US venture capitalists hope Budget 2023 supports growth, startup ecosystem
1 year, 10 months ago

US venture capitalists hope Budget 2023 supports growth, startup ecosystem

Business Standard  

US venture capital firms investing in India are expecting the Union Budget 2023 to support the growth and development of the startup ecosystem in the country, according to a top investor. As a US-based venture capital firm investing in India, we are keenly interested in policies and initiatives that will support the growth and development of the startup ecosystem in the country, Kumar told PTI. Such an aspiration would call for policies that make it easy and cost-effective to both import and export in such a way that the efficiency of supply chains can be enhanced, boosting the competitiveness of Indian manufacturing, said Kumar, who also served as the Chairman and CEO of KPMG in India for a five-year term that ended last February. According to Kumar, the growth of the manufacturing sector is already spawning attractive new opportunities both to make products for domestic and global use and to develop technologies and solutions that enhance manufacturing capabilities.

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VC funding in start-ups rises to $6.53 bn, PEs invest $4.69 bn in January-November
2 weeks, 4 days ago

VC funding in start-ups rises to $6.53 bn, PEs invest $4.69 bn in January-November

New Indian Express  

Meanwhile, private equity funding in start-ups stood at $4.69 billion in January-November 2024, compared to $4.59 billion in 2023 and $14.95 billion in 2022 during the same period. Zepto raised $665 million in June and in August, it raised $340 million, and these were the top two funding rounds in 2024 so far. Late-stage funding remains cautious, with constrained valuations.” …

Public procurements may come with startup quotas
2 weeks, 6 days ago

Public procurements may come with startup quotas

Live Mint  

Top central ministries are discussing a proposal that may mandate public sector units to purchase 10% of their requirements from startups, two people aware of the development said. Some of India's ongoing efforts to encourage startups sector include the Startup India seed fund initiative and Atal Innovation Mission. This initiative not only provides a platform for startups to showcase innovative …

India’s venture capital firms are finding that leaner might be better
3 weeks, 3 days ago

India’s venture capital firms are finding that leaner might be better

Live Mint  

On Thursday, early-stage venture capital firm Stellaris Venture Partners launched its largest-ever investment vehicle—a $300 million fund. Similarly, Blume Ventures, which has invested in prominent Indian startups including Battery Smart, Purplle and Unacademy, doesn’t plan to increase the corpus for its next two funds, maintaining them at about $290 million, the venture capital firm told Mint in October. “Several venture …

Indian Startups Secure Record Funding in October, But Funding Slumps
1 month, 2 weeks ago

Indian Startups Secure Record Funding in October, But Funding Slumps

Deccan Chronicle  

Indian startups attracted funding of Rs 1.2 billion in October, indicating a rebound from the funding winter. However, funding was subdued both on a year-on-year and sequential basis. Fintech, e-commerce, and education startups led the funding activity, with Bengaluru and Mumbai-based startups playing a significant role.

India Sets Up $119 Million Fund for Space Startups: A Step Towards Boosting Space Ambitions
1 month, 4 weeks ago

India Sets Up $119 Million Fund for Space Startups: A Step Towards Boosting Space Ambitions

Firstpost  

India has approved a $119 million venture capital (VC) fund to support space start-ups in the country. The fund will provide capital to 40 start-ups over the next five years, with an average deployment amount ranging from Rs 10-60 crore. This fund is expected to have a significant impact on India's space ambitions, boosting the country's space economy and creating …

India's space tech sector grew 235% in 2 Years, secured $126 million in 2023
4 months, 3 weeks ago

India's space tech sector grew 235% in 2 Years, secured $126 million in 2023

India Today  

India’s space tech sector is set for significant growth, driven by substantial government investment and strategic initiatives. According to Tracxn’s Space Tech Geo Report 2024, India’s growing Space Tech sector witnessed record-breaking funding of $126 million in 2023, a 7% increase from the $118 million raised in 2022 and a 235% increase from $37.6 million in 2021. Despite a global …

Budget 2024: ₹1,000 crore venture capital fund for space economy
5 months ago

Budget 2024: ₹1,000 crore venture capital fund for space economy

Hindustan Times  

Finance minister Nirmala Sitharaman unveiled a set of forward-looking initiatives as part of the budget proposals on Tuesday, operationalising a ₹1 lakh crore research fund that experts said will help work in next generation technologies and announce a new fund for innovation in the space sector. “With our continued emphasis on expanding the space economy by 5 times in the …

