This week was action-packed for the Indian startup ecosystem, with several major developments across sectors. From Fibe funding rounds to 360 One acquisition of ET Money from Times Internet, Roumers that Tata in talk to acquisition of Vivo India's Operation, InsuranceDekho Acquisition talk of BankSathi, startups made headlines with their innovative solutions and strategic moves. In this weekly roundup, we bring you the top stories from the Indian startup world.

Weekly News Roundup from Indian Startup

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• Fairplay app: ED raids Mumbai and Pune seized INR 8 Cr assets linked to the Fairplay app case. Learn about the illegal activities and the ongoing probe.
• ET Money: Discover how 360 One Acquires ET Money is reshaping India's wealth management landscape. Explore the deal's details, and benefits.
• Dixon Technologies: Dixon Technologies plans to invest up to INR 1,800 Cr to expand production and enter the electric vehicle sector, boosting India's.
• GROWW:In May 2024, Groww Surpasses 1 Cr Active Investors and becomes top largest trading platform with zerodha and upstox
• Qiro Finance: Discover how Qiro Finance secures funding from Alliance and others, fueling its DeFi revolution. Learn about their plans for growth.
• Indigrid Technology: Discover how Indigrid Technology secures $5M in funding to drive EV innovation, expand production, and advance R&D in the electric vehicle.
• Jupiter: Jupiter Secures RBI Approval for Prepaid Wallet enabling digital wallets for UPI payments, fund transfers, and bill payments, with plans to introduce.
• InsuranceDekho: InsuranceDekho is in final talks to acquire a majority stake in BankSathi, enhancing its credit product offerings and marking its third.
• Fibe:Fibe Raises $90M in Series E funding led by TR Capital, Trifecta, and Amara Partner. Funds will fuel business expansion and diversify.
• HOCCO: Discover how Hocco's valuation soared to INR 600 Cr with fresh funding. Explore its expansion plans and celebrity investor backing.

Important Updates for Indian Technology Business

• SEBI Launches Free Online Certification Course for Investor
• Ixigo IPO: Subscription Grow 98.34X, INR 740 Cr Target Achieved
• Sixth Sense Ventures Launches INR 2,500 Cr Fund for Startups
• KB NBFC Raises $32M in Debt Financing for Business Expansion
• SabPaisa Receives RBI Approval for Payment Aggregator License
• TRAI Slams the Brakes on Rumor Mill Over Mobile Number Fee Fiasco
• ICAI Adopts AI to Modernize Accounting & Auditing
• Tata Potential Acquisition of Vivo’s India Unit Majority Stake