SEBI Tightens IPO Norms, InsuranceDekho In Final Talks, Amazon Launches 'Creator University' and more

RBI's draft guidelines stir digital payment concerns, SEBI accelerates IPO clearances, InsuranceDekho eyes majority stake, Flipkart to offer ONDC restaurant food deliveries, Amazon unveils 'Creator University' & 'Creator Connect', while Baron Capital slashes BYJU'S valuation dramatically.

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What Matters

“Kaafi Romanchak Khel”: RBI's New PA Draft Guidelines Spark Concerns In Digital Payments

The RBI's new PA draft guidelines have stirred up quite a humdrum in the digital payment’s world, especially with the stringent KYC compliance and the ban on direct vendor payments causing jitters. Just last week, industry leaders huddled with RBI officials, highlighting these challenges in a detailed presentation.

Everyone's now eagerly waiting to see if the RBI will make any tweaks to address these concerns and keep the digital payments momentum going strong.

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“Ajeeb Vidambana Hai”: SEBI Tightens IPO Disclosure Norms For Faster Clearance

SEBI's got the IPO world buzzing by tightening disclosure norms for faster clearance. Now, lead managers need to cover more details when filing draft documents, covering everything from pre-IPO placements to ESOP allottees.

Besides, SEBI's already slashed the average clearance time to under three months this year, speeding up the journey from draft to debut.

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“Spread Your Little Wings And Fly Away”: InsuranceDekho In Final Talks To Pick Up Majority Stake

InsuranceDekho is in the final innings to snag a majority stake, aiming to bolster its prowess in selling credit products. This share swap deal will see BankSathi shareholders bagging stakes in InsuranceDekho, marking its third acquisition after scooping up IRSS and Verak.

It's a strategic move that promises to rev up their market presence and broaden their financial service offerings.

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“Bon Appétit”: Soon, Flipkart Users Can Get Food Deliveries From ONDC Restaurant

Soon, Flipkart users will be able to order their favorite meals from Domino's and McDonald's right through the Flipkart app, thanks to a tie-up with ONDC restaurants.

This move is set to make Flipkart's food delivery service more budget-friendly, riding high on ONDC's impressive growth, which saw 89 lakh transactions in May across retail and ride-hailing.

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“Padhega India, Badhega India”: Amazon Launches 'Creator University' & 'Creator Connect’

Amazon's rolling out 'Creator University' and 'Creator Connect' to help creators shine on its marketplace with video tutorials, actionable insights, and engaging workshops. Creator Connect will also host in-person events to attract fresh talent to the Amazon Creator Program.

Despite Amazon India’s marketplace arm facing a 33% increase in net loss to INR 4,854.1 Cr in FY23, these initiatives aim to boost engagement and revenue, which saw a modest 3.4% rise to INR 22,198 Cr.

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“Dukh, Dard, Peeda”: Baron Capital Slashes BYJU’S Valuation By 99%

Baron Capital just delivered a shocker by slashing BYJU'S valuation by a staggering 99.85% to $120 million. They've valued their shares in the Baron Emerging Markets Fund at $75,485 and in the Baron Global Advantage Fund at $45,294, reflecting a massive drop.

This dramatic markdown mirrors the broader unease over BYJU'S plummeting valuation, a far cry from its peak of $22 billion.

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1. Cleantech SaaS startup LogicLadder has secured $2.5 million from Big Bang Capital and Zerodha's Rainmatter to fuel its expansion in South Asia and North America. This funding boost will help LogicLadder enhance its offerings and reach more enterprises globally.

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2. Aegeus Technologies, an IoT-driven green robotics solutions provider, has raised an undisclosed amount from Caspian Debt to boost working capital and expansion. The funds will help enhance their AI and ML-powered solutions for solar plant operations and maintenance.

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