Budget 2024: Centre allocates ₹1000 cr venture fund to boost space economy ‘five-fold in next decade’
5 months ago

Budget 2024: Centre allocates ₹1000 cr venture fund to boost space economy ‘five-fold in next decade’

Hindustan Times  

Union finance minister Nirmala Sitharaman on Tuesday announced the creation of a ₹1,000 crore venture capital fund in the Budget 2024 aimed at expanding the space economy “fivefold over the next decade”. The new venture capital fund is expected to stimulate private sector involvement in space activities, supporting startups and established firms in advancing innovative space technologies. News agency PTI …

₹1,000 crore venture capital fund to promote space technology
5 months ago

₹1,000 crore venture capital fund to promote space technology

The Hindu  

Finance Minister Nirmala Sitharaman announced in the Budget a venture capital fund of ₹1,000 crore to promote space technology. “With our continued emphasis on expanding the space economy by five times in the next 10 years, a venture capital fund of ₹1,000 crore will be set up,” she said. The fund, along with the existing policies for the space sector, …

Union Budget 2024 India: Sitharaman Announces 5 Schemes Focusing On 4.1 Crore Youth Over Next 5 Years
5 months ago

Union Budget 2024 India: Sitharaman Announces 5 Schemes Focusing On 4.1 Crore Youth Over Next 5 Years

ABP News  

Union Budget 2024 India: Finance Minister Nirmala Sitharaman in her announcement during the Budget speech revealed that the Modi 3.0 government will launch five major schemes focusing on 4.1 crore youth over the next five years, with a substantial central outlay of Rs 2 lakh crore. The Finance Minister emphasized that 20 lakh youth will receive training and skill development …

Budget 2024: Indian space industry excited about Rs 1,000 crore fund
5 months ago

Budget 2024: Indian space industry excited about Rs 1,000 crore fund

India Today  

The Union Budget 2024 has been met with widespread approval from the space industry, following Finance Minister Nirmala Sitharaman's announcement to expand India's space economy fivefold over the next decade. Lt. Gen. AK Bhatt, Director General of the Indian Space Association, praised the government's commitment, stating, "The Union budget's vision to grow India's space economy by fivefold in the next …

Budget 2024: Nirmala Sitharaman announces Rs 1,000 crore fund to boost space economy
5 months ago

Budget 2024: Nirmala Sitharaman announces Rs 1,000 crore fund to boost space economy

India Today  

Finance Minister Nirmala Sitharaman on Tuesday unveiled an ambitious plan to expand India's space economy fivefold over the next decade, marking a significant leap in the country's space aspirations. In a bold move to propel India's space sector forward, Sitharaman announced the establishment of a Rs 1000 crore venture capital fund dedicated to fostering growth and innovation in space technology. …

Budget 2024 Highlights: FM disappoints investors, rewards (some) taxpayers
5 months ago

Budget 2024 Highlights: FM disappoints investors, rewards (some) taxpayers

Hindustan Times  

July 23, 2024 9:02 PM IST Budget 2024 LIVE Updates: Supriya Paul, CEO & Co- Founder, Josh Talks, said, “The Union Budget 2024-25 represents a significant stride towards Bharat's development. The allocation of ₹1.48 lakh crore towards education, employment, and skills development is a substantial investment. By enhancing the quality of education and training, we are equipping our youth with …

Budget 2024: Venture capitalists call for angel tax removal to boost startups
5 months ago

Budget 2024: Venture capitalists call for angel tax removal to boost startups

India Today  

As the Monsoon Session of Parliament approaches, scheduled from July 22 to August 12, all eyes are on the Union Budget 2024 presentation slated for July 23. Venture capitalists and industry experts are rallying behind a crucial demand which is the removal of angel tax to further promote a more conducive environment for startups in India. "Removal of Angel Tax …

Indian Tech Startups Raise $4.1 Billion In First Half Of 2024, Secure 4th Place Globally: Study
6 months ago

Indian Tech Startups Raise $4.1 Billion In First Half Of 2024, Secure 4th Place Globally: Study

ABP News  

Indian tech start-ups secured $4.1 billion in funding in the first half of 2024, a 4 per cent increase from $3.96 billion in the second half of 2023. According to Tracxn, a market intelligence platform, India ranks as the fourth-highest funded country globally in the tech startup landscape, with the US, UK, and China leading in overall funding volumes. Seed-stage …

Focus on startups and technologies the world truly needs: Nivruti Rai
8 months, 3 weeks ago

