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Yourstory
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IT dept rejects PB fintech subsidiary’s Rs 86 Cr expense claim, issues Rs 9 Cr demand notice
- The Income Tax Department has disallowed Rs 85.6 crore in expenses claimed by PB Fintech’s subsidiary, Paisabazaar Marketing and Consulting Pvt. Ltd.
- The Income Tax Department issued a demand notice of Rs 9.32 crore to PB Fintech.
- PB Fintech plans to file a rectification application under Section 154 of the Income Tax Act.
- PB Fintech stated that the disallowed expenses can be adjusted against carried-forward losses, resulting in no additional tax liabilities.
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Medium
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The why, the what, the how.
- Africa, with its vast oil and gas resources, has the opportunity to participate in the sector more than ever.
- Despite being a major oil exporter, Nigeria still imports most of its refined petroleum products.
- The energy demand is expected to rise, creating opportunities for Africans to enter the oil and gas trading sector.
- To get involved, Africans should understand the local market, learn about trading, build connections, and navigate regulations.
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Medium
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Be Minimalist: A Skincare Disruptor’s Journey to HUL
- Be Minimalist operates on a direct-to-consumer (D2C) model to maintain control over its supply chain and offer competitively priced, high-quality products.
- Transparency is a key aspect of the brand, providing detailed information about ingredients and concentrations, fostering trust among consumers.
- Revenue primarily comes from online sales, enabling the company to gather valuable consumer data for product development and personalized marketing.
- Be Minimalist's minimalist visual identity and use of digital media platforms have amplified brand visibility and credibility.
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SiliconCanals
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Meet the European companies that raised €100M and more in Q1 2025; 14 of them are currently hiring
- Europe's startup ecosystem has experienced significant growth, with numerous companies achieving unicorn status and billion-dollar valuations over the past decade.
- There are currently 571 unicorns in Europe, with 22 new ones added in 2024, and 37 surpassing $10 billion in valuation.
- Total funding in Europe has risen tenfold from $43 billion to $426 billion over the last decade.
- In Q1 2025, European startups secured $15.8 billion through about 1,600 funding rounds, covering various sectors like AI, fintech, clean energy, and biotech.
- Several high-growth companies like VistaJet, Isomorphic Labs, and Verdiva Bio have raised substantial funding and are currently hiring.
- VistaJet, a business aviation company, has raised $600 million and is expanding its operations globally while embracing new talent.
- Isomorphic Labs focuses on AI-driven drug design to revolutionize pharmaceutical research and development, attracting significant funding.
- Verdiva Bio, specializing in therapies for obesity and related health issues, secured €398.4 million in Series A funding.
- Other notable companies like AMBOSS, Neko Health, and Synthesia have raised substantial funds and are actively seeking skilled professionals to join their teams.
- The influx of funding in European startups indicates investor confidence in the region's tech, health, and sustainability sectors, driving innovation and growth.
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Economic Times
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India tech startups worth $100 billion seen seeking IPOs by 2027
- More than three dozen tech startups with a combined valuation of $100 billion are set to go public by 2027 in India.
- Companies like Flipkart, PhonePe, and Oyo Hotels are among those seeking to list in the country.
- Most of the startups preparing for an IPO have achieved a balance between growth and profitability.
- Despite concerns about a slowing economy and valuations, bankers predict an uptick in IPO deals in India.
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Yourstory
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Revised investment, turnover criteria from April 1 to help MSMEs scale up, boost job creation: Experts
- The revised investment and turnover criteria for micro, small and medium enterprises (MSMEs), effective from April 1, is expected to offer greater opportunities for growth and expansion, resulting in increased job creation, according to experts.
- Under the revised criteria, the investment and turnover limits for classification of all MSMEs will be enhanced to 2.5 and 2 times, respectively.
- The growth of MSMEs is expected to boost employment creation.
- During her Budget speech, Union Finance Minister Nirmala Sitharaman had announced new classification criteria for MSMEs.
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Yourstory
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Beams Fintech Fund participates in Infinity Fincorp’s $40M funding round
- Beams Fintech Fund has participated in Infinity Fincorp's $40M funding round.
- Infinity Fincorp, backed by True North LLP Private Equity Fund, provides micro-LAP financing in Tier III towns across multiple states in India.
- The micro-LAP segment is expected to grow at a CAGR of 15-20% over the next five to 10 years.
- Infinity Fincorp plans to use the capital to expand its loan book and establish a deeper presence across states.
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Medium
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Cooking Up a Hot Mess : F&B Is a Short-Term Business?
- The F&B industry has two main survival strategies: focusing on sustainability and quality for the long term, or capitalizing on trends and viral marketing for quick profits.
