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The additional registration fee will be lowered to zero from January 2022.

If the talks go through, it would be one of the largest consolidation deals in the Indian edtech space.

In January, six Israeli startups closed mega rounds, each pulling in more than USD 100 million in one go and bumping up their valuations.

The bill requires all online service providers to store personal information of users locally, granting free access to the government on request.

With this round, KreditBee’s parent company Finnov has cut down the shareholding of its existing Chinese backers from 40% to 10%.

Zomato is looking to list itself in India and reportedly plans to raise USD 6 to 8 billion during IPO.

Meesho’s revenue revenue in FY 2020 grew to USD 42 million recording almost a four-fold rise from USD 11 million a year earlier.

Earlier this month, Koo raised USD 4 million Series from 3one4 Capital, Accel Partners, Kalaari Capital, Blume Ventures, and Dream Incubator.