2024-07-24
The Indian startup ecosystem is rejoicing over the removal of the Angel Tax but does it bring complete relief? Well, the move in the Union Budget 2024-25 is not retrospective. This essentially means that investments made before FY24 are subject to a 30% tax. A🧵on #Angeltax catch
TechCrunch
India scraps “angel tax” for all classes of investors, a major victory to the country's startup ecosystem that had lobbied for years against the measure
Manish Singh / TechCrunch :
2023-12-29
NEW: FirstCry is one of the handful of e-commerce companies which has managed to cross the Rs 5,000 crore revenue threshold. The Pune-based unicorn has recorded around 2.4X growth in revenue in FY23 but its losses blew 6X during the same period. A 🧵 on FirstCry FY23 results
TechCrunch
Filing: FirstCry, India's biggest e-commerce platform for mother and baby products, aims to raise $218M in its IPO; source: the startup wants a ~$4B valuation
Manish Singh / TechCrunch :
2022-05-17
NEW: As Paytm Mall joins the government-backed e-commerce platform, the Open Network for Digital Commerce or ONDC, the firm sheds almost 99.5% of its valuation that it built since 2017. (cont...) https://entrackr.com/...
Entrackr
Paytm Mall, the e-commerce arm of Paytm, loses Alibaba and Ant Financial as investors, and its valuation drops from $3B to $13M
As Paytm Mall joins the government-backed e-commerce platform, the Open Network for Digital Commerce or ONDC, the firm sheds almost 99.5% of its valuation that it built since 2017.
NEW: Alibaba + Ant would be exiting Paytm Mall with $5.3 Mn and both will be writing off their investments. Alibaba and Ant's holdings in Paytm Mall were collectively valued at around $1.2 Bn in July 20219. Story by @Tyagi0G + @upadhyay_harsh1 (cont...) https://entrackr.com/...
Entrackr
Paytm Mall, the e-commerce arm of Paytm, loses Alibaba and Ant Financial as investors, and its valuation drops from $3B to $13M
As Paytm Mall joins the government-backed e-commerce platform, the Open Network for Digital Commerce or ONDC, the firm sheds almost 99.5% of its valuation that it built since 2017.
2021-04-27
SCOOP: Urban Company has raised ~$190 Mn round led by Prosus at a valuation (PM) of close to $2 Bn. UC has become the 12th startup to turn into a unicorn in 2021 + 7th in April. Glad that @entrackr broke this 2 weeks ago. Story by @Tyagi0G + @upadhyay_harsh1 with full details: https://twitter.com/...
Entrackr
India-based on-demand home services startup Urban Company, formerly UrbanClap, raises ~$190M Series F led by Prosus at a post-money valuation of ~$2B
Urban Company is the 7th Indian startup to cross $1 billion in valuation this month, and the 12th this year. Binu Paul / TechCircle : Urban Company raises $188 million in growth ro...
2020-12-08
SCOOP: Cuemath raised $40 Mn Series C round co-led by Lightstone Fund + Falcon Edge's AWI. Capital G + Sequoia also participated. As per Fintrackr, Cuemath has been valued $173 Mn in fresh round. Entrackr had exclusively reported about the deal in Sep. My story with @Tyagi0G https://twitter.com/...
Entrackr
Cuemath, which provides online math tutoring and after-school classes in India, raises $40M Series C from investors, including Capital G and Sequoia
2020-08-19
ET report pegs the Medlife-Pharmeasy merger deal at around $235 Mn based on the $1.2 Bn enterprise valuation of the joint entity. A valuation report by Medlife on Jan 31 2020, it was valued at $375 Mn - indicating $140 Mn haircut in its valuation. My story with @mittal_aarzoo https://twitter.com/...
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