Paytm’s Sorrows, Angel One’s Data Breach, and Bajaj Takes Pole Position

Paytm faces fresh trouble as the ED slaps it with a show-cause notice over alleged FEMA violations, while Flipkart pulls the plug on ANS Commerce just three years post-acquisition. Meanwhile, US-based Xurrent snaps up Zenduty to bolster its incident management game, and Angel One scrambles to reassure clients after a data breach sent its stock tumbling. Over in the EV space, two-wheeler registrations hit a 10-month low, but Bajaj still takes pole position.

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

“Hum Surakshit Hai”: Angel One Suffers Data Breach, Says Client Accounts Secure

Angel One has suffered a data breach but insists that client accounts, funds, and credentials remain secure.

Despite the reassurance, investors weren’t convinced, as the brokerage firm’s stock slipped nearly 5% on the BSE. Cybersecurity concerns continue to haunt India’s fintech space, and this incident only adds to the growing unease.

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“Buland Bharat Ki Buland Tasveer”: EV Two-Wheeler Registrations Slip 27% MoM In February, Bajaj Takes Top Spot

India’s EV two-wheeler market hit the brakes in February, with registrations dropping 27% month-on-month to a 10-month low.

Despite the slowdown, Bajaj managed to race ahead, securing the top spot in the segment. With policy shifts and market fluctuations, the road ahead for EV makers looks anything but smooth.

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“Ye Toh Phass Gaya”: Paytm Gets Notice From ED For Alleged FEMA Violations

Paytm finds itself under regulatory scrutiny once again, this time with a show cause notice from the Enforcement Directorate over alleged FEMA violations amounting to ₹611 crore.

The notice, issued to One 97 Communications and two of its subsidiaries, raises concerns over potential lapses in foreign exchange compliance. As the digital payments giant navigates yet another legal hurdle, questions loom over its regulatory track record.

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“Hum Saath Saath Hai”: Titan Capital-Backed Zenduty Acquired By US-Based Xurrent

US-based Xurrent has acquired Titan Capital-backed Zenduty, bringing the Indian startup’s incident management tech into its fold.

Zenduty, known for its real-time alerts and automated war rooms, will now power Xurrent’s push for faster and more accountable crisis response. For Zenduty, this marks a major leap from a 2019-founded startup to a key piece in a global enterprise play.

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“Khatam Tata Goodbye”: Flipkart Shuts ANS Commerce 3 Years After Its Acquisition

Three years after acquiring ANS Commerce to boost its D2C game, Flipkart is pulling the plug on the SaaS platform.

The Walmart-owned giant says it will offer internal roles, severance, and outplacement support to affected employees. For ANS Commerce, it’s the end of a run that once promised to reshape digital storefronts in India.

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