Flipkart Revamps Rates, Digit Shooting For Stars, Hanooman Breaking Barriers And More

Flipkart revamps seller rates for clarity, Digit eyes big IPO, and Ex-BharatPe exec gears up with a hefty fund. Plus, Zeta amps up banking with UPI credit, while NPCI mulls over UPI cap extension. Quick commerce dazzles with Akshaya Tritiya specials, while legal battles brew over image removal. Groww's back home, and Hanooman breaks barriers in GenAI with 98 languages.

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

What Matters

“Sellers Ki Balle Balle”: Flipkart Modifies Rate Card For Sellers To Boost Clarity On Settlement

Flipkart's sprucing up their rate card for sellers, making things crystal clear. From May 18, sellers will see just two components: fixed and commission fees, simplifying the whole shebang.

Plus, Flipkart's promising top-notch support and regular webinars are scheduled to keep sellers in the loop.

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“Machli Ki Aaankh”: Digit Sets IPO Price Band At INR 258-272, Aims To Raise Over INR 2,600 Cr

Digit Insurance is making waves with its IPO priced between INR 258-272. The startup aims to secure over INR 2,600 Cr, targeting a wide spectrum of investors.

With bids closing on May 17, the company's hopeful gaze is set on listing by month-end, marking a significant milestone in its journey.

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“Jai Bajrang Bali”: Hanooman, India largest groundbreaking GenAI platform now live in 98 languages

Get ready to dive into the world of Gen AI with Hanooman, the brainchild of 3AI Holding Limited and SML India. Boasting around 98 languages, including 12 Indian ones, this platform is making waves as the largest multilingual hub.

With its affordable rates and homage to Lord Hanuman, it's set to revolutionize India's Gen AI landscape by embracing the nation's rich linguistic culture.

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“Kaddu Katega, Sab Mein Batega”: Ex-BharatPe CBO Pratekk Agarwaal’s GrowthCap Ventures To Close Maiden INR 50 Cr Fund In 2 Months

Pratekk Agarwaal's GrowthCap Ventures is gearing up to close its debut INR 50 Cr fund in just two months, with half already secured. Eyeing investments in 10-12 startups this year, they've already backed Advance Mobility, a sustainable player in the ride-hailing sphere.

Agarwaal's vision extends further with plans for a robust INR 250 Cr growth stage VC fund dubbed 'Winners Fund', slated for launch next year.

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“Touch The Skies”: Zeta Rolls Out UPI-Integrated Credit As-A-Service Product For Banks

Zeta's making banking buzz with its UPI-integrated Credit As-A-Service product, leveraging NPCI's credit line on UPI to fast-track credit issuance across India. With transaction volumes forecasted to soar beyond $1 trillion by 2030, it's a game-changer in the fintech landscape.

Co-founded by Bhavin Turakhia and Ramiki Gaddipati, Zeta's omnistack platform continues to innovate, empowering financial institutions.

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“Babuji Zara Dheere Chalo”: NPCI Likely To Extend UPI Market Cap Deadline By Another Two Years

Looks like NPCI might give UPI players a breather by extending the market cap deadline for another two years. Sources hint that NPCI isn't keen on axing the cap entirely. With giants like PhonePe and Google Pay needing more time to adjust without dampening UPI's growth, it seems like a sensible move.

Originally introduced in November 2020, these guidelines aimed at capping third-party app providers' market share at 30%.

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“Ek Baar Jo Maine Commitment Kar Di”: Delhi High Court asks Microsoft, Google to file review petition against order to remove non-consensual intimate images

Looks like Google and Microsoft are in a bit of a pickle with the Delhi HC, as they've been asked to review a previous order about removing non-consensual images.

The tech giants argue they lack the tech to spot such images without specific URLs. Back in April 2023, the court had directed them to block such content without URLs, setting the stage for a legal showdown.

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“Tu Samjha, Nahi Tu Samjha Nahi”: Quick Commerce Platforms To Deliver Gold & Silver Coins In 10 Minutes On Akshaya Tritiya

This Akshaya Tritiya, alongside deity photos, fresh blooms, and puja goodies, Swiggy Instamart and Zepto are teaming up with jewelry giants like Malabar Gold and Diamonds, Muthoot Exim, and Nek to make your festivities gleam brighter.

It's not just about speed; selling gold coins adds a touch of opulence to tech companies' balance sheets, elevating their allure in the market.

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“Ghar Aaya Pardesi”: Groww moves domicile to India from the US

Groww, the investment tech unicorn, has made a bold move by shifting its domicile back to India from the US, as announced by CEO Lalit Keshre.

While this trend of moving home base is catching on among Indian startups, it's fascinating to see the financial implications, PhonePe's move reportedly cost a whopping INR 8,000 Cr.

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