A fintech SaaS startup, Prosperr.io, has secured INR 12.9 crore (approximately $1.55 million) pre-seed funding to revolutionize taxation with AI-powered solutions. Gokul Rajaram, a board member at Pinterest and Coinbase, led the funding, which was participated in by angel investors Vinodh Bhat from JioSaavn, Ramakant Sharma from Livspace, and Kunal Shah from CRED. Based in Bengaluru, Prosperr.io plans to use the funds to develop its AI-driven Tax Advisor and create a platform for optimizing taxes, catering to users in India and internationally. Prosperr.io’s Mission and Products Prosperr.io, a Bengaluru-based fintech startup, aims to achieve an annual revenue of $100 million…
Author: Editorial Team
The animated film ‘Inside Out 2’ had an incredible start at the North American box office, earning a massive $155 million in its first weekend. This impressive debut makes it the second-biggest opening in Pixar’s 29-year history. The only Pixar movie with a bigger opening weekend was ‘Incredibles 2’, which made $182.7 million in 2018. ‘Inside Out 2’ explores the ups and downs of teenage life. It has resonated with audiences, making it a major success right from the start. Inside Out 2 Breaks Records with Huge Opening ‘Inside Out 2’ had an amazing start at the box office, making…
The Advertising Standards Council of India (ASCI) has suggested that advertisers and broadcasters should not release new advertisements between June 18 and July 9. This recommendation is due to uncertainty surrounding a Supreme Court decision requiring a self-declaration certificate (SDC) for new ads. According to a directive from the Ministry of Information and Broadcasting (MIB), following the Supreme Court’s instructions, advertisers must provide an SDC before publishing, airing, or displaying any new advertisement starting June 18. Existing advertisements can continue as usual, as the SDC requirement applies only to new ads. Ambiguity Surrounds Self-Declaration Certificate (SDC) Mandate The Advertising Standards…
The Enforcement Directorate (ED) searched 19 locations in Mumbai and Pune related to the Fairplay App money laundering case. They seized assets worth INR 8 Cr, including documents, digital devices, cash, bank funds, demat account holdings, and luxury watches. Fairplay App, part of the Mahadev Book app network, is suspected of illegal activities like broadcasting cricket/IPL matches and online betting, including results of the Lok Sabha Elections 2024. The investigation began after a complaint from Viacom18 Media Private Limited led to an FIR by the Nodal Cyber Police in Mumbai. ED Uncovers Money Laundering in Fairplay App Case The FIR…
Bollywood actress Shilpa Shetty and her husband, businessman Raj Kundra, have been accused by Prithviraj Saremal Kothari, a prominent bullion trader in Mumbai, of orchestrating a fraudulent scheme. According to the complaint filed, Shilpa Shetty, Raj Kundra, and their associates allegedly operated a company through which they enticed investors with promises of substantial returns on investments in gold. However, it’s claimed that these promised returns were not delivered as per agreements, leading to accusations of cheating. In response to the seriousness of these allegations, the Mumbai Sessions Court has intervened, directing a comprehensive investigation into the matter to determine the…
Tesla shareholders approved CEO Elon Musk’s $56 billion package, showing strong support for his leadership and incentivizing him to stay focused on Tesla. Despite some opposition from big investors and advisory firms, the proposal passed, highlighting Musk’s popularity among Tesla’s smaller investors. At the annual shareholder meeting in Austin, Texas, Musk called himself “pathologically optimistic” and said that Tesla and its factory wouldn’t exist without his optimism. He emphasized that he always delivers in the end, which he said is what really matters. Tesla Shareholders Approved Musk’s Package, But Legal Issues Continue Tesla shareholders voted to approve Elon Musk’s $56…
Reliance Industries’ Jio Platforms achieved a significant milestone in pursuing satellite internet in India. In partnership with Luxembourg-based SES, the company received approval from India’s space regulator to operate satellites. This approval is a crucial step forward in their plans to offer high-speed gigabit fiber internet nationwide. According to Reuters, approvals were granted to Orbit Connect India, aiming to deliver high-speed internet via satellites. The Indian National Space Promotion and Authorisation Centre (IN-SPACe) issued these authorizations in April and June. Progress for Satellite Internet in India Orbit Connect, backed by Reliance Industries’ Jio Platforms and SES, has received approval to…
Bengaluru-based startup Jupiter gets RBI nod for prepaid payments instrument license. This means users can now make UPI payments and transfer money through Jupiter’s digital wallets. It already provides digital savings accounts with features like real-time spending insights, tracking assets across different accounts, setting personal savings goals, and sending or receiving money via UPI. Jupiter Gets RBI Nod For Prepaid Payments Instrument License Jupiter has received a prepaid payments instrument (PPI) license from the Reserve Bank of India. This license allows Jupiter, a Bengaluru-based startup, to offer digital wallets to its users. With these digital wallets, users can make UPI…
Prime Minister Narendra Modi is all set to attend the annual G7 summit, which will be held in Puglia, Italy, from June 13 to 15. During the G7 summit, PM Modi will hold bilateral talks with Italian Prime Minister Giorgia Meloni, continuing their dialogue from her visit to India in March 2023. On June 14, PM Modi will participate in an Outreach Session to address topics such as Artificial Intelligence, Energy, and regional issues in Africa and the Mediterranean. Additionally, PM Modi’s involvement in the G7 summit will allow him to follow up on the outcomes of the G20 summit…
Electric vehicle (EV) sales in India have been on the rise, showing a significant growth of over 40% in the fiscal year 2023-24. According to a report by JMK Research and Analytics, the total number of EVs sold during this period reached 1,752,406 units. This surge in sales was primarily driven by electric two-wheelers (E2Ws) and electric three-wheelers (E3Ws), which collectively accounted for a staggering 94% of all EV sales. This indicates a growing preference among Indian consumers for electric bikes and rickshaws. Surge in Electric Vehicle Sales in India In the past year, electric bikes were the top choice…