Key Points
India is considering using valuation criterion established by the Foreign Exchange Management Act (FEMA) for angel tax on foreign investments, a move that could potentially bring relief to Indian startups..
Indian venture capital (VC) firm Chiratae Ventures marked the final close of its maiden growth fund at Rs 1,001 crore ($112.4 million), as it looks to double down on growth-stage investments...
Amid agitation from local tech companies regarding its views on competition and Big Tech, Internet and Mobile Association of India (IAMAI) president Subho Ray said an overwhelming majority of members are opposed to separate competition law for digital firms...
Mouthpiece for Big Tech: We reported on Tuesday that Indian tech founders have opposed IAMAIs draft views on the law, calling the body a mouthpiece of Big Tech due to a lack of credence, and are also demanding a change in its leadership...
Hypd raises $4 million funding from Orios, existing investors: Content commerce platform Hypd has raised $4 million in a pre-series A round from Orios Venture Partners.. Pocket FM secures $16 million in debt funding from Silicon Valley Bank: Audio series platform Pocket FM on Tuesday said it has secured $16 million in debt funding from US-based Silicon Valley Bank (SVB), now a division of First Citizens Bank...
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Startups oppose separate law on digital markets
29, Apr, 23IAMAIs members include companies such as Google, Meta and Microsoft, in addition to Indian tech firms such as Paytm, Ola, PhonePe, Unacademy and Byjus.
Secondary sales heat up startup funding winter, and other top tech stories this week
17, Jun, 23New capital — in primary funding — is increasingly hard to come by due to a host of reasons, including global macroeconomic conditions and a reset in valuations. In this scenario, existing investors who want a partial exit from older investments are game for such deals.
Angel tax for unlisted cos may change
20, May, 23India Business News: NEW DELHI: The government on Friday proposed changes to tax levied on angel investors in unlisted entities and expanded the scope of valuation methodo.
Industry body calls for separate digital competition law
10, Apr, 23“In case of the absence of such law, bigtechs would be the biggest beneficiaries at the cost of Indian digital startups,” said a spokesperson for Alliance for Digital India Foundation (ADIF).
Airtel Payments Bank net profit surges 141% in FY23
18, May, 23Diversified product offerings like digital payments, money transfers, insurance, referral credit and collection management services contributed to its growth.
Boosting funding and innovation is important
26, Feb, 23These days, we frequently hear about the winter of investments. If funding gets squeezed, how will we kickstart innovation that’s crucial to our success as a growing nation?
Paytm opposes IAMAI’s submission to panel on digital competition law
18, May, 23Paytm is also a part of ADIF, an industry body representing Indian startups, which is opposing Googles implementation of its new in-app purchase billing system.
CapFort Ventures launches Rs 200 cr India tech fund; to back 40 tech start-ups in the next 2 years
13, Jul, 23The Category II AIF fund will be spearheaded by Abhimanyu Bisht, the former CEO of Venture Catalysts, and Kavit Sutariya, the founder of Hiraco Ventures and seasoned angel investor, CapFort Ventures said in a statement.
No relief for startups from angel tax
25, Mar, 23India Business News: NEW DELHI: Indian startups that have been struggling to raise capital, amid a global economic downturn, will get no immediate relief from angel tax, t.
G20 Sherpa Amitabh Kant lauds India's digital transformation journey in 9 years
02, Jun, 24New Delhi [India], June 2 (ANI): The former NITI Aayog CEO and G20 Sherpa and Amitabh Kant outlined the remarkable strides India has made in digital transformation over the past nine years in a recent post on X. He posted on X, “India’s Digital Transformation Story of Past 9 years * 100 crore ( 1 […]