India regulator issues notice to Ola Electric over consumer rights concerns

The Central Consumer Protection Authority, India’s consumer rights regulator, has sent a show-cause notice to Ola Electric over alleged violation of consumer rights, escalating troubles for the leading electric vehicle…

Continue ReadingIndia regulator issues notice to Ola Electric over consumer rights concerns

Your-Space’s FY24 revenue, expenses increase by about 20%, losses widen

 Delhi-headquartered startup Your-Space, which provides accommodation to college and university students, on Monday posted a 21% rise in its operating revenue in FY24 to Rs 142.69 crore from Rs 117.16 crore…

Continue ReadingYour-Space’s FY24 revenue, expenses increase by about 20%, losses widen

Whatfix rolls out $58M liquidity event for employees and investors

SaaS major Whatfix has announced its fourth liquidity programme worth $58 million. The Bengaluru-based company has offered an ESOP (employee stock ownership programme) buyback for employees and a secondary sale…

Continue ReadingWhatfix rolls out $58M liquidity event for employees and investors

Yulu turns EBITDA-positive, crosses annual recurring revenue of $30M

Electric mobility company Yulu has reached profitability in earnings before interest, taxes, depreciation, and amortisation (EBITDA) and has crossed an annual recurring revenue of $30 million.EBITDA is a metric that…

Continue ReadingYulu turns EBITDA-positive, crosses annual recurring revenue of $30M

RuPay launch in Maldives, new runaway at airport to ease transaction, boost connectivity

The inauguration of a new runaway in the Maldives built under an airport redevelopment project assisted by India and the official launch of the RuPay card in the island nation…

Continue ReadingRuPay launch in Maldives, new runaway at airport to ease transaction, boost connectivity