StartupTalky

Tag: #news

  • Zomato, Founded by Deepinder Goyal, Simplifies Business Lunch Ordering for Companies

    Zomato, the popular food delivery service, introduced a new feature called Zomato for Enterprise (ZFE) on August 28, to help corporate personnel with orders linked to their work.

    Zomato CEO Deepinder Goyal announced the tool, which would simplify the monitoring of company food expenses, in a post on X (previously Twitter). The service’s goal, as pointed out by Zomato, is to make companies’ reimbursement processes easier.

    In an X post, Goyal announced, “Excited to introduce Zomato for Enterprise (ZFE),” a tool that helps businesses with food spending.

    The majority of Zomato purchases placed by corporate personnel are for business purposes and necessitate reimbursement, which he elaborated on by saying the process can be time-consuming and tedious.

    Appreciating this development Puneet Kumar Kanojia, Director Sakshar Media and BollyBites VadaPav stated, “This initiative reflects a deep understanding of the needs of modern businesses. By eliminating the need for traditional reimbursement methods, Zomato is setting a new standard for convenience and operational efficiency in the corporate world.”

    What This New Feature Will Offer?

    Rather than paying in advance, workers can now charge their food orders to their employers. Companies can also use Zomato for Enterprise to hire new staff, allocate funds for orders, and lay down detailed rules for placing orders.

    Goyal has informed on X that ZFE enables employees to directly bill their employer for their business orders without incurring any monetary obligations. Among many other things, ZFE allows businesses to hire staff, establish budgets, and specify ordering procedures. With ZFE, your staff may enjoy more ease while we handle everything else, all while maintaining perfect transparency (SIC).

    In addition, he urged others to embrace this new function and brought up the fact that more than a hundred prominent companies are currently utilising ZFE.

    “Already, ZFE is being used by more than 100 leading companies. We greatly appreciate their opinion, as it has played a crucial role in shaping this program. Every company’s top executive is cordially invited to give ZFE a shot. To begin, please contact us at enterprise@zomato.com,” Goyal said.

    Zomato Completes Takeover of Paytm’s Ticketing Business

    As Zomato has been on the edge of expanding its business, this new feature has also been streamlined in accordance with this expansion strategy. According to a story that was published by Startuptalky earlier this month, Zomato has completed the acquisition of Paytm Insider, the entertainment ticketing division of the financial technology giant Paytm. This information was confirmed by both firms in regulatory filings.

    To broaden its “going-out” business and create new use cases, Zomato disclosed its intention to buy Paytm Insider the previous week. The acquisition is expected to cost roughly INR 2,048 crore.

    Zomato has completed the acquisition of Paytm’s movie ticketing business, Orbgen Technologies Pvt Ltd (OTPL), for about INR 1,264.6 crore. Additionally, Zomato has purchased Paytm’s events ticketing division, Wasteland Entertainment Pvt Ltd, for approximately INR 783.8 crore.

    The newly purchased companies will shortly be rebranded under a new going-out app named “District,” which is scheduled to be developed and released within the next few weeks.

    For $244 Million, Zomato Purchased Out Paytm’s Entertainment Ticketing Division
    Zomato is going to buy out Paytm’s movie and ticketing division. The deal has been in the works between the two businesses for three months now.
    StartupTalkyNitin Konde

  • FY2024: Neogrowth Provides More Than Inr 650 Crore to MSMEs Owned by Women

    NeoGrowth, an online lender in India that specializes in MSMEs, has gone a long way toward empowering female business owners. More than INR 650 crore in loans were distributed to micro, small, and medium-sized enterprises (MSMEs) managed by women in the fiscal year 2024.

    The result shows a significant 34% rise compared to the previous fiscal year, which underscores the increasing demand for financial inclusion for women entrepreneurs and NeoGrowth’s dedication to meeting that demand. This sum accounts for 23 percent of NeoGrowth’s total loan disbursements for fiscal year 2024, which were INR 2,863 crore.

    Effect on MSMEs Run by Women

    Over 3,600 micro, small, and medium-sized enterprises (MSMEs) that are run by women profited from these business loans, as stated in the NeoGrowth Impact Report 2024.

    The organization asserts that it provided services to a customer base that numbered more than 16,000 throughout the fiscal year. The corporation acknowledges that women-owned enterprises have played an essential part in the company’s broader purpose of promoting an inclusive economy.

