Page 7 - Aryaman Gupta

With no angel tax, startups and investors hope for better funding scenario

While the abolition of the angel tax is a big win for startups and their investors, the ecosystem is not out of the woods yet

50% PCs to be AI-powered in three years: HP India's Ipsita Dasgupta

Dasgupta said that AI PCs will be a big growth driver for India, across both commercial and consumer segments, and therefore, a big driver for HP as well

Union Budget 2024: R&D, spacetech fund gives deeptech startups a boost

The govt is working on National Deep Tech Start-up Policy as part of its efforts to spur innovation in India's deeptech sector. The policy attempts to address the vital barriers facing the industry

Union Budget 2024-25: Govt abolishes angel tax on startup funding

Capital gains tax rates between listed, unlisted equity aligned

117,254 DPIIT-recognised startups created 1.2 mn direct jobs: Eco Survey

Startups soar from 300 to over 100k in 7 years

77% Indian startups investing in AI, advanced technology: SAP report

85% of start-ups believe unit economics is a clear path to profitability and enhancing valuation

Bigbasket ventures into SaaS-based supply chain platform BB Matrix

BB Matrix will provide three SaaS verticals - a Warehouse Management System (WMS), a Transport Management System (TMS), and an Order Management System (OMS)

Swiggy, Zomato may hike platform fee further to Rs 10-15, say restaurants

Many restaurants ask for high commissions charged by food delivery platforms to be slashed

On its 3rd anniversary, Zepto logs highest-ever order volume at 750k

As part of a special marketing campaign, Zepto partnered with several brands for giveaways to as many as 800,000 consumers

AI PCs to account for 5-10% of shipments by year end: Asus executive

Su claims that Asus has grown between 3-4 per cent in the first half of 2024, ahead of the overall market

We expect Prime Day 2024 to be biggest ever, says Amazon executive

Last year, Amazon witnessed as many as 22,190 orders in a single minute "at its peak," its highest-ever sales figure for a Prime Day event

EaseMyTrip is expecting a positive cashflow from ops this year: CEO

Notably, the company's biggest revenue drivers over the last few quarters have been its non-air segments and increased hotel bookings

Zepto elevates loyalty programme head Meel as chief business officer

A former IIM-Bangalore graduate, Meel has previously led special initiatives at Zomato and Jio as well

Raghu Reddy-led Circuit House Technologies raises $4.3 mn in seed funding

The round also saw participation from prominent angel investors including Varun Alagh, co-founder of Mamaearth, and Abhishek Goyal, co-founder of Tracxn

Indkal Technologies inks deal with Acer to manufacture, design smartphones

Indkal Technologies will launch a "wide range of smartphone models" under the Acer brand in mid-2024, with a focus on smartphones priced between Rs 15,000 to Rs 50,000, the company said

Union Budget 2024: Here's what startups, investors expect from Modi 3.0

Expectations rise for investments, simplified tax norms, and sectoral support

Video gaming firms seek distinction from RMG companies in letter to PMO

Stakeholders have requested the government to break the existing categorisation of online games into two separate categories - video games and real money games, "for fair and equitable policymaking"

Indian gaming industry to grow to $8.92 billion in next 5 years: Report

India's gaming sector is currently valued at around $3.1 billion, according to industry estimates

Lonely dead pool club: Shutdowns fall 99.8%, startups face a zombie threat

While founders have now become more prudent, there are firms that continue to burn cash to survive and may soon end up in the dead pool once their runway ends

Cash-flush quick-commerce unicorn Zepto loads up talent cart ahead of IPO

Ahead of its public listing, Zepto plans to ramp up hiring, aiming to add between 400 and 500 employees, focusing on engineering, product, category, growth, and marketing roles