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[Funding alert] Fuel delivery platform Fuel Buddy raises Rs 12.5 Cr from investors

[Funding alert] Fuel delivery platform Fuel Buddy raises Rs 12.5 Cr from investors
Earlier in September 2020, it had raised Rs 17 crore ($2.3 million) in seed funding from SK Narvar with a further capital commitment of Rs 17 crore on a need basis.
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Rs 12.5 crore from investors, including the Jaipuria Family Office.
Established in 2016, Fuel Buddy is a pioneer in the fuel delivery industry in India. The Delhi-based company is an app based, IoT and cloud enabled fuel delivery service.
It is a tech-enabled platform which provides on-demand fuel delivery along with value-added services. The service offers a safe and secure experience, accurate quantity, and pure fuel at prevailing market prices ensuring customer convenience, the company said in a statement. ....

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Government says it has 'no obligation' to take action on USTR report on counterfeiting by Indians on e-commerce platforms

February 10, 2021
In response to BJP MP Gangasandra Siddappa Basavaraj’s question on “a recent report released by the US Trade Representative (USTR) include flea markets in New Delhi and Mumbai and also an e-commerce platform operating in India for selling fake goods, involving counter-feiting and piracy,” the government responded in parliament that it had “India is under no obligation to take action based on reports being generated by independent sovereigns,” and that the USTR’s report was “specific to addressing concerns of American consumers”.
“However, Central Government has been taking active steps to control the menace of counterfeiting and piracy,” the response by the government was quick to add. “Several initiatives to strengthen enforcement agencies through regular training and sensitization programs have been undertaken by the Cell for IPR Promotion and Management (CIPAM) with Police, Customs and Judiciary.” ....

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