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PM Modi Announces Three Year Tax Holiday, Rs. 10,000 Crore Fund For Startups

Narendra Modi, Startup India

Prime Minister Narendra Modi on Saturday announced opening app-based registration for companies to be completed in a single day, a startup fund of Rs. 10,000 Crore and waiver of capital gains tax for startups among the several allowances that government has decided to make for startups. “There will be no income tax on startups’ profits…

GIC to invest S$425m in two India property projects

gic

GIC Real Estate Managing Director and Co-Head Asia Loh Wai Keong says GIC is confident about India’s long-term growth potential. SINGAPORE: Singapore sovereign wealth fund GIC will invest Rs 1,990 crore (S$425 million) in two upcoming property projects in central Delhi, as part of a joint venture agreement with India’s DLF Home Developers Ltd (DHDL)….

Booker Raises $35M Series C Growth Round to Expand Broadly into Service Commerce Market

funding, booker

Booker, the leading platform for service commerce, today announced that it has raised a $35 million Series C growth round of funding led by Medina Capital. The funding round includes a strategic investment by First Data, the global leader in payment technology and services solution, and investment firms Jump Capital and Signal Peak Ventures, as…

Shree Shubham raising $34M in IPO – Tano Capital to part-exit

funding news

Agri commodities-focused supply chain firm Shree Shubham Logistics Ltd has filed its draft red herring prospectus (DRHP) with market regulator SEBI to float its initial public offer (IPO). The proposed public issue comprises fresh issue worth Rs 210 crore (34 million) besides an offer for sale which would lead to part-exit for its private equity…

$80 million raising to make Elon Musk’s insane Hyperloop fantasy into reality

Hyperloop

Elon Musk’s dream of a Hyperloop is a step closer to becoming reality, according to a Forbes report. The Hyperloop is Musk’s plan for a land-based transportation system that makes a bullet train look like an old steam locomotive. Musk has said he’s working on a Hyperloop test track, probably in Texas. But Hyperloop Technologies,…

ALICE App raised $3M as SEED from multiple investors

aliceapp

ALICE, a mobile platform for guests to engage with hotel services and staff to manage all requests, today announced that it has secured $3 million in seed funding. The financing was led by hospitality industry insiders Tishman Realty Principles and the Founders of NeueHouse. Other investors in the round include 645 Ventures – a new…

Stayzilla launches ‘Sell rooms’ – Online marketplace for “stays”

stayzilla.com

Stayzilla.com, an online marketplace for ‘stays’ launched their B2B mobile app ‘Sell Rooms’ for Android platform. The app focuses on stay partners listed on the portal. Available for free download on play store, the app is developed by the technology team of Stayzilla. StayZilla was started under the name Inasra.com but then it was rebranded…

Online Real Estate Market Getting Hotter, Google Capital Bets Big On CommonFloor.Com

Commonfloor, Google

The Bangalore-based online real estate platform, CommonFloor.com, has raised undisclosed amount in a new round of funding from Google Capital. This is the third investment of Google Capital in Asia. On this development Sumit Jain, Co- founder and CEO at CommonFloor.com, said, “This investment shows that Google Capital believes in CommonFloor and our vision to…

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