technologies aka Dream Sports, additionally saw its revenue increase by over a pair of.5 times to Rs a pair of,070.4 large integer in FY20 from Rs 775.5 large integer in FY19, consistent with the most recent restrictive documents sourced from business intelligence platform Tofler. …

New Delhi: Digital payments and monetary firm Paytm has received over five.45 hundred thousand shares from around twenty additional staff for proof in its future commercialism. As per a restrictive filing by One97 Communications (OCL), concerning twenty additional staff have reborn their ESOPs into a complete of five,45,735 shares.

Earlier, two hundred former and current staff had reborn their ESOPs into shares, taking the entire count of staff to around 220.

Last week, Paytm gave time until Gregorian calendar month twenty-two to staff to convert their ESOPs into shares for proof within the future commercialism.

For ‘designated persons’ to sell…

Ride-hailing firm Ola’s entry into the electrical two-wheeler house has triggered a price competition within the section. EV players like Ather, Okinawa, Pure EV, easy Energy and ancient two-wheeler manufacturers like TVS Motor Co, Hero electrical and Bajaj Ltd square measure merchandising e-scooters within the Rs seventy,000 to Rs one.13 hundred thousand vary, motor-assisted by state subsidies.

Models like Ather 450X/Plus, Okinawa Praise, Pure heat unit Pluto, easy Energy One, TVS iQube and Bajaj Chetak square measure witnessing a stimulating worth play once writing paper aforementioned its S1 and S1 professional models would be sold for Rs ninety-nine,999 and Rs…

New Delhi, India: Mylab Discovery Solutions announced on Monday that it has purchased a controlling stake in Sanskritech, a point-of-care startup, for an unknown sum. From November 2021, the business expects to install point-of-care testing systems through lab partners at doctor’s offices, nursing homes, community health centers, airports, and other locations to enable patients to receive test results faster and at a reduced cost, according to a statement from Mylab.

Hasmukh Rawal, managing director of Mylab Discovery Solutions, said, “This acquisition would help us to further reinforce our efforts to make point-of-care testing available everywhere in India, including a rural…

WinZO, a social gaming platform for regional languages, has established a $20 million fund for the Indian game development ecosystem. This comes two months after the company raised $65 million in a Series C financing sponsored by Griffin Gaming Partners, a global gaming fund located in California.

In July of this year, WinZO announced a $1.5 million first fund, followed by a $5 million second fund in November of the previous year.

The cash has been distributed among small local and foreign studios that have created close to 70 games that are listed on the startup’s website.

WinZO is an…

“Well begun is half done” A phrase that portraits the vision of achieving goals. Jai Swami was like other children in his childhood, carefree and active. The story began in 2019 when he released the inner potential he had and was determined to polish and put it ahead as a career option. It is well known that moving and shifting is hectic and stressful. Going from one accommodation to another is extremely laborious and messy. Recognizing this common problem breathing among us as an opportunity, Jai Swami kickstarted his voyage with his startup named Packers and Movers Wala.

About the…

The GST Council has approved a proposal to designate food delivery apps like Zomato and Swiggy as eateries and impose a 5% GST on their sales.

This essentially means that these applications would be obliged to collect 5% GST, or Goods and Services Tax, from customers rather than the restaurants from where they pick up orders, according to Finance Minister Nirmala Sitharaman, who spoke after the Council meeting on Friday evening.

End users who order food from establishments that are GST-registered would not be subject to any additional taxes. …

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