While recognising Meesho as a “well-known mark,” the Delhi High Court issued orders to prevent bad actors from using the ecommerce unicorn’s trademark. These entities have been creating bogus websites in order to deceive customers by posing as Meesho.
The SoftBank-backed unicorn filed a suit in the Delhi High Court, seeking a permanent injunction against fake websites that were defrauding customers by using its trademarks and/or copyright. The ‘John Doe’ order, also known as the Ashok Kumar order, is an ex-parte injunction against anonymous offenders that is used to protect a creator’s intellectual property.
GoTo’s legal and corporate secretary said the company follows regulations for public companies and will prioritize the interests of shareholders. Source link
SUMMARY The due diligence is done, and both sides are negotiating final terms for the cash and equity transaction If the deal closes, it will mark one of the biggest consolidation in India’s auto tech sector Notably, CarDekho entered the unicorn club in October 2021 after raising $250 Mn at a $1.2 Bn valuation. It, however, shut down its used-car retail business in 2023 after high operating costs made it unviable Listed auto marketplace CarTrade is reportedly in advanced stages to acquire rival CarDekho in a deal valued at… Source link
From a brand known for its cool urban image and setting the Indian craft brewery benchmark, Bira 91’s survival hangs by a thread. The startup, which has raised more than $200 Mn in funding to date from investors such as Peak XV Partners, Sofina, and Kirin Holdings, among others, is struggling to move past the slowdown that hit its business last year. At the centre of the storm are 600 employees, the investors, and Ankur Jain, the CEO and founder of B9 Beverages Ltd, Bira 91’s parent company. Jain is under pressure to step down… Source link
