Nazara Faces GST Penalty, NCLAT Chennai Judge Recuses, and KRAFTON India & KukuFM Team Up

Info Edge is set to inject up to INR 1,000 Cr into the IE Venture Investment Fund III, signaling a major bet on the startup ecosystem. Meanwhile, Nazara faces a GST demand of INR 5.68 Cr, adding to its financial hurdles, while BYJU’S battles insolvency as the NCLAT Chennai judge recuses himself from a key appeal.

On the regulatory front, ONDC has delayed the rollout of network charges until April 1, giving platforms more time to adjust. In more creative news, KRAFTON India and KukuFM have teamed up to launch the audiobook adaptation of BGMI: Lone Survivor, merging gaming and storytelling for a fresh experience.

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

“Lambi Chalang Ke Liye Thoda Break”: ONDC Postpones Roll Out Of Network Charges Till April 1

ONDC has hit the pause button on its network charges, pushing implementation to April 1 after feedback from stakeholders.

The government-backed digital commerce initiative seems to be treading carefully, balancing innovation with industry concerns. With this delay, platforms get a little more breathing room before the new fee kicks in.

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“Waah, Kya Scene Hai”: KRAFTON India and KukuFM together launch audiobook of BGMI: Lone Survivor

KRAFTON India and KukuFM have teamed up to bring BGMI: Lone Survivor to life as an audiobook, diving deep into a world of survival, power, and betrayal.

Set on the treacherous island of Erangel, the story follows Carlo’s journey from a stranded survivor to a tactical leader. With mercenaries, journalists, and ex-cops in the mix, this is BGMI storytelling like never before.

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“Ab Hogi Kranti, Jai Mahakal”: Info Edge To Invest Up To INR 1K Cr In IE Venture Investment Fund III

Info Edge has secured board approval to invest up to INR 1,000 Cr in IE Venture Investment Fund III, a new scheme under the SEBI-registered Karkardooma Trust.

This move signals a deepening commitment to backing early-stage ventures, even as market conditions remain uncertain. With its track record in startup investments, Info Edge appears set to further shape India’s entrepreneurial landscape.

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“Bhaari Mistake Ho Gayil Ba”: Nazara Gets GST Demand Notice Of INR 5.68 Cr

Nazara Technologies has been slapped with a GST demand notice of INR 5.68 Cr over delayed export proceeds, but the gaming giant plans to challenge the order.

The timing is notable, coming just as its subsidiary NODWIN Gaming expands with the $5.5 Mn acquisition of StarLadder. While legal battles loom, Nazara’s global gaming ambitions remain firmly on track.

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“Ye Raaz Bhi Uske Saath Chala Gaya”: BYJU’S Insolvency As NCLAT Chennai Judge Recuses Himself From Hearing Riju Raveendran’s Appeal

BYJU’S insolvency saga takes another turn as NCLAT Chennai’s Justice (retd) Sharad Kumar Sharma recuses himself from hearing Riju Raveendran’s appeal.

The case, challenging the inclusion of Glas Trust and Aditya Birla Finance in the proceedings, now faces further delays. As the edtech giant fights for survival, the legal maze only seems to deepen.

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1. Myntra has secured an $81 Mn cash infusion from Flipkart, marking another internal boost for the fashion platform. This follows last year’s $339 Mn injection, signaling Flipkart’s continued commitment to strengthening Myntra’s market play.
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2. Femtech brand Nua has raised INR 35 Cr, led by Mirabilis Investment Trust, to fuel its retail and product expansion. With backing from investors like Colgate Palmolive’s Samir Singh, Nua aims to broaden its presence across marketplaces, quick commerce, and offline stores.
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3. Astra Security has raised $2.7 Mn in a funding round led by Emergent Ventures to enhance its cybersecurity solutions for enterprises. With support from investors like Neon Fund and Blume Ventures, the SaaS platform aims to strengthen its market presence.
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4. Fitspire, a Delhi-based health nutrition brand, has secured $1 million in pre-Series A funding from Anant Agarwal, the MMG Group, and angel investors. The capital will drive expansion, brand building, and new product lines as it targets a slice of India’s $11.85 billion nutrition market.
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5. Y-Combinator-backed neo-banking startup Infinity has raised $1.9 million in pre-seed funding, with support from investors like Liquid 2 Ventures and Script Capital. The capital will fuel its mission to provide tailored banking solutions for MSMEs.
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6. PlaySuper has raised $500k in seed funding to accelerate product development, expand market reach, and enhance its B2B team. The company plans to enter Southeast Asia within six months, followed by MENA and LATAM markets.
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