- Around 70% of F&B trends are influenced by social media platforms like TikTok, Instagram, and YouTube.
- Businesses can prepare in advance for annual trends, while chasing viral trends requires speed and financial resources.
- Adopting a partnership model can help businesses exit trend-based ventures with maximum profit before the trend fades.
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Yourstory
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Atomberg surpasses Rs 1,000 Cr in revenue in FY25
- Atomberg Technology has reported crossing Rs 1,000 crore in revenue for FY 2024-25, following a strong performance in FY24.
- In FY24, the Mumbai-based firm reported Rs 848 crore in revenue, with a 31.5% increase from FY23.
- Atomberg raised $86 million in a Series C funding round in 2023, led by Temasek and Steadview Capital.
- Atomberg manufactures energy-efficient consumer appliances including fans, locks, and mixer grinders.
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Inc42
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Over 4 Cr Farmer IDs Issued So Far Under Digital Agriculture Mission: Govt
- More than 4.85 Cr farmer IDs have been generated under the Digital Agriculture Mission.
- The government aims to issue 11 Cr farmer IDs in the country by 2026-27.
- AgriStack Farmer ID linked to Aadhaar and land records streamlines benefits for farmers.
- The Indian government deploys AI and IoT-enabled systems to improve crop productivity.
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Yourstory
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CCI clears Groww’s shareholder restructuring as founders surrender special voting privileges
- The Competition Commission of India (CCI) has approved the shareholder restructuring of Groww, which involves the collapse of differential voting rights held by the founders.
- Certain shareholders will acquire additional voting rights, and bonus compulsorily convertible preference shares will be issued to all existing equity shareholders of Groww.
- The pre-IPO financing discussions of Groww include raising approximately $200 million, targeting a valuation of around $6.5 billion.
- Groww reported a consolidated revenue of Rs 3,145 crore for the fiscal year ending March 31, 2024, with significant growth in operational profitability.
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Yourstory
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Zomato grants ESOP worth Rs 4.42 Cr
- Zomato has granted stock options under employee stock ownership plan (ESOP) 2014 and ESOP 2021.
- The company is granting 158 options under the Foodie Bay Employee Stock Option Plan 2014 and 2.17 lakh options under the Zomato Employee Stock Option Plan 2021.
- The ESOP grant is valued at approximately Rs 4.42 crore based on the company's opening price of Rs 203.
- Zomato recently let go of 600 customer support associates as operational efficiencies from its AI-powered customer support platform increased.
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Fintechreview
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How Revolut Scaled from a Startup to a Global Fintech Giant
- Revolut, founded in 2015, has rapidly grown into a major global fintech player offering various financial services.
- Its success lies in strategic execution, product innovation, and a wide range of services such as foreign exchange and stock trading.
- Revolut's initial strategy focused on simplifying international payments through prepaid cards and competitive rates.
- By diversifying its products, Revolut engaged customers and expanded into budgeting tools, cryptocurrency trading, and stock trading.
- The company's global expansion strategy included entering European markets and adapting products to local preferences worldwide.
- Technological innovation, including AI and machine learning, played a key role in Revolut's rapid scalability and customer service.
- Regulatory challenges, such as compliance issues and licensing, posed obstacles that Revolut addressed through robust infrastructure.
- Revolut disrupted traditional banking models by offering digital-first, transparent, and cost-effective services.
- Strategic partnerships with Mastercard, Visa, and financial institutions supported Revolut's growth and market entry.
- Key decisions in customer focus, global expansion, technology investment, and regulatory compliance contributed to Revolut's success.
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Yourstory
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Over 13 lakh electric 2-wheeler, 3W sold in FY25: Government
- Over 13 lakh electric two-wheelers and three-wheelers were sold in India in 2024-25.
- The sales of electric two-wheelers increased by 21% compared to the previous year.
- The sales of electric three-wheelers increased by 57% compared to the previous year.
- India's e-mobility sector is gaining momentum, driven by government initiatives and environmental concerns.
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Startupcan
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Startup Canada and Pizza Hut Canada Join Forces in Three-Year Partnership to Support Entrepreneurs with $300,000 in Cash Grants through Pizza Hut’s Equal Slice Program
- Startup Canada has announced a three-year partnership with Pizza Hut Canada to support entrepreneurs.
- The partnership will distribute $300,000 in cash grants and educational resources to early-stage entrepreneurs.
- Pizza Hut will become the Co-Presenting Partner of The Startup Canada Tour, offering educational resources and networking opportunities.
- Startup Canada and Pizza Hut Equal Slice will provide pitch competitions, custom workshops, and enhancements to the Business Owner's Toolbox.
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