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    What Made IPO-Bound CarTrade India's Only Profitable Automobile Marketplace In FY20?

    On a consolidated level, CarTrade reported revenue of over INR 318 Cr, which resulted in a net profit of INR 31.2 Cr, outshining its rivals in the market The company's profit before tax margin has improved from 12.22% to March 2020 to 14.52% in December 2020, thanks to reduction in advertising expenses With the public offering, CarTrade is making a pure...

    • 3 hrs ago
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    As WhatsApp's Privacy Policy Kicks In, Indian Govt Reiterates Legal Violation

    For now, WhatsApp will not be deleting the accounts of users that have not accepted the policy Indian govt has written to Facebook CEO Mark Zuckerberg and has been awaiting a reply Even CCI is probing WhatsApp's latest privacy policy, which will share meta data with Facebook Instant messaging app WhatsApp informed the Delhi high court today (May 17) that its...

    • 3 hrs ago
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    WhatsApp's Privacy Policy Comes Into Play; Indian Govt Flags Violation

    For now, WhatsApp will not be deleting the accounts of users that have not accepted the policy Indian govt has written to Facebook CEO Mark Zuckerberg and has been awaiting a reply Even CCI is probing WhatsApp's latest privacy policy, which will share meta data with Facebook Instant messaging app WhatsApp informed the Delhi high court today (May 17) that its latest...

    • 3 hrs ago
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    FHRAI To Represent Member Hotels In OYO Insolvency Case

    Hotels associated with FHRAI are claiming non-payment of dues worth INR 72 Cr The total claims registered with IRP against OYO are to the tune of INR 200 Cr, FHRAI says Conclave Infratech had filed an insolvency plea against the OYO subsidiary last month The National Company Law Appellate Tribunal (NCLAT) has allowed the Federation of Hotel and Restaurant Associations of India (FHRAI) to...

    • 4 hrs ago
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    How CarTrade's IPO Will Change The Shareholding Structure In The Company

    CarTrade filed its Draft Red Herring prospectus with SEBI, last week, for its INR 2K Cr IPO Five of the largest stakeholders of CarTrade will be offloading their stake in the proposed IPO CEO Vinay Sanghi has been appointed as the MD of CarTrade for the next five years Mumbai-based online auto classifieds startup CarTrade filed its Draft Red Herring Prospectus (DRHP) with...

    • 6 hrs ago
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    Amazon India Launches Free Video Streaming Service miniTV For Android Users

    Amazon has launched a video streaming service within its shopping app in India The service will feature content creators like TVF, Ashish Chanchlani and Prajakta Koli The service is only available on Android devices for now Global ecommerce giant, Amazon has launched a free video streaming service miniTV within its shopping app in India. The service will provide...

    • 7 hrs ago
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    IPO-Bound Pine Labs Raises $285 Mn At $3 Bn Valuation

    The new round reportedly values Pine Labs at $3 Bn, up from about $2 Bn in a December Existing investors of Pine Labs- Temasek, Lone Pine Capital and Sunley House Capital also participated in this funding round The current round included secondary transactions from founder, employees and early shareholders, said the company Bengaluru based fintech unicorn Pine Labs, said on Monday it has...

    • 10 hrs ago
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    Edtech Startup For Healthcare Practitioners Virohan Bags $3 Mn

    Virohan has raised $3 Mn in Series A funding round led by Rebright Partners The company will use the funding to expand to over 160 new campuses pan India It aims to educate over one million students by the end of 2025 Gurugram-based Virohan, which is an edtech startup providing vocational training for paramedics and allied healthcare practitioners, has raised $3 Mn in Series A...

    • 10 hrs ago
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    Social Audio App Clubhouse To Launch Android Version In India This Friday

    Invite-only viral social audio app Clubhouse will roll out its Android version globally this week Its late entry to the dominant Android market means that it will have to compete with a large number of competitors like Leher, Fireside and Bakstage who have entered the space lately In an Android heavy Indian market, having an Android presence is relevant for market reach ...

    • 11 hrs ago
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    B2B Marketplace Moglix Enters Unicorn Club With $120 Mn Series E

    The Series E funding round was led by Falcon Edge Capital and Harvard Management Company (HMC) Moglix is the twelfth Indian startup to enter the unicorn club in 2021, with 8 startups entering the club last month Moglix reported a revenue of INR 378 Cr in the FY2020, representing a 74% increase from INR 217 Cr reported in FY19 Image: Sanjay K Sharma, Business Standard Industrial...

    • 11 hrs ago

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