🇮🇳 Roundup: Oyo to offer free stay to Ukraine refugees

Startups in India, including Rupifi and Vama, raised at least US$8.75 million in funding over the past day from international and local investors.

Here’s a snapshot of the fundraising:

Here’s some important tech news from India today:

Oyo to provide free stay for Ukraine refugees

The hospitality tech platform will start the program with its partner homeowners in Poland, while it eyes similar actions across Europe.

Oyo will help cover homeowners’ operational expenses and provide administrative support to house refugees from Ukraine. The firm is also in touch with organizations to match refugees with houses.

The firm said it has launched a campaign to raise funds for homeowners and organizations helping them with the initiative.

India rejects crypto offsets for losses in upcoming tax law

The Indian government won’t allow cryptocurrency traders to offset losses from one coin on gains earned from another.

This comes as a new law could levy a 30% tax on crypto profits from April 1.

CoinSwitch Kuber founder Ashish Singhal said that the move was “detrimental” for the local industry.

Edtech firm names ex-Verizon exec as new chief growth officer

Vendantu has appointed Nikhil Rungta to oversee scaling and growth efforts across all business units.