The highly anticipated Union Budget 2018 has left startups disenchanted. Startups across the country were hoping the budget would address the issues faced by them and meet their various demands. Their biggest hope was that the Union Budget would finally abolish the Angel Tax. But the spirits of startups and investors were lifted with the […]
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Chinese electric car-maker, Xiaopeng Motors, announced that it raised 2.2 billion yuan (approximately $347.74 million) in a funding round led by Chinese e-commerce giant Alibaba Group Holdings Ltd and Foxconn Technology Co Ltd. The round also saw participation from other prominent investors including IDG Capital, GGV Capital, Morningside Venture Capital, and Matrix Partners, stated Alibaba […]
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The central government led by Prime Minister Narendra Modi, has been focussed on supporting startups and fostering the entrepreneurship spirit in the country. In lieu of this, the Startup India program was launched in January, 2016 which aims at creating a conducive environment for startups in the country by providing them with financial support and […]
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Hyderabad-based plastic recycling startup, Banyan Nation, won the Dell People’s Choice Award for Circular Economy Entrepreneur at the Circular Economy Awards held earlier this week at the World Economic Forum in Davos, Switzerland. It is the first Indian firm to be shortlisted for and win a Circular Economy Award. The startup won the laurels for […]
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Floyd, a furniture making startup hoping to improve the entire experience surrounding the purchase of new furniture, has raised its Series A funding round. Founded in 2013 by Kyle Hoff and Alex O’Dell, Lloyd has a presence in 50 countries, according to the company’s website. “It doesn’t matter where you are in the world, the […]
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