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 November 26, 2024

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 News Desk July 23, 2024

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 News Desk July 19, 2024

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 News Desk July 18, 2024

Funding News

WazirX Faces Security Breach After Suspicious $230 Million Transfer

Indian cryptocurrency exchange WazirX suffered a security breach on Thursday, resulting in the temporary suspension of all withdrawals. The breach involved the transfer of approximately $230 million from one of…

Startup Times News Desk July 18, 2024

Funding News

AstroTalk Secures ₹78.3 Crore in Series A Extension from Left Lane Capital and Elev8 Capital

Summary: AstroTalk, an online astrology platform, raised ₹78.3 crore in a Series A funding extension from Left Lane Capital and Elev8 Capital. Founded in 2017 by Puneet Gupta and Anmol Jain, AstroTalk…

Startup Times News Desk July 18, 2024

Funding News

Mumbai’s EleFant, a mobile app-driven toy library, secured Rs 6 crore ($750K) in seed funding from Venture Catalysts and Malpani Ventures.

Key Points Seed Funding Success: EleFant, a Mumbai-based mobile app-based toy library, secured Rs 6 crore in seed funding co-led by Venture Catalysts and Malpani Ventures. Founding Vision: Founded in…

Startup Times News Desk July 5, 2024

Funding News News

Ather Energy Secures INR 286 Crore to Power Up Its Electric Future

key points: Funding Secured: Bengaluru-based Ather Energy has secured INR 286 crore (USD 34 million) in funding from its founders and Stride Ventures.Sources of Funds: Founders Tarun Mehta and Swapnil…

Startup Times June 6, 2024

Indian Startup News & Funding Alert Daily updates

Funding News Startup News

Indian Startup News and Funding Alert: Daily Updates

Welcome to our daily coverage of Indian Startup News and Funding Alert, where we bring you the latest updates from the vibrant startup ecosystem in India. We highlight significant funding…

Startup Times News Desk May 26, 2024

Funding News

Indian Startup Weekly Funding News Report

Indian Startup Weekly Funding Report - July 01 - July 6, 2024 DateNameSectorSubsectorBusiness ModelFunding Round SizeFunding Round TypeInvestorsLead Investor1 Jul 2024PurplleEcommerceD2CB2C$120 Mn–ADIAADIA3 Jul 2024MatterCleantechElectric VehicleB2C$25 MnSeries BHelena, Japan Airlines &…

Ankur Srivastava May 26, 2024