    Sustainable Development Goals

    This broader commitment to contributing to societal and environmental progress is shown in the fact that NeoGrowth’s commercial activities are aligned with six of the Sustainable Development Goals (SDGs) put forth by the United Nations.

    Particular attention has been paid by the organization to important Sustainable Development Goals (SDGs), such as Gender Equality, Industry, Innovation, Infrastructure, and Decent Work and Economic Growth.

    In addition to contributing to broader societal and environmental goals, the strategy of NeoGrowth is aimed to ensure that its credit solutions contribute to the growth of India’s micro, small, and medium-sized enterprises (MSMEs).

    This all-encompassing strategy guarantees that every loan that is provided will have a good domino effect, resulting in the development of new jobs, improvements in credit scores, and increased opportunities for female entrepreneurs.

    Growth Strategies

    Additionally, the company achieved considerable progress in assisting micro, small, and medium-sized enterprises (MSMEs) in Tier-II cities by disbursing close to INR 835 crore in these areas. Furthermore, emerging small firms that have been in operation for five years or less were the recipients of 41% of the total loans that NeoGrowth has advanced up to this point.

    NeoGrowth is committed to supporting entrepreneurs who are frequently ignored by established financial institutions, as seen by the fact that the company focuses on newer enterprises and regions that offer inadequate services.

    It was emphasized by Arun Nayyar, the Managing Director and Chief Executive Officer of NeoGrowth, that the company’s objective is to establish a sustainable, inclusive, and purpose-driven ecosystem for micro, small, and medium-sized enterprises (MSMEs) in India. The organization’s consistent dedication to developing financial inclusion, empowering first-generation entrepreneurs, and providing support to firms run by women all contribute to the development of an economy that is both vibrant and inclusive.

    In addition to catering to more than 75 different MSME industry segments, NeoGrowth asserts that it has a presence in more than 25 communities. Over $1.4 billion has been distributed by the company since it was first established.

    Indian Government Backing Women in the MSME Sector
    Since its launch on July 1, 2020, the Udyam Registration Portal (URP) of the Ministry of MSME has recorded that MSMEs owned by women make up 20.5% of all MSMEs registered on the Portal.
    StartupTalkyNitin Konde

  • Nibav Lifts: The Buzz is Real! Limited Time Offers Almost Gone

    The buzz around Nibav Lifts is undeniable! Nibav Lifts’ recent expansion to 55 Experience Centres across India has ignited a wave of excitement among homeowners seeking to elevate their living spaces.

    Due to overwhelming demand, 80% of the exclusive launch offers have already been snapped up in 4 days! This incredible response is a testament to the trust and confidence customers have placed in Nibav Lifts.

    But do not let the excitement pass you by! Only a limited number of these exclusive deals remain. Experience the perfect blend of luxury, safety, and sustainability with a Nibav Home Lift.

    At Nibav, the company is committed to providing innovative and reliable home elevator solutions that prioritize safety, comfort, and style. The lifts are designed to fit seamlessly into any home, offering features such as:

    • Space-saving design: The lifts require minimal space, making them ideal for homes of all sizes.
    • Uncompromising safety: Equipped with cutting-edge safety features, including emergency battery backups and child-safe controls.
    • Eco-friendly technology- Nibav lifts operate on air-powered technology, ensuring energy efficiency and minimal environmental impact.
    • Customizable design- With a range of design options, the lifts can be tailored to complement any home decor.
    Nibav Lifts Experience Centre
    Nibav Lifts Experience Centre

    Visit your nearest Nibav Lifts Experience Centre today and discover why everyone is talking about the company.

    As Nibav Lifts continues to become India’s largest home elevator brand present across the length and breadth of the country, it is time to join the revolution by being proud owners of the world’s safest home elevator. Visit any of the 55 Experience Centres to discover how Nibav Lifts can elevate your home.

    About Nibav Lifts 

    Nibav Lifts is a global leader in home elevator solutions, known for its innovative air-powered lifts that combine style, safety, and sustainability. With 55 Experience Centres in India and 24 experience centres across different international locations, Nibav Lifts is now present in 79 cities across the globe to offer unparalleled access to its products and expertise.

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    StartupTalkyAvantika Bhardwaj

  • Government Granted Approval to Four Tech Textile Startups

    The 8th Empowered Programme Committee (EPC) meeting under the National Technical Textiles Mission was  held in Udyog Bhawan in New Delhi and it was headed by the Secretary of the Ministry of Textiles on 27 August 2024. Under the “Grant for Research & Entrepreneurship across Aspiring Innovators in Technical Textiles (GREAT)” programme, the committee has allotted around INR 50 Lakhs to four different startups.

