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    Can Govt's Company Law Committee Make Doing Business Easier For Startups?

    This committee has been set up for examining and making recommendations to the government The company law committee will be chaired by Injeti Srinivas, secretary of the corporate affairs ministry The committee will submit its recommendations in phases and subject-wise to the government In a media statement on Wednesday (September 18), the Ministry of Corporate Affairs...

    • 29 min ago
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    Tiger Global Invests $23 Mn In Wow! Momo Foods, IAN Gets Partial Exit

    Wow! Momo Foods is estimated to be valued at $120 Mn The company claims to have a monthly revenue run rate of over INR 15 Cr. Plans to focus on a hybrid operational model by combining physical retail stores and cloud kitchens Image Courtesy: JustDial Quick service restaurant chain Wow! Momo Foods has raised Series B funding round from US-based investor Tiger Global. With...

    • an hour ago
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    Google Launches Google Pay Business App, Spot Platform To Boost Offline Retail Play

    Google Pay Business uses video KYC to onboard merchants for UPI payments Spot platform will help merchants come online by creating a virtual store Spot codes will be displayed in partner stores and retail packaging At the Google For India event today, the tech giant has launched the Google Pay for Business app, which makes it easier for merchants to get on board...

    • 2 hrs ago
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    Square Yards Raises $20 Mn From BCCL, Genkai Capital And Others

    It is a real estate aggregation and transaction platform for brokers and buyers This round brings the total equity funding raised by the Square Yards to $50 Mn Real estate sector in India is expected to reach a market size of $1 Tn by 2030 Proptech company Square Yards has raised $20 Mn equity funding round from a clutch of investors including Bennett Coleman & Co Limited...

    • 2 hrs ago
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    As Govt Works On New Ecommerce Rules, Companies Demand A Consolidated Playbook

    Different ministries have been working on different guidelines for these platforms Commerce ministry will be coming up with national ecommerce policies by 2020 All the policies, by different departments, are meant to regulate ecommerce platforms As ecommerce platforms are witnessing restrictions from different ministries, these emarketplaces have been raising the...

    • 3 hrs ago
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    RBI Asks Banks, NBFCs To Stop Sharing Consumer Credit History With Fintech Cos

    Fintech companies partner with banks and NBFCs to access credit bureau data on consumers This data is reportedly accessed by the startups without the consent of consumers Digital lending startups have raised $1.94 Bn in funding between 2015 and Q1 2019 The Reserve Bank Of India has reportedly asked banks and NBFCs (non-banking financial companies) to stop sharing...

    • 4 hrs ago
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    Investments Platform Groww Raises $21.3 Mn in Series B From Ribbit Capital

    Previous investors Sequoia Capital and Y Combinator also participated in this round Groww plans on expanding its workforce with this round of funding The mutual funds investment app claims to have 2.5 Mn users Bengaluru-based wealth management platform Groww has raised $21.3 Mn in Series B funding round led by fintech-focussed investment firm Ribbit Capital. "This...

    • 5 hrs ago
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    Microsoft India Looks To Boost Tier 2 Startup Ecosystem

    Microsoft will engage with innovators and entrepreneurs through a series of outreach programmes Microsoft will work closely with state governments to strengthen the startup ecosystems The startups will receive guidance and mentorship through technology workshops With a conviction of innovation and entrepreneurship in Tier 2 cities, Microsoft India has announced the launch of "Highway...

    • 16 hrs ago
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    Blockchain This Week: Steering Committee Report, IBM's Call For Code 2019 And More

    Fintech committee submits report outlining blockchain applications to the finance ministry Pervasive blockchain deployment across financial services will take at least 3 years, says Gartner Mindtree launches blockchain-based merchant onboarding solution for banks Earlier this month, the finance ministry-constituted a steering committee on fintech led by the then...

    • 16 hrs ago
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    Mastercard, ACPL Invest In Digital Identity Solutions Startup Syntizen

    The company plans to use the funds to strengthen its product offerings It is also looking to expand its services in India and internationally Syntizen's existing client portfolio includes government of Telangana and UP Hyderabad-based digital identity solutions provider Syntizen has raised an undisclosed amount of Pre-Series A funding from global payments technology...

    • 17 hrs ago

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