Go big or go home seems to be the mantra of India’s online grocery sector dominated by giants like Tata and Amazon. Flipkart is looking to do exactly that with a potential $100 million investment in Ninjacart.
A complex unfriendly capital gains tax system is a big reason why many Indian start-ups have relocated their headquarters outside India, according to a report on direct tax administration brought out by Bangalore Chamber of Industry & Commerce.
Anur Cloud Technologies raised a seed round from AIG Direct LLC for an undisclosed amount which it intends to use to further expand its overseas presence and strengthen its capabilities in India.
Cofounder Screwvala says lower stake dilution early on gives co flexibility
Startup grouping IndiaTech writes to IT minister to set standards similar to the Entertainment Software Rating Board (ESRB). IndiaTech wants civil society and industry collaboration to develop a code.
The Ninjacart funding will be one of the largest investment rounds by the e-commerce major in a startup as it races to expand its footprint in India’s fast growing online grocery business.
The transaction pegged Urban Company’s valuation at $2.8 billion, which was higher than the $2.1 billion net worth the home services provider commanded during its Series F funding round in June 2021.from Technology News, Latest Gadget Reviews, Gaming & Tech Videos | Times of India https://ift.tt/o3b1NzK
