Through this distressed property, the committed investors will get first and exclusive access to all opportunities with a minimum investment of Rs 50 lakhs as mandated under SEBI PMS regulations.
With an increase in import duties, home-grown brands can utilize such investments in building themselves up and shape a better tomorrow under the ‘Make in India’ umbrella.
Additional Solicitor General Maninder Acharya and central government standing counsel Anurag Ahluwalia accepted notice on behalf of the ministry.
The startup will also expand its booking features, ranging from flights, hotels, transfers, boutique experiences, staycations to personalised packages.
The objective behind this service is to provide a "one-stop solution" to the families and give them support in their hard times and help them perform the last rites in a hassle-free manner.
The layoffs have been primarily undertaken in non-tech functions such as international holidays and related segments, and is across units, according to a company spokesperson.
In terms of value, UPI transactions in May stood at Rs 2.18 lakh crore, toppling March numbers of Rs 2.06 lakh crore.
The development comes a little over seven months after Srivatsa announced that he was stepping away from day-to-day operations at Urban Ladder.
Other existing investors, such as Amazon, former SoftBank executive Kabir Misra's RPS Ventures and Intact Ventures, will likely participate in the ongoing fundraising, as per sources.
Grofers said it was able to retain 62% of users who came on board in March after the nationwide lockdown, adding it expects to retain around 50% of new users in the long term.
Oyo is also actively working with the company's investors to identify opportunities in their portfolio companies and help its employees with alternative career opportunities in those companies.
Satya MicroCapital started its operations in January 2017 and has a network of 150 branches in 22 states. It primarily caters to women who own businesses and are looking for means of expansion.
Talking about the road to normalcy and recovery in the aftermath of Covid19, he said it will take some time but it will give an opportunity for companies to become stronger.
The company is offering mediclaim coverage till the year-end for individuals and their families who have been impacted by this move.
Earlier this year, Oppo signed MOU with IIT Hyderabad, to promote collaborative research in the field of science and technology.
The company will offer solutions in hospitality spaces, warehousing spaces, educational institutions and facility management.
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