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Ola And Uber Should Be Regulated: Supreme Court

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Ola And Uber Should Be Regulated Supreme Court,Startup Stories,2017 Business Latest News,Inspirational Stories 2017,Regulation Needed for Ola And Uber to Ensure Woman Safety,Supreme Court Rules for Ola and Uber on Woman Safety

The Supreme Court stated today, all the app based transport service providers like Uber, Ola and RedBus need to be regulated to adopt a stricter stance on women’s safety. The remarks by the SC Bench were made after senior advocate Indira Jaising said several incidents of crimes committed by the drivers of such services were reported recently.

The Centre will be examining the issue and will also set up a regulatory mechanism for the Internet based service providers. A bench consisting of Justices Madan B. Lokur and Deepak Gupta agreed to examine the plea after it was alleged that some of the companies are foreign based and were not willing to come within the jurisdiction of the Indian courts. The hearing for creating a regulatory regime is scheduled for 7 December 2017. “The issue of regulating public transport including internet based taxi services will be taken up on December 7,” the bench said.

According to Indira Jaising, who will be assisting the bench as the amicus curiae, app based taxi service providers do not conduct background checks on drivers. Citing the recent ban enforced on Uber in London, she added the operators have left the commuters vulnerable to sexual harassment and other crimes. “These companies who run the app based tax services do not have company headquarters in India. It is very difficult to hold them accountable for any crime committed by their drivers,” Jaising added. Additional solicitor general Pinky Anand has been asked to examine the issue and respond to measures to be taken to ensure safety and security of commuters.

The bench has also asked the National Legal Services Authority (NALSA) to set up an expert panel to frame a model that sets guidelines and rules for granting compensation to victims under the Victim Compensation Scheme by December 31. The expert panel consisting of 4 to 5 persons will also take into consideration suggestions from Jaising. “The Chairperson or the nominee of the Chairperson of the National Commission for Women should be associated with the Committee,” the bench further added.

The bench will hear all the matters concerning regulating the public transport and app based taxi providers and victim compensation scheme on January 9, 2018.

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Zepto Prepares for IPO with $250 Million Secondary Share Sale to Boost Domestic Investor Ownership

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Zepto Prepares for IPO with $250 Million Secondary Share Sale to Boost Domestic Investor Ownership

Zepto, the Bengaluru-based quick commerce startup, is preparing for its initial public offering (IPO) by facilitating a secondary share sale worth up to $250 million. This strategic move aims to increase Indian investor ownership from approximately 33% to nearly 50% before the anticipated public listing later this year or early next year.

Funding and Investor Details

The secondary sale will involve private equity firms, including Motilal Oswal Financial Services and Edelweiss Financial Services, allowing existing investors and employees to liquidate their shares. Although Zepto will not raise additional capital through this transaction, it is expected to execute the sale at a valuation of just over $5 billion, consistent with its last funding round in November 2024.

Objectives Behind the Sale

The primary goal of this secondary share sale is to enhance domestic ownership in Zepto, aligning with regulatory preferences and making the IPO more attractive to local institutional investors. Co-founders Aadit Palicha and Kaivalya Vohra currently hold about 20% of the company, and increasing Indian shareholder stakes is seen as a way to strengthen governance and influence over the company’s future direction.

Market Context

Zepto operates in India’s competitive grocery delivery market, facing challenges from established players like Amazon India, Swiggy, Zomato, and BigBasket. Founded in 2021 by Palicha and Vohra after they dropped out of Stanford University, Zepto has quickly gained traction in the quick commerce sector.

Conclusion

As Zepto approaches its IPO, this secondary share sale represents a crucial step in solidifying its position in the Indian market. By boosting domestic investor participation, Zepto aims to enhance its credibility and appeal as it prepares for a public listing amidst a wave of Indian startups entering the stock market.

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Regional OTT Platform STAGE Raises $12.5 Million to Expand Bhojpuri and Cultural Offerings

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Regional OTT platform STAGE has successfully raised $12.5 million in its Series B funding round, a move that highlights the increasing demand for regional content in India. The round was co-led by Goodwater Capital and Blume Ventures, with participation from Physis Capital and several angel investors.

The funding includes $10 million in primary capital and $2.5 million from secondary share sales, allowing early investors to partially exit. This capital will enable STAGE to enhance its content offerings, particularly in underserved languages like Bhojpuri, while strengthening its technological capabilities.

 

Since its launch in 2019, STAGE has quickly established itself as a leader in the regional OTT market, reporting an Annual Recurring Revenue (ARR) of ₹180 crore (approximately $21.7 million) and over 4.4 million paying subscribers. The platform has achieved over 20 million app installs and experienced significant growth, with a 289% increase in revenue and a 286% rise in subscribers over the past year, driven by original series such as Videshi Bahu, Kaand 2010, and Bhawani.

 

CEO Vinay Singhal emphasized that this funding is not just financial support but a validation of India’s diverse regional cultures. He noted that dialects like Haryanvi and Bhojpuri should be celebrated rather than viewed as liabilities. With this new funding, STAGE plans to further invest in content creation and technology development to enrich its storytelling experience.

 

As the demand for regional language content continues to grow, STAGE’s strategic investments position it well to expand into more languages and cultural narratives, solidifying its place in the competitive OTT landscape alongside platforms like aha video and Chaupal.

 

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From Space to Earth: Sunita Williams’ Inspiring Journey and Homecoming Celebration

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Sunita Williams, the celebrated Indian-American astronaut, recently returned to Earth after an extended nine-month mission aboard the International Space Station (ISS). Initially scheduled for just eight days, her mission was prolonged due to technical issues with the Boeing Starliner spacecraft, which rendered it unsafe for their return.

On March 19, 2025, Williams and fellow astronaut Butch Wilmore safely splashed down off the Florida coast. 

 

Their homecoming was celebrated in Jhulasan village, Gujarat, where special prayers and rituals were held to honor her safe return. Family members expressed their joy and gratitude, emphasizing her strong ties to her ancestral home.

Upon her return, Williams received accolades from Indian officials, including a letter from Prime Minister Narendra Modi, who expressed pride in her achievements and resilience. He highlighted the inspiration she provides to future generations of scientists.

 

While her return marks a moment of celebration, it also signals the start of new challenges. After spending 286 days in space, Williams will undergo a 45-day rehabilitation period to readjust to life on Earth and regain physical strength.

Sunita Williams’ journey serves as an inspiration not only for India but for aspiring scientists worldwide, showcasing the significant contributions of Indian-origin individuals in global space exploration.

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