Focus on startups and technologies the world truly needs: Nivruti Rai

Live Mint  

Indian entrepreneurs and investors must focus on startups and technologies that serve the most pressing needs of the world to ensure continued investments into India and prevent funding winters, Nivruti Rai, managing director of Invest India said. And I do see a gap in the tech in areas where the world is investing a lot in - whether it is …

India’s startup growth to pave way to developed nation by 2047: PM Modi
9 months ago

India’s startup growth to pave way to developed nation by 2047: PM Modi

Live Mint  

India has emerged as the world's third-largest startup ecosystem, a development that Prime Minister Narendra Modi believes will chart the country's course towards becoming a developed nation by 2047. In the field of Intellectual Property Rights, India is moving towards becoming the leading country among the top countries.” The Startup Mahakumbh was organized in collaboration with various entities, including Assocham, …

Interim Budget 2024 | ₹1 lakh crore fund to help India leapfrog in deep-tech
10 months, 3 weeks ago

Interim Budget 2024 | ₹1 lakh crore fund to help India leapfrog in deep-tech

The Hindu  

One of the announcements of Finance Minister Nirmala Sitharaman, while she presented the Interim Budget 2024 on February 1, that stood out was the “Anusandhan’‘ scheme, which promises to spur innovation and research in the “tech start-up” and Micro, Small and Medium Enterprise landscape. Avinash Vashistha, executive chairman, Tholons, a technology, innovation and investment firm, said the fund proposal indicated …

Indian space industry's meteoric rise in 2023 sets stage for stellar 2024
11 months, 1 week ago

Indian space industry's meteoric rise in 2023 sets stage for stellar 2024

India Today  

2023 was a marvelous year for the Indian Space Industry with the successful launch of Chandrayaan-3 and the Aditya-L1, India’s first solar mission. Indian space startups have become a strong pillar for the private space industry in the last decade, especially after the landmark decision to open the Indian space sector to private companies by Prime Minister Narendra Modi in …

Indian startups witness 65.8% drop in funding between Jan-Nov 2023: GlobalData
1 year ago

Indian startups witness 65.8% drop in funding between Jan-Nov 2023: GlobalData

Live Mint  

Indian startups witnessed a 65.8% drop in funding in terms of value between January and November 2023, according to a report by Times of India. Citing data from GlobalData, Indian startups raised $6.9 billion across 1,013 venture capital funding deals in the past 11 months this year. Among the top VC funding deals in Indian startups this year were- $250 …

Budget 2024: What startup entrepreneurs expect from FM Sitharaman's interim Budget
1 year ago

Budget 2024: What startup entrepreneurs expect from FM Sitharaman's interim Budget

Live Mint  

Budget 2024: India has emerged as the third largest ecosystem for startups globally with over 116,679 recognized ventures across the country. {{^adFree}} {{/adFree}} India has emerged as the third largest ecosystem for startups globally with more than 1,16,679 DPIIT-recognized ventures across the country, according to data available on the Startup India portal. “This will be the first budget after the …

2023 in review: For Indian tech startups, an unrelenting funding winter
1 year ago

2023 in review: For Indian tech startups, an unrelenting funding winter

Live Mint  

The Indian tech startup ecosystem continued to grapple with a funding slowdown in 2023. Slowdown bites Total funding received by Indian tech startups declined by 72% in 2023. Shifting order With a total funding of less than $10 billion received for tech startups this year, India has slipped one notch to fourth place among the highest-funded tech startup geographies globally …

Indian startup funding shrinks by 73% in 2023. What model companies can adopt now?
1 year ago

Indian startup funding shrinks by 73% in 2023. What model companies can adopt now?

Live Mint  

Indian startups have reported around 73% decline in funding this year as compared to 2022. In India, startup funding has declined to a five-year low figure in 2023 — $7 billion as compared to $25 billion received in the previous year, a nearly 73% decline from funding recorded in 2022 amid a worsening global macroeconomic environment tossed by geopolitical tensions. …

Venture Capital funding in India plunges over by 67% during Jan-Oct this year
1 year ago

Venture Capital funding in India plunges over by 67% during Jan-Oct this year

Live Mint  

India witnessed a decrease in venture capital funding deals, with a total of 920 deals announced during January-October 2023. India holds a significant position in the Asia-Pacific market and is closely ranked after China in terms of both volume and value of venture capital funding deals. According to GlobalData's Financial Deals Database, India witnessed several venture capital funding rounds exceeding …

How Indian startups are contributing to India’s $5 trillion economy goal?
1 year, 2 months ago

How Indian startups are contributing to India’s $5 trillion economy goal?

