Latest Startup News, Funding News, Tech News, Insights & Stories from Indian Startup Ecosystem
Summary: Amazon Web Services (AWS) will invest $8.2 billion in Maharashtra by the end of fiscal year 2029-30, Union IT Minister Ashwini Vaishnaw has announced. The investment will enhance AWS’s cloud infrastructure in the AWS Asia-Pacific (Mumbai) Region and introduce advanced technologies like GPUs and cloud management services. Vaishnaw said AWS is optimistic about India’s…
Summary: The Indian government is set to allocate ₹6,000 crore to BSNL to accelerate its 4G expansion, enabling the deployment of around 100,000 4G sites nationwide. The funding, reportedly approved at a recent Cabinet meeting, aims to enhance BSNL’s network capacity and competitiveness in the telecom market. This move aligns with the government’s efforts to…
Summary: WeWork, backed by Embassy, has filed for an IPO with SEBI, offering 4.4 crore shares through an offer-for-sale (OFS) structure. Embassy Buildcon, the largest shareholder with a 73.8% stake, and WeWork Global affiliate 1 Ariel Way Tenant Ltd., holding 22.7%, will sell the shares. The company itself will not raise funds from this IPO,…
Summary: Snabbit, a Mumbai-based startup providing on-demand home services such as cleaning, laundry, and dishwashing, has announced the successful completion of its $5.5 million Series A funding round. The round was led by Elevation Capital, with additional backing from Nexus Venture Partners and prominent angel investors. Launched in 2024 by Aayush Agarwal, Snabbit takes a…
Summary: BlueMedix, a leading retail pharmacy chain in Eastern India, has raised $5 million in a pre-series funding round led by a Dubai-based family fund. With 130 stores across Bihar, Jharkhand, UP, and MP, the company plans to expand nationally, targeting South, West, and Central India. The funding will support geographic growth, the establishment of…
Summary: Kisaan Say, India’s first cross-category direct-from-origin food brand, has raised $2 million in a pre-seed funding round led by Jungle Ventures via its First Cheque@Jungle platform, with participation from senior food industry leaders. Co-founded by Nitin Puri, Manoj Karki, and Vaishali Mehta, the brand partners with 20 farmer collectives, benefiting over 50,000 farmers. KisaanSay…
Summary: Sarla Aviation, a Bengaluru-based aerospace startup, has raised $10 million in funding led by Accel, with participation from notable angel investors. Founded in 2024, the company aims to address urban congestion through electric air taxis. Its first prototype, Shunya, designed for six passengers and a pilot, will debut at the Bharat Mobility Global Expo….
Crypto investment platform BitSave has successfully closed its pre-Series A funding round, securing an undisclosed amount from Leo Capital. The platform, founded in 2022 by former core team members of Koinex—Zakhil Suresh, Sajal Sharma, Asif Kattakath, and Vishnu Karthkeyan—aims to simplify long-term crypto investments by offering passive investment products, including a flagship crypto index product…
Daily Indian Startup News and Funding Alert – 29 July 2024 Funding News D2C haircare brand Moxie Beauty raises Rs 17.3 Cr Moxie Beauty, a D2C haircare brand based in Gurugram, has raised Rs 17.3 crore ($2.1 million) in funding led by Fireside Ventures. This round also saw participation from a group of angel investors,…
Summary: In a bid to enhance the startup ecosystem and promote innovation in India, Finance Minister Nirmala Sitharaman announced the removal of the angel tax. The angel tax, introduced in 2012 under Section 56(2)(viib) of the Income Tax Act, imposed a tax on premiums paid by investors above the fair market value of shares in…