The micro, small and medium enterprises or MSME-focused lender will use the funds to grow its loan book, invest in technology, expand geographically and further its vision of enabling financial inclusion at scale.
GoTo, formed last year by the merger of ride-hailing-to-payments firm Gojek and e-commerce leader Tokopedia, surprised some investors and analysts when it launched its IPO process earlier this month, braving turbulence in global equity markets.
Further hearings on the findings of the probe will begin shortly, the sources said. Google will then have a chance to present its argument, following which a verdict will be given. One of the sources said CII “is quite convinced that the policy will definitely harm developers if implemented”.
In addition, the regulator also examined allegations that Google used ‘‘search manipulation’ to push Google Pay. CCI has directed the Reserve Bank of India to look into the matter, the sources added.
At the vanguard of this drive into India will be former SoftBank investor Deep Nishar, who joined General Catalyst in January, and former Snapdeal and Meta (the erstwhile Facebook) executive Anand Chandrasekaran.
A division bench of Justices Poonam Bamba and Rajesh Shakdher adjourned the matter after WhatsApp’s counsel, senior advocate Harish Salve, said the Personal Data Protection Bill was yet to be passed by Parliament.
Development centres in India and other centres in the East aid in making products for the local or the “mass mid-market segment” and are not just back offices, Honeywell International's global chief technology officer, Suresh Venkatarayalu, told ET.
