IRDAI Allows Indian Insurance Companies To Invest In Startups Via Fund Of Funds
To provide more capital options to the growing Indian startup ecosystem, the Insurance Regulatory Development Authority of India (IRDAI) has allowed Indian insurance companies to invest in fund of funds (FoF). IRDAI added that insurers are prohibited from investing in fund of funds that invest in overseas companies or funds. Talking […]
SaaS Startup Appy Pie Helps SMBs Build Apps With Its No Code Mobile Application Development Platform
The evolution of technology has changed the way businesses in India used to function. Big or small, every business is now using the power of technology to improve its operations. As tech is evolving, platforms are now offering no-code business solutions for businesses of all size, scale, and scope. Today’s […]
[Funding 2021] Indian Startups Receive Around $2 Billion Funding In First Two Months
Despite the COVID-19 crisis in 2020, Indian startups managed to gain the interest of the investors and estimated to have received $10.14 billion in funding across more than 1,200 deals in 2020. Startups from Bengaluru, Delhi NCR, and Mumbai accounted for 90% of the startup investments in the country, indicating the interest […]
Growth Story Of Indian Startup Ecosystem And Top 5 Most Promising Sectors In 2021
India is a growing economy and a large market of underserved/unserved customers. Being the world’s sixth-biggest economy, India has the 3rd largest startup ecosystem in the world. Supported by favourable demographics and increasing mobile penetration, India has an active and thriving startup ecosystem. With many government initiatives in place and […]
Early-Stage Strategic Investment Fund Tomorrow Capital Earmarks Rs 200 Cr Fund For Startups
Tomorrow Capital, a Mumbai-based early-stage strategic investment fund, said it is scouting for investment opportunities and has set aside Rs Rs 200 crore that will be deployed over the next 12 months. The Mumbai-based company said it has also led a Rs 47 crore Series A round in global education […]
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 for curated, premium design assets. Started by Varun Trivedi and Tarun Mangukiya in 2016, Iconscout offers ready-to-use high-quality Icons, Illustrations […]
[Union Budget 2021] Government Allocates ₹830 Cr For Fund of Funds For Startups
The Government of India has allocated ₹830 crores for the Fund of Funds for Startups in the Budget 2021-22. The amount is higher than the revised estimate of about ₹430 crores. The government has set up a Fund of Funds for Startups (FFS) with a corpus of ₹10,000 crores. The […]
[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 an extension in capital gains exemption by one year. FM Nirmala Sitharaman said, “In order to incentivise startups in the […]
Indian Startups Receive $10.14 Billion Funding In 2020: Report
According to a report by consulting firm HexGn, Indian startups received an estimated amount of $10.14 billion in funding across more than 1,200 deals in 2020. Despite the COVID-19 pandemic, Indian startup ecosystem saw an increase of 20% in the number of deals, though the total investment received in 2020 […]
Venture Capital Fund 100X.VC Announces Its New Portfolio Of 10 Seed-Stage Startups
100X.VC, a Mumbai-based venture capital fund, has announced its new portfolio of 10 seed-stage startups as part of its Class-03 portfolio. The selected ten startups cater to multiple categories, including Artificial Intelligence, F&B, edtech, SaaS, robotics, and healthcare. [Read: Top 9 Active Venture Capital Firms In India] Handpicked from 1,677 […]