Page 11 - Aryaman Gupta

Income tax notices lead to stress among startups, executives and investors

The notices were served under Section 68 of the Income Tax Act. They have clubbed the investments made in the startups, along with the revenue, to calculate the tax, according to the sources

Cricket commentator Harsha Bhogle invests in gaming startup Hitwicket

Bhogle is expected to help the company expand its global outreach to 50 million downloads within the next two years, from 5 million downloads currently

Audio streaming platform Pocket FM completes 1st ESOP buyback worth $8.3 mn

Pocket FM's valuation almost doubled after its latest funding round to about $750 million, up from $390 million when it previously raised $65 million in its Series C round in March 2022

Zomato gets GST notice of Rs 23.26 cr from Karnataka tax authorities

The company received the tax order for the overutilisation of input tax credit, along with associated interest and penalties

Krutrim AI models improving almost every week, says company executive

The startup aims to address the inherent hallucination issue in AI models by leveraging user feedback from its beta program

Bambrew raises Rs 60 crore in Series A funding from Blume Ventures

The funding will fuel the startup's expansion into eco-friendly packaging for FMCG, F&B, manufacturing and R&D team development

No better country than India for tech firms: Amazon's Manish Tiwary

India is second-largest market for e-commerce major in terms of number of employees, only behind the US. Amazon is doubling down on its job creation efforts in the country

Alteria Capital announces final close of oversubscribed third fund

Its Venture Debt Scheme has been significantly oversubscribed with a final close at Rs 1,550 crore

Startups wait for spring: Funding winter appears over but challenges ahead

After battling funding winter and scandals, the sector focuses on profitability

CY24 trend so far: Two unicorns, but funding to startups down 29%

India 4th-largest recipient of funding

Venture capital major Accel aims to invest in 25 Indian startups: Prashanth

May launch India-focused fund in a few years

Flipkart, Swiggy, Blinkit, Zepto witness blockbuster Holi festival sales

The report emphasizes the burgeoning adoption of e-commerce in Tier-2 and beyond cities

Indian Premier League 2023: 70% of viewers Gen Z and millennials

73 per cent of IPL 2023 viewers tuned into the tournament digitally, of which 30 per cent preferred watching it solely on mobile

India will have an upper hand in AI: PM Modi at Startup Mahakumbh

The prime minister Modi said that he is making use of AI technology for his election campaign

Zomato rolls back green colour from veg fleet, all riders to wear red

Responding to backlash, on Tuesday night, Goyal clarified that the pure veg fleet 'doesn't serve or alienate any religious, or political preference.'

Startup Mahakumbh: Fintechs must abide by regulations, say investors

The advice comes at a time when the Reserve Bank of India has cracked its whip to get erring fintech's to comply to the existing rules

No global expansion plans, focus on India's growth: Dream11 CEO Harsh Jain

Dream11 is one of three gaming unicorns - companies valued at over $1 billion - in the country, aside from Games24x7 and Mobile Premier League (MPL)

End of funding winter? Indian startups set to raise $8-10 billion this year

In 2022, Indian startups raised a total investment of $25 billion. In 2021 the fund raised a new high of $41.4 billion, according to Tracxn

Fashion, grocery to capture 2/3rd of e-commerce by 2027: Falguni Nayar

Nayar, speaking at the Startup Mahakumbh in New Delhi on Monday, said that India is currently at a stage similar to where China was 15 years ago

Flipkart's quick-commerce foray: Will Zepto and Blinkit feel the pinch?

Flipkart's ecommerce advantage might not come into play in quick commerce all that quickly