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Clear expects up to USD 100 mn revenue from ME expansion in 5 yrs - Jammu Kashmir Latest News | Tourism

New Delhi, Dec 19: IT company Clear, which focuses on online tax filing, expects to generate USD 100 million from the Middle East business expansion led by Saudi Arabia and the UAE that are gradually moving towards taxation regime, a top official of the company said. Clear chief business officer Rohit Razdan told PTI that the company is planning to invest in the range of USD 15-30 million in the next two years to build capacity in the Middle East, […] ....

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May report card: ~$800m in startup funding, 2 new unicorns

May also saw two Indian startups enter the unicorn club. Fintech startup Zeta crossed the $1 billion valuation after raising $250 million in a Series C funding round from Softbank Vision Fund 2, with participation from Sodexo. ....

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Indian insurance companies can now invest in FoF

Indian insurance companies can now invest in FoF
After the unicorn parade we saw this week, there s more reason to cheer for Indian startups, thanks to the IRDA s move to allow Indian insurance companies to invest in Funds of Funds.
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After the unicorn parade we saw this week, there s more reason to cheer for Indian startups, thanks to the IRDA s move to allow Indian insurance companies to invest in Funds of Funds.
The latest IRDA move will mean greater inflow of domestic capital into the startup ecosystem and comes close on the heels of the recent decision of the government to allow private retirement funds to park certain percentage of their capital in Alternate Investment Funds (AIFs). ....

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