Shashank Kumar News Today

Happy Wednesday! Homegrown startups are stepping on the pedal for their move back home. This and more in todays ETtech Morning Dispatch.

For Harshil Mathur, a nine-to-six corporate job was always dull, as he loves tackling new challenges every day. This drive led the IIT-Roorkee graduate to launch Razorpay in 2014, along with fellow alumni Shashank Kumar. The Bengaluru-based startup, now valued at $7.5 billion (approx Rs 63,000 crore), was once seen as an average idea and was rejected by 100 banks.

The pandal caught fire during the bursting of firecrackers, eyewitnesses said.

The deceased were identified as Sunil Paswan (26), Lila Devi (23), Kanchan Devi (26), Siddhanth Kumar (4), Shashank Kumar (3) and Sakshi Kumari (5). Three cows were also killed in the fire, police said

The incident happened around 11.15 pm on Thursday in Alinagar in Bahera police station area, they said.

In response to the devastating incident, Darbhanga’s District Magistrate (DM) has initiated a thorough investigation to ascertain the precise cause of the fire. This probe aims to uncover any lapses or negligence that may have contributed to the tragic loss of life. - Newsx

Razorpay said this infrastructure can handle up to 10,000 transactions per second, at any given time, and enable five times faster access to UPI innovations for businesses.

The stock market regulator has greenlit coworking startup Awfis IPO plans. Details on this and more in todays ETtech Top 5.

ETSA 2021: IPOs still very much on top startups’ menu : Rashtra News #ETSA #IPOs #top #startups #menu Bengaluru: Top-tier Indian startups with strong fundamentals will continue to take the IPO route even as the public markets stay volatile and there is increased regulatory scrutiny of new-age companies, said policymakers, founders and investors at the

This development comes when venture capital-backed agriculture technology startups are struggling to scale margins on mainstay business and have pared workforces to cut costs.