Funding News

India’s Workforce Rapidly Adopting AI Skills: Emeritus Report Highlights Transformative Shift

Summary: A new report by Emeritus highlights India\u2019s workforce embracing artificial intelligence (AI) at an unprecedented pace, with 94% of respondents believing AI skills will accelerate their careers. AI adoption…

Startup Times Tuesday, February 4, 2025 7:05 pm

Funding News

Sridhar Vembu Dismisses Political Entry Rumors, Focuses on R&D

Summary: Zoho Corporation founder Sridhar Vembu dismissed rumors about entering politics, calling them baseless and amusing. He emphasized that he has had no discussions on the matter and is entirely…

Startup Times Friday, January 31, 2025 1:19 pm

Snabbit’s $5.5 Million Funding Round Accelerates Growth in India’s High-Frequency Home Services Market

Funding News

Snabbit Secures $5.5 Million Funding to Revolutionize India’s On-Demand Home Services Sector

Summary of Snabbit's Funding Announcement: Snabbit, an on-demand home services app, has raised $5.5 million in a Series A funding round led by Elevation Capital, with participation from Nexus Venture…

Startup Times Wednesday, January 22, 2025 4:25 pm

Funding News

BlueMedix has raised $5 million in a pre-series funding round led by a Dubai-based family fund

Summary: BlueMedix, a leading retail pharmacy chain in Eastern India, has raised $5 million in a pre-series funding round led by a Dubai-based family fund. With 130 stores across Bihar,…

Startup Times Tuesday, January 21, 2025 4:19 pm

Sarla Aviation Raises $10 Million to Revolutionize Urban Mobility with Electric Air Taxis

Funding News

Sarla Aviation Secures $10 Million to Propel Electric Air Taxi Revolution in India

Summary:Sarla Aviation, a Bengaluru-based aerospace startup inspired by India’s first woman pilot Sarla Thukral, has raised $10 million in a funding round led by Accel, with participation from prominent angel…

Startup Times Thursday, January 16, 2025 2:29 pm

Funding News

ALT Mobility Secures $10 Million to Drive Innovation and Expand India’s Commercial EV Leasing Market

ALT Mobility’s $10 Million Milestone Delhi-based ALT Mobility, a commercial electric vehicle (EV) leasing and asset management company, has secured $10 million in Series A funding. Leading the round was…

Startup Times Thursday, January 16, 2025 1:43 pm

Funding News

Arihant Foundations Secures Rs 109 Crore Investment to Expand Presence in South India

Chennai, India – Arihant Foundations & Housing Limited, a leading real estate developer based in South India, has successfully raised Rs 109 crore through a preferential equity allotment. The investment…

Ankur Srivastava Tuesday, November 26, 2024 5:14 pm

The Indian government has abolished the angel tax, formally known as Section 56(2)(viib) of the Income Tax Act, which was introduced in 2012 to target investments in unlisted companies.

Funding News

Finance Minister Nirmala Sitharaman announced the abolition of the angel tax, formally known as Section 56(2)(viib) of the Income Tax Act, in a move to support India’s startup ecosystem.

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…

Startup Times Tuesday, July 23, 2024 9:35 pm

Global Microsoft Outage Hits Banks, Airlines, and Broadcasters

Funding News

A global Microsoft outage on Friday disrupted services for banks, airlines, and media broadcasters, including major institutions in Australia and New Zealand

Summary A global Microsoft outage on Friday disrupted services for banks, airlines, and media broadcasters, including major institutions in Australia and New Zealand. The outage affected access to Microsoft 365…

Startup Times Friday, July 19, 2024 7:27 pm

Funding News

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…

Startup Times Thursday, July 18, 2024 9:33 pm