As per the recommendations of the 25th GST Council meeting, the Government of India has reduced the GST rates applicable to local and home services startups from 18% to 5%. The reduction in tax rates comes as a major relief to these startups. Startups such as UrbanClap, Housejoy and Quikr, presented the following argument to […]
Read More
Off Grid Electric, a San Francisco based startup that develops rooftop solar and battery systems in Africa, announced that it has raised $55 million in funding. According to a statement released by the startup, the Series D funding round was led by Helios Investment Partners and other investors included GE Ventures, which is the venture […]
Read More
Odisha is set to become home to the Centre of Excellence for Virtual and Augmented Reality (VARCoE), on the university campus of IIT-Bhubaneswar, according to an official. The aim of the new incubation centre is to support startups and entrepreneurship in the state, specifically focused on the Virtual and Augmented Reality sector, according to Prafulla […]
Read More
A group of investors led by Softbank Group Corp concluded a deal with Uber Technologies Inc on Thursday. The deal has made Softbank the largest shareholder in the ride hailing giant while simultaneously giving the company a much needed boost. The agreement includes a large purchase of shares by existing investors and employees of Uber. […]
Read More
ShareChat, a Bengaluru-based social media startup, has raised a Series B funding round worth $18.2 million according to a company statement. Since its founding in 2015, the company’s social media platform has allowed users to share and post text, video, GIFs and audio. 80 per cent of Indian web traffic comes from mobile devices, with […]
Read More