Angel tax: Exemption limit raised for startups
Eligible startups only have to file a duly signed self-declaration by with DPIIT for availing tax exemption. An entity shall be considered as startup if its turnover for any of the financial year has not exceeded ₹100 crore
Lead Angels inks MoU with IIT-Delhi Alumni Association
Lead Angels on Tuesday announced the inking of an MoU with the IIT-Delhi Alumni Association (IITDAA) in a bid to catalyse structured, early stage investing among the latter’s members.
Budget mum on angel tax issue, hope consultative process addresses it: Nasscom
Sushanto Mitra, founder and CEO at Lead Angels said while India ranks as the second largest startup hub in the world, tax relief for startup investments has not been addressed in this budget
Shopping for talent
Apart from getting a global backing, the start-up that is bought out gets financial benefits as acqui-hiring serves as a good alternative for liquidation. “Investors benefit from such exits. There are teams who develop new products/technologies and an acqui-hire enables them to cash out over a period of time and move on to their next […]
Pune based Cognitive Automation startup Zestl raises funding from Lead Angels
Cognitive automation startup Zestl Software has raised an undisclosed sum in a pre-series A funding round from investors including Lead Angels, Eagle10 Ventures and Contrarian Vriddhi Fund.
Lead Angels portfolio company ShopKirana Raises $2 Mn From Info Edge, Japanese VC Firms
ShopKirana said the funds would be used to expand the business, with the aim of launching in ten cities next year, targeting one lakh retailers and connecting farmers with retailers
Of aam aadmi angels
The words ‘angel investor’ conjure up the image of a rich American in a three-piece suit, casually doling out a couple of hundreds of thousands of dollars to be invested in a startup. Closer home, you would probably imagine a Ratan Tata, or Infosys founders, or a steel magnate doing the same. If that’s all […]
DriveU Closes a Mezzanine Round of Rs 7 Cr Led by Stevens Creek Ventures
India’s largest on-demand driver service for consumers and businesses to utilize funds to expand to all Tier-1 cities