🇮🇳 Roundup: BharatPe co-founder seeks legal aid to protect stake in firm, more

Startups in India, including Kisanwala and Bold Finance, raised at least US$1 million in disclosed funding today from investors.

Here’s a snapshot of the fundraising:

Here’s some important tech news from India today:

BharatPe co-founder seeks legal aid to protect stake in firm

Ashneer Grover has reportedly hired New Delhi-based law firm Karanjawala & Co. to protect his 9% share in BharatPe and prepare for a possible ouster from the company’s board.

The fintech firm is conducting an investigation and audit over financial irregularities, with Grover and his wife under scrutiny. It has hired Alvarez & Marsal, a management consultant and risk advisory firm, for the probe.

This investigation is supposedly looking at multiple discrepancies in invoicing and payments, as well as at transactions causing a conflict of interest. Meanwhile, Grover is currently on voluntary leave.

Live video infrastructure firm eyes up to US$18 million raise

Accel, Matrix, and Falcon Edge’s Alpha Wave are reportedly leading the upcoming round in 100ms.

The potential investment comes months after 100ms raised US$4.5 million in seed funding for product development and talent acquisition.

The startup is supposedly eyeing a valuation of US$100 million after the new round.

UpScalio invests in home and gardening brand Truphe

The ecommerce roll-up company aims to boost Truphe’s annual recurring revenue to nearly US$6.7 million in two years.