    As part of the “General Guidelines for Enabling of Academic Institutes in Technical Textiles,” the committee has also given five educational institutions a grant of around INR 20 crore to start offering technical textiles courses.

    The recognised Startup initiatives centre on three important strategic domains: smart textiles, sustainable textiles, and composites. New Bachelor of Technology (B.Tech.) programmes in technical textiles, geotextiles, geosynthetics, composites, civil structures, and related subjects have been suggested by recognised educational institutions.

    India’s Textile Industry

    Over the past five years, India’s technical textiles market has grown at a compound annual growth rate (CAGR) of 8-10%, making it the fifth largest market in the world. In the fiscal year 2021-22, the market size reached $21.95 billion, with domestic output amounting to $19.49 billion and imports amounting to $2.46 billion.

    National Technical Textiles Mission

    A National Technical Textiles Mission has been established in India with the objective of achieving an average growth rate of 15-20%. This mission was established in recognition of the potential of the India’s textile sector. Through market expansion, international collaborations, and the Make in India programme, the mission intends to realise its goal of increasing the size of the domestic market for technical textiles to between $40-$50 billion by the year 2024.

    As a result of India’s rapid scaling up of production of personal protective equipment (PPE) kits and masks during the Covid-19 crisis, the Technical Textiles sector acquired greater significance. This development demonstrated India’s capacity to innovate even in difficult circumstances.

    In October of the previous year, the Ministry of Textiles approved 23 key research projects with a total value of around INR 60 crores. Speciality fibres, sustainable textiles, geotextiles, portable technology, and sports textiles are some of the fields that are covered by these initiatives.

    Government funding is available through the programme to assist companies in developing working prototypes or in the process of “commercialising” their technology. It wasn’t until October 2023 that the ministry first mentioned the notion of the grants.

    As part of the effort to foster innovation in technical textiles, the centre plans to provide assistance to 150 entrepreneurs. Incubators would receive 10% of the total subsidy, while 26 institutes will receive a total of INR 151 crore to upgrade their labs and create and provide technical textile courses.

    Technical textiles’ rising popularity can be attributed to their widespread application in industries like aviation, agriculture, and the automotive sector. Resham Sutra, Chematico Technologies, Greenwear, and many more have emerged as a result of this.

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  • Aiming for a 2025 Launch, Amazon Is Preparing for a Quick Commerce Entry in India

    The media has reported that Amazon aims to launch its fast commerce service in India in the first quarter of 2025. The US-based eCommerce giant is refocusing its strategy to compete with rival Flipkart, which has just joined the fast-growing category with its ‘Minutes’ service.

    Amazon India has designated a senior executive to spearhead the creation of its speedy commerce strategy in keeping with this approach. This move is part of a larger effort to reorganize its leadership to better compete in the rapidly expanding Indian market.

    Exploring the Possibility of Acquiring a Stake in Swiggy

    Reportedly, Amazon is looking into buying stakes in Swiggy, specifically its Instamart quick service platform.

    According to a media report, a precise schedule has been established, but the foundation for the rapid commerce vertical has been ongoing for some time.  Amazon has been pushing the project forward internally.

    Since Amazon has not yet introduced a global quick commerce service, the launch of this new service will be subject to permission from Amazon’s headquarters. The situation is further complicated because Manish Tiwary, Amazon’s chief of India, is presently serving his notice term and is scheduled to depart the company in October.

    30-Minute Delivery Is Amazon’s Goal for Speedy Commerce

    After getting a head start in the grocery delivery market with its Pantry service, Amazon has been perfecting its strategy by combining its fresh two-hour service with next-day delivery. The fulfillment of these deliveries is handled by More Retail stores, a joint venture with Samara Capital, and customers also have the option of store pick-ups.

    The 30-minute delivery trend is changing, even though Amazon’s next-day customer base for groceries and non-grocery items is still rather large.

    Even if the final product is still in the works, a media report hinted that Amazon might keep slotted deliveries as a tactic, targeting certain SKUs.

    Over the course of 2024, the rapid commerce sector experienced substantial changes, and even more changes are on the way. The Mumbai-based firm Zepto is quickly growing its dark store networks and SKUs. In less than two months, the company will finish a $1 billion fundraising round.

    Indian Ecommerce’s New Battlefield

    According to sources within the business, eCommerce platforms will increase their rapid commerce offerings to encompass 20,000+ products this Diwali, leading to fiercer competition.

