India’s crypto industry to mend its regulations

In order to establish itself as a legalized business, the Indian crypto industry will soon standardise and mend its disclosure and compliance mechanisms. Leading cryptocurrency exchanges have partnered with the Internet and Mobile association of India to set up an advisory board to set up a code of conduct.Gurgaon based gig marketplace Urban Company is planning to go for an Initial Public Offering soon. According to Abhiraj Singh Bhal, CEO and Cofounder of Urban Company, the company plans to list in the next 18-24 months and has started preparing for the process.Edtech startup Byjus and tech giant Google have collaborated with a view to provide learning solutions for schools in India, due to the booming of online education because of covid 19 pandemic. The tie up brings up Google Workspace for Education and Byju's content on Vidyartha platform to provide effective learning at school. The platform is available for free to the participating educational institutions.San Francisco headquartered cloud based browser testing platform LambaTest has raised 16 million dollars in a series B funding round led by Sequoia Capital. Ahmedabad based premium bicycle-sharing and renting service MYBYK has raised 1 million dollars in a pre series A funding round by Avon Cycles and other investors, including Flipkart’s ex CFO, Sanjay Baweja.Investment firm Egreens has launched a fund worth Rs.15 crore for agritech startups.The fund will be focused on startups that use innovative technologies and business models across the chain of food production, storage and transportation.Brooklyn headquartered ecommerce company Etsy will acquire Gen Z focused fashion reseller Depop for 1.63 billion dollars with the intention of attracting young customers to the ecommerce platform.Beauty and fashion ecommerce platform Nykaa will go for an Initial Public Offering later this year, and is aiming to go public at a valuation of 4.5 billion dollars. The valuation is a sharp rise from 3.5 billion dollars in January.B2B logistics optimisation startup Locus has raised 50 million dollars in Series C funding round led by Singapore's sovereign wealth fund GIC. Tiger Global, Falcon edge, Qualcomm Ventures also participated in the round along with some angel investors.Extracurricular learning platform Crejo.Fun has raised 3 million dollars in a seed funding round led by Matrix partners India, 021 Capital, Gemba Capital and other angel investors.#cryptocurrency #crypto #CryptoExchange #UrbanCompany #urbancompanyipo #startupipos #Byjus #Google #onlineeducation #Edtech #Vidyartha #onlinelearning #LambaTest #lambdatestfunding #funding #SequoiaCapital #MYBYK #mybykfunding #AvonCycles #investors #Egreens #Investment #agritechstartups #startups #ecommerce #Etsy #Depop #Nykaa #nykaaipo #NykaaValuation #NykaaFunding #Locus #locusfunding #GIC #Crejo #crejofunfunding #askmentor #mystartuptv #majorsunilshetty #startupchannel #startupnews #startupindia #MSMEnews #makeinindia #madeinindia

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