A growth-oriented Budget but devil in the details

[Click Here]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgQMAUoFSFYGVwANSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNRwwaGwhaDQIXW1QcTglBE0BFDBccTwEOCUxNWhBCEU0OF0AcRxZUFVxTRRYSCkQ=&ext=bmM9dm0mbT0zMDU2JnU9W1VOSVFJRF0=) to see the web version VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgQMAUoFSFUFXwkOSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxc&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno= Daily Capsule | 3rd February 2021 Good Morning! Finance Minister Nirmala Sitharaman’s [Budget 2021]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgQMAUoFSFYFXwYNSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tDEUcXV0JWUANAT0peFhcWFQ0THU1XWggf&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno=) — regarded as one of the most critical in modern Indian history — was welcomed by India Inc and Indian startup ecosystem stakeholders, who hailed it as a growth-oriented Budget. Experts lauded the Budget’s focus on rejuvenating capital spending in crucial sectors to fuel demand and accelerate India’s “economic reset,” in the wake of the devastating impact of the COVID-19 pandemic on consumer demand and growth. Still, the devil will be in the details and execution will be key, said India Inc business leaders and Indian ecosystem stakeholders. Here are some key reactions from India Inc and the startup ecosystem: [Post Budget Conversation with Kunal Shah of CRED]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgQMAUoFSFYGVwAMSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTFdVU1NOVFEbVxBUBVwVSAsDBVUcAEdTVhUEDUENXAMXHQhNClVUGEtZAwkZSkNXV1gBGRRVVVxWUFsDGQBdVU4HBAIJTBAMGVcQQwtXBBZKHlURVQRQQg==&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno=) [Kunal Shah, Founder, CRED]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgQMAUoFSFYGVwAMSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTFdVU1NOVFEbVxBUBVwVSAsDBVUcAEdTVhUEDUENXAMXHQhNClVUGEtZAwkZSkNXV1gBGRRVVVxWUFsDGQBdVU4HBAIJTBAMGVcQQwtXBBZKHlURVQRQQg==&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno=) [Post budget conversation with Gopal Srinivasan, Chairman of TVS Capital Funds Limited]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgQMAUoFSFYGVwAPSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTFdVU1NOVFEbVxBUBVwVSAsDBVUcFFBaUVcPBxkAUAcLVwZLSUBZTRVDBwZdVFIbQUIXGQVRSVxDU1tLRxNaXwoTBBIDDw==&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno=) [Gopal Srinivasan, Chairman and MD, TVS Capital]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgQMAUoFSFYGVwAPSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTFdVU1NOVFEbVxBUBVwVSAsDBVUcFFBaUVcPBxkAUAcLVwZLSUBZTRVDBwZdVFIbQUIXGQVRSVxDU1tLRxNaXwoTBBIDDw==&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno=) - [Sujeet Kumar, Co-founder, Udaan]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgQMAUoFSFYGVwAOSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTFdVU1NOVFEbWBZdB0pMFlBHQgVFClpYH1EPEkYMTg8LV05aEVBfUEwcUFEGCBpCWhkDXRBVFFQaUFgJRxUeRAcEBA9PEhEJUVARHQlMDARL&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno=) - [Virendra Gupta, Founder, Dailyhunt]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgQMAUoFSFYGVwABSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTFdVU1NOVFEbVxBUBVwVSAsDBVUcB1RfXkEKF1oXFQAKRQ1cAUYVQ1FDBw9QS1YbUkEUQAcdX1pUR0QDR0xcX04NEAwDD0kAVUUMRANV&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno=) - [Umang Bedi, Co-founder, Dailyhunt]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgQMAUoFSFYGVwAASQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTFdVU1NOVFEbVxBUBVwVSAsDBVUcEEBGV0pPAFUPWQgGVQcVAltbQEscCgRVVUNeGF0KUhRRFFRQQF5LUABaXRoNEA8WTBEOVVsCHQBcBQw=&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno=) - [Naganand Doraswamy, Managing Partner and Founder, Ideaspring Capital]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgQMAUoFSFYGVwEJSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tDEUcXTFhHQxNWBB1SDAhKFgMVBws=&ext=dj1pZXlBeUhtTTdhYw==) - [Prashanth Prakash, Founding Partner, Accel Partners