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Earlier today, the Delhi High Court issued a notice to Twitter for not complying with the new Information Technology rules and gave it three weeks to reply. The court was hearing a plea filed by lawyer Amit Acharya last week.
Also in this letter: Telecom gear makers could lose incentives Chip shortages ‘could last many years’
Delhi High Court gives Twitter three weeks to show compliance
The Delhi High Court has given Twitter three weeks to show it is compliant with India s controversial new IT rules, which came into effect last week.
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April saw unprecedented dealmaking for Indian tech startups, as eight companies joined the coveted unicorn club in around 20 days. After a few slow weeks, deal activity has picked up pace again. We reported about big financing rounds at
Lenskart and
Pine Labs on Monday. And now there’s a new entrant to the unicorn club the first one in May.
We kick off with a scoop on India’s sovereign wealth fund’s first digital investment.
Also in this letter:
Tiger Global, Flipkart to back Rishi Vasudev’s new Thrasio-style venture
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Goat Brands Labs, a Thrasio-style venture of former Flipkart executive Rishi Vasudev for online fashion retail, plans to raise about $20 million in its first round of funding.
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Bengaluru/Mumbai:Rishi Vasudev, a vetaran fashion retail executive who previously headed Flipkart s fashion business, is raising new capital for his Thrasio-style venture, which will acquire lifestyle brands and help them build and grow online.
Vasudev s new venture, Goat Brands Labs, plans to raise about $20 million in its first round of funding, likely to be led by New York-based investment firm Tiger Global. US-based Mayfield Fund and Flipkart s venture fund are also expected back Vasudev s new venture, sources aware of the matter said.