Cars24 zooms to $3B valuation; Behind the Paytm IPO debacle

We’d leave the year-end musings for a later edition of the newsletter but for now, we have a mix of scooplets, exclusives, and a deep dive into Paytm’s IPO to charge you up for a brand new week.

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RBI-backed CBDC likely to feature in crypto bill: official

Terming the Centre’s bill as a response to the central bank’s concerns about macro-economic stability, the official said the “government’s response is not to ban cryptocurrencies but rather to provide cryptocurrency via the RBI.”

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Cars24 may hit $3 billion valuation in new funding round

Cars24 is considering a secondary share sale as part of the round, but it hasn’t been finalised yet.

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Slice turns unicorn after raising $220 million from Tiger Global, Insight Partners

Post this funding, the Bengaluru-based startup is valued at over $1 billion—a five times increase since its previous funding round six months ago.

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Crypto exchanges see their new sign-ups dip amid uncertainty

Crypto exchanges have recorded a 15-50% drop in new sign-ups in November so far. They have also posted a dip in their monthly transactions after some investors squared off positions and adopted a “wait and watch” mode.

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TomTom working on mapping platform for emerging markets

A large part of the development is happening out of India, which has about a quarter of its total employee base.

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French gaming company Gameloft partners with WinZO

India accounts for 12%, or more than 150 million people, of Gameloft's downloads, but it accounts for only 0.6% of the company’s worldwide income, making it a high-potential yet underutilised market.

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