ED raids edtech startup Odaclass for illegally remitting INR 82 Cr to China
Shortpedia
Content Team
Image Credit: NDTV
The Enforcement Directorate said it conducted search and seizure operations at Bengaluru-based edtech startup Odaclass, fully owned and controlled by Chinese nationals, for flouting foreign exchange norms. “ED has conducted search and seizure action under the provisions of FEMA in the case of Pigeon Education Technology India Private Limited. The company is providing online education in the name of Odaclass,” the agency said
