Ola Electric has received a show cause notice from the Central Consumer Protection Authority due to numerous customer complaints regarding scooter quality, manufacturing defects, and overcharging.
Hindenburg Research received a show-cause notice from the Securities and Exchange Board of India (SEBI) on June 27, 2024.
Hindenburg has dismissed the notice as 'nonsense' and an attempt to silence and intimidate those who expose corruption and fra
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Sanskar
Stealth • 2m
MapMyIndia has just sent a legal notice to Ola electric.
MapMyIndia provided navigation services for Ola's S1 pro electric scooter and they had a 2021 agreement on this that strictly forbid copying or reverse engineering any of MapMyIndia's data.
B
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Saksham
Stealth • 3m
I have my brand's trademark (TM) registered but didn't retain the lawyer/law firm for brand maintenance & protection. Well, we recently faced a similar matter. Here's the story:
Recently, we helped a founder of Bangalore-based Chai Cafe Chain navig
Top News Of the Day:
1. Digital banking infrastructure company M2P Fintech has raised Rs 35 crore debt from Anicut Capital. This appears to be the first debt round for the Chennai-based company.
2. Audio series platform Pocket FM announced that the
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Harsh Dwivedi
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Medial • 2m
Top News of the Day:
1. Beverage startup Latambarcem Brewers (LB Brewers) has secured $1.5 million (Rs 12.5 crore) in a pre-Series A round co-led by SPV
2. Hero Vired, the online education company owned by the Hero Group, has appointed Prakhar Kasa
Top News of the Day:
1. Meme-based dating platform Schmooze has raised $4 million in a Series A funding round led by Elevation Capital.
2. Indian electric scooter manufacturer, Ola Electric, has been facing mounting complaints from customers, recei
Top News of the Day:
1. Chennai-based fintech unicorn Yubi Group has made several key appointments within its group companies
2. EV Startup Matter raises $35 million in ongoing Series B round
3. SoftBank-backed Indian e-scooter maker, Ola Electric
Summing Up this Week:
1. Indian startups registered $151 million in VC funding across 23 deals, compared with the $210 million they raised last week.
2. IPO-bound Ola Electric bagged the biggest cheque this week, securing $50 Mn in debt funding fro
Top News of the Day:
1. Jio In Talks To Use Meta’s VR Software For A Potential VR Device
2. Japanese investment conglomerate SoftBank is exercising caution as it faces market volatility after investing heavily from its Vision Fund.
3. Star India,
Top News of the Week:
1. Funding:
- 31 Indian startups raised around $336.45 million in funding this week. These deals count 11 growth-stage deals and 18 early-stage deals. Moreover, two early-stage startups kept their transaction details undisclo