Check out BWM's Merch - https://merchter.com/stores/backstage-with-millionaires  This week in Indian Startup News: Karnataka government bans Ola, Uber and Rapido Auto, Byju's are going to layoff 2,500 employees, RBI to soon pilot Digital Rupee  ------------------------------------------------------------------------------------------------------------------------------------------------  Karnataka government bans Ola, Uber and Rapido Auto: 1. The transport department of Karnataka issued a notice to Ola, Uber and Rapido following complaints about them over charging customers  2. The companies have been accused of charging higher than prescribed fares for auto rides, and the department has sought a compliance report from them  3. The notice stated: "The cab-aggregator apps are in violation of the Karnataka On-Demand Transportation Technology Aggregators Rules, 2016 by running auto services"    Byju's are going to layoff 2,500 employees:   1. Byju's said that it has laid off 2,500 employees to its piling up control losses.  2. Byju's will also be consolidating its K-10 acquired businesses such as Toppr, HashLearn, Scholar, among others, into one business unit.  Funding this week:   This week at least 6 Indian Startups raised more than $1 Million, in total raising $328 Mn. These are the top three-   1. Adda247 raised $35 Million  2. Pillow raised $18 Mn  3. Good Health Company raised 10 Million   RBI to soon pilot Digital Ruppee   1. On 7th of Ocotber, the RBI released a concept note for Digital note.  2. On the concept note, the RBI said that it aims to create awareness about digital currencies in general and the planned features of the digital rupee  3. The RBI said that the main motivation for exploring the issuance of CBDC in India is the reduction in operational costs involved in physical cash management    Quick Update:   Dhoni invests in a plat-based meat startup!  1. MS Dhoni has invested an undisclosed amount of equity funding in plant-based meat startup Shaka Harry.   2. Shaka Harry will form a partnership with Dhoni to expand customer reach and introduce new product offerings.  3. The startup said it is currently serving 30,000+ customers across 10 cities on a monthly basis   ------------------------------------------------------------------------------------------------------------------------------------------------   Media Handles:   Twitter: https://twitter.com/bwmillionaires/   LinkedIn: https://www.linkedin.com/company/backstagewithmillionaires/   Instagram: https://www.instagram.com/backstagewithmillionaires/   Discord: https://discord.gg/XySGGhXKep Podcast: https://anchor.fm/bwmillionaires   Follow Backstage with Millionaires to remain updated with our latest developments.