Tata Digital Limited, a 100% subsidiary of Tata Sons Private Limited, to acquire majority stake in digital health company 1MG Technologies Private Ltd. (“1MG”).

This is a developing story. Please check back later for more details. 


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Influencer led e-commerce platform Shop101 to be acquired by Glance

Until last month, many startups had teams such as sales and marketing work from the office or warehouses, while product and tech teams worked from home in the last few months, but companies are now telling all employees to stay home home once again. (Image: Shutterstock) Content discovery platform Glance,…

Read more: Influencer led e-commerce platform Shop101 to be acquired by Glance

Zerodha's Nikhil Kamath accused of cheating against Viswanathan Anand in chess game, banned from platform

Zerodha co-founder Nikhil Kamath defeated world champion and grandmaster Viswanathan Anand in a charity chess game using help from in-game analysts and computers, a fact he disclosed only after Chess.com banned him for cheating and winning. Anand was playing virtual chess games versus celebrities such as actor Aamir Khan, cricketer…

Read more: Zerodha's Nikhil Kamath accused of cheating against Viswanathan Anand in chess game, banned from platform

Karnataka High Court order latest in a string of legal troubles for Amazon in India

CAIT has launched an ‘e-commerce purification week’ from June 14 to June 21, against Amazon, Walmart-owned Flipkart and many other foreign-funded e-commerce companies. (Representative Image) Amazon and Flipkart face an investigation by the Competition Commission of India after the Karnataka High Court last week allowed the anti-trust watchdog to go…

Read more: Karnataka High Court order latest in a string of legal troubles for Amazon in India

Byju's becomes India's most valued startup at $16.5 billion with UBS, Blackstone funding

Byju’s founder Byju Raveendran. Online learning firm Byju’s has become India’s most valuable internet startup with a valuation of $16.5 billion in its current funding round, surpassing fintech firm Paytm’s $16 billion valuation. Byju’s has raised $350 million from UBS, private equity giant Blackstone, Abu Dhabi state fund ADQ, Phoenix…

Read more: Byju's becomes India's most valued startup at $16.5 billion with UBS, Blackstone funding

PhonePe files complaint with Sebi against Ventureast fund over Indus OS

PhonePe says it has approached Sebi to look into ethical violations and dereliction of VPF’s fiduciary duties to protect the interests of OSLabs. Walmart-owned PhonePe‘s attempt to acquire mobile operating system startup Indus OS took a new turn, with the payments firm filing a complaint with markets regulator Sebi against Ventureast Proactive Fund-II…

Read more: PhonePe files complaint with Sebi against Ventureast fund over Indus OS

E-commerce players flouting norms, revise FDI guidelines, CAIT tells govt

The judgement allows CCI to continue its investigation against the two marketplaces under Section 3 of the Competition Act which deals with anti-competitive agreements. The Confederation of All India Traders (CAIT) on June 12 urged the government to revisit the foreign direct investment norms for e-commerce players, a day after…

Read more: E-commerce players flouting norms, revise FDI guidelines, CAIT tells govt

CCI to continue its probe against Amazon, Flipkart: Here are some key arguments made in the case

The judgement allows CCI to continue its investigation against the two marketplaces under Section 3 of the Competition Act which deals with anti-competitive agreements. In what comes as a blow to e-tailers Amazon and Flipkart, the Karnataka High Court on June 11 dismissed their petition to quash the probe by…

Read more: CCI to continue its probe against Amazon, Flipkart: Here are some key arguments made in the case

ETtech Deals Digest: A week of SaaS and Super App ambitions

Tata Digital, a wholly owned subsidiary of India’s largest conglomerate, wrapped up two startup deals this week, while SaaS startups clocked the biggest funding rounds. Whatfix’s $90 million funding SoftBank Vision Fund II has led a $90-million funding round in Whatfix. Valuation quadruples: The new funding round values the Bengaluru-…

Read more: ETtech Deals Digest: A week of SaaS and Super App ambitions

Karnataka High Court dismisses writ petition of Amazon, Flipkart

Karnataka High Court verdict likely today; here's all you need to know about CCI vs Amazon-Flipkart case

Byju’s-owned WhiteHat Jr will launch music, science & English classes

$300 million, 10 startups and a dream: Decoding the secretive Thrasio-model by Indian startups 

COVID-19 impact | BookMyShow lays off 200 employees; seeks outplacement

Software startup Slintel raises $20 million led by GGV Capital

Indian conglomerate Tata Group buys local e-healthcare platform 1mg

Cult.fit acquires Tread to launch fitness hardware-at-home business

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