Report: Indian Edtech Industry Is Estimated To Reach $12 Billion By 2025
Edtech sector is among the very few sectors that saw tremendous growth in 2020. As per a research report, the Indian edtech sector has seen an investment of $ 2.1…
Report: E-commerce Witnesses 36% Growth In Last Quarter In India
As per the E-commerce Trends Report, released by Unicommerce and Kearney, the last quarter of 2020 saw e-commerce order volume growing by 36% in India, with Personal care, Beauty, and…
Animation Workflow Platform ‘LottieFiles’ Acquires Design Asset Marketplace ‘Iconscout’
Animation workflow platform LottieFiles has acquired Surat-based design asset marketplace Iconscout for an undisclosed amount. Post the acquisition deal, Iconscout will continue to thrive and operate as an independent platform…
Cure.Fit Makes Second Acquisition In 2021, Acquires ‘Fitternity’
Cure.fit, a fitness startup, has announced the acquisition of Bengaluru-based fitness aggregator platform, Fitternity. The value of the deal was not disclosed, but post this acquisition, Fitternity will continue to…
Fintech Startup CRED Expenses Increase 492% In FY20
CRED, a fintech startup, posted operating revenue of just 52 lakh in the fiscal year ended March 31, 2020. The startup also generated Rs 17.56 Cr income from interest on…
E-commerce Analytics Platform ‘DataWeave’ Acquihires AI-Powered Video Analytics Platform ‘Sparrosense’
Bengaluru-based e-commerce analytics platform DataWeave has acquihired Sparrosense, a Gurugram-based AI-powered video analytics platform for shop-floor monitoring. Acqui-hiring is the process of acquiring a company primarily to recruit its employees, rather…
Retail-Tech Startup ‘NutriTap’ Acquires ‘Pikobox’ For An Undisclosed Amount
Gurugram-based retail-tech startup NutriTap Technologies has announced that it acquired Pikobox’s business for an undisclosed amount. NutriTap Technologies is building a data-driven and asset-light, D2C retail channel, and the acquisition…
Hyderabad-Based Spacetech Startup ‘Skyroot Aerospace’ Partners With Department Of Space
Skyroot Aerospace, a Hyderabad-based spacetech startup, has entered into a non-disclosure agreement (NDA) with the Department of Space (DoS). As part of the deal, Skyroot Aerospace will get access to…
[Union Budget 2021] Startups Get Tax Incentives, Capital Gains Exemption By One More Year
In a bid to further boost the Indian startup Ecosystem, the Finance Minister of India, Nirmala Sitharaman, in the Union Budget for 2021-22 has announced tax incentives for startups and…
Government To Make ‘Startup India Seed Fund Scheme’ Operational From April 1
To boost the Indian startup ecosystem, the Indian government has come up with various schemes and initiatives. In a bid to provide crucial capital for young companies, the government is…