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…

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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…

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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…

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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

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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…

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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…

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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.…