🇮🇳 Roundup: BharatPe sacks controller over charges of financial irregularity

Startups in India, including Presolv360, Gigforce, Shobitam, and Finarkein Analytics, raised at least US$5.3 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:

BharatPe sacks company controller over financial fraud charges

Madhuri Jain, BharatPe’s controller and wife of co-founder Ashneer Grover, has been reportedly sacked from the company over charges of misappropriation of funds.

Jain’s departure comes after she had written to consulting firm Alvarez & Marsal, questioning their independent probe into BharatPe’s alleged irregularities.

BharatPe’s board had brought in Alvarez & Marsal to look into the startup’s internal governance practices. Jain and Grover have been on leave since January 19 and January 20, respectively.

LinkedIn’s creator-accelerator program comes to India

The 10-week incubator-style initiative aims to support up to 200 creators on the professional networking platform.

Shortlisted creators will get access to LinkedIn’s community management team, educational workshops, creator-to-creator networking, and mentorship opportunities with popular LinkedIn influencers, including Nearbuy founder Ankur Warikoo and Nas Academy’s Nuseir Yassin.

The creator-accelerator program is part of LinkedIn’s US$25 million commitment to supporting creators globally. India is the second market after the US to host the program.

AngelList India partner launches US$45 million fund for Indian founders

Utsav Somani’s Galaxy fund will focus on early-stage startup founders, between seed and series-A stages.

Shortlisted founders will receive US$1 million each to invest in startups. The Galaxy will run independently from AngelList, Somani told the Economic Times.