RBI diktat comes months after the ED accused the company of violating FDI norms under FEMA, when it was raising money by claiming to be an IT services business
Founder Nitya Sharma confirmed the RBI order to Inc42 and said the company was working on the next move
The BNPL startup claims to have 7 Mn users and has so far raised $83 Mn from a clutch of marquee investors
The Reserve Bank of India (RBI) has reportedly asked Bengaluru-based fintech startup Simpl to…








