Indian Startup News

Gurugram-based early-stage venture capital fund FAAD Capital announced that it has strategically invested $121,000 in four agritech startups as part of its AgriManch accelerator program. The startups receiving the investment in the pre-seed round include Godaam Innovations, VedaFit Foods, Aqin Biotech, and Mkelly Biotech. Read the full story here: 👇 https://lnkd.in/dF8XgAV8 #agritech #startup #funding #Investors #agriculture #Innovation #indianstartupnews

Bengaluru-based insurtech startup Acko has acquired digital chronic care management firm OneCare. The terms of the all-cash transaction remain undisclosed. As part of the deal, OneCare co-founders Rakesh Shivran and Sagar Bhat will join Acko’s leadership team. Read the full story here: 👇 https://lnkd.in/dnXiC6eS #bengaluru #insurance #insurtech #startup #acquisition #healthtech #Indianstartupnews

Bhavish Aggarwal-led EV maker Ola Electric is reportedly preparing to launch its much-anticipated IPO next month, in August, according to Moneycontrol. The report said the company is looking to raise around $740 million through a combination of a fresh issue and an offer for sale, targeting a post-money valuation between $4 billion and $4.25 billion. This is a significantly lower valuation compared to its previous $5.4 billion valuation in the last funding round. The report comes seven months after Ola Electric filed its draft red herring prospectus (DRHP) with SEBI on December 22, 2023. #olaelectric #ipo #startup #electricscooter #ev #bengaluru #indianstartupnews

Bengaluru-based Unimech Aerospace has raised Rs 250 crore (or approximately $30 million) in a private placement round. The round was led by Steadview Capital Mauritius Limited, ValueQuest Scale Fund, and Evolvence India Fund IV Ltd. The company specializes in manufacturing of high precision tooling for aero-engines and airframes, along with complex high-precision components and assemblies, and for the aerospace, defence, energy, and semiconductor industries. Read the full story here: 👇 https://lnkd.in/dSJjj2PN #bengaluru #investors #IPO #funding #manufacturing #indianstartupnews

In our first-ever episode of the ISN Podcast series, We have Kumar Priyank, the Chief Privacy Officer (CPO) of DPDP Consultants. With over 15 years of experience in IT Service Delivery, Data Privacy, and Security Consulting, Kumar brings a wealth of knowledge and expertise to the discussion. He specializes in Privacy Advisory, GDPR, and DPDP Compliance and has successfully led numerous digital service deliveries and GDPR implementations. Kumar has also worked in notable companies like HCLTech, GDPR Consultants, DXC Technology, Computer Sciences Corporation, and Moody's Analytics. Watch the full video on our YouTube channel: 👇 https://lnkd.in/dzhf-vQR #security #startup #cybersecurity #entrepreneur #founder #indianstartupnews

Ola Electric rival Ather Energy's loss attributable to Hero MotoCorp stood at Rs 389.77 crore on a consolidated basis, against Rs 192.5 crore in the year-ago period, according to the latest annual report released by the company. Notably, Hero holds more than a 40% stake in the EV maker. While Ather Energy hasn’t released its financials for fiscal 2024, Hero MotoCorp’s annual report showed that Ather Energy’s loss widened to Rs 1,060 crore from Rs 864 crore in fiscal 2023. Revenue was largely flat at Rs 1,789.10 crore in fiscal 2024 versus Rs 1,783.60 crore in the financial year 2023. #athernergy #ev #hero #electricscooter #business #startup #Indianstartupnews

The National Company Law Appellate Tribunal (NCLAT) in Chennai will hear Byju’s appeal against insolvency proceedings on July 29, Bar and Bench reported. On Tuesday, Senior Advocate Pramod Nair, representing Byju’s parent company, Think and Learn, made an urgent mention before the NCLAT bench comprising judicial member Sharad Kumar Sharma and technical member Jatindranath Swain. Nair emphasized the urgency, citing the need to pay salaries to the employees. The NCLAT’s decision to list the matter comes after the National Company Law Tribunal (NCLT) in Bengaluru admitted an insolvency plea filed by the Board of Control for Cricket in India (BCCI) on July 16. BCCI's s claim stems from unpaid dues of R158 crore related to sponsorship rights. By admitting BCCI’s plea, the NCLT triggered the corporate insolvency resolution process under the Insolvency and Bankruptcy Code (IBC) for Think and Learn. As mandated under the IBC, the NCLT appointed a resolution professional, Pankaj Srivastava, to manage all affairs of the company in the interim. It's worth noting that the edtech startup first approached the Karnataka High Court, but the court did not admit the company's plea. #byjus #edtech #chennai #startup #BCCI #Indianstartupnews

Shark Tank India judge Anupam Mittal, in a recent post on X, praised Union Budget for removing the angel tax, stating, "the much-dreaded ‘Angel Tax’ finally abolished. Hopefully, this is a 1st step in many that not only levels the playing field for India but tilts it in our favour, so we can build truly global companies from Day 1." "LTCG has also been harmonised across pvt and public cos at 12.5%. Another shot in the arm for startup investors. But ye dil maange more Next on list should be 1) taxing esops only on exit 2) giving tax credit for startup investments. Aag lag jaayegi," Mittal added. #angeltax #anupammittal #startups #investors #government #tax #Indianstartupnews

Zerodha co-founder Nithin Kamath, in a recent post on X (formerly Twitter), said the tax hikes on futures and options (F&O) trading and capital gains might "cool down the activity in the markets." "STT on options goes up from 0.062% to 0.1%. STT on futures goes up from 0.0125% to 0.02% from October 1st. We collected about Rs 1500 crores of STT last year, Zerodha. If the volumes don't drop, this will increase to about Rs 2500 crores at the new rates," he said. "If the idea was to cool down the activity in the markets, this might just do the trick," he added. Read the full story here: 👇 https://lnkd.in/dWxXpKVK #zerodha #market #investors #tax #indianstartupnews

Online fashion and beauty commerce platform Nykaa is raising Rs 125 crore (approximately $15 million) through non-convertible debentures. While the company said that the debentures would be issued to a foreign portfolio investor. It didn’t disclose the investor’s name. As of now, Nykaa has 14 subsidiaries and one associate named Earth Rhythm. Read the full story here: 👇 https://lnkd.in/g7Uv9G5d #nykaa #fashion #ecommerce #debt #company #indianstartupnews