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…
[Direct-To-Consumer Brand] Mamaearth’s Income Rises 6.5X to Rs 110 Cr in FY20
Backed by profitable social media campaigns and influencer marketing, D2C brand Mamaearth managed to grow its operating revenue 6.5X during the fiscal ended in March 2020 to nearly INR 110…
Piyush Goyal Appeals Indian Businesses To Pool A Domestic Fund For Startups
Minister of Railways, Minister of Commerce and Industry Piyush Goyal appealed businesses and entrepreneurs to dedicate a portion of their wealth for early-stage investing in startups. Piyush Goyal at Resurgence…
Foodtech Giant Zomato Acquires Full-Stack Sports Platform Fitso
Foodtech giant Zomato has acquired 100% stake in full-stack sports platform Fitso via cash-and-equity deal, worth about 800 million rupees (US$11 million) to 1 billion rupees (US$13.7 million). Reported by…
Amplus Solar Launches The MILES Challenge For Clean Energy Startups
Amplus Solar, a Gurugram-headquartered leading distributed energy company, has announced the launch of The MILES (M+Innovation Lab for Energy and Sustainability) Challenge for startups providing clean energy solutions in India.…
VC Firm ‘Antler’ To Invest More Than $100 Million In Indian Startups
Antler, a Global early-stage venture capital (VC) fund, plans to invest more than $100 million across Indian technology startups in the next four years. To manage the money, Antler has…
National Startup Advisory Council Nominates 28 Non-Official Members From The Startup Ecosystem
The National Startup Advisory Council (NSAC) has nominated 28 non-official members on the committee to advise the government on efforts needed to build a strong startup ecosystem. As per a…
Salesforce Invests $15M In HR Tech Platform ‘Darwinbox’
Salesforce Ventures, the investment arm of Salesforce Inc., has invested $15 million in Darwinbox, an enterprise human resources (HR) technology platform, making this its first investment in an Indian venture.…