The EU competition enforcer launched an investigation into Facebook in June last year, focusing on whether the social network unfairly use advertisers' data to compete with them in the online classified ads sector.
Parlement Technologies and Ye had announced plans for the deal in October. At the time the company said it expected the deal to close during the fourth quarter of 2022.
The licences of ANI Technologies (Ola) and Uber Technologies Inc. for Bengaluru had expired in June and December 2021, respectively, but their operations have remained unaffected because of a court order that stopped authorities from taking “any coercive action” after the companies argued that they are not transport operators and only provide the technology platform.
The new allegations underscore the issues that Meta's planned system would counter. Meta said it was reviewing the complaint and did not provide immediate comment on it or the status of the planned changes.
According to a presentation made before analysts, One97 Communications (OCL) said the company at present, earns net payment margin of 7 to 9 basis points (bps) of gross merchandise value (GMV) on processing.
Sofina Ventures and Temasek co-led the Series E funding, with other existing investors RTP Global Partners, Prosus Ventures and Lightrock India also participating in the round.
On Monday, the world's richest person Elon Musk criticized the fee Apple charges software developers - including his Twitter business - for in-app purchases, and posted a meme suggesting he was willing to "go to war" rather than pay it.