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The Supreme Court on Tuesday granted shaadi.com founder Anupam Mittal and two others protection from arrest for two weeks in a case related to alleged fraud by a user of the matrimonial platform. A bench of Justices Prashant Kumar Mishra and N V Anjaria set aside a Telangana High Court order refusing to quash the proceedings against Mittal and sent the matter back to the high court for fresh consideration. The apex court also asked Mittal to approach the high court for interim bail. The case stems from a Hyderabad woman's allegation that she was defrauded of Rs 11 lakh by a man who used a fake profile on shaadi.com and that the platform failed to properly verify user details. "Since the quashing petition has not been decided on merits, we set aside the impugned order and remit the matter to the high court to consideration on merits. Accordingly the criminal cases are restored to their original file. The same shall be dealt with by the high court on its merits. This court has not ...
Betterhalf, a matrimony app for urban Indians, has raised USD 8.5 million in funding from FinSight Ventures and various investors including Mike Krieger, co-founder of Instagram, Arash Ferdowsi, co-founder of Dropbox and others. The other key investors who participated in the round included Rebel Fund, Nurture Ventures, Leonis Investissement, Derek Callow (Ex CMO of Bumble), Scott Belsky (Founder of Behance), Brendan O'Driscoll (Ex Product Head of Spotify), Manik Gupta (Ex-CPO or chief product officer of Uber), Punit Soni (Ex CPO of Flipkart), and Ravish Naresh (co-founder and CEO of Khatabook). Betterhalf, in a statement, said it has raised USD 8.5 million in funding from FinSight Ventures (Bumble ex-investor), Instagram co-founder as well as others. Betterhalf, said it is "uniquely positioned as a new-age matrimony platform" and "envisions building a super app unicorn of Indian matrimony and full-stack tech-enabled wedding services as the company's growth pillars". "Betterhalf is