One startup out of 571 selected for tax benefits
In the second round of the inter-ministerial meeting under the Startup India Action Plan, only one startup has been selected out of 571 applicants for a three-year tax benefit. Kanpur-based Bhurak Technologies has fulfilled the criteria under the same. In the first round held in May, Hyderabad-based renewable energy startup Cygni Energy was the only startup selected among 200 applicants.