    New Delhi and Mumbai are the latest cities to get Flipkart’s Minutes service, which was first launched in Bengaluru earlier this month. At the same time, BigBasket is ditching its present hybrid model of scheduled and quick deliveries in favor of a quick-delivery-only strategy.

    1Lattice and Datum Intelligence predict that the value of India’s eCommerce business increased by 18-20% in the first half of this year, with grocery sales increasing by more than 38% due to a dramatic rise in fast commerce.

    Flipkart’s Quick Commerce Revolution: Reshaping India’s Online Retail Landscape
    India’s leading digital commerce entity Flipkart is working to venture into the fast-paced world of quick commerce to meet the burgeoning demand for rapid delivery of everyday essentials.
    StartupTalkyTripti Agarwal

  • Nitin Gadkari Said Older Cars Can Be Scrapped for New Ones at Great Discounts

    Manufacturers of both passenger and commercial cars have agreed to provide discounts for the purchase of new vehicles in exchange for the scrapping of older ones from purchasers who have a valid Certificate of Deposit, according to Nitin Gadkari, the Union Minister of Road Transport and Highways. This was revealed on 27 August 2024 by Gadkari.

    The decision was reached during a meeting with the CEOs of the Society of Indian Automobile Manufacturers Association (SIAM), which was headed by the minister. The meeting aimed to address critical concerns facing the auto sector.

    Gadkari informed  on X, “I am pleased to report that several commercial and passenger vehicle manufacturers have agreed to offer discounts for the purchase of new vehicles against the scrapping of older vehicles with a valid Certificate of Deposit.” Cleaner, safer, and more fuel-efficient cars will be driving down the road thanks to this program, which will propel our Circular Economy initiatives forward.

    What Were the Earlier Offerings?

    Earlier, customers who scrap their old vehicles to purchase a new one are likely to receive a discount of between 1.5 and 3.5% from India’s leading automobile manufacturers.

    The minister had stated the previous year that the nation requires a total of 1,000 centers for the scrapping of vehicles and 400 centers for the automated testing of fitness.

    According to the minister, India has the potential to become a scrapping hub in South Asia. He made this statement while pointing out that the National Vehicle Scrappage Policy is beneficial to all parties involved. “Circular economy is very important and it is going to create jobs in the country,” Gadkari opined.

    National Vehicle Scrappage Policy

    In August of 2021, Prime Minister Narendra Modi introduced the National Vehicle Scrappage Policy, stating that it would assist in the elimination of automobiles that were harmful to the environment and would also encourage the development of a circular economy.

    Starting on April 1, 2022, the policy on the scrapping of vehicles went into effect. In accordance with the strategy, the Central Government has said that the states and Union Territories (UTs) will offer a tax credit of up to 25 percent on the road tax for automobiles that are purchased after the scrapping of older vehicles.

    The policy, which was announced in the Union Budget 2021-22, stipulates that fitness tests would be conducted on commercial cars five years after the date of purchase, whilst the amount of time for fitness testing on personal vehicles has been set at twenty years.

    Vehicle Scrappage Policy: What it is | Guidelines | Benefit to Startups
    The Prime minister of India, Narendra Modi has launched the vehicle scrappage policy. Here’s an insight into it and how it will benefit the startups!
    StartupTalkyAnik Banerjee

  • Details of Apple’s Next CFO: Kevan Parekh

    Chief Financial Officer (CFO) Luca Maestri will be leaving his position at Apple on January 1, 2025, according to the company. Vice President of Financial Planning and Analysis at Apple, Kevan Parekh, will be promoted to Chief Financial Officer and added to the executive team as a result of a prearranged succession.

    According to Apple CEO Tim Cook, Kevan has been an integral part of the company’s financial leadership team for over a decade and knows the business inside and out. He is an ideal candidate to succeed Tim Cook as Apple’s chief financial officer due to his brilliant mind, sound judgment, and financial acumen.

    Following four years at Thomson Reuters, Kevan Parekh became an Apple employee in 2013 and works in product marketing and finance. He has experience in international operations from his time at General Motors. He earned a BS in electrical engineering from Michigan State University and an MBA from Chicago University.

    Academic History and Experience

    Upon finishing high school, Parekh enrolled at the esteemed University of Michigan, which is famous for its excellent engineering programs. According to his LinkedIn profile, Parekh earned a BS in electrical engineering in 1994. He learned a lot about his area and gained expertise while participating in several student groups and research projects at the University of Michigan.

