Kristal.AI, an Artificial Intelligence powered digital asset management platform, has reportedly raised seed funding of $1.85 million (approximately Rs 12 crore). The funding round was led by IDG Ventures India and saw participation from well-known angel investors including Shailesh Rao, Senior Advisor-TPG McKinsey, and Amit Gupta, Founding Partner of Newquest Capital. The startup was founded […]
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The Narendra Modi government is reportedly contemplating establishing a limit on the tax concessions that can be availed by startups on investments from angel investors, as per a government official. Such a move could help budding entrepreneurs across the country. Numerous startups have raised concerns regarding the taxation of angel funds under Section 56 of […]
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Aiming to help users feel calmer, more mindful and confident, Shine, a wellness messaging startup has received an investment worth $5 million. According to a statement by the company, Shine plans to focus on product development and job growth in order to add members to their team. With a presence in 189 countries since its […]
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Bengaluru-based MoveInSync Technology Solutions, a transportation and logistics startup, has raised an $8 million investment round. The startup runs a platform which provides users with features to improve their transportation and commuting experiences, such as tracking commute times and making sure the commute is efficient. The company was previously a car-pool startup called RideInSync. Inventus […]
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Ride-hailing giant, Ola, announced that it has acquired the Mumbai-based Ridlr. The deal mark’s Ola’s expansion into the public transportation segment. The deal is primarily a stock transaction. The acquisition is the second such major acquisition made by Ola. In December 2017, the ride hailing giant acquired Foodpanda in a $40-$50 million deal. “Public transportation […]
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