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India Gazette
2 days ago
- India Gazette
Bengaluru Police raid bars and restaurants in West Zone; 19 establishments booked for multiple violations
Bengaluru (Karnataka) [India], June 20 (ANI): The Bengaluru City Police conducted a special raid across multiple bars and restaurants in the West zone, revealing several violations, including illegal employment of female staff and breaches of health, excise, and police regulations, officials said on Thursday. According to a statement by the Karnataka Police, the raids were conducted after the Bengaluru Police Commissioner received credible information regarding illegal activities at certain establishments. The operations were conducted at bars and restaurants located under the jurisdictions of Upparpet, Cottonpet, Kalasipalya, Cubbon Park, and Ashoknagar Police Stations. As per the release, 11 special police teams were formed to carry out the raid in the West zone. During the raid, it was found that 19 bars and restaurants were violating regulations by employing female workers who were provocatively dressed and standing near customers' tables in an indecent manner. Further violations observed included the absence of appointed female security guards, and a lack of cleanliness in kitchen areas. Not designating or maintaining a proper smoking zone and operating beyond permitted hours, it said. Customers who violated COTPA (Cigarettes and Other Tobacco Products Act) regulations were fined on the spot. Reports have been submitted to the respective police stations for further legal action against the owners of the bars and restaurants. Another significant finding was that violations were not limited to police regulations but also extended to health and excise departments. These findings have been communicated to the concerned departments, requesting appropriate action. Strict monitoring will continue for these commercial establishments in the coming days. If found violating regulations again, their licenses will be cancelled. If the public faces any inconvenience or notices any such violations, they are encouraged to call the helpline number/Namma 112. The identity of informants will be kept confidential, the release said. This special raid operation was conducted under the guidance of C. Vamsi Krishna, IPS, Joint Commissioner of Police, West Zone. Under the leadership of S Girish, IPS, Deputy Commissioner of Police, West Division, with the involvement of officers and staff from the Central and West Divisions as part of the 11 special police teams, it added. (ANI)
Hans India
3 days ago
- Hans India
Bengaluru Police raid over 17 bars for illegally employing female servers, engaging in unlawful activities
Bengaluru: The Bengaluru Police have raided 17 bars across the city on charges of illegally employing female servers and engaging in unlawful activities. The bars were also conducting overtime operations and obscene dances, violating the Cigarettes and Other Tobacco Products Act (COTPA). A statement released in this regard by the office of the Bengaluru City Police Commissioner on Friday stated that 11 special teams had conducted raids and found violations of guidelines. The Bengaluru City Police Commissioner received credible information that several bars and restaurants in the West zone of the city were illegally employing female servers and engaging in unlawful activities. Based on this information, 11 special police teams were formed in the West zone. "A special raid was conducted on bars and restaurants falling under the jurisdictions of Upparpet, Cottonpet, Kalasipalya, Cubbon Park and Ashoknagar Police Stations,' the statement said. During the raid, it was found that 19 bars and restaurants were violating regulations by employing female workers who were provocatively dressed and standing near customers' tables in an indecent manner. Further violations included the absence of appointed female security guards, lack of cleanliness in kitchen areas, not designating or maintaining a proper smoking zone and operating beyond permitted hours, the statement said. Customers who violated the Cigarettes and Other Tobacco Products Act (COTPA) regulations were fined on the spot. Reports have been submitted to the respective police stations for further legal action against the owners of the bars and restaurants, according to the statement. Another significant finding was that violations were not limited to police regulations but also extended to health and excise departments. These findings have been communicated to the concerned departments, requesting appropriate action. Strict monitoring will continue for these commercial establishments in the coming days. If found violating regulations again, their licences will be cancelled, the statement said. "If the public faces any inconvenience or notices any such violations, they are encouraged to call the helpline number. The identity of informants will be kept confidential,' Bengaluru Police said in the statement. This special raid operation was conducted under the guidance of C. Vamsi Krishna, Joint Commissioner of Police, West Zone, and under the leadership of S. Girish, Deputy Commissioner of Police, West Division, with the involvement of officers and staff from the Central and West Divisions as part of the 11 special police teams.
