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Saturday, December 20, 2025

What Are You Looking For?

AgriTech AI AirTech All News Apple Artificial Intelligence AviationTech B2B BeautyTech Blockchain

Recent

35+ Mac apps – build your own bundle from $2.50
Issue Subscribed 5% On Day 1 So Far
Lehar Footwears announced H1FY26 and Q2FY26 results, Reports Strong Revenue and PAT Growth
Grab to invest $60m in Vay’s remote-driven EV service
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What Are You Looking For?

AgriTech AI AirTech All News Apple Artificial Intelligence AviationTech B2B BeautyTech Blockchain

Recent

35+ Mac apps – build your own bundle from $2.50
Issue Subscribed 5% On Day 1 So Far
Lehar Footwears announced H1FY26 and Q2FY26 results, Reports Strong Revenue and PAT Growth
Grab to invest $60m in Vay’s remote-driven EV service
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ED Files FEMA Case Against Simpl Over INR 913 Cr FDI Violation


SUMMARY

ED booked cofounder Sharma and the startup for contravention to the tune of INR 913.75 Cr under sections of the Foreign Exchange Management Act (FEMA), 1999

The agency alleged that the fintech startup raised foreign investment and issued convertible notes by misdeclaring its business activity and without prior approval

Earlier in the day, the agency also filed a FEMA complaint against fashion ecommerce giant Myntra for allegedly flouting FDI rules to the tune of INR 1,654.4…



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