Indian Startups Raise Record Funding, Sri Lankan Startup Acquired for $600M

Simply Startups

Indian startups raise a staggering $1.03 billion in July following the abolition of Angel Tax. Sri Lankan startup WSO2 is acquired for $600 million. Plus, Duality Quantum Accelerator welcomes 5 startups into its fourth cohort. Also, a startup repurposes retired commercial jets to create revolutionary EV components.
Sources:
https://indicanews.com/indian-startups-raise-1-03-billion-in-july-following-angel-tax-abolition/
https://techcrunch.com/2024/08/03/meet-the-founder-who-built-and-sold-a-600m-enterprise-software-startup-from-sri-lanka/
https://thequantuminsider.com/2024/08/03/duality-quantum-accelerator-welcomes-5-startups-into-fourth-cohort/
https://www.yahoo.com/tech/startup-creates-revolutionary-ev-components-133000102.html
Outline:
(00:00:00) Introduction
(00:00:43) Indian startups raise $1.03 billion in July following Angel Tax abolition
(00:03:40) Duality Quantum Accelerator Welcomes 5 Startups into Fourth Cohort
(00:06:18) Startup creates revolutionary EV components using retired commercial jets — here's why it matters