The proposed changes in angel tax policies could result in global investors pressuring start-up founders to move their company headquarters overseas, which is unlikely to benefit any stakeholder in the contemporary ecosystem
The acquisition will provide an exit to existing investors and help Nuvama tap into Pickright's platform capabilities, while Pickright will continue to operate independently
This fresh round of funding takes the total angel investment raised by the company to $2.5 million. Earlier last year, the brand raised a total of $800,000 in investments
The fundraise marks the largest ever Series A round in the drone sector led by SphitiCap while also receiving participation from a global investment fund and several HNI angels
