Funding Alert | Startup Updates

The Indian government has abolished the angel tax, formally known as Section 56(2)(viib) of the Income Tax Act, which was introduced in 2012 to target investments in unlisted companies.

In a significant move to support India’s startup ecosystem, Finance Minister Nirmala Sitharaman announced the scrapping of the angel tax.

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…

Funding Alert

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.

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…

Funding Alert

WazirX Faces Security Breach After Suspicious $230 Million Transfer

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…

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AstroTalk Secures ₹78.3 Crore in Series A Extension from Left Lane Capital and Elev8 Capital

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…

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Elon Musk’s XAI Secures $6 Billion Investment from Valor, Andreessen Horowitz, and Sequoia

Key Points Funding Achievement: XAI raised $6 billion in a landmark funding round. Major Investors: Valor Equity Partners, Andreessen Horowitz (A16Z), and Sequoia Capital. Company Vision: Develop advanced AI systems…

Startup News Funding Alert

Indian Startup News & Funding Alert – Daily Roundup

Daily Indian Startup News and Funding Alert – 29 July 2024 Funding News D2C haircare brand Moxie Beauty raises Rs 17.3 Cr Moxie Beauty, a D2C haircare brand based in…

RED.Health raises $20M in Series B funding led by Jungle Ventures

Funding Alert

Hyderabad-based medical emergency response startup secures $20 million in Series B funding led by Jungle Ventures

Key Points: Funding Round: RED.Health, a Hyderabad-based medical emergency response startup, secures $20 million in Series B funding led by Jungle Ventures, with participation from existing and new investors, including…

Funding Alert

Indian Startup Weekly Funding Roundup [5 May – 11 May, 2024]

Key Points: Total Funding: Indian startups raised a total of $220.2 million in funding over the week of May 5 to May 11, indicating a slight decline compared to the…

Funding Alert

Kedaara Capital Makes Strides in the Ice Cream Industry with Dairy Day Investment

Kedaara Capital Makes Strides in the Ice Cream Industry with Dairy Day Investment In a landmark move, Kedaara Capital, a prominent private equity firm, has marked its entry into the…

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Engrail Therapeutics Secures $157M Series B Funding for Clinical Neurotherapy Development

Engrail Therapeutics Secures $157M Series B Funding for Clinical Neurotherapy Development San Diego-based Engrail Therapeutics has announced a significant milestone in its journey towards advancing neuroscience research and treatment options.…