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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…
A global Microsoft outage affected users across various sectors, including banks, airlines, and media broadcasters, on Friday. The disruption, occurring just hours after Microsoft began addressing an issue with its Microsoft 365 apps and services, led to widespread reports of service failures. Despite Microsoft’s updates suggesting improvements, outages continued globally. In Australia, major banks, airlines,…
Google has announced a significant price reduction for Google Maps services in India and will begin accepting payments in Indian rupees starting August 1, 2024. This move follows the recent launch of Ola Maps by ride-hailing giant Ola, which offers competitive pricing and billing in Indian rupees. Ola’s transition to its own mapping solution is…
Indian cryptocurrency exchange WazirX suffered a security breach on Thursday, resulting in the temporary suspension of all withdrawals. The breach involved the transfer of approximately $230 million from one of WazirX’s multisig wallets to an unknown address. Web3 security firm Cyvers reported the suspicious activity, leading WazirX to confirm the breach and pause withdrawals to…
Summary: AstroTalk, an online astrology platform, raised â‚ą78.3 crore in a Series A funding extension from Left Lane Capital and Elev8 Capital. Founded in 2017 by Puneet Gupta and Anmol Jain, AstroTalk connects users with astrologers and other experts via the internet, phone, and chat. The platform boasts 13,000 practitioners and generates 90% of its revenue from…
Key Points Seed Funding Success: EleFant, a Mumbai-based mobile app-based toy library, secured Rs 6 crore in seed funding co-led by Venture Catalysts and Malpani Ventures. Founding Vision: Founded in 2023 by Sourabh Jain, EleFant aims to transform how Indian families engage with toys and play, offering a diverse selection of toys and books for…
In a significant move that underscores the growing demand for high-quality dairy products in India, Telangana-based dairy brand Sid’s Farm has successfully raised $10 million in a Series A funding round. The round was co-led by agritech-focused venture capital firm Omnivore and the Narotam Sekhsaria Family Office (NSFO). Expanding Manufacturing and Talent Acquisition Founded in…
Key Points : These points summarize Dubai’s achievements and strategic efforts in attracting FDI in the cultural and creative industries, highlighting its leadership, economic impact, and future ambitions. Global Leadership in FDI: Economic Growth and Targets: FDI Capital and Job Creation: Leadership and Infrastructure: Dubai Economic Agenda (D33): Strategic Engagement with Key Markets: Diverse FDI…