Three points you will get to know in this article: It appears that BYJU’S, the leading edtech company led by Byju Raveendran, is facing significant challenges and is considering the sale of Aakash Educational Services Limited, which is considered its most valuable asset. According to a report by ET, BYJU’S has engaged in discussions with private equity firms like Bain…
Three points you will get to know in this article: Mohammad Ali bin Rashed Lootah, serving as the President and CEO of Dubai Chambers, is optimistic about the potential of Indian startups to play a significant role in realizing the UAE’s ambitious target of elevating the digital economy’s share in the country’s non-oil GDP to 20% over the next decade.According…
Three points you will get to know in this article: Amidst the ongoing debate swirling around startups receiving notifications under Section 56(2)(viib), commonly known as the angel tax, and being tasked with presenting income tax returns (ITRs) from their stakeholders for the preceding three years, the Central Board of Direct Taxes (CBDT) has disseminated a circular to its esteemed senior…
Three points you will get to know in this article: Since the announcement in 2019 regarding the exemption of angel tax for startups, the Department for Promotion of Industry and Internal Trade (DPIIT) revealed that 8,066 startups, officially recognized by DPIIT, have successfully secured exemption from angel tax. This information was disclosed in response to a Right to Information (RTI)…
Three points you will get to know in this article: In contrast to its American counterpart, “Shark Tank India” is relatively youthful, yet it has garnered a dedicated fanbase. Ever since its debut in December 2021, the show has experienced an explosive surge in popularity. The Indian rendition of “Shark Tank” not only dominates discussions around Indian dinner tables but…
Three points you will get to know in this article: Renowned venture capital entity, Jungle Ventures, has introduced the First Cheque@Jungle initiative, aimed at supporting fledgling startups from ideation to the seed stage. Taking part in this initiative are Ramakant Sharma, the founder and COO of Livspace, Sayali Karanjkar, an entrepreneur and angel investor, and Cameron Priest, the founder of…
Three points you will get to know in this article: The digital consumer lending landscape in India is on track to exceed a remarkable $720 billion by 2030, making up a substantial 55% of the expansive $1.3 trillion-plus digital lending market within the nation.With a robust compound annual growth rate (CAGR) of 22%, the digital consumer lending sector is set…
Three points you will get to know in this article: In a significant stride forward, the insurtech startup Onsurity, with a keen focus on small and medium enterprises (SMEs), has triumphantly raised $24 million in its Series B funding round. The International Finance Corporation (IFC) spearheaded this round, demonstrating a strong endorsement of Onsurity’s mission. Noteworthy participation also came from…
Three points you will get to know in this article: Everest Fleet, a startup in the fleet management domain backed by Uber, recently witnessed the departure of two investors, Artha Venture Fund and Rockstud Capital. This development unfolded just days after successfully securing funding from Uber and Paragon Ventures. In the aftermath of this transition, Rockstud Capital proudly declared an…
Three points you will get to know in this article: India’s remarkable ascent as the world’s third-largest startup ecosystem has left many observers in awe. Starting with a mere 445 startups, according to government data, in late 2016, the nation has now blossomed into a hub of innovation with a staggering 1 Lakh startups. The captivating tech landscape of India…
