SEBI Tightens Norms, Zomato’s Shares Dip, Ola’s Rejig

SEBI considers tightening norms amid SME IPO surge, while Zomato's shares dip post-Q4 results. Ola sees a comeback amidst restructuring, Paytm pioneers PIN-less payments, and NeoFinity shakes up digital payments with NFC tags. Urban Company sees profit, while ecommerce platforms face mandatory review norms.

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What Matters

“Sab Santulan Ka Khel Hai”: Amid Surge In SME IPOs, SEBI Mulls Tighter Norms For Such Listings

Looks like SEBI's getting strategic amidst the SME IPO surge. They're eyeing a hike in minimum size to INR 30-50 Cr to keep things in check. Smart move considering the current scenario.

With tech companies like DroneAcharya and Yudiz joining the SME bandwagon, tighter norms might just be the ticket to maintaining balance in the market.

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“Abhi Toh Party Shuru Hui Hai”: Zomato Shares Decline 6% After Q4 Results

Zomato's roller coaster ride isn't over yet. Shares took a dip by 6% post-Q4 results, now trading at INR 189.40.

Despite a 26.8% spike in PAT to INR 175 Cr, their food delivery arm's Gross Order Value saw a bit of a slip. It's a mixed bag for Zomato investors, with numbers playing seesaw on the stock market playground.

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“Guess Who’s Back? Back Again”: Amid Restructuring, Ankush Aggarwal Returns To Ola Cabs’ Ride Hailing Biz

Guess who's back at Ola Cabs' helm? Yep, Ankush Aggarwal makes a grand return amidst their restructuring saga.

As part of the 'CXO team', he's gearing up for a role reminiscent of his time at an electric vehicle giant. With CEO Hemant Bakshi's swift exit, Aggarwal's comeback adds a twangy twist to Ola's corporate narrative.

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“Kaafi Kifayti Tariqa”: Make Payments Without PIN As Paytm To Focus On UPI Lite Wallet For Low-Value Transactions

Paytm's stepping up its game with a wallet that says 'no PIN required'. Their UPI Lite wallet is all about hassle-free, speedy transactions, no code-cracking needed. Add up to INR 2,000 twice a day, and you're set for a total daily limit of INR 4,000.

With this slick feature tucked into the app, Paytm's making sure low-value transactions are easy-as-pie.

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“Love Revolution 2024”: NeoFinity Launches NFC Tag To Disrupt Contactless Digital Payments

NeoFinity's bringing a game-changer to the table with NeoZAP, a tiny tag set to revolutionize digital payments.

No more fussing over internet connections; just a tap on card machines gets the job done. Sporting NFC tech, it's like magic in sticker form, fitting snugly on your phone's back. Plus, with perks like fraud insurance and sleek designs, it's a sweet deal tailor-made for the cool kids of Gen Z and millennials.

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“Sab Changa Si”: Urban Company Profitable Before Tax In April 2024: CEO Abhiraj Bhal

Urban Company's hitting a high note with profits soaring before tax in April 2024, according to CEO Abhiraj Bhal.

Turns out, the gains from India operations are now playing superhero, balancing out losses from overseas ventures. Bhal's got his sights set on a sustainable and profitable future, all while keeping customers and service partners happy.

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“Ab Aayega Maza”: Compliance With Consumer Review Norms To Be Made Mandatory For Ecommerce Platforms

Looks like the virtual shopping arena's in for a makeover. With fake reviews still sneaking past the radar, consumer affairs secretary Nidhi Khare is gearing up to make compliance with review norms mandatory for ecommerce platforms.

Scheduled pow-wow on May 15th will see major players hashing out the nitty-gritty.

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1. BimaPay, an insurtech startup, raises $2 million in funding led by LC Nueva Investment Partners to enhance its tech-driven insurance solutions and broaden its presence in the financial inclusion landscape.

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2. Highperformr.AI, founded by ex-Freshworks executives, secures $3.5 million in seed funding led by Venture Highway, aimed at advancing its AI-driven B2B marketing platform, Highperformr for Teams.

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3. Niqo Robotics, a Bengaluru-based agricultural robotics startup, secures $13 million in Series B funding, led by Bidra Innovation Ventures with participation from Fulcrum Global Capital and Omnivore.

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4. Celcius Logistics, a leading domestic aggregator for cold-chain solutions, secures Rs 40 crore ($4.8 million) in a pre-Series B funding round led by IvyCap Ventures, empowering its expansion and enhancement of cold-chain logistics services.

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