Live Mint  

Indian startups have witnessed remarkable growth in recent years, with the country emerging as the third-largest ecosystem for ventures globally. In 2022, Indian startups attracted a whopping $42 billion in funding, a substantial leap from the previous year's $16 billion which underscores their pivotal role in India's aspiration to achieve a $5 trillion economy goal. India will soon become a …

Indian startups set for more pain as funding crunch worsens
1 year, 8 months ago

Indian startups set for more pain as funding crunch worsens

Live Mint  

A funding squeeze at Indian startups that has already led to layoffs and delayed stock listings is set to worsen as investors reckon with stretched valuations and faltering consumption growth, likely laying the ground for industry consolidation. The prospect of fast rising consumption both offline and in India's digital space helped many startups clock multi-billion-dollar valuations in recent years, with …

'Angel Tax' Provisions In Finance Bill Will Not Impact Startups: DPIIT Secy
1 year, 10 months ago

'Angel Tax' Provisions In Finance Bill Will Not Impact Startups: DPIIT Secy

ABP News  

The 'angel tax' provision in the Finance Bill will not impact startups in India, a senior government official said on Tuesday. It doesn't affect startups in the least,” he said, addressing the audience at the event organized by the venture capital industry lobby grouping. Startups were rattled because of the proposed changes in regulations in the Finance Bill through the …

Satish Reddy | The tech-driven, growth-centric Budget offers a futuristic vision
1 year, 10 months ago

Satish Reddy | The tech-driven, growth-centric Budget offers a futuristic vision

Deccan Chronicle  

The technology-driven Rs 45 trillion spending Budget 2023-24 includes a futuristic “Amrit Kaal” for women, youth, members of the marginalised communities, productivity improvements, energy transition, climate action, investment finance, and major public sector investments in infrastructure led by the Prime Minister’s Gati Shakti. CII has established Intellectual Property Rights facilitation centres in different parts of the country to help SMEs …

Global Investors Summit Will Bring Investment More Than Double UP's GDP, Says CM Yogi Adityanath - News18
1 year, 10 months ago

Global Investors Summit Will Bring Investment More Than Double UP's GDP, Says CM Yogi Adityanath - News18

News 18  

Investment proposals more than double Uttar Pradesh’s GDP will come the state’s way in the upcoming Global Investor Summit, UP Chief Minister Yogi Adityanath told Rahul Joshi, Group Editor-in-Chief, Network18, in an exclusive interview on Sunday. More than 20 Union ministers are likely to take part in the event including Defence Minister Rajnath Singh, Union Home Minister Amit Shah and …

No funding winter, funding always waiting to see more innovative startups: Nirmala Sitharaman to Network18
1 year, 10 months ago

No funding winter, funding always waiting to see more innovative startups: Nirmala Sitharaman to Network18

Firstpost  

Finance Minister Nirmala Sitharaman said, ‘The major push for startups happened in 2016 when the honourable Prime Minister announced a policy. And subsequently year after year giving concessions’ New Delhi: Union Finance Minister Nirmala Sitharaman on Friday said that funds are waiting to see more innovative startups from India and assured that there is no scarcity of funding. In an …

Budget 2023: Centre's vision for 'Amrit Kaal' is a technology-driven, knowledge-based economy
1 year, 10 months ago

Budget 2023: Centre's vision for 'Amrit Kaal' is a technology-driven, knowledge-based economy

Firstpost  

With emphasis on AI, 5G and technology and a focus on Green Growth, the Union Budget 2023-24 has emphasised on creating opportunities with sustainability. This is a very forward-looking budget and will most certainly help key stakeholders utilise opportunities for higher growth Finance Minister Nirmala Sitharaman presented a blueprint for an improved economy and reiterated her intention to bring the …

In an uncertain world, a compassionate Budget
1 year, 10 months ago

In an uncertain world, a compassionate Budget

Hindustan Times  

Union Budget 2023-24 is bold in its ideas, yet conservative in its calculus, ambitious in its strategies, yet firmly anchored in reality. India@100 will rest on the pillars of inclusivity and prosperity, where “fruits of development reach all regions and citizens, especially our youth, women, farmers, Other Backward Classes, Scheduled Castes, and Scheduled Tribes.” As reflected through the first two …

