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Listen here or wherever you get your podcasts. Hello, and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Wednesday show, where we sit down with a critical person in the world of startups or venture, and dig into what they are building. Today — ahead of our relaunch of our Wednesday episode that we discussed earlier this week — we have an interview to share featuring TechCrunch’s very own Morgan Sung and Shruti Dwivedi, the…

In the backdrop of an investigation by India's federal financial probe agency Directorate of Enforcement (ED), edtech startup Byju's founder and chief executive Byju Raveendran wrote to the company's employees saying all of its cross-border transactions have been duly vetted by professional advisors and counsels.ET has reviewed a copy of the email sent to Byju's employees late Saturday.The ED has conducted search and seizure actions on several premises linked to the company in Bengaluru. ED had conducted these searches as…

TRAI's apprehensions over potential dilution of powers under the draft telecom bill have been addressed, and the government may look at the option of taking up provisions related to strengthening of the regulatory body separately at a later stage, DoT sources said.On over-the-top (OTT) communication apps, sources said, the focus is on user protection related regulation, not licensing. The Department of Telecommunications (DOT), through the provisions of the draft bill, will come down heavily on spammers and those…