Jio GigaFiber
Posted in BusinessTechnology

Reliance Jio Unveils India’s First Satellite-Based Giga Fibre Service

by SA TeamPosted on

Three points you will get to know in this article: • Reliance Jio Infocomm has introduced JioSpaceFibre, India’s first satellite-based giga-fibre service.• JioSpaceFibre aims to provide fast and reliable internet connectivity to remote and challenging-to-reach regions across India.• Jio Infocomm has partnered with SES to deliver satellite-based broadband services in India and has received approval to offer global mobile personal…

Inc.5
Posted in BusinessEcommerce

Footwear Brand Inc.5 Shoes Raises $10 Million in Series A Funding

by SA TeamPosted on

Three points you will get to know in this article:• The direct-to-consumer (D2C) market in India is rapidly growing, with the fashion and clothing segment expected to reach $43.2 billion by 2025.• Inc.5 Shoes plans to expand its presence in urban areas and target Tier 2 and select Tier 3 cities.• Mumbai-based footwear brand Inc.5 Shoes raises $10 million in…

Paytm soundboxes
Posted in BusinessFinance

New-Age Tech Stocks Decline Amid Geopolitical Tensions; Paytm Emerges as Biggest Winner This Week

by SA TeamPosted on

Three points you will get to know in this article: This week witnessed a downturn in the performance of Indian new-age technology stocks, mirroring the broader market’s decline. The setback was attributed to a combination of mixed Q2 earnings reports from various companies and escalating geopolitical tensions.Within the realm of Inc42’s coverage, 11 out of the 18 new-age tech stocks…

Goga ML
Posted in BusinessTechnology

Giga ML Secures $3.6 Million to Assist Enterprises in Training and Deploying On-Premise LLMs

by SA TeamPosted on

Three points you will get to know in this article: Giga ML, hailing from San Francisco and Bengaluru, recently secured $3.6 million in a seed funding round spearheaded by Nexus Venture Partners. Notably, this funding initiative garnered support from significant players such as Y Combinator, Liquid 2 Venture, 8vdx, and key angels including Garry Tan, President, and CEO of Y…

Justdial
Posted in BusinessTechnology

Justdial Reports 37% YoY Increase in Q2 Profit to INR 71.8 Cr, with Operating Revenue Up by 27%

by SA TeamPosted on

Three points you will get to know in this article: In the second quarter of the financial year 2023-24, Mumbai-based hyperlocal search engine, Justdial, demonstrated robust financial performance. The company achieved a noteworthy 37.5% surge in net profit, reaching INR 71.8 Cr, compared to the previous fiscal’s corresponding period where it stood at INR 52.2 Cr. Justdial’s operational revenue sustained…

BYJU'S- Akash
Posted in BusinessEducation

Edtech Giant BYJU’S in Negotiations with Private Equity Firms for Aakash Sale

by SA TeamPosted on

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…

India-UAE Tech Startup
Posted in BusinessTechnology

Insights from Dubai Chambers’ President & CEO on India-UAE Tech Startup Outlook and Opportunities

by SA TeamPosted on

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…

DPIIT
Posted in BusinessFinance

DPIIT-Registered Startups Granted Angel Tax Relief Regarding Shareholder Tax Returns

by SA TeamPosted on

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…

Angel Tax Exemptions
Posted in BusinessFinance

Angel Tax Exemptions Granted to Over 8,000 Startups

by SA TeamPosted on

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)…

Shark Tank India
Posted in Business

From Screen to Boardroom: The Impact of ‘Shark Tank India’ Celebrity CEOs

by SA TeamPosted on

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…

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