From Ease Of Doing Business To Tax Benefits And Setting Up Fund, Start-ups Laud Budget 2023
1 year, 10 months ago

From Ease Of Doing Business To Tax Benefits And Setting Up Fund, Start-ups Laud Budget 2023

ABP News  

Finance Minister Nirmala Sitharaman on Wednesday presented the last full Budget of Modi 2.0 government ahead of the next Lok Sabha elections in 2024. The several initiatives announced for start-ups in Budget 2023 augur well for the growth of the vibrant start-up ecosystem in India besides promoting entrepreneurship and job creation. "The extension of incorporation date for tax exemption would …

Budget 2023: Finance Minister opens up a goodie bag for all stakeholders
1 year, 10 months ago

Budget 2023: Finance Minister opens up a goodie bag for all stakeholders

Firstpost  

The Union Budget 2023 has attempted to touch every aspect of the economy and continues to give 7 percent growth guidance. Some of the key high-impact announcements for the startup sector, which will give a further growth impetus to young entrepreneurs are Launch of agri accelerator fund The finance minister has announced the setting up of an agri accelerator fund …

Budget 2023 | Government extends support measures for start-ups
1 year, 10 months ago

Budget 2023 | Government extends support measures for start-ups

The Hindu  

Asserting the importance of entrepreneurship for the economic development of the country, Finance Minister Nirmala Sitharaman on Wednesday proposed to extend the period of incorporation for income tax benefits to eligible start-ups by one more year till March 31, 2024. India is now the third-largest ecosystem for start-ups globally and ranks second in innovation and quality among middle-income countries,” Ms. …

Citizens\' expectations of the budget
1 year, 10 months ago

Citizens\' expectations of the budget

Deccan Chronicle  

With Union finance minister Nirmala Sitharaman all set to present the Budget on Wednesday, experts speak of their expectations. With India preparing to increase its spending towards the public health expenditure sector to 2.5 per cent of GDP by 2025, this sector can see a record increase. Nabhan Mahmood, real estate businessman Our recommendations to the ministry of finance include …

Budget 2023-24 Expectation: Simplify regulations, availability of funding for small business owners
1 year, 10 months ago

Budget 2023-24 Expectation: Simplify regulations, availability of funding for small business owners

Firstpost  

The Indian startup ecosystem has progressively matured in recent years owing to an overwhelming number of angels, venture capital funds, incubators, and accelerators, as well as government interventions such as Digital India and Startup India, which have accelerated the startup and investment activity across cities and new market segments. Here is what startups and investors expect from the union budget …

Budget 2023 Expectations: Foster tie-ups between government and stakeholders to support startups
1 year, 10 months ago

Budget 2023 Expectations: Foster tie-ups between government and stakeholders to support startups

Firstpost  

The Indian startup ecosystem has been witnessing an unprecedented boom in the last few years with new businesses emerging in a multitude of sectors. As a result, this year’s Union Budget 2023 is being closely watched by many startups, as they seek measures to support them in overcoming these difficult times. To ensure effective regulation of the rapidly developing startup …

Budget 2023 Expectations: Startups seek efforts to foster innovation and digitisation
1 year, 10 months ago

Budget 2023 Expectations: Startups seek efforts to foster innovation and digitisation

Firstpost  

The year gone by would be remembered as a marquee year for the technology space, especially smart wearables, from an innovation and adoption standpoint in India. Attention to diversifying the vast pool of Indian talent will also help create new cutting-edge differentiation in the startup sector, enabling India to take center stage in the global ecosystem. Creating an ecosystem for …

Budget 2023: From Tax Relaxation And Funding To Boost Digital Ecosystem. Know Start-Up Wishlist
1 year, 10 months ago

Budget 2023: From Tax Relaxation And Funding To Boost Digital Ecosystem. Know Start-Up Wishlist

ABP News  

India is home to the world’s third-largest start-up ecosystem after the US and China. "We are expecting additional tax benefits and lower tax rates and extending the scope of employee stock ownership plan taxation reforms to start-ups," said Lalit Arora, co-founder, VingaJoy, a firm that deals with consumer electronics. Shilpa Bhatia, founder, The Clothing Rental, an e-commerce portal said, “The …

'Budget 2023 Expected To Build On Reforms Agenda To Ignite Engine of Entrepreneurship, Job Growth'
1 year, 10 months ago

'Budget 2023 Expected To Build On Reforms Agenda To Ignite Engine of Entrepreneurship, Job Growth'

