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Indian startups have raised $3.76 bn in 2021 Q1

The fintech segment in India has closed 47 deals so far amounting to a total of 608.1 million $. Followed by Ed-tech with 28 deals amounting to $560.5 mn. Gaming has been one of the favorites of investors this season with $544 mn of funding in the sector. Top 3Indian VCs (Venture Capital Funds) who have led major rounding of these fundings have been Inflection Point Ventures, Titan capital, Venture Catalysts with 10, 9, 7 deals respectively.

2021 is the Year of Mergers and Acquisitions (M&A) in Indian Startup Ecosystem

The post-pandemic world saw a sudden rise of ed-tech companies, a record amount of fund inflow, the creation of new unicorns, companies going public, and a new benchmark in terms of mergers & acquisitions (M&A). 2021 saw a substantial increase in M&A from 86 such deals in 2020, we already stand at 119 this year.

Elon Musk Is Making Flying Cars

His upcoming model of Tesla, the Roadster will have the ability to fly but very briefly due to the use of Space X tech technology that Musk is bringing to Tesla. The Tesla Roadster will have a mind-boggling acceleration of 95.6 KM/s in 1.1 sec.

Zerodha’s Founding Family Will Draw an Annual Salary of 100 cr Each in 2021

The company’s board has passed a special resolution, according to which the trio (Nithin, Nikhil, Seema) will draw a basic salary of 4.17 crore per month, coupled with allowances the annual figure for is expected to cross 300 cr EACH!

The story of Go Mechanic : India’s go to online car service centre

To cope up with this, Amit Bhasin, Kushal Karwa, Nitin Rana, and Rishabh Karwa came up with the idea of GoMechanic, an easy car service choice for the users. ObserveNow decodes their story.