Startups
Angel Tax Abolished: Boost for Indian Startups
In a move designed to stimulate investment in India’s burgeoning startup scene, Finance Minister Nirmala Sitharaman announced the elimination of the angel tax for all investor categories. The angel tax,… Continue reading Angel Tax Abolished: Boost for Indian Startups
Vidyut Revs Up Pre-Owned Electric Vehicle Market in India
Bangalore-based electric mobility startup, Vidyut, is making waves with the launch of its offline pre-owned electric vehicle (EV) sales and financing platform. This initiative directly addresses a major hurdle in… Continue reading Vidyut Revs Up Pre-Owned Electric Vehicle Market in India
Relief for Startups? Commerce Ministry Recommends Abolishing Angel Tax
The upcoming budget might bring good news for India’s startup ecosystem. The Commerce Ministry, led by Piyush Goyal, has proposed scrapping the controversial “angel tax.” What is Angel Tax? Angel… Continue reading Relief for Startups? Commerce Ministry Recommends Abolishing Angel Tax
Rise of Independent Fashion Brands: Beyoung’s Journey
Independent fashion brands have seen significant growth in recent years. While traditional players and franchises still dominate the offline market, the advent of social media and e-commerce has enabled the… Continue reading Rise of Independent Fashion Brands: Beyoung’s Journey
Mylab’s Pandemic Boom Turns Bust: Revenue Plummets as Demand for COVID Testing Normalizes
During the peak of the pandemic (FY21 and FY22), Mylab witnessed exceptional growth, with its revenue skyrocketing by a staggering 100 times to reach Rs 825 crore. However, as the… Continue reading Mylab’s Pandemic Boom Turns Bust: Revenue Plummets as Demand for COVID Testing Normalizes
Koo Shuts Down: Vernacular Microblogging Platform Ends Operations
Indian microblogging platform Koo has ceased operations, as announced by co-founder and CEO Apramyea Radhakrishna in a LinkedIn post. The closure comes after the company’s efforts to secure a buyer… Continue reading Koo Shuts Down: Vernacular Microblogging Platform Ends Operations
Wify Secures Fresh Funding to Enhance Home Furnishing Services
Wify, a Mumbai-based startup specialising in home furnishing installation, has secured Rs 25 crore ($3 million) in a pre-Series A funding round. The round was co-led by Mount Judi Ventures… Continue reading Wify Secures Fresh Funding to Enhance Home Furnishing Services
RockClimber: A Fruity Disruptor in India’s Beverage Market
India’s vast beverage market boasts established giants alongside emerging players like Bira. Recognizing this space’s potential, RockClimber has carved its niche with unique fruit-based beverages and spirits. Their focus? Locally… Continue reading RockClimber: A Fruity Disruptor in India’s Beverage Market
Unikon.ai Launches: A Platform for Meaningful Connections and Knowledge Monetization
Serial entrepreneur and investor Aakash Anand, known for founding Bellavita (acquired by Ananta Capital), has unveiled his latest venture, Unikon.ai. This innovative platform aims to foster genuine connections between users… Continue reading Unikon.ai Launches: A Platform for Meaningful Connections and Knowledge Monetization
IN-SPACe Launches Pioneering Program to Ignite India’s Space Startup Ecosystem
The Indian National Space Promotion and Authorisation Centre (IN-SPACe) has taken a significant leap forward in fostering the growth of India’s space sector with the introduction of the Pre-Incubation Entrepreneurship… Continue reading IN-SPACe Launches Pioneering Program to Ignite India’s Space Startup Ecosystem
