24 Indian startups raise over $229 million in funding this week
At least 24 domestic startups secured more than $229 million in funding this week, which included six growth-stage deals worth $182.65 million.
The income tax raids are underway at multiple production houses in Mumbai, including the office of producer Vinod Bhanushali and the house of Jayantilal Gada, the Income Tax department said Wednesday.
Notably, the search operations are taking place since Wednesday morning. As per the I-T department, the raids are being carried out for alleged tax evasion and financial irregularities.
The raids are taking place at the office of Bollywood producer Vinod Bhanushali in BKC.
The I-T team is also carrying out searches at the premises of producer Jayantilal Gada.
Other than them, three more production houses are also being raided.
Further details are awaited in the case.
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