India]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgQMAUoFSFYGVwELSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTFdVU1NOVFEbVxBUBVwVSAsDBVUcBFpZVhURFlURTEsAXgBXEUZZUl0cCw9aVkFXQV0LWktRWlZSXhoWRgBAWQILEUwSEwUIVUYN&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno=) - [Kiran Mazumdar-Shaw, Chairperson and MD, Biocon Ltd]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgQMAUoFSFYGVwEPSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTFdVU1NOVFEbVxBUBVwVSAsDBVUcAVxZUVcMT18KSgcLHQ5ZHkFVUVlDTxJcWEAbUFcLWgldUFYaVUUJQxVbHAkKB0wBEwECQFwKXg==&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno=) - [Vamsi Krishan, Co-founder and CEO, Vedantu]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgQMAUoFSFYGVwEOSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTFdVU1NOVFEbVxBUBVwVSAsDBVUcBlFDUVkWC1sNFQ8LWRdRBUBRQ11CTwhaTVJEUEcQXQhXFFdCRhoPWRFfVA4ACxUDFQ0MWhgOVRsUFwBdUlkQRA==&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno=) - [Sashank Rishyasringa, Co-founder and MD, Capital Float]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgQMAUoFSFYGVwEASQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tDEUcXTFhHQxNWBB1SDAhKFgMVBws=&ext=dj1pVldnRDBLTTFQRQ==) Watch all the [YourStoryTV post-Budget roundtables]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgQMAUoFSFYGVwIJSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNRwwaGxNDER5bQFNVUhIaGFxEERYRDhAYSgBbWA==&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno=) with leaders from India Inc and the startup ecosystem [here]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgQMAUoFSFYGVwIJSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNRwwaGxNDER5bQFNVUhIaGFxEERYRDhAYSgBbWA==&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno=). VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgQMAUoFSFYFXwYNSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tDEUcXV0JWUANAT0peFhcWFQ0THU1XWggf&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno= Here are other highlights in today's Daily Capsule: - The Interview: 3one4 Capital’s Siddarth Pai on Budget 2021 - Editor’s Pick: Flipkart’s big bet on small businesses - Startup Spotlight: Eduvanz - YourStory TV’s Daily Dispatch - News and updates and more… The Interview The Interview [Post Budget Conversation with Kunal Shah of CRED]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgQMAUoFSFYGVwIISQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tDEUcXTFhHQxNWBB1SDAhKFgMVBws=&ext=dj1rS0JWWm9kWjhpMA==) All eyes were focused on the Parliament as Finance Minister Nirmala Sitharaman presented the first post-COVID-19 Budget to revive the economy, and the stock markets responded well to the announcement. Siddarth Pai, Founding Partner, 3one4 Capital, attributes the positive feedback to no new taxes being introduced, which he says was the need of the hour. [Watch Now]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgQMAUoFSFYGVwIISQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tDEUcXTFhHQxNWBB1SDAhKFgMVBws=&ext=dj1rS0JWWm9kWjhpMA==) Editor's Pick Editor's Pick VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgQMAUoFSFYGVwILSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTFdVU1NOVFIbXAtDC10ESF9fXhRaAkdCH1oLBRkBXRJIQw5ZCFgVV01CCw9RSkQbUFoQRgNAS1BZV0IURw==&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno= [Inside Flipkart’s big bet on small businesses and entrepreneurs]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgQMAUoFSFYGVwILSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTFdVU1NOVFIbXAtDC10ESF9fXhRaAkdCH1oLBRkBXRJIQw5ZCFgVV01CCw9RSkQbUFoQRgNAS1BZV0IURw==&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno=) Online shopping and ecommerce have changed our buying habits, with the lockdown forcing many small businesses and MSMEs to get online. And Flipkart is working with several young and upcoming brands and retailers in the B2B and the B2C segment, offering them continual counsel and on-ground support, ensuring the coexistence of traditional and modern retail formats. [Read more]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgQMAUoFSFYGVwILSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTFdVU1NOVFIbXAtDC10ESF9fXhRaAkdCH1oLBRkBXRJIQw5ZCFgVV01CCw9RSkQbUFoQRgNAS1BZV0IURw==&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno=) . Startup Spotlight VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgQMAUoFSFYGVwIKSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTFdVU1NOVFEbRhFFBkBMC1ZEGhRQGhhaU0wHEBkOTQsHUQoVBlVLUFwcERVVS0NDRRkBUBNGWFtNH1ITUBRQUBcMCg9PDQsCWkY=&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno= [Fintech startup Eduvanz enables students to pursue education with innovative loan solutions]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgQMAUoFSFYGVwIKSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTFdVU1NOVFEbRhFFBkBMC1ZEGhRQGhhaU0wHEBkOTQsHUQoVBlVLUFwcERVVS0NDRRkBUBNGWFtNH1ITUBRQUBcMCg9PDQsCWkY=&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno=) Many parents and students have to deal with pending school and tuition fees due to the unavailability of accessible financial assistance. To solve for that, Mumbai-based startup Eduvanz enables faster loan decisions, backed by transparent processes and student-centric policies. [Read more]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgQMAUoFSFYGVwIKSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTFdVU1NOVFEbRhFFBkBMC1ZEGhRQGhhaU0wHEBkOTQsHUQoVBlVLUFwcERVVS0NDRRkBUBNGWFtNH1ITUBRQUBcMCg9PDQsCWkY=&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno=). VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgQMAUoFSFYGVwIKSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTFdVU1NOVFEbRhFFBkBMC1ZEGhRQGhhaU0wHEBkOTQsHUQoVBlVLUFwcERVVS0NDRRkBUBNGWFtNH1ITUBRQUBcMCg9PDQsCWkY=&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno= YourStory TV: Daily Dispatch YourStory TV Daily Dispatch [Daily Dispatch]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgQMAUoFSFYGVwINSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTBMMBQcOSwdVXAlJT10IFklSQwdZTldPH0ENF0YQTAkXSU5VC1pcVEEcUA9QFFFTV0YRVRRJ&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno=) Catch the top headlines in the startup and tech world on YourStory TV’s latest show, Daily Dispatch, on weekdays at 5 pm with Priya Sheth. News & Updates The Indian government has allocated [Rs 830 crore for the Fund of Funds for Startups in the Budget 2021]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgQMAUoFSFYGVwMOSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTFdVU1NOVFEbVxBUBVwVSF5cQQFDDVhTXExPEEETXQMWHVsLVBlbRxVXDRMZX0JYURkLUktWTFtTQRoVQABBRRYVFg==&ext=) , higher than the revised estimate of about Rs 430 crore. The government has set up the FFS with a corpus of Rs 10,000 crore. [Early-stage VC BEENEXT has appointed Hero Choudhary as its Managing Partner]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgQMAUoFSFYGVwMBSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTFdVU1NOVFEbVwBVDFwZERRDRQtcDEFTQRUKB0YMFQUNXxZcDFVKTBVcAw9VXl5YUhkUVRREV1BFH1EHXRseQwINCAAMTAoGQxgVURBNDwBL&ext=) . His promotion is part of BEENEXT’s regional plan aimed to help scale its portfolio of startups toward the growth stage of the startup journey. Free-to-play powerhouse of gaming studios [Stillfront Group announced that it has acquired 100 percent of the shares of Moonfrog Labs Private Limited]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgQMAUoFSFYGVwMASQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTFdVU1NOVFEbUgRdC1cGSEpHQgBYDBhFRlEODlIRVwgRHQRKC0FIGFlSExRdS1JFGEABVw4dCgUaQUMHRhVGQU4ICg4MBxYMUw==&ext=) for an initial consideration of about $90 million on a cash and debt-free basis. [NASA named Indian-American Bhavya Lal as the space agency’s acting chief of staff]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgQMAUoFSFYGVwQJSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTA0AExEVCxFNGlcAUAhOVQscXgpVClRYH1kPB0YKWwcLHQFQBUJBVBVdAw0ZV1ZFVA==&ext=) , stating Bhavya brings “extensive experience in engineering and space technology.” She will also assume responsibility as the senior adviser for budget and finance at NASA. 