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India may exempt early stage startups from data protection rules under DPDP bill proposal

India may exempt early stage startups from data protection rules under DPDP bill proposal

India’s government is reportedly considering a limited exemption for early-stage startups from some compliance requirements under the proposed Digital Personal Data Protection (DPDP) bill. The rationale: easing pressure from data-handling obligations that could stifle startups while they develop data models and solutions. The DPDP draft also details strong penalties for breaches and proposes removing compensation provisions from the IT Act.

Summarised by Beize from a story on Trak on 24 Apr 2026
PhonePe raises Rs 3000 crore at Rs 98000 crore valuation and plots data centers and new finance bets

PhonePe raises Rs 3000 crore at Rs 98000 crore valuation and plots data centers and new finance bets

PhonePe has raised $350 million (about Rs 3000 crore) led by General Atlantic, valuing the startup at $12 billion (around Rs 98,000 crore). The company says it will invest in infrastructure such as data centers and expand into financial services including insurance, wealth management, and lending. The move follows recent Flipkart-PhonePe ownership separation.

Summarised by Beize from a story on Trak on 24 Apr 2026

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Government Recognizes 84102 Startups Across 56 Sectors by November 30

Government Recognizes 84102 Startups Across 56 Sectors by November 30

In a Lok Sabha written reply, the government said the DPIIT has recognized 84,102 entities as startups as of November 30. These startups span 56 sectors, including agriculture, biotechnology, and chemicals. The move supports Startup India incentives like income tax benefits, alongside Fund of Funds and Seed Fund allocations, with Maharashtra, Karnataka, Delhi, Uttar Pradesh, and Gujarat leading recognition counts.

Summarised by Beize from a story on Trak on 24 Apr 2026
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