Mint
6 days ago
- Business
- Mint
Vedantu eyes $10–15 million from existing backers via convertible equity
K-12 online tutoring unicorn Vedantu is in talks to raise $10–15 million in a convertible equity round from its existing investors, two people with direct knowledge of the discussions told Mint. The company is looking to shore up capital as it chases full-year profitability and offline growth ahead of an initial public offering (IPO) over the next two years. This comes at a time when new investments in edtech startups have slowed significantly, with founders and investors increasingly at odds over the valuation benchmarks set during the boom years of online learning in 2020–21. Also read: Plenty of courtships, but no one's tying a knot in Indian edtech 'There continues to be a mismatch in valuation, so the company is in talks to raise a convertible equity round with most of its existing investors participating," said the first of the two persons cited earlier, both of whom spoke on the condition of anonymity. Existing investors include ABC World Asia, Accel, Tiger Global, WestBridge Capital, and Omidyar Network India. Unlike traditional equity rounds, where investors receive shares immediately, convertible equity delays both the valuation and the issuance of shares, until typically a priced funding round or IPO. Convertible rounds have increased in the startup ecosystem, as it started to see more down rounds after the pandemic-led boom in tech valuations, where investors wanted to bet on companies at a lower valuation than the last round. 'Multiple conversations keep happening. Nothing is on paper. We continue to explore and engage people and can potentially look to raise at opportune terms. We have been receiving multiple inbounds because of our growth and profitable numbers," said Vamsi Krishna, co-founder and CEO of Vedantu, in response to Mint's queries. Financial health Founded in 2011, Vedantu is a hybrid test preparation platform that offers both online and offline learning, boosted by its acquisition of offline player Deeksha. The company became a unicorn in September 2021 after raising $100 million in a Series E round led by ABC World Asia. The company has also regularly tapped venture debt from firms like Stride Ventures, Innoven Capital, and Alteria Capital, typically in the range of ₹8–15 crore, to support working capital needs. The potential fundraise comes ahead of Vedantu's planned IPO of $150–200 million, targeted between late 2026 and 2027, aimed at providing exits to early investors and raising growth capital, as Mint reported earlier in March. Vedantu's consolidated operating revenue rose 21% year-on-year to ₹184 crore in FY24, while losses narrowed by 58% to ₹157 crore. In FY25, the company reportedly achieved profitability in Q4, closing the year with ₹284 crore in revenue, up 55% from the previous year. It also reduced its cash burn by 30% to ₹70 crore. Also read: After edtech crash, study-abroad was the bright spot. Now, it faces testing times
The Hindu
13-06-2025
- The Hindu
DIG C. Vamsi Krishna appointed as Joint Commissioner (West), Bengaluru
Deputy Inspector General of Police (DIG) C. Vamsi Krishna, a 2009-batch Indian Police Service (IPS) officer, has been appointed as Joint Commissioner (West), Bengaluru, to replace Vikash Kumar Vikash, who was suspended on June 6 over the stampede at M. Chinnaswamy stadium that killed 11. The post was earlier held by an Inspector General of Police (IGP) rank officer — which is still the case in the East division. However, with the appointment of a DIG rank officer in Mr. Krishna, the post has now been downgraded. This has created a situation where the East division has an Additional Commissioner of Police, while the West division has a Joint Commissioner of Police. The posts of Deputy Commissioner of Police (DCP), Central Division, Assistant Commissioner of Police (ACP) and Police Inspector, Cubbon Park — also suspended, are yet to be filled. Rowdy parade held in city Meanwhile, after a long break, the city police held a rowdy parade in all divisions of the city on Friday. This comes days after there has been a change of leadership in the city police. Bengaluru City Police Commissioner Seemanth Kumar Singh told media persons that after taking charge, he had instructed the department to ensure the rowdy sheeter lists and their activities are updated. Campaign on women and child safety The new police chief on Friday held a meeting with all women police personnel in the city above the rank of a sub-inspector, to draw up strategies for women and child safety — which the commissioner said would be a top priority. He added that a lot of new initiatives had been taken up under the Safe City project, and that the police would encourage the public to visit the command centre and apprise themselves of these initiatives.
Time of India
08-05-2025
- Business
- Time of India
Vedantu turns profitable in Q4 FY25 with record collections: CEO Vamsi Krishna
Bengaluru-based edtech startup Vedantu achieved profitability in the quarter ended March 2025, with collections rising 67% year-on-year to Rs 90 crore, cofounder and CEO Vamsi Krishna announced on Thursday. #Operation Sindoor Live Updates| From Sindoor to showdown? Track Indo-Pak conflict as it unfolds India hits Lahore's Air Defence Radars in proportionate response Pakistan tried to hit military targets in these 15 Indian cities, New Delhi thwarts strikes 'Q4 (January–March 2025) was our strongest quarter ever. We hit Rs 90 crore in collections—a 67% YoY growth—and became profitable, generating over Rs 6 crore in free cash flow (FCF). This wasn't even our peak quarter, which puts us on a clear trajectory for a cash flow-positive FY26,' Krishna wrote in a LinkedIn post. According to Krishna, Vedantu ended FY25 with Rs 284 crore in collections, marking a 55% increase from the previous year, while also reducing its cash burn by 30% to Rs 70 crore. Founded in 2011 by Krishna, Anand Prakash, Saurabh Saxena, and Pulkit Jain, the K12 edtech firm became a unicorn in September 2021 after raising $100 million in a funding round led by Temasek-backed impact investing fund ABC World Asia. In FY24, Vedantu's operating revenue rose by 21% to Rs 185 crore, while its net loss fell by 58% to Rs 157 crore. The company has not yet filed its FY25 financial statements with the Registrar of Companies (RoC). Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Vedantu's online business grew 33% in FY25, with growth accelerating to 70% year-on-year in the last two quarters. Initially launched as an online education platform, Vedantu has since expanded by opening multiple offline coaching centres. Vedantu's quarterly profitability comes after a period of significant challenges. In FY22, the company reported a net loss of Rs 696.3 crore, a 13% increase from the previous year. Total expenses during this period rose by 19% to Rs 890.9 crore, with employee benefit expenses increasing by 20% to Rs 489.3 crore. To manage costs, Vedantu underwent multiple rounds of layoffs in 2022. Several edtech companies have shifted to offline models after experiencing a slowdown in online operations following the Covid-driven surge. Krishna acknowledged that the edtech sector, particularly K12, has faced challenges post-Covid but believes the negative outlook is exaggerated. In January, ET reported that this year could prove crucial for the sector as it aims to recover from the fallout of Byju's implosion by adopting sustainable business practices and focusing on delivering tangible results. Funding in the edtech sector nearly tripled to $608 million in 2024 from $207 million in the previous year, according to data from Venture Intelligence. However, this was still significantly lower than the $2.1 billion raised in 2022.
