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The seventh edition of ET Startup Awards—the most prestigious recognition for Indian entrepreneurs—kicked off earlier this week to capture the best of the never-seen-before exuberance in the Indian startup ecosystem.
Oyo is aiming for a valuation of $12-15 billion for its upcoming IPO, in which some investors will sell parts of their holdings. These won’t include Oyo’s founder Ritesh Agarwal, however, who is likely to hold on to his entire stake.
Today's the big day we've all been gearing up for here at ETtech, as The Economic Times Startup Awards (ETSA) 2021 elite jury meets to pick the winners across nine categories.
Tech Bytes
What's new in China's crackdown on crypto?
While China has been putting in place increasingly stricter rules on virtual currencies, it has now made all activities related to them illegal and sent a signal of intent they plan to get even tougher on enforcing the rules.
Uber to roll out pension plans for UK drivers
Uber said it would contribute 3% of a driver's earnings into a pension plan, while drivers can choose to contribute a minimum of 5% of their qualifying earnings.
Chinese gaming firms vow self-regulation amid crackdown on teen addiction
The companies also pledged to crack down on content that distort history or promote "effeminate" behaviour and will also work to prevent breaches of these rules, such as the use of foreign gaming platforms.