News 18  

The Union Budget is one of the most-awaited documents presented by the government. However, with inflation and with post-pandemic recovery boosting tax revenues, it is expected that the central gross fiscal deficit will be contained at the target of 6.4 per cent for this fiscal year. In the previous Budgets, the FM had opted for a longer fiscal consolidation path, …

Budget 2023 likely to invest in sustainable agriculture, R&D to improve farmers' livelihoods
1 year, 10 months ago

Budget 2023 likely to invest in sustainable agriculture, R&D to improve farmers' livelihoods

India TV News  

Budget 2023: Agriculture is a vital sector for India's economy, as it employs a large portion of the population and is a major source of food security. In Budget 2023, the government needs to invest more resources to improve farmers' livelihoods. BUDGET 2023: FULL COVERAGE These schemes include Pradhan Mantri Kisan Samman Nidhi and the Pradhan Mantri Fasal Bima Yojana. …

Budget 2023: What Fintech companies expect from Modi govt
1 year, 10 months ago

Budget 2023: What Fintech companies expect from Modi govt

India TV News  

Budget 2023: The Fintech sector has been a frontrunner for the growth of the India's financial industry. The sector is rightfully portrayed as a vital constituent for supporting Indian government’s efforts for financial inclusion and digital India, and a bridge to reach the $5 trillion economy target by 2025. With the upcoming Union Budget 2023-24, the timing has been ideal …

Budget 2023 expectations: What does THESE leading corporates expect?
1 year, 10 months ago

Budget 2023 expectations: What does THESE leading corporates expect?

Live Mint  

The Union Budget 2023 will be presented by Finance Minister Nirmala Sitharaman on the Parliament on February 1. Prisma AI anticipates that the finance minister will allocate a greater overall budget towards AI and Technology for future ready solutions, which can include face-recognition based entry and ticket systems, ANPR plus GPS based tolls or turnstile activation, body posture estimation systems …

Budget 2023: How to accelerate growth of Indian manufacturing sector
1 year, 11 months ago

Budget 2023: How to accelerate growth of Indian manufacturing sector

India TV News  

Budget 2023: In recent years, the government has implemented a number of supply-side policies to boost manufacturing, and thus investment and Economic growth. According to the experts, the union budget for 2023-24 may benefit the sector significantly as the government intends to provide a significant boost to manufacturing while focusing on increasing private investment and exports.“The Indian manufacturing sector anticipates …

How Budget 2023 can help Indian Startups: Top 5 expectations
1 year, 11 months ago

How Budget 2023 can help Indian Startups: Top 5 expectations

India TV News  

Budget 2023 Expectations: India is emerging as one of the strongest business environments in the world, and our entrepreneurial spirit is one of our greatest strengths. Among the few expectations and viewpoint that industry professionals put forth from the budget include: As per Ridhima Kansal, Director, Rosemoore, “The Indian start-up ecosystem is no more just a peripheral entity but is …

Budget 2023: Fintech Industry Expects Govt Push For Smaller NBFCs Working In Tier-2, Tier-3 Cities
1 year, 11 months ago

Budget 2023: Fintech Industry Expects Govt Push For Smaller NBFCs Working In Tier-2, Tier-3 Cities

ABP News  

Fintech is no longer considered a trend. Leaders in the fintech industry are already submitting their wish lists to Finance Minister Nirmala Sitharaman, as the new Union Budget for 2023 is much closer. According to the sources, in the last pre-Budget meeting, the finance minister met with experts in the fintech industry to seek their opinions on their expectations for …

Budget 2023: Industry Pins Hopes On Increased Govt Funding And Support For Online Initiatives
2 years ago

Budget 2023: Industry Pins Hopes On Increased Govt Funding And Support For Online Initiatives

ABP News  

Union Finance Minister Nirmala Sitharaman is expected to present the Union Budget 2022-23 on February 1, 2022. Hence, a natural expectation for most of India's population from Budget 2023 is to see a range of positive income tax changes to support households who have been hit by rising costs. There is palpable anticipation around the upcoming Budget 2023, which must …

India’s startup ecosystem should adapt to tight money conditions
2 years, 3 months ago

India’s startup ecosystem should adapt to tight money conditions

Live Mint  

India has emerged as the third largest startup ecosystem in the world, with 107 unicorns with a total valuation of $340.79 billion, as of 7 September 2022. The reason for such a ‘funding winter’ is to be traced to global macroeconomic developments, especially changing interest rate regimes between 2020 and 2022. The Fed also provided forward guidance on the future …

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