Combating OTP frauds; Ather’s new funding round
by ETtech.com
ETtech.com— Happy Tuesday! The government is working with SBI Card and telecom companies to tackle the menace of OTP-based online payment frauds. More on this in today’s ETtech Morning Dispatch.Also in the letter:■ WeWork to sell 27% stake in India unit■ Europe is a hotspot for Indian IT M&As■ Peak XV MD to leave VC fund Centre, SBI Card, telcos come together to tackle OTP frauds 109515406The government has teamed up with SBI Card, the credit card business of State Bank of India and telecom...
ETtech.com—Innovaccer’s new funding round; ONDC’s logistics push. Happy Thursday! SaaS startup Innovaccer is in discussions to raise funding at a flat valuation of $3 billion. This and more in today’s ETtech Morning Dispatch.Also in this letter:■ Companies help employees amid the heatwave■ Former BharatPe COO launches venture fund■ Ecom Express posts spike in FY23 revenueKaiser Permanente may steer $250 million funding in SaaS unicorn Innovaccer 109767663Software-as-a-service (SaaS) startup Innovaccer is in the middle of raising a $200-250 million...
ETtech.com—Ather Energy: Ather eyes new round, Nikhil Kamath buys big part of Sachin Bansal’s holding. Electric two-wheeler maker Ather Energy is in talks for raising a “significant round of funding” in a mix of primary and secondary share sale, said people with knowledge of the development.Existing investor, Flipkart cofounder Sachin Bansal, has sold a significant part of his holding in the company to Zerodha cofounder Nikhil Kamath, they said, adding that Kamath may buy out Bansal’s remaining stake in the firm. Ather Energy is also finalising plans to raise $75-90 million (about Rs 750 crore)...
Music Business Worldwide—From Universal’s TikTok deal to Blackstone’s bid for Hipgnosis Songs Fund it’s MBW’s Weekly Round-Up. The five biggest stories to hit our headlines over the past seven days Source