Start-Ups

Experts and representatives also gave suggestions related to enhancement of public services through data analytics

Meesho has raised more than $65 million in funding and counts Shunwei Capital and DST Partners among its backers

Ather, which raised the fresh round of funding from existing backers Hero MotoCorp, Flipkart founder Sachin Bansal

Mirae Asset-Naver Asia Growth Fund and Alibaba were joined by the UK government's development finance institution, CDC Group, in the funding round, Bigbasket said.

Airbnb did not disclose the details of its investment in OYO, which is backed by Japan's SoftBank Group Corp.

Carlyle and Fosun, both existing investors in the e-commerce business, also participated in the latest funding round.

The move follows the $275 million that the pair invested in Singapore-based ride-hailing firm Grab last year.

Info Edge, an online services firm, will own a 26.38 per cent stake in Zomato after the deal closes.

Sachin Bansal left Flipkart last year after US retail giant Walmart picked up a 77 per cent stake in the Indian e-retailer for $16 billion.

The exemption will apply to all start-ups with total investment not exceeding Rs 25 crore, Union Minister Suresh Prabhu said.

Swiggy has tied up with stores to deliver fruits and vegetables, baby care items and health products, it said in a statement.

The DPIIT will work with the CBDT to grant exemption from the angel tax to all DPIIT-registered Level-I start-ups, in what has been the long-standing demand of the start-up and angel network to the government.

Binny Bansal, who departed after Flipkart's new owner Walmart Inc. investigated alleged personal misconduct, is now focused on xto10x Technologies, a startup he co-founded with former colleague Saikiran Krishnamurthy.

Angel tax is levied on the difference between the amount received by a closely held company in lieu of its shares and the fair market value of the shares.

Byju's Buys Osmo: Osmo, a developer of learning games, will continue as a standalone brand once the deal is completed.