India announces a new $1.15B Fund of Funds for startups with an "expanded scope" compared to previous initiatives, and extends tax benefits for startups (Manish Singh/TechCrunch)

India has announced a new $1.15 billion Fund of Funds for startups with an “expanded scope” compared to previous initiatives, along with extending tax benefits for startups. The country unveiled sweeping regulatory reforms adhering to these guidelines, aiming to support and boost the startup ecosystem in India. The move is expected to provide a significant financial boost and favorable conditions for startups in the country.

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