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The acquisition comes just months after C2i Semiconductors raised Series A funding led by venture capital firm Peak XV Partners.
The fine was issued under the provisions of section 30(1) read with section 26(6) of the Payment and Settlement Systems Act, 2007.
The penalty stems from Paytm's purchase of e-commerce firm Little Internet nearly eight years ago.
The case stemmed from a technical glitch that occurred on January 23, 2024, which rendered Groww’s brokerage services inaccessible during trading hours.
