Summary: In Budget 2025-26, Finance Minister Nirmala Sitharaman announced a new scheme for five lakh women, SC, and ST first-time entrepreneurs to promote inclusive entrepreneurship and economic empowerment. The initiative aims to provide financial assistance, skill development, mentorship, and easier…
Summary: Whizzo, a pioneering materials science manufacturing startup, has successfully raised $4.2 million in its seed funding round. The investment was led by Lightspeed, with additional backing from BEENEXT. This funding will be instrumental in advancing research and development in…
Summary of Snabbit’s Funding Announcement : Snabbit, an on-demand home services app, has raised $5.5 million in a Series A funding round led by Elevation Capital, with participation from Nexus Venture Partners and notable angel investors. This follows the $1…
Summary: BlueMedix, a leading retail pharmacy chain in Eastern India, has raised $5 million in a pre-series funding round led by a Dubai-based family fund. With 130 stores across Bihar, Jharkhand, UP, and MP, the company plans to expand nationally, targeting…
Summary of KisaanSay’s Funding Milestone: KisaanSay, a direct-from-origin food brand that partners with farmer collectives across India, has raised $2 million in a pre-seed funding round led by Jungle Ventures through its First Cheque@Jungle platform. Additional contributions came from senior leaders…
Summary: Sarla Aviation, a Bengaluru-based aerospace startup inspired by India’s first woman pilot Sarla Thukral, has raised $10 million in a funding round led by Accel, with participation from prominent angel investors. Founded in 2024, the company aims to revolutionize…
Faridabad-based biomaterials startup Ukhi has successfully raised $1.2 million in a pre-seed funding round aimed at accelerating the development of sustainable packaging materials. The funding round, led by 100Unicorns, also saw participation from Venture Catalysts and angel investor Avtar Monga.…
New Delhi, November 2024 — Doodhvale Farms, a promising dairy startup based in the capital, has successfully raised $3 million in its Series A funding round, co-led by Atomic Capital and Singularity Early Opportunities Fund. The round also saw participation…
Summary: In a bid to enhance the startup ecosystem and promote innovation in India, Finance Minister Nirmala Sitharaman announced the removal of the angel tax. The angel tax, introduced in 2012 under Section 56(2)(viib) of the Income Tax Act, imposed…
Google has announced a significant price reduction for Google Maps services in India and will begin accepting payments in Indian rupees starting August 1, 2024. This move follows the recent launch of Ola Maps by ride-hailing giant Ola, which offers…