Notion Dashboard: https://meadow-pillow-7fa.notion.site...

This week funding:https://meadow-pillow-7fa.notion.site...

Funding chart: https://docs.google.com/spreadsheets/...

------------------------------------------------------------------------------------------------------------------------------------------------

00:00 Ola Electric planning to launch electric autorickshaw ahead of IPO
02:05 Pune’s Regional Transport Authority (RTA) rejects Ola and Uber’s aggregator license
03:18 Zepto becomes the first e-commerce platform to introduce a platform fee
04:11 Agam Robotics is open for business
05:21 Impact of Indian Crypto regulations: CoinSwitch revenue declines over 80%
06:28 Big Bang Boom gets an order of Rs 200 crore
07:06 Byju’s update
07:54 Funding news

------------------------------------------------------------------------------------------------------------------------------------------------

Ola Electric planning to launch electric autorickshaw ahead of IPO:

1. Ola is now planning to launch its own electric autorickshaw which could be named “Raahi”.
2. It is expected that Ola Electric will be making the announcement by the end of this month.
3. Ola can significantly boost their revenues and make their IPO even more attractive to investors.

------------------------------------------------------------------------------------------------------------------------------------------------

Pune’s Regional Transport Authority (RTA) rejects Ola and Uber’s aggregator license:

1. Ola seems to be getting into trouble with Pune’s Regional Transport Authority.
2. both Ola and Uber had both applied for an aggregators licence with Pune’s RTA back in December 2023 and their applications had been pending.
3. Finally, the RTA has made up its mind and decided not to grant them the license.

------------------------------------------------------------------------------------------------------------------------------------------------

Zepto becomes the first e-commerce platform to introduce a platform fee:

1. First, it was Zepto Pass and now Zepto has even introduced a platform fee of 2 rupees for select users.
2. But that’s not the only extra fee that Zepto charges.
3. In fact, the company also charges an additional “late night handling fee” of 15 rupees for orders placed after 11 PM.

------------------------------------------------------------------------------------------------------------------------------------------------

Agam Robotics is open for business:

1. Karthik has been tinkering with drones since 2020 as a side project.
2. But he came back to India in 2022 after the Indian government banned the import of drones to promote made-in-India drones.
3. After years of hardwork, his company Agam Robotics is now ready with their made-in-India flight controllers.

------------------------------------------------------------------------------------------------------------------------------------------------

Impact of Indian Crypto regulations: CoinSwitch revenue declines over 80%:

1. In FY22, CoinSwitch’s revenue had grown to almost 250 crore rupees.
2. But that revenue number has now dropped by more than 80% to just 45 crore rupees!
3. On top of that, they are making losses of 385 crore rupees.

------------------------------------------------------------------------------------------------------------------------------------------------

Byju’s update:

1. Byju Raveendran gets some relief as the Karnataka High Court extends the interim stay on Byju’s plea against the Extraordinary General Meeting’s decision to remove Byju Raveendran and his family from the company.
2. The relief is provided till the next hearing which is scheduled on 28th March.
3. According to media reports, the company has given up all their office spaces in India expect for their headquarters in Bengaluru to cut down costs and asked their employees to work from home.

------------------------------------------------------------------------------------------------------------------------------------------------

Funding news:

1. Indian startups raised a total of 190 million dollars.
2. Bengaluru-based fintech-focused SaaS startup Perfios raised 80 million dollars in their latest funding round to become India’s second unicorn of 2024 after Krutrim.
3. Noida-based Lithium-ion battery recycling startup Lohum raised 54 million dollars in their series B round.
4. Bengaluru-based healthcare startup Cureskin raised 20 million dollars in their series B round.
5. Mumbai-based Fiona Diamonds raised 720,000 dollars in their seed round.
6. Pune-based Attron Automotive raised 570,000 dollars in their seed round.