The Budget 2023 revised tax structures increased standard deductions, and simplified capital gains tax, while boosting MSME support, infrastructure, and employment, and abolishing angel tax to aid startups. North Korean hackers from the Lazarus Group stole $230 million in crypto from WazirX, leading the company to freeze transactions and distribute the loss among users. Rapido has reached unicorn status with $120 million in Series E funding, expanding into parcel delivery and cab services while introducing driver subscription plans. Despite tripling its revenue to ₹443 crore in FY23, losses rose 54% to ₹675 crore. Ola has shifted from Google Maps to its own Ola Maps, saving ₹100 crore annually and promoting technological self-reliance, despite facing strong competition from MapMyIndia’s detailed and extensive mapping.
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