Indian Startup News Ep 67: Whitehat Jr vs Pradeep Poonia Result, Drone Deliveries & Crypto Troubles

This week in Indian Startup News, WhiteHat Jr withdraws defamation case against Pradeep Poonia, Government approves experimental drone deliveries, Private banks looking to ban crypto transactions again, PUBG’s return to India, Swiggy’s four-day workweek and Ola’s international expansion plans.

In funding news, Byju’s in talks to raise $150 million, Teachmint raises $16.5 million & Nivesh raises $1.6 million.

00:00 Introduction
00:40 Government approves experimental drone deliveries
02:15 WhiteHat Jr withdraws defamation case against Pradeep Poonia
03:39 Private banks looking to ban crypto transactions again
05:24 PUBG’s return to India
05:56 Swiggy’s four-day workweek
06:39 Ola’s international expansion plans
07:15 Byju’s in talks to raise $150 million
07:54 Teachmint raises $16.5 million
08:41 Nivesh raises $1.6 million

WhiteHat Jr withdraws the defamation case against Pradeep Poonia: After months of slugging it out in court, Pradeep Poonia has got some relief after WhiteHat Jr finally withdrew their defamation case against him. Pradeep Poonia has been a vocal critic of WhiteHat Jr for a long time and has been crucial in unveiling some of the companies alleged questionable marketing and business practices.

Government approves experimental drone deliveries: The government has approved experimental drone flights for 20 consortiums including Swiggy, Dunzo, ShopX and Asteria Aerospace. They will be testing the drone for deliveries for the next year and the government will be updating the drone rules based on results.

Private banks looking to ban crypto transactions again: Top Indian private banks like HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank and Induslnd Bank have allegedly been ordered by the RBI to ban cryptocurrency transactions.

PUBG’s return to India: PUBG has announced the launch of Battlegrounds Mobile India (previously known as PUBG Mobile India). While the date of the launch has not been revealed, it is expected to open pre-registration for the game in May or June.

Swiggy’s four-day workweek: Amidst the rising number of COVID19 cases in India, Swiggy has decided to make work more flexible for their users in the month of May by allowing for a four-day workweek and the employees can choose the days they want to work.

Ola’s international expansion plans: Ola Electric has hired Wayne Burgess as their new head of design, a guy who has worked with leading car companies like Bentley, Aston Martin and Jaguar, to help Ola Electric design their electric scooters and also electric four-wheelers in the future. Furthermore, the company is planning to enter European markets like France, Italy, and Germany in FY22.

Byju’s in talks to raise $150 million: Byju’s is in talks with the UBS Group to raise up to $150 million at a valuation of $16.5 billion – which would make it India’s most valuable startup.

Teachmint raises $16.5 million: Edtech startup Teachmint has raised $16.5 million in a round led by Learn Capital to get more teachers on their platform and explore acquisition opportunities.

Nivesh raises $1.6 million: Wealth management startup Nivesh has raised $1.6 million in a round led by Indian Angel Network Fund to add new insurance and credit products.

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