New start comes back to India after the removal of the angel tax and highlights positive changes in the business landscape, mentioned Amardeep Singh Bhatia, secretary for the department for marketing industry and internal trade (DPIIT).
DPIIT works to improve capital inflow through various efforts, including collaborations with international partners and financing systems to support Start -ecosystem.
In July 2024 abolished the “angel tax” to strengthen entrepreneurial spirit and support innovation when presented Budget 2024-2025 in Parliament. The Angel tax Treated investments received by start -ups from external investors such as “income from other sources” and took out a taxation of 30% on them. Often cards from funds, start -ups tend to lose money because angel tax requires that they share a significant part of the investment to pay taxes.
DPIIT is actively increasing capital flow with several initiatives, such as partnerships with foreign organizations and financing programs to strengthen the start -up ecosystem. In addition, local startups have generated more than 1.6 million jobswith DPIIT who officially recognizes 157,000 startups from December 25.
The South Asian power plant has Over 73,000 Startups with at least one female director. Powered by affordable internet access and a youthful labor force, India’s thriving ecosystem has produced over 100 unicorns and played a crucial role in shaping global innovation.
9 years Startup India Initiative
January 16, 2025 celebrated India Nine years startup India. This opportunity is appointed as a national start day and celebrates the country’s progress in promoting a robust and inclusive entrepreneurial ecosystem.
“Startups in Fintech, Edtech, Health-Tech and e-commerce have handled local challenges and received global recognition. Companies such as Zomato, Nykaa and Ola Showcase India’s transition from job seekers to job creators and drives financial progress, ”Ministry of Trade and Industry said in a statement.
India has firmly established itself as Third largest start -up ecosystem In the world. This lively ecosystem, driven by over 100 unicorns, continues to redefine innovation and entrepreneurship on the global stage.
By Startup India InitiativeDPIIT has completed various projects and implemented recurring models to operate the local start -up ecosystem. Qualified companies can receive recognition as startups of DPIIT and utilize benefits such as tax exemptions, simplified compliance and accelerated IPR processes.
“Startup India has given wings to so many young people’s ambitions,” Prime Minister Narendra Modi said In January 2025, the ninth anniversary of the startup India initiative marked.
“The good news is: Small cities are becoming more and more starting centers. Equally happy to see women take the lead in so many start -ups, “Modi said. “Sectors such as waste management, non-renewable energy, biotechnology and logistics witness the maximum number of start-ups.”
The government also has prompted start -ups to use ‘Entity Locker’, ‘ Which allows start -ups to safely store and access important business documents at any time, which reduces the dependence on physical files.
National Egovenance Division (Negd), under the Ministry of Electronics and Information Technology (Meity) has developed unit cabinetsA groundbreaking digital platform designed to convert handling and verification of business/organizational documents.
Entity Locker is a secure, cloud -based platform that simplifies document storage, sharing and verification for various devices, including start -up companies, SMEs and confidence. It supports India Digital public infrastructure Goals and Union budget 2024-25 Vision for improved digital control. The platform is integrated with state systems and offers real -time document access and verification, consent -based secure information sharing, 10 GB encrypted cloud storage, and legally valid digital signatures.
As part of the Digital India program, Entity Locker shows how technology can be used innovatively to manage complex administrative challenges and drive economic growth.
NetRadyne First Unicorn 2025
NetRadyne, a supplier of logistics Artificial intelligence (AI) solutions, have become First Unicorn 2025 In India’s start -ecosystem after securing $ 90 million in its series D -financing round, led by its existing investors, Point72 Private Investments. Avneesh Agrawal, co -founder and CEO of NetRadyne, mentioned That financing round drove up the start’s valuation after money at $ 1.34 billion.
NetRadyne is focused on AI-Powered Fleet Safety and Video Telematics Solutions.
“The successful implementation of our series D-financing round is a significant milestone for NetRadyne and proof of the confidence that our investors have in our vision and innovative strategy for AI-driven fleet’s security solutions,” Said Agrawal in a statement.
“This financing provides us resources to accelerate growth, expand our technology functions and deliver even greater value to our customers all over the world,” added Agrawal.
Before this raised NetRadyne 65 million dollars in 2022 from Silicon Valley Bank through a combination of debt and equity, with a valuation of just under $ 1 billion. With the latest funding round, the company has secured a total of $ 317 million over four funding rounds from investors such as Reliance, M12, Softbank (Nasdaq: sftbf), Qualcomm Ventures and Pavilion Capital, among others.
NetRadyne was founded in 2015 and now earns over 3,000 customers and 450,000 active subscribers across the United States, Canada, Mexico, Germany, the United Kingdom, Australia, New Zealand and India, with plans to expand to Europe and Japan. Its customers include major players in retail, food, oil and gas, transport, tools, field services, transit and construction.
Walmart initiative with start -ups
Global dealer, Walmart (Nasdaq: WMT, have announced attempts With three India-based startups to explore solutions for their US supply chain and buy the business. Startups – Pune’s Kbcols Sciences, Chennais Greenpod Labs and Bengalurus Cropin – chose after their participation in Walmart’s growth meeting last year.
These pilot programs aims to improve product availabilityReduce waste and develop sustainable alternatives for manufacturing processes, such as replacing synthetic textile dyes to lower environmental impact.
Cropin, a Bengaluru-based Agtech platform, provides AI-driven insights on crops, productivity, resource optimization and consistent harvest quality. The pilot will test this technology on production chains, which can potentially improve the efficiency of purchasing goods, improve computer accuracy and reduce waste. This initiative, part of Walmart Global Tech’s Sparkubate program, will help startups to scale their solutions to manage important retail challenges.
Look: India will be front trunner in digitalisation
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