Ola Electric hits $3 billion in valuation; TCS lands MCX mandate; RBI's AFA rule kicks in; and Byju's Dev Roy on a new innovation hub

Ola Electric, the EV unit of ride-hailing business Ola, has raised over $200 million led by Falcon Edge, Softbank and others, at a valuation of $3 billion, the company said in a press release. Founder Bhavish Aggarwal also tweeted that the money will help Ola Electric accelerate its development of electric motorcycles and four-wheelers. In our tech conversation, Dev Roy—chief innovation and learning officer at Byju's—unpacks a new innovation lab