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 […]
[Funding For Startups] How To Approach Investors For Funding In India
For a startup, operating in its initial stage, investors can create the difference between getting a startup successfully off the ground or burning it down to ashes. If you are reading this article, it is quite clear that you are preparing to pitch your idea before an investor. And for […]
Mirae Asset Group Launches Early Stage Focused Fund For Indian Startups
Mirae Asset Group, a South Korean financial services company, is betting on Indian startups with the launch of early-stage startups focused fund. With investments of over $200 million in half a dozen companies, the financial services company has backed Indian startups and unicorns like Swiggy, Zomtao, Shadowfax, Ola, ZoloStay, and […]
Nitin Gadkari: Government Aims To Take The MSME Exports To 60 Percent
Union Minister of MSMEs Nitin Gadkari, at the inaugural session of the three-day TiE Global Summit (TGS) being held virtually, talked about government plans regarding MSMEs. He said the government aims to take the MSME (micro, small and medium enterprises) exports to 60%, which currently constitutes 48% of total exports […]
[Financial Planning For Startups] 7 Best Financial Tools For Startups
A company can grow as much as long as it can keep up with its finances. When a startup has no idea about its finances and no record of the cash inflow and outflow, that startup is on its journey of destruction. That is why financial planning is important. So, […]