Hello, In the end, it’s all about money. While India saw a significant surge in deeptech startups in 2023 with 480 new ventures emerging—making India the third-largest deeptech ecosystem, the funding winter poses a significant challenge to their growth, NASSCOM noted. “Compared to startups across some other leading deeptech ecosystems, Indian deeptech startups receive a fraction of the median investment at every stage,” the industry body noted in a report. Meanwhile, the GST Council, chaired by Finance Minister Nirmala Sitharaman, took several decisions at the meeting—from roll out of biometric authentication to check fake invoicing, exempting services provided by railways, to recommending a uniform tax rate on carton boxes. Elsewhere, Ola Electric’s IPO bid for a potential valuation of $7 billion may not be going down well with its investors. A Bloomberg report noted that investors estimated its valuation at $5 billion, and may not sell existing shares ICYMI: How a tea stall outside a college became a Rs 4 crore business. Oh, and did you know elephants were incredible swimmers? These stunning images show the strength of a majestic herd as it swims across the flowing Brahmaputra river. In today’s newsletter, we will talk about - R Ashwin opens up about his life
- Kota Factory stars reflect on untold stories
- How to unplug from work on vacations
Here’s your trivia for today: Which two countries have the longest shared international border?
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