Indian Identity Verification Platform IDfy Secures $27 Million in Funding
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Bharat Startup Ecosystem Registry, A Game-Changer for Indian Entrepreneurs?
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PedalStart: Nurturing Startup Visionaries with Mentorship and Acceleration
Three points you will get to know in this article: Many aspiring entrepreneurs are constantly seeking the perfect mentorship to guide them on their journey into the startup world. PedalStart, based in Gurugram, has ingeniously embraced this concept by providing a community-centric platform. Here, budding entrepreneurs have the invaluable opportunity to glean insights from industry experts, refine their ideas and…
Seafund Ventures into EV and Clean Mobility: Backs Five Deeptech Startups
Three points you will get to know in this article: Seafund, a budding venture capital enterprise in its early stages, is in the process of raising its second fund, aiming for a substantial corpus of INR 250 Crores. The firm has recently thrown its support behind five innovative deeptech startups, channeling a total investment of INR 5 Crores into these…
Mamaearth, Gearing Up for IPO, Reports INR 151 Cr Loss in FY23 Due to Goodwill Impairment
Three points you will get to know in this article: Mamaearth, the direct-to-consumer (D2C) unicorn gearing up for its IPO, faced a financial setback in the fiscal year ending March 31, 2023, due to a one-time loss. The parent company, Honasa Consumer Limited, helmed by the husband-wife team Varun and Ghazal Alagh, witnessed a shift from the previous fiscal year’s…
Delhi Government Targets Supporting 15,000 Startups by 2030
Three points you will get to know in this article: • Delhi government finalizes draft of startup policy to support and encourage 15,000 startups by 2030.• The policy includes collateral-free loans, expert guidance, and support for college students.• Delhi aims to establish itself as a global innovation hub and preferred location for startups by creating a supportive ecosystem for entrepreneurship.…
Footwear Brand Inc.5 Shoes Raises $10 Million in Series A Funding
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…
DPIIT-Registered Startups Granted Angel Tax Relief Regarding Shareholder Tax Returns
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 Granted to Over 8,000 Startups
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)…