INCUBE

🚀 Whatfix Secures $100M to Fuel Global Expansion and Innovation! Whatfix, a leading digital adoption platform, just bagged $100M in a mix of primary and secondary funding, led by Warburg Pincus and SoftBank. 🌍 With this capital, Whatfix is all set to accelerate its growth across key global markets, enhance product innovation, and continue helping enterprises improve software adoption and productivity. Here are the key highlights: 💼 $100M raised in the first funding round in three years 📈 Valuation now stands at around $820-830 million 🌍 Major growth in North America and Europe, with 61% of revenue from the US 🛠️ Plans to expand product offerings and enhance R&D As businesses globally continue their digital transformation journeys, Whatfix is positioned to play a critical role in enabling seamless software adoption and driving productivity. Exciting times ahead for the digital adoption landscape! 👏 #SaaS #DigitalTransformation #FundingNews #Innovation #TechGrowth --- Let’s celebrate this milestone and explore what’s next for Whatfix! #Whatfix #Funding #SoftBank #WarburgPincus #EnterpriseTech

🚀 Breaking Report: Indian Startups Funding Insights (09 Sep - 14 Sep 2024) 🚀 The latest funding highlights are out, and the Indian startup ecosystem continues to thrive! Here’s a snapshot of the major developments: 💸 Total Funding: A massive $228.79 Mn was raised across 24 deals this week! 📊 Growth vs. Early Stage Funding: Growth/Late Stage (6 deals): $182.65 Mn Early Stage (13 deals): $46.14 Mn 🏆 Key Highlights: 1 new Unicorn was born this week! 3 Fund Launches show investors’ bullish outlook. 5 M&A deals highlight consolidation trends in the market. 5 Undisclosed Deals—what surprises await? 1/3 Key Hirings/Departures in this rapidly evolving ecosystem. 💡 Series-Wise Breakdown: Pre-seed: 3 deals Series A: 4 deals Series B: 9 deals The missing piece? What could it be—Series C or beyond? The momentum is strong as startups navigate both early and late-stage growth with confidence. 🌟 What do you think about the future of India’s startup ecosystem? #Startups #India #Funding #VentureCapital #Innovation

📉 WROGN’s Revenue Takes a Hit in FY24📉 Virat Kohli-backed fashion brand WROGN has reported a 29% dip in revenue for FY24. As the fashion industry faces dynamic challenges, this drop highlights the impact of shifting consumer trends and market conditions. Key takeaways: 🔻 Revenue decline reflects the changing fashion landscape 🔻 How will WROGN strategize for a comeback? 🔻 The role of celebrity endorsements in brand performance Despite this setback, brands like WROGN often find creative ways to bounce back. What are your thoughts on how WROGN can pivot in this competitive space? #FashionIndustry #WROGN #ViratKohli #BrandStrategy #RevenueDip #FashionTrends #BusinessNews #Retail

🌟 Exciting News Alert! 🌟 We’re thrilled to share that Onsurity, a leading employee health benefits platform, has successfully raised over $26 million in its latest funding round, led by Creaegis! 🎉 This new funding is a significant step toward transforming employee healthcare by making comprehensive and affordable benefits accessible to businesses of all sizes. With this fresh capital infusion, Onsurity is set to further revolutionize the future of employee well-being. Here's why this matters: ✅ A boost to the employee benefits ecosystem ✅ Empowering small & mid-sized businesses with accessible healthcare ✅ Fostering healthier, happier, and more productive workplaces Huge congratulations to the Onsurity team! 🚀 #Funding #EmployeeBenefits #HealthcareInnovation #Onsurity #Creaegis #Startups #Investment #HRTech #FutureOfWork #Growth Feel free to drop a comment on how you see the future of employee benefits evolving! 💬

🚨 TRAI & DoT’s Big Crackdown on Pesky Callers: Over 1 Crore Connections Blocked!🚨 In a monumental move, the Telecom Regulatory Authority of India (TRAI) and the Department of Telecommunications (DoT) have disconnected over 1 crore mobile connections to tackle the menace of spam calls, fraudsters, and unregistered telemarketers. 📵 💥 Key Facts to Note: - 2.75 Lakh phone numbers and 50 entities were blocked in recent months as part of this campaign. - Over 7.9 lakh complaints about pesky calls were reported in just the first half of 2024. - TRAI is now mandating telecom providers to take severe action, including blacklisting offenders for up to 2 years and disconnecting their telecom resources. 🔒 This initiative not only aims to protect millions of consumers from scams but also strengthens India’s telecom ecosystem for a safer digital experience. 👏 #DigitalIndia #TRAI #Telecom #SpamCalls #FraudPrevention #DataSecurity #Innovation

🚀 Big News in Sales Tech!🚀 Futwork has just closed its Series A funding round, raising ₹20.9 crore ($2.5M), led by the Michael & Susan Dell Foundation, with contributions from Artha Ventures, Simile Capital, and other key players. This marks a huge milestone for the startup, which helps businesses build cost-effective outbound sales teams. Key Highlights: - Major Investor: Michael & Susan Dell Foundation led the round with ₹14.17 crore. - Growth Plans: Futwork will use this fresh funding to supercharge growth, improve working capital, and solidify its financial foundation. - Valuation: Now valued at ₹71 crore ($8.5M) post-funding. - Impact: Futwork enables companies to scale tele-calling for product demos, customer feedback, and more without fixed costs. Founded in 2020, Futwork is transforming sales outreach, making it flexible and scalable with zero fixed costs for businesses. #StartupFunding #SalesTech #Innovation #Entrepreneurship #GrowthHacking #FutureOfWork Stay tuned for more updates! 🔥

