US

The MedTech industry in India is estimated to be INR 50K-70K Cr

Globally, the sector is growing, from $500 Bn today, to an expected $600 Bn by 2025

MedTech is a startup-friendly sector, with an estimated 5-7,000 MedTech startups in operation in the US

The move will ensure that the companies do not evade taxes

The directive came in when both India and US have been discussing on how to share the details

The directive is not applicable for countries not part of the OECD project

The proposal will involve Indian teams coordinating with the US Defence Innovation Unit Experimental (DIUx) in Mountain View, California

The proposal is being finalised following the 2+2 dialogue agreed in between India and US

• BYJU'S will be using the raised funds for global expansion
• The deal will value BYJU'S at around $2 Bn
• BYJU'S has recently crossed $14.54 Mn in revenue

In December 2017, Skechers had accused Flipkart and four of its sellers of selling fake 'Skechers' products

One of Flipkart's biggest sellers — MarcoWagon — is also a suspect in the case

Marco Wagon, in turn, accused Flipkart of making it import Skechers shoes from suppliers in China

SaaS Startup VTION will use the funds to expand its product line in India and abroad

The company has also received investments from angel investors abroad

VTION further aims to patent applications in select countries and enhance its product roadmap

• The funding was led by Nexus Venture Partners
• Claims to have achieved profitability in July with 8x revenues
• Looks to invest in technology with the latest fund raise

- Kabir Misra's startup fund will count SoftBank Group as the anchor limited partner
- The fund will invest in the US, India, and Southeast Asia
- Misra will step down from his current position at Softbank Capital after closing the fund

Cambridge Analytica Will Begin Parallel Bankruptcy Proceedings In The US

The Summit Was Aimed At Strengthening The Trilateral Ties Between India, Israel And The US

The Financing Will Be Utilised To Introduce New Products And Strengthen The Startup’s Presence In The US

The Move Is Aimed At Enhancing Customer Engagement By Offering Virtual Trial Service For Eyewear