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VAULD LETTER
Transaction declined: why Prosus dropped $4.7B BillDesk buy; deal had $50-100M breakup feeThe merger was expected to create an online payments gateway juggernaut that would process $147 billion in annualised total payments value ...- ED freezes another Rs 370 crore in crypto probe; EarlySalary eyes $100M fundingThe ED says it has frozen assets worth Rs 370 crore of a Bengaluru company that parked its funds with the crypto exchange Flipvolt and used...
- Sequoia sells 2% of Zomato; CoinDCX marks DeFi foraySequoia was one of the early backers of Zomato and now holds a 4.4% stake in the company.
- ED raids CoinSwitch Kuber; car makers scramble for EV talentCoinSwitch, which is backed by the likes of Andreessen Horowitz and Sequoia Capital India, has over 18 million registered users. According ...
- ED freezes Rs 370 crore of bank, crypto balances of Bengaluru ‘shell company’The ED said it had conducted searches at several premises linked to the company, Yellow Tune Technologies Pvt. Ltd, over three days startin...
- Internal Meta study shows why Indian women shun Facebook; Maruti Suzuki wants govt to look beyond EVsAlmost 80% of female Facebook users in India had expressed concern about their photos and other content being misused. Rampant nudity was a...
- PharmEasy may take 25% valuation cut; B Capital raises $250M for early-stage betsPharmEasy is ready to take a valuation cut of up to 25% to bag $200 million from investors amidst the ongoing funding winter, sources told ...
- Lightspeed closes $500M fund for India, SE Asia; Vivo asks ED to unfreeze accountsSilicon Valley venture capital firm Lightspeed Venture Partners has closed its latest fund for India and Southeast Asia at half a billion d...
- Vauld discloses shortfall of $70 million in letter to creditorsVauld said it had assets worth $330 million and liabilities worth ~$400 million at the group level.
- ED summons crypto execs; startup valuations drop sharplyED has issued notices to a few crypto firms and summoned their top executives as it probes alleged violations of India’s foreign exchange l...
- Twitter sues Indian govt; ED raids Vivo offices in money-laundering caseLast week we reported that the Indian government had given Twitter until July 4 to heed its takedown requests or lose immunity from prosecu...
- Startup funding dips 37% in Q2; govt 'unsure' of Vedanta-Foxconn chip expertiseEven though early-stage deals retained their momentum from the previous quarter, total venture capital for Indian startups fell to just $6....
- Another crypto firm freezes withdrawals; Byju’s says Aakash payments doneThe Singapore-based crypto platform Vauld said earlier today it has frozen withdrawals and trading
- Now, Twitter flags India’s data bill; Yulu’s pandemic pivotAlphabet has raised similar concerns about data storage without naming any country. Now, Twitter has said in a filing that it, too, is conc...
- What are 51% attacks in cryptocurrencies?'51% attack', which has evolved in recent years and has been quite successful. Numerous 51 per cent attacks have taken place in recent year...
- Microsoft checks in to OyoMicrosoft has finalised a strategic investment in Softbank-backed Oyo Hotels & Homes.
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