🚀 Exciting News in the Spiritual Tech Space!🚀 🌟 AppsForBharat, the parent company behind the popular devotional platform Sri Mandir, has just raised $18M in #Series B funding led by Nandan Nilekani’s Fundamentum Partnership, with participation from Susquehanna Asia #VC, Elevation Capital, Peak XV Partners, and Mirae Asset VC. This brings their total funding to an impressive $32M! 🛕 Sri Mandir is transforming the way devotees connect with temples, with over 30M downloads and 2.7M pujas completed across India. With this new capital, the team plans to: - Expand globally to markets like the US, UK, and Canada. - Onboard more temples and enhance the app with 5 new languages. - Venture into spiritual tourism, offering darshan tickets, Prasad delivery, and more. 💡 As the spiritual tech sector grows, it's inspiring to see how technology is merging with tradition to provide seamless devotional experiences to users around the world. 📲 The future of spirituality is digital, and Sri Mandir is leading the way! #AppsForBharat #SriMandir #SpiritualTech #Fundraising #SeriesB #Startups #Innovation #TechForGood

🌍 More Indians are filing tax returns, but only 1-2% of the population actually pays income tax. What's behind these numbers?💡 As India’s economy grows, so does the number of tax filers—but the percentage of actual taxpayers remains staggeringly low. Here’s a breakdown of the key insights: 🧮 Out of 136 crore (1.36 billion) Indians, over 8 crore (80 million) filed tax returns in FY 2019-20. However, only a small portion—about 1-2% of the population—pays income tax. A few reasons explain this discrepancy: 1. Income Thresholds: The Indian government provides a tax exemption for individuals earning less than ₹5 lakh ($6,000) annually. This threshold excludes a large segment of the workforce from paying taxes. 2. Employment Structure: About 40% of India’s population is part of the labor force, and many within this group are either unemployed or earn below the taxable threshold【7†source】【9†source】. Additionally, those engaged in agriculture—still a dominant sector in India—are exempt from income tax. 3. Indirect Taxes Dominate: Many Indians pay taxes indirectly through GST on everyday purchases such as fuel, goods, and services【9†source】. This tax structure means a broader portion of the population contributes, but not through direct income taxation. 🚧 Challenges & Government Initiatives: - The government is actively working to broaden the tax base by introducing measures such as Project Insight to identify potential tax evaders and expanding Tax Deducted at Source (TDS) to cover more transactions【7†source】. - Despite these efforts, tax evasion remains a significant issue, with some individuals underreporting income or avoiding taxes altogether【8†source】. 🛠 The Way Forward: - Widening the tax base by lowering income exemptions and bringing more people into the tax net can ensure better revenue generation. - Public awareness is key. Educating people on how taxes contribute to nation-building—through infrastructure, education, and healthcare—might spur voluntary compliance【9†source】. 🔍 What do you think can be done to encourage more Indians to participate in the tax system? Share your thoughts! 💬👇 --- #IndiaEconomy #Taxation #IncomeTax #GovernmentPolicy #TaxReforms #EconomicGrowth

🔒 Telegram Under Fire: A Secure Platform or #Criminal Hub? As Telegram nears 1 #billion users, its privacy-focused features are becoming a double-edged sword. Investigations reveal that the platform has been increasingly exploited by criminals, extremist groups, and cybercriminals, who use its encrypted services to operate without detection. From illegal weapons and drugs to hate speech and extremism, Telegram’s minimal moderation is raising global #security concerns. The app's "Secret Chat" and anonymous registration, praised for protecting user privacy, have made it a go-to for those evading law enforcement. This has triggered calls for stricter regulation, especially as the platform remains largely uncooperative with authorities. Is it time for tech to strike a balance between privacy and security? 🔗 #CyberSecurity #TechEthics #Telegram #PrivacyVsSecurity Sources: [US Cybersecurity Magazine](16), [Digital Market Reports](17), [The Morning News](18)

🚀 MoneyX is Back - Bigger and Better!🚀 Calling all VCs, angel investors, LPs, GPs, family offices, and investment leaders! 🏦 300+ top-tier investors at MoneyX 2.0 as they dive into the future of startup investments in India. This exclusive, invite-only event is your chance to network with industry leaders and explore emerging trends that are reshaping India’s startup ecosystem. 📅 When: September 26, 2024 📍 Where: The Oberoi, Gurugram Key Highlights: 🌟 Mobilizing domestic capital for Indian startups 🌟 Navigating high-growth sectors like AI and emerging tech 🌟 Insights on venture capital trends and the future of exits Don’t miss out on this opportunity to shape the next wave of innovation! Let's unlock India's investment potential together. 💡 #MoneyX #Investments #Startups #VentureCapital #AngelInvestors #Innovation 👉 Stay tuned for more updates! --- For more details, visit: [MoneyX](https://moneyx.vc)