Insight

Zomato, a prominent player in the food delivery and rapid commerce industry, has issued a tax demand by the Karnataka commercial taxation authority. The claim, which includes interest and penalty, amounts to Rs 9.5 crore.

Pepul Tech Pvt Ltd, a business in the social media industry, has successfully raised $4 million in funding during its pre-series A round.

Uday Samant, the industries minister of Maharashtra, has expressed the state's intention to significantly increase its number of startups from the existing 8,300 to an impressive 50,000 in the near future.

The World Bank has granted a $1.5-billion loan to support India's efforts in expediting its low-carbon energy development.

Signpost India is delighted to inform that Mr. Rameshwar Agarwal has been appointed as the Chief Financial Officer, starting from the 28th of June, 2024.

Rare Rabbit has received the initial installment of its INR 500 Crore investment. The company secured funding of INR 150 Crore from A91 Partners, Gruhas (Nikhil Kamath's investment firm), Ravi Modi's family trust, and other investors.

Truecaller, the dominant worldwide communications platform, has partnered with HDFC ERGO, the foremost general insurance company in India.

Early Stage Startups You Should Look Out in India are The Confession Boxx, Brainywood, Writrox, Consent Elevators, CapitalSetu, Centricity etc.

WeWork India, the dominant provider of adaptable workspaces in the nation, has officially named Janak Malkani as the Head of Managed Office for India.

Nodwin Gaming, a subsidiary of Nazara Technologies, a publicly traded company in the media and gaming industry, is planning to purchase Freaks 4U Gaming, a marketing agency specializing in esports and gaming based in Germany.