🇮🇳 Roundup: Amazon may file criminal case against Future Group

Startups in India, including Pocket FM and Filo, raised at least US$88 million in funding today from international and local investors.

Here’s a snapshot of the fundraising:

Here’s some important tech news from India today:

Amazon plans to sue its India partner

Amazon is reportedly considering a criminal court proceeding against Future Retail over the transfer of the latter’s assets to Reliance Group.

Mukesh Ambani-owned Reliance reportedly transferred leases of some Future Group supermarkets to itself but allowed the latter to run their operations. Reliance, however, is now taking over these assets over a failure to make rental payments.

Amazon and Future Group have been locked in a bitter legal tussle for more than a year. The stand-off has also led to the stalling of Future Group’s US$3.4 billion assets sale to Reliance.

Practically acquires edtech ERP firm

Practically said the acquisition of Fedena, an enterprise resource planning (ERP) firm, will help the former provide a comprehensive suite of solutions, including administrative and support tools, to schools.

Fedena’s solutions are used by 40,000 institutions across over 180 countries, with India, the Middle East, Africa, and Southeast Asia being its top markets.

Founded in 2018, Practically uses new-age technologies such as augmented reality, simulations, and 3D videos for STEM learning with a focus on students from classes 6 to 12.