'Aatmanirbharta' — implying 'self-reliance' — has been named by [Oxford Languages as its Hindi word of the year for 2020]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgQMAUoFSFYGVwQISQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTFdVU1NOVFEbVARED1gPDEtRXwVDF1QbXUAEDUYHFQ4MXgdRSUNXR1wcDQcZTV9TGE0BVRQdCwUFAg==&ext=) as it "validated the day-to-day achievements of the countless Indians who dealt with and survived the perils of a pandemic." Startup Funding: Deals of the day Startup Funding Deals of the day Startup Amount Round MediBuddy $40M Series B Mobile Premier League $500K Employee Investment GoToMobility $150K Seed Funding Here's what else is happening* *A roundup of interesting stories from global media organisations; YourStory has not verified this content and does not vouch for its accuracy - The Delhi High Court has [temporarily restrained Future Group from selling its retail assets]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgQMAUoFSFYGVwQLSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tDEUcXV1tdWAtWBEFWTQYKDE0PARRHGgRCFlACCVxAGFYBUQQbAgpPUgZMSgMJWQJWB1EVRhUCT1UZW15aWV0LWktUXFRbH0APQAkeVxYREBMHTBAGWUUKQgNLCAlAHl8FXRdQUg==&ext=c3JuZD1wcmVtaXVtLWFzaWE=) to Reliance Industries Ltd., an interim win for Amazon.com Inc. which is opposing the deal with an eye to dominate a large and vital consumer market. - Starting today, [anyone with an interest in quantum computing can start experimenting with Microsoft’s Azure Quantum]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgQMAUoFSFYGVwQKSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tAA1NRVkVHWQVcT1BeDkpXUVBQS1MGGlUBTVQIBktcRAtXF0YbU0IXEFFOSRMEXhdNCRlIWVlFBA5GVBpfRhkKWxEdUFsaQkIEWAhQHBMXABcLBBNM&ext=) — a cloud-based platform for using quantum hardware and software tools. - [Alibaba reported profitability for its cloud computing business]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgQMAUoFSFYGVwQNSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tDEUcXVllQVEhXDl4eUVVXUE1RVkwEB0pRDlADBFtSGgZQAVQbV1kQDF0NXxVIQVAVVgQKBBZZFgxY&ext=) for the first time in a continued push to diversify its business beyond e-commerce as it faces regulatory scrutiny in China. - Russia’s [Sputnik V vaccine has 91.6 percent efficacy against symptomatic coronavirus]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgQMAUoFSFYGVwQMSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tDEUcXQV9XUBNVE1dYAgtLAg0MSxBbVgxVFkBOVwkBBktXBlcZAgpNEUQWTAgMW05OSUJZVltYDAQZUVZFGA1VAktVX1NeUVYFTUxSVgIMCxIWTBcaWUURXw9YFQxaHlQLRwpRG0BNERFdAlZLEUIKWQgZS0BfVgcSQEo=&ext=) , interim trial results have suggested. The preliminary findings are based on analysis of data from more than 20,000, mostly white, participants, three-quarters of whom received the vaccine. - Google announced that it plans to [shut down its internal development studio and divert all resources]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgQMAUoFSFYGVwQPSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tDEUcXQVJRXxRVBVJDTQYKDE0PARRHGgJfDV4NABRQWwtCBkYbVVkPBxkHXRAAXAxICVFWQRVCFhRQUFhFGFYRQEtAS1paW0QDR0xARQIBDABPFg0PWBgCX09WDw==&ext=) to enticing third-party developers to launch games on Google Stadia. VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgQMAUoFSFYGVwMMSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNRwwaGxNDER5YWFZIWAgaCF0eExcKEQcN&ext=bGQ9QVNJTkFHU19Qcm9wZWxfQWNjZWxlcmF0b3JfWW91clN0b3J5 Calling all consumer product startups! Register for the Amazon Global Selling Propel Accelerator and receive mentorship from industry experts and Amazon leaders on building successful global brands. [Apply today]( VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgQMAUoFSFYGVwMMSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNRwwaGxNDER5YWFZIWAgaCF0eExcKEQcN&ext=bGQ9QVNJTkFHU19Qcm9wZWxfQWNjZWxlcmF0b3JfWW91clN0b3J5)! Before you go, stay inspired with... — Prashanth Prakash, Founding Partner, Accel Partners India VAEOBUoESBBGD0NNR1ZfVQdYBURYDV1TIQUMBQpYGwZfD0UVF1BAQxZQDldXXlwVC1pbDiYCXQJRCBpbWlVN&ml=UgQMAUoFSFYGVwELSQ==&sl=I0h6S2NmSDd5MkxVW1wAGQhXT0peFhcWFQ0THU1XWghMUg==&pp=0&&fl=CUBNR0UPG0tNCUVLRkNdRR8aAlxcTFdVU1NOVFEbVxBUBVwVSAsDBVUcBFpZVhURFlURTEsAXgBXEUZZUl0cCw9aVkFXQV0LWktRWlZSXhoWRgBAWQILEUwSEwUIVUYN&ext=dXRtX3NvdXJjZT1FbWFpbCZ1dG1fbWVkaXVtPVlvdXJTdG9yeUJ1eno= “We can keep talking about being the next innovation hub of the world but if we don’t invest enough resources it won’t happen.” CORRECTION: In our Monday (Feb 2) newsletter edition, we incorrectly attributed a quote by Byju Raveendran of BYJU'S to Kunal Shah of CRED. We regret the error. 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