Seafund sets Sight On Second VC Vehicle’s Final Close, Firms Up Sectoral Play
Seafund sets Sight On Second VC Vehicle’s Final Close, Firms Up Sectoral Play Mayuresh Raut, Co-founder, Seafund The Finance Act 2023 proposed to extend Angel Tax even to non-resident investors from April 1, 2024. In Short Union Budget 2024 presentation on July 23 Venture capitalists demand removal of angel tax Government support needed for startup […]
FM Sitharaman announces Rs 1,000 Cr VC fund to boost space economy
Boosting Space Venture Capital in India: New ₹1,000 Crore Venture Capital Company Fund In the 2024 Union Budget, Finance Minister Nirmala Sitharaman announced a ₹1,000 crore venture capital fund to boost the space economy. This initiative aims to grow India’s space sector by supporting startups and innovations through targeted investments. As a key venture capital […]
Budget 2024 boosts space tech, logistics and R&D to accelerate India’s Deep Tech economy: VCs
Union Budget 2024 Live: Investors, Startups Look to Budget for Angel Tax Removal & favorable GST policies
How Union Budget 2024 Empowers Startups and Venture Capital Companies The Union Budget 2024 has been well-received by startups and investors, especially with the removal of the angel tax, easing investments for early-stage ventures. It introduces a ₹1,000 crore venture capital fund for space startups, highlighting support for innovation. The tax holiday under Startup India […]
Angel tax abolished, boost for investors, startups
Angel Tax Abolished: Boosting Opportunities to Invest in Startups India Finance Minister Nirmala Sitharaman announced the abolition of the angel tax for all investors, easing compliance and tax disputes. This move encourages innovation and growth in the startup ecosystem. Industry experts welcome this change as it creates a better environment to invest in startups India […]
Reactions on Budget 2024 pour in over major annoucements
Insurtech start-up Finsall raises ₹15 crore in bridge round led by Unicorn India Ventures and Seafund
Insurtech start-up Finsall raises ₹15 crore in bridge round led by Unicorn India Ventures and Seafund Finsall also aims to utilise the current capital infusion to develop more strategic partnerships with insurers, intermediaries and lenders to broaden service offerings and enhance distribution channels L-R Prabal Khanna, Co-founder, COO & Tim Mathews, Co-founder, CEO Insurance-first “buy […]
Funding builders of future technology
Funding builders of future technology Why Seafund focuses on early-stage technology startups Founding team: (L-R) Manoj Agarwal, Mayuresh Raut, Narendra Bhandari | Photo Credit : Seafund is a category-2 alternative investment fund (AIF) registered with the Securities and Exchange Board of India (SEBI). Focused on early-stage technology startups, the fund house operates out of Bengaluru […]
Union Budget 2024: India’s top VCs weigh in on what stimulus does India’s tech sector needs
How Budget 2024 Can Accelerate the Growth of Deeptech Startups in India India’s top VCs weigh in on Union Budget 2024, urging focused stimulus for the tech sector. Key asks include support for deep tech, AI, and manufacturing, plus policy clarity to boost startup growth and innovation. They also highlight the need for R&D incentives […]
Business family scions have a good run in startup world
Business family scions have a good run in startup world The startup has so far raised ₹2.5 million and in the last one year, it claims to have grown 5X. “While there isn’t a 100% guarantee that the companies these founders build will be successful, the chances are definitely higher than a first-time founder with […]