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VC funding up, Google's app fees down


VC funding up, Google s app fees down
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Last Updated: Mar 17, 2021, 07:55 AM IST
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Synopsis
In today s ETtech Morning Dispatch: India’s draft e-commerce policy; explained in two minutes; A clubhouse chat with Deepinder Goyal whose Zomato is lining up an IPO; and Google Play halves commission on first $1 million.
ETtech
Good morning,
Last year, India s GDP contracted by a massive 23.9% between April and June. Venture capital (VC) funding, however, seemed more or less immune to the virus, according to a report by Bain & Co.
Also in today’s letter:
A clubhouse chat with Zomato’s Deepinder Goyal
Google halves Play store commission ....

Deepinder Goyal , Zomato Deepinder Goyal , Aaron Levie , Vijay Shekhar Sharma , Ministry Of Electronics , India Growth Fund , Bain Co , Standing Group Of Secretaries , Department For Promotion Of Industry , Tata Consultancy Services Ltd , Google Play Store Billing , India Venture Fund , Competition Commission Of India , Sequoia Capital , Central Consumer Protection Authority , Elevation Capital , Falcon Edge , Lightspeed Venture Partners , India Post , Standing Group , Internal Trade , Last Friday , Singapore Based Jungle Ventures , Koji Capital , Eight Roads , F Prime Capital ,

Adios, crypto


Adios, crypto
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/ Daily Top 5
Good evening,
Yesterday, India’s crypto community rejoiced after the finance minister said the government was “not shutting all options” on cryptocurrencies. But their joy was short-lived, as Reuters reported earlier today that India is set to pass one of the world’s toughest
cryptocurrency laws.

India’s first gaming IPOIndia to ban trading, mining and owning cryptocurrencies
India will propose a law banning cryptocurrencies and will fine anyone trading, mining or even just holding these digital assets, a senior government official told Reuters. It is a huge potential blow to millions of investors piling into the red-hot asset class. ....

United Kingdom , South Korea , Nirmala Sitharaman , Cryptocurrency Shutterstock , Baillie Gifford , Shaktikanta Das , Vijay Shekhar Sharma , Paytm Payments Bank , Treasury Network , Fidelity Management Research Company , National Payments Corporation Of India , Limelight Network State Of Online Gaming , Exchange Board Of India , Sequoia Capital , Ireland National Treasury Management Agency , Finance Minister Nirmala Sitharaman , India Today , Reserve Bank , Silicon Valley , Fidelity Management , Research Company , National Treasury Management Agency , Global Payments , Payments Bank , Exchange Board , Unified Payments Interface ,

When courts give tax breaks


When courts give tax breaks
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/ Morning Dispatch
startups have asked to be exempted from the so-called ‘
angel tax’. Now, a ruling by the Delhi High Court could protect all startups from this 30% tax, provided they stick to tried-and-tested ways of calculating their valuations.
Elsewhere in today’s letter:
Incoming: Social media tax
Delhi High Court gives startups a (tax) break
It’s no secret that, for a variety of reasons, many startups are overvalued. But the Delhi High Court has refused to tar them all with the same brush. ....

Andhra Pradesh , Pravin Rao , Narendra Shyamsukha , Janhavi Nilekani , Infosys Esops , Dinesh Kanabar , Sheila Murthy , Nilanjan Roy , Nirmala Sitharaman , Salil Parekh , Tanush Nilekani Chandra , Krishnamurthy Shankar , Pranab Mukherjee , Keyur Joshi , Nandan Nilekani , Department For Promotion Of Industry , Delhi High Court , Income Tax Department , Angel Network , Information Technology Intermediary Guidelines , High Court , Cinestaan Entertainment , Finance Minister Nirmala Sitharaman , Information Technology , Intermediary Guidelines , Digital Media Ethics Code ,

Take it easy, policy


Take it easy, policy
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/ Daily Top 5
Good evening,
New privacy policy . Those three words from WhatsApp (ok, and an Elon Musk tweet) were enough to drive millions of users to its rival Signal in January. So when we say our main story today is about a new privacy policy from
Google Pay, just for India, you might brace for bad news. But relax, because this is one privacy policy update we can all get behind.
Also in today s letter:

Roblox Corp’s valuation zooms

Data in your hands
Google Pay users will be able to delete transaction data on the app once Google rolls out a new privacy policy for its payments app next week. ....

District Of Columbia , United States , David Baszucki , Giri Malpani , Paul Graham , Gautam Madhavan , Vijay Shekhar Sharma , Indian Saa , Elon Musk , Indian Youtubers , James Boasberg , Samir Bodas , Sprout Investment Fund , Roblox Corp , Youtube Partner Program , Bain Company India Saa , Us Federal Trade Commission , B Capital Group , Google Pay , Payments Interface , Double Tax Avoidance Agreement , Mad Influence , Prince Khanna , Meritech Capital Partners , India Saas Report , Indian Saas ,