Amazon India Planning Something Big, ED’s Cracking Down On Gambling Apps, Ola Electric's Shares Go Sky High and more

Amazon India is considering a bold move by launching a standalone platform for Amazon Pay, aiming to boost its visibility beyond the e-commerce app. Meanwhile, the Enforcement Directorate is cracking down on offshore gambling apps, tightening the noose on a cross-border racket. In venture capital, Aviral Bhatnagar has launched AJVC to back pre-seed startups, filling a crucial funding gap.

SEBI has tasked the Investor Standards Forum with crafting standardized KPIs for IPO disclosures, as transparency becomes key in today's market. Finally, Ola Electric's shares have hit a record high, reflecting strong investor confidence despite rising losses.

Grab your simmering cup of StartupChai and unwind with our hand-brewed memes.

What Matters

“Nagar Mein Dhindhora Pitwa Do Mama”: Ola Electric Shares Jump 10% To Touch An All-Time High Of INR 146.03

Ola Electric's shares soared by 10%, reaching an all-time high of INR 146.03, as the company continues its upward momentum. This rally follows last week's buzz when the stock hit a 20% upper circuit after Ola Electric made its move into the e-bike segment.

Despite widening losses in Q1 FY25, investor enthusiasm remains strong under Bhavish Aggarwal's leadership.

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“Waah, Tera Kya Kehna”: Amazon India Mulling Launch Of Separate Platform For Amazon Pay

Amazon India is reportedly cooking up a big change for its digital payments arm, Amazon Pay. Word is, they're considering launching a standalone app to give Amazon Pay a more prominent spotlight outside of its current home in the e-commerce app.

This move could make it easier for users to tap into Amazon Pay's diverse offerings—from paying bills to buying digital gold—all in one dedicated space.

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“Ab Teri Khair Nahi”: ED Tightening Noose On More Than Two Dozen Offshore Gambling Apps

The Enforcement Directorate (ED) is cracking down on over two dozen offshore gambling apps suspected of funneling and laundering massive sums of money. These apps, mostly run from places like the UAE and Sri Lanka, have reportedly caused gamblers in India to lose a staggering INR 1 Lakh Cr.

With telecallers and bookies on the ground in India, the ED is tightening the noose on this cross-border racket.

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“Kaddu Katega, Sab Mein Batega”: Aviral Bhatnagar Floats VC Firm AJVC To Back Pre-Seed Startups

Aviral Bhatnagar is stepping into the spotlight with his new venture capital firm, AJVC, aimed at supporting pre-seed startups in India. Spotting a gap where many founders struggle to secure their first round of funding, Bhatnagar is on a mission to change the game.

With SEBI’s green light on AJVC’s first fund, he joins a growing trend of VC professionals launching their own firms to back early-stage innovation.

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“Babuji Zara Dheere Chalo”: SEBI Directs ISF To Evolve Standard KPIs For IPO Prospectus

SEBI has given the Investor Standards Forum (ISF) a crucial task, crafting standardized KPIs for IPO prospectuses that go beyond just the usual financial metrics.

As startup and digital company listings surge, the ISF is working to ensure these new KPIs align with SEBI regulations, aiming for greater transparency in the IPO process. This move highlights the growing importance of clear and relevant disclosures in today's fast-evolving market.

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1. Zomato shares surged 6% intraday, hitting a 52-week high, fueled by excitement over its new ‘Group Ordering’ feature. Though the stock later eased slightly, it still traded up at INR 270.70, reflecting strong investor confidence.

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