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…
Indian cryptocurrency exchange WazirX suffered a security breach on Thursday, resulting in the temporary suspension of all withdrawals. The breach involved the transfer of approximately $230 million from one of WazirX’s multisig wallets to an unknown address. Web3 security firm…
Summary: AstroTalk, an online astrology platform, raised ₹78.3 crore in a Series A funding extension from Left Lane Capital and Elev8 Capital. Founded in 2017 by Puneet Gupta and Anmol Jain, AstroTalk connects users with astrologers and other experts via the internet,…
Candi Solar, a leading solar energy solution provider based in Mauritius, has successfully raised $38 million in its Series C funding round. This significant capital injection attracted several investors dedicated to advancing modern clean energy systems, including EDFI ElectriFI, an…
Key Points: Absolute Sports, a sports media platform and subsidiary of Nazara Technologies, has completed the acquisition of SoapCentral.com, a US entertainment content website, for an all-cash deal worth $1.4 million (approximately Rs 11.6 crore). The transaction, facilitated through its…
Daily Indian Startup News and Funding Alert – 25 July 2024 Funding News WTF Secures Seed Funding Led by Dholakia Ventures WTF, a technology-driven platform for modernizing neighborhood gyms, has closed its seed funding round led by Dravya Dholakia of…
Key Points: Matel, a dynamic player in the electric vehicle (EV) component manufacturing sector, recently announced securing a significant $4 million in funding. Transition Venture Capital spearheaded this funding round, indicative of the growing investor interest in sustainable energy initiatives.…
Highlights: Perplexity AI, a startup pioneering artificial intelligence-driven search technology to rival Google, has achieved unicorn status after securing approximately $63 million in a recent funding round, catapulting its valuation to over $1 billion. Led by investor Daniel Gross, this…
Kedaara Capital Invests in Dairy Day: A Sweet Deal in the Ice Cream Industry In a significant move within the ice cream industry, Kedaara Capital has announced its maiden investment in Dairy Classic Ice Creams Private Limited (Dairy Day), a…