Union Finance Minister Nirmala Sitharaman announced the establishment of a Rs 1,000 crore venture capital fund to encourage the development of space technology during her Budget 2024 speech.
The fund will significantly help in the expansion of India
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Jeet Sarkar
Stealth • 8m
Government has collected Rs 600 cr penalty for delay in PAN-Aadhaar linking; 11.48 cr PANs not linked yet.
🔥 BJP Government Commits ₹1,000 Crore to Space Startup Fund 🔥
The government declared the allocation of ₹1,000 crore for a venture fund dedicated to space startups, underscoring its significant focus on the development of the space sector
BJP Go
Top News of Today (10th Oct 2024):
1) B2B robotics startup Haber raises Rs. 317.2 Cr ($38 Mn) in Series C.
2) Assistive technology startup Social Hardware raises Rs 3.2 Cr.
3) Equirus InnovateX Fund leads Rs. 8.3 Cr ($1 Mn) round in data engineering
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Mohammed Zaid
Stealth • 15h
Snapdeal founders Kunal Bahl and Rohit Bansal’s venture capital firm Titan Capital has marked the final close of its winners fund at Rs 333 crore ($40 million).
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Harsh Dwivedi
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Medial • 7m
Top News Of the Day:
1. Venture capital firm Prath Ventures has raised Rs 120 crore marking the second close of its INR 225 Crore round, led by SIDBI Funds and others.
2. Dermatology startup Cureskin raises Rs. 160 Cr ($20Mn) led by Healthquad
3. O
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VCGuy
Stealth • 3m
Last week, news broke that India's former Defence Secretary launched his VC fund, Mount Tech Growth Fund.
The first fund, named Kavachh, is expected to be ~₹500 Cr, supporting Defence Tech startups.
⏭️Demand for Defence Technology seems to be on t
Top news of the day-
1. Ghost Kitchen raised Rs. 40 Cr ($5M).
2. Varaha raised Rs. 69 Cr ($8.7M).
3. AI startup Kusho raised Rs. 6 Cr ($600k).
4. Nexus Venture Partners invest Rs. 120 Cr ($20M) in Orkes.
5. Venture Debt crossed $1B mark last fiscal
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3 replies27 likes
Harsh Dwivedi
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Medial • 7m
Top news of the day-
1. Ema Unlimited - an AI employee assistant raised Rs. 200 Cr ($25M) from Accel and Prosus.
2. Rural commerce startup Rozana raises Rs. 180 Cr ($22.5M) from BII, Fireside.
3. Louisa AI raised Rs. 40 Cr ($5M) from Oxford Univers