City Kalaari Financial News

NEW DELHI : A group of 30 Indian and foreign investors, including marquee names such as Indian venture capital firms Kalaari Capital, Peak XV Partners (formerly Sequoia India and South-East Asia) and Lumikai, and US firms Tiger Global Management and Tribe Capital, on Friday wrote to Prime Minister Narendra Modi, seeking a meeting to elucidate the impact of the Goods and Services Tax (GST) Council’s recommendation to tax the online gaming sector at 28% of the gross revenue earned by companies in this sector. The letter claimed that the new recommended tax for the sector could lead to an increase of up to 1,100%, based on the present interpretation of the GST Council’s recommendation to tax real-money online gaming companies at 28% of the “full face value" of their earnings.

Vani Kola, it's 'The Office'. According to the Kalaari Capital founder and Managing Director, this popular mockumentary is one of the «funniest» and «most-heartwarming» TV shows ever made. In a detailed post on LinkedIn, the businesswoman with more than 1.3 million followers said that the show has been streamed for over 57 billion minutes on Netflix.

GuardianLink, an NFT ecosystem technology framework startup, on Tuesday said it raised Series A funding of $12 million, led by Kalaari Capital and other private investor groups. The company said it will use the proceeds towards expanding Guardian’s Singapore and Japan-based design labs, strengthening the technology brand’s creative development capabilities and deepening its curative NFT packaging foundation.