08/07/2019 Newsletter

Industry News
India has emerged as the third biggest startup hub in the world, according to a recent NASSCOM-Zinnov report. As a result, the growing Indian startup community has high expectations from Budget 2019.
Read more on ET Tech

The Union budget has paved way for new-age insure tech startups to raise funding from global investors by relaxing the Foreign Direct Investment guidelines in the sector. The Finance Minister said 100% foreign direct investment will be allowed for insurance intermediaries and the move will benefit insurance aggregators and insurance broking startups.

Read more on ET TechThere could be more measures in the offing for startups following the budget announcements. The government is working on another set of measures that could be rolled out soon to make it easier for them to do business in the country.

Read more on ET TechFunding NewsRitesh Agarwal, founder of Oyo Hotels & Home, is in the midst of buying back shares from early investors Sequoia Capital and Lightspeed Venture Partners to bulk up his ownership, said three people familiar with the matter.
Read more on ET Tech

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This newsletter is a daily Funding/Investor/Startup News spotter that highlights the most recent stories and news from Delhi, India. We’re always on the lookout for more interesting news and insights, so feel free to share any you might have.