    Parekh chose to get his Master of Commercial Administration (MBA) because he understood the value of having both technical knowledge and commercial sense. He was admitted to the world-renowned Booth School of Business at the University of Chicago. Parekh earned a Master of Business Administration degree in 2000 with a concentration in finance and strategic management, as stated on his LinkedIn profile. His thorough grasp of company operations and financial strategy was shaped by his time at the University of Chicago, where he participated in case competitions, had extensive networking opportunities, and had demanding coursework.

    Impressive Professional Accomplishments

    The educational background of Kevan Parekh has been crucial to his professional success. He became the Director of Business Development at General Motors in their New York headquarters after finishing his MBA. The company’s financial planning and strategic goals were within his purview. Thomson Reuters was Parekh’s next stop in 2009, and he held the positions of VP of finance and corporate treasurer thereafter. During his time at Thomson Reuters, he made substantial contributions to the company’s growth plans and financial restructuring.

    Parekh became Apple Inc.’s VP of financial planning and analysis in 2013. His many years of experience in management include most recently serving as the company’s financial director for global sales, retail, and marketing. Financial strategy and operations at Apple owe a great deal to his extensive knowledge of both technical and commercial components. After Luca Maestri’s departure as Apple’s CFO on January 1, 2025, Parekh will take up the position.

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  • Kenko Shuts Operations as It Runs Out of Funds

    According to a media report, Redkenko Health Tech Private Limited, more commonly known as Kenko Health, has ceased operations due to financial and operational issues.

    Peak XV Partners, Orios Venture Partners, and Beenext were among the important investors who contributed about $13.7 million to the healthcare business based in Mumbai, which had an initial valuation of almost $60 million. The company’s demise was caused by a lack of capital, a difficult business climate, and the inability to obtain an insurance license, even though it had been steadily growing since 2019 and had the support of notable investors.

    Around 100 employees working in the company are experiencing distress due to outstanding dues, some of which date back over three months, as a result of the closure of the company’s offices in Bengaluru and Mumbai.

    Breaking the Sad News Among the Workforce

    Founders Aniruddha Sen and Dhiraj Goel confessed in a string of emails in July and August to staff that the company had “run out of funds” and was subsequently taken to the National Company Law Tribunal (NCLT) by investors.

    “Our inability to inject equity capital in a timely manner was caused by a number of internal factors, and as a result, the company has exhausted its funding.” In a message to staff, Sen informed them that a debt fund that had been loaned to the company had taken it to the NCLT.

    The owners addressed the dissatisfied employees’ complaints over unpaid dues and a lack of communication in a second email.

    A long time ago, the company’s money ran out, and since then, it has been unable to settle employee F&Fs. According to their post, “This is disappointing but also the harsh reality,” and they revealed that they used about INR 9 crore of their own money to pay salaries from October to December 2023. “But that wasn’t sufficient,” they stated.

    According to the founders, the majority of employees had either found new employment or were actively exploring new prospects. They extended support whenever they could.

    Despite Strong Efforts, Unable to Secure Fresh Funding

    The creators stated that they had hoped for a settlement and were seeking investor or third-party finance to remain afloat, but that it never came to reality.

    “While we worked to resolve the continuing challenge, we were unable to connect with you or ask for any additional time extensions. Although it is disappointing that things did not work out, the company is proud of its roots and the progress it has made since its inception,” stated the founders.

    In response to accusations of wrongdoing, the founders stated that the assertions were motivated more by disappointment and anguish than malicious intent.

    Some troubling claims have been made regarding transferring and similar practices. They invited employees to examine the topic further and made it clear that these were reflections of genuine sadness and distress, not malicious intent.

    My Tirth India Shuts Down Its Operations Due to Lack of Funds
    My Tirth India, a spiritual tech business, declared on Monday that it is ceasing operations as a result of a serious shortage of funding.
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  • More “In-Tech” Acquisitions Under Consideration by Infosys: CEO Salil Parekh

    Infosys, the second-largest IT services company in India, has already acquired two companies this year and is searching for more. The company has stated that a large-scale acquisition similar to its previous in-tech purchase is definitely within the range of possibility.

    Infosys CEO Salil Parekh recently spoke with a news agency, where he stated the company’s interest in data analytics and software as a service (SaaS) acquisitions, as well as potential exploration of certain European and American regions.

    “Absolutely, I think those would be the size that we will look at in terms of scale, and given our structure we could do a few of those.” Parekh was asked if future acquisitions of the same scale could be considered, about the 450 million euros paid for in-tech.

