The fund, which is expecting a nod from the regulator, will look to invest in companies across sectors such as consumer tech, edtech, healthtech, fintech, B2B SaaS (Software as a service), social and content commerce
To cut losses to 150 crore in FY22: Ronnie Screwvala
Sachan said he first diluted the majority of his equity in Trell by transferring it to the management stock options plan (Msop) in December 2020. He later sold his remaining stake, about 1.5%, to LOGX Venture Partners and LetsVenture syndicate in October 2021.
On Sunday, the department said in a press statement that it has found evidence of attempted tax-evasion at “a startup based in Pune and Thane”. While it didn’t name the company, there’s little doubt which one it was referring to.
The cloud-based business intelligence and analytics platform is the latest among Zoho’s product lines to be built by rural talent in India
In order to drive the next phase of growth, Conneqt Business Solutions is putting together a core technology which has 200 members, and is expected to grow to 2,000 employees over the next 12-18 months.
When confronted with the evidence, directors of the group, “admitted under oath this modus operandi, disclosed additional income of more than Rs 224 crore in various assessment years, and offered to pay their due tax liability," the department said.