🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Sebi halts operations of three online platforms selling unlisted bonds; orders probe

Economic Times

Economic Times · 9m ago

Sebi halts operations of three online platforms selling unlisted bonds; orders probe

The Securities and Exchange Board of India (Sebi) has ordered three online platforms, Altgraaf, Tap Invest, and Stable Investments, to halt their unlisted bond sales services due to concerns of fraud and non-compliance with regulatory norms. Sebi discovered that these platforms were facilitating the public sale of privately placed securities, bypassing the required regulations. They were also found to be giving the impression of regulatory compliance to their customers. Sebi will be conducting further investigations into the matter.

Related News

Exclusive: BluSmart crisis likely to draw Sebi heat on unlisted bond market

Economic Times

Economic Times · 4m ago

Exclusive: BluSmart crisis likely to draw Sebi heat on unlisted bond market

The BluSmart Mobility crisis, involving the sale of over Rs 100 crore in unlisted, unsecured bonds, has prompted potential regulatory scrutiny from SEBI over the unlisted bond market. The market predominantly facilitated by fintech platforms faces accusations of mis-selling high-risk products to investors. SEBI is expected to tighten norms and increase oversight, possibly imposing fines. This scrutiny aims to protect retail investors by limiting their exposure to such high-risk securities.

Sebi warns public against unregistered platforms offering unlisted debt securities

Economic Times

Economic Times · 8m ago

Sebi warns public against unregistered platforms offering unlisted debt securities

Investors are being warned against using unregistered online platforms that offer unlisted debt securities, according to India's markets regulator, SEBI. These platforms lack regulatory oversight, investor protection mechanisms, and grievance redress systems. SEBI notes that offering unlisted securities to more than 200 investors violates regulations. The regulator has issued an interim order against some of these platforms and urges investors to use only registered online bond platforms operated by authorized stockbrokers. Disputes arising from transactions on unregistered platforms will not be covered by SEBI or exchange grievance mechanisms.

BluSmart bond holders may invoke immediate repayment provisions

Economic Times

Economic Times · 4m ago

BluSmart bond holders may invoke immediate repayment provisions

Investors in BluSmart Mobility's bonds are invoking 'Event of Default' provisions due to governance issues at the electric cab service. The company raised over Rs 100 crore through non-convertible debentures but delayed payments and potential defaults are worrying investors. Creditor concerns that BluSmart's fleet isn't proper collateral exacerbate the situation. With allegations of fund misuse and whistleblower complaints against affiliate Gensol Engineering, investors question the platforms selling these unlisted bonds despite existing red flags.

Stable Money secures online bond platform licence from Sebi

Economic Times

Economic Times · 1y ago

Stable Money secures online bond platform licence from Sebi

Bengaluru-based startup Stable Money has obtained a license from the Securities and Exchange Board of India (Sebi) to operate an online platform for selling company bonds. The Matrix Partners-backed company, previously focused on fixed deposits, aims to diversify investment options by introducing corporate bonds to its portfolio. The license enables Stable Money to offer a broader range of investment opportunities and allows retail investors access to the bond market. The startup had raised $5 million in its first equity funding round in August 2021.

SEBI Bars 3 ‘Unregistered’ Online Platforms From Selling NCDs

Inc42 · 9m ago

SEBI Bars 3 ‘Unregistered’ Online Platforms From Selling NCDs

SEBI is conducting an investigation to determine if three unregistered online platforms violated regulations by offering services without a license. The market regulator expressed concerns about the potential risks to the public if unauthorized platforms are allowed to operate without any oversight. According to SEBI rules, all Online-Based Portfolio Management Services (OBPPs) must be registered as stock brokers in the debt segment of recognized stock exchanges.

Credit rating firms seek govt intervention over regulatory void on ₹1 L cr unlisted debt

Economic Times

Economic Times · 2m ago

Credit rating firms seek govt intervention over regulatory void on ₹1 L cr unlisted debt

Credit rating firms in India are seeking the intervention of the corporate affairs and finance ministries due to regulatory ambiguities over rating unlisted securities worth over ₹1 lakh crore. The confusion arises because the Securities and Exchange Board of India (SEBI) regulates only listed securities, leaving a gap for unlisted debts, including company fixed deposits. Rating agencies need clarity on whether they can apply existing SEBI rules to unlisted securities.

10,000 drivers stranded after BluSmart halts operations, seek dues

Inshorts · 4m ago

10,000 drivers stranded after BluSmart halts operations, seek dues

Over 10,000 drivers are reportedly left without income or clarity about their employment status after ride-hailing startup BluSmart suspended its operations. Many drivers are waiting for their pending payments and weekly incentives, the Gig Workers Association (GigWA) said. BluSmart halted operations amid an ongoing SEBI probe into its key EV partner Gensol Engineering.

BluSmart crisis: Green mobility’s red flag is giving HNIs bond blues

Economic Times

Economic Times · 4m ago

BluSmart crisis: Green mobility’s red flag is giving HNIs bond blues

High net-worth individuals (HNIs) and retail investors face uncertainty over BluSmart Mobility bonds, sold via fintech platforms like Yubi, Centricity, and Klub, as BluSmart halts operations and struggles with cash flow issues. The electric cab-hailing company’s failure to secure $50 million in funding and an ongoing investigation by Sebi into Gensol Engineering compound repayment concerns for bondholders, who fear repayment delays and defaults despite reassurances from BluSmart's founder.

Mystery 'Big Client' in SEBI's Ketan Parekh probe points to Tiger Global

YourStory

YourStory · 7m ago

Mystery 'Big Client' in SEBI's Ketan Parekh probe points to Tiger Global

The Securities and Exchange Board of India's (SEBI) investigation revealed that Tiger Global was the largest institutional investor selling PB Fintech shares on a day when traders allegedly had prior knowledge of a significant sale. SEBI claims former stockbroker Ketan Parekh's network profited from this information leaked by consultant Rohit Salgaocar. Tiger Global's funds sold 12.7 million shares on November 11, 2022, but there is no evidence linking them to any wrongdoing.

Direct commerce grew to 15% of ecommerce market from 2-3% in 5 years, says Shiprocket CEO

Economic Times

Economic Times · 1y ago

Direct commerce grew to 15% of ecommerce market from 2-3% in 5 years, says Shiprocket CEO

Direct commerce in India, which involves selling products online directly through brand websites and apps, has grown to account for 15% of the country's ecommerce market, according to Shiprocket CEO Saahil Goel. This is a significant increase from the 2-3% share it held five years ago. Shiprocket's report on online selling by micro, small, and medium enterprises (MSMEs) also revealed that a majority of orders (around 71%) originate from non-metro areas. The report further highlighted that the personal care category accounted for 27% of total orders in Q1 2024, followed by apparel and footwear at 20%. The share of discounted orders has also increased to 68%, indicating the reliance on promotional activities.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Just Months After Promotion, Open ...

Exclusive: Robotics startup Miko ...

“Your Phone Is Outdated”: Sam Alt ...

Download the medial app to read full posts, comements and news.