    Recent Acquisition by Infosys

    A semiconductor design services company based in India, InSemi Technology Services, was acquired by Infosys in January for a consideration of up to INR 280 crore (including earn-outs, management incentives, and retention bonuses).

    After that, three months later, there was a larger purchase. The German subsidiary of Infosys, Infosys Germany, has agreed to buy out in-tech Holding, a market leader in engineering research and development services, for a maximum consideration of 450 million euros, or approximately INR 4,045 crore, in April. In-tech Holding is based in Germany.

    “We feel very good about expanding that footprint”, Parekh said, “because we already have a very good business in engineering services within Infosys and because we acquired two other companies that were also in the engineering services industry. One of these companies was focused on semiconductors and the other on automotive,” he added.

    Expansion in Other Areas

    Infosys is presently assessing other companies with a view to making more acquisitions. With a healthy balance sheet and healthy cash creation, the company is now at ease integrating acquisitions across multiple regions. The company has previously provided engineering services and is currently expanding into new sectors, such as data analytics, software as a service (SaaS), and possibly even other European and American locales.

    The integration factors, cultural compatibility, financial cost, and strategic synergy, according to Parekh, are crucial.

    “We have items in the works that are usually in the pipeline, but they move at their own pace. Before we can decide how to integrate them, we have to figure out whether they are a good strategic match, how much they will cost, and whether they will fit in with our company’s culture. We will have to wait and see what comes out of all these negotiations”, Infosys stated in a press statement.

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  • Pavel Durov, the Creator of Telegram, Faces Arrest: Here’s What You Need to Know

    According to reports, Telegram’s founder and CEO, Pavel Durov, was arrested in France on August 24, 2024, due to an inquiry into the messaging app’s lack of moderators. Russian officials at the French embassy have called for Pavel Durov’s consular access and the protection of his rights. According to the embassy, France has thus far “avoided engagement” with Pavel Durov’s position.

    There was a lack of moderators on Telegram and Durov allegedly allowed a wide range of crimes to flourish because of this, according to media reports. He was arrested as part of a preliminary police inquiry. It is “absurd” to blame a platform or its owner for abuse, according to a post on X by Telegram’s official account.

    The arrest of Durov was not a “political decision,” according to French President Emmanuel Macron‘s Monday post on X, which also addressed the matter. “France is a country that is ‘deeply committed to freedom of expression and communication,’” he said, “but in a state that is governed by the rule of law,’ freedoms are protected within legal frameworks, both online and off, to safeguard citizens and their basic rights.”

    What Exactly Is Telegram?

    Similar to other messaging apps like WhatsApp, Signal, and iMessage, Telegram’s main function is to facilitate communication between users. For a large portion of its user base, it serves solely as a platform for friendly conversation.

    On the other hand, compared to its competitors, this app has more social networking options. Like Telegram’s broadcast “channels” that allow users to “follow” particular accounts, group chats can be as big as the user wants them to be.

    More like a Facebook group or an old-school online forum than an instant messaging service, those channels also allow followers to write comments under posts and have back-and-forth conversations with each other.

    Why Indian Government is Considering  Banning Telegram?

    There are more than 5 million registered users of the Telegram messaging software in India, and it could be banned. The company was the subject of an extortion and gambling probe that was initiated by the Centre.

    The investigation’s results will determine the messaging app’s fate in India. The company’s P2P communications are the subject of an investigation by the Ministry of Home Affairs and the Ministry of Electronics and Information Technology, according to a report by the prominent media outlet.

    An official has stated that the government is looking into Telegram because of allegations that it is used for illegal purposes including gambling and extortion. The results of the investigation could lead to the prohibition of the messaging service.

    Role’ of Telegram in UGC-NEET paper leak

    In the past, Telegram has been criticized for helping to distribute false information and facilitate criminal activity. Leaks of the medical entrance exam paper from the recent UGC-NEET controversy have further heightened attention. There were reports that the paper was going for prices ranging from INR 5,000 to INR 10,000 on the marketplace.

    Still, Telegram insists it fully complies with Indian law, no matter how many obstacles it faces. The corporation has appointed a chief compliance officer and a nodal officer, and compliance reports are published monthly. But because Telegram doesn’t have an office in India, the government has said it has trouble engaging with the company.

    Telegram and other social media companies were served letters by the IT ministry in October 2023, requesting that they delete child sexual abuse material (CSAM) from their sites.

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