Valar Ventures-backed Simpl faces probe for FDI rule violations
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Valar Ventures-backed Simpl faces probe for FDI rule violations

By Asha Menon

  • 23 Jul 2025
Premium
Valar Ventures-backed Simpl faces probe for FDI rule violations
Nitya Sharma, founder and CEO, Simpl

Buy-now-pay-later platform Simpl, which counts venture capital firm Valar Ventures as an investor, is facing a probe by the Enforcement Directorate for violation of the Foreign Exchange Management Act (FEMA).  The ED on Wednesday accused Simpl, operated by One Sigma Technologies Pvt Ltd and led by founder and CEO Nithya Sharma, ......

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