Jammu startup community held its first startup meet at Zonixsoft Trikuta Nagar. The main agenda of the event was to create a startup ecosystem in Jammu. All the startups operating from Jammu were invited along with the budding entrepreneurs. The vision of the community is to build a strong networ…
Food start-up Faasos raises $6.3 mn from existing investors
Pune-based quick service restaurant chain and online food delivery company Faasos Food Services Pvt. Ltd. has raised Rs 41.4 crore ($6.3 million) from existing investors, filings with the Registrar of Companies (RoC) show. The investors who participated in this round included Ligthbox Ventures II…
MobiKwik looks to raise Rs 1k cr for expansion
New Delhi: MobiKwik, one of India’s leading mobile-wallet companies, is in advanced talks with about half a dozen lenders and mutual funds to raise as much as Rs 1,000 crore to finance its expansion plans that include the likely acquisition of a rival, three people familiar with the development. …
SMEs के लिए सरकारी खरीद पॉलिसी में संशोधन की तैयारी, सजा से लेकर कंपनियों का बढ़ेगा दायरा
मोदी सरकार छोटे कारोबारियों के लिए सरकारी खरीद पॉलिसी में संशोधन करने की तैयारी कर रही है। पॉलिसी के तहत खरीददारी अनिवार्य करने के बाद भी सरकारी कंपनियों (पीएसयू) की अनदेखी के चलते ऐसा किया जा रहा है। 27 अप्रैल को होने वाली नेशनल बोर्ड फॉर माइक्रो, स्मॉल एंड मीडियम एंटरप्राइजेज की बैठक में इस […
10 fundamental legal requirements for every start-up
One of the principal causes which lead to the failure of a startup is disobeying the law. Startup founders while beginning the business may set aside many compliances for ignorance of law. However, no court of India accepts ignorance of law as an excuse. Besides, the legal jargons and expenses ma…
Success rate among Indian start-ups is good: IT expert
Hyderabad: Mortality rate among start-ups in India is not alarming, and their success ratio is actually good and on par with global trend, said an expert in information technology (IT) industry. “In the start-up industry (in India), if you look at ten companies at least three or four will s…
Ikea looking for small suppliers to double local sourcing by 2020
Ikea is sharpening India focus as it plans to double sourcing from the Indian market to 600 million euro by 2020 and will start work on its second store in the country in Navi Mumbai by May of 2017 . The global home furnishing giant from Sweden sources products worth 318 million euro from India. …
GST: गुड्स एंड सर्विसेज टैक्स के अधिनियमों ने उड़ाई SME की नींद
जानकारों का कहना है कि गुड्स एंड सर्विसेज टैक्स (जीएसटी) में सरकार और टैक्स देने वाले समुदाय ने जीएसटी से एमएसएमई (SMEs) पर पड़ने वाले असर को नजरअंदाज कर दिया है। यही वजह है कि कई एमएसएमई अब खुलकर आगे आ रहे हैं और अपनी समस्याओं को सरकार के सामने रख रहे हैं। घटेगी उत्पाद […]
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Funds pouring in for both early & late-stage start-ups
Since 2017, there are as many private equity deals in the start-up space, as much as seed funding deals, according to data by trak.in. While the line between late-stage funding by venture capitals (VCs) and early private equity (PE) investments is blurred, the size of investments have steadily in…
Gujarat Traders Federation asks Modi to ease GST rules
The Gujarat Traders Federation on April 22 asked Prime Minister Narendra Modi to intervene for easing the rules and structure of the upcoming Goods and Services Tax (GST). The federation reached out to Prime Minister Modi through a letter which pointed out various hindrances towards ease of doing…