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: Focusing on propelling our homegrown spacetech ecosystem forward, the key player, IN-SPACe (Indian National Space Promotion and Authorization Centre), has revealed its ten-year vision and strategy for boosting the Indian space economy. Central to this plan is the pivotal role that startups play, emphasizing the acceleration of India’s ascent as…
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: The evolution of the professional landscape necessitates a fresh approach to learning—one that engages, empowers, and kindles a flame of brilliance within each team member. In the present corporate realm, every organization aspires to cultivate a workforce fueled by genuine passion, armed with state-of-the-art skills, and steered by a profound…
Three points you will get to know in this article: Stoke Space, a startup based in Washington, joyfully announced on Thursday that it has successfully secured $100 million in fresh capital. This financial boost is a crucial step forward for the company as it strives to pioneer the development of “Nova,” an innovative and fully reusable rocket. The recent injection…
Three points you will get to know in this article: The Open Network for Digital Commerce (ONDC) is gearing up to venture into the realm of skill-based services, broadening its current range of offerings beyond food, grocery delivery, and mobility services. Now, in addition to these, ONDC is set to delve into sectors such as appliance repair and teaching assistance.This…
