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The court said police can freeze bank accounts during an investigation without prior Magistrate approval, while also upholding scrutiny of Jar’s digital-gold business under criminal law.
In his new role, he will focus on helping the company tailor its AI products to meet the needs of customers in European and African markets.
With these approvals, Skydo can now facilitate both incoming and outgoing international transactions for Indian businesses.
The investigation unit has registered a case under the Banning of Unregulated Deposit Schemes (BUDS) Act, 2019, and the probe is on.
The startup will use the fresh capital to boost its product suite and expand its team at offices in New York, San Francisco, Tampa, and Bangalore.
Jar's net loss narrowed significantly to Rs 50.5 crore in FY25 from Rs 104 crore in the previous fiscal.
