For Small and Medium Enterprises (SME) and startups, Intellectual Property (IP) or intangible assets often make up more than 70 per cent of the value of the company. And that is not limited to patents. IP includes the big four types of IP: patents, copyrights, trademarks, and trade secrets plus o…
PM talks-ups Start-up India, but why is taxman putting spanner in the works?
Given the Prime Minister’s emphasis on Startup India, it is particularly odd to see the taxman levying a tax on the premium they get on their valuation from investors. Start-ups are a bet on the future and investors pay a premium for this—that premium, then, is invested in the business which, if …
Big setback for start-ups in India, investment plunge 44% in 2016: Study
Investments in start-ups declined significantly in volume (28%) and value (44%) in calender 2016. The deal sizes got smaller as angel and early-stage funding dominated and late stage funding took a backseat, said VCCEdge in its year-end analysis. In 2016, start-ups witnessed a 44.3% decline in in…
Dastkari Haat to mark 60 yrs of Indo-Iran cultural ties
A colourful melange of handloom, pottery and textile will mark 60 years of Indo-Iran cultural ties at the upcoming Dastkari Haat Craft Bazaar. For the 31st edition of the annual festival, which begins on the New Year, Dastkari Haat Samiti will be showcasing works of nine Iranian crafts person and…
How incubators in India are helping start-ups grow
For Anand Shahani, founding WedMeGood, an online wedding planning portal, in 2014 was just the beginning. Within a few months, he realised that he needed networking and mentoring to take the business in the right direction. After much deliberation, he decided to knock at the doors of 91SpringBoar…
Budget 2017: PM orders DIPP to focus on impactful steps for economy
The departments of commerce as well as industrial policy and promotion are focussing on measures that are important and yet have “limited budget implications” so that they can be considered for inclusion in the upcoming Budget papers, senior government officials told. The process started after a …
Streaming platform Dekkho raises $1.2 mn in seed funding
Streaming platform Dekkho has raised $1.2 million from seven unnamed angel investors. The company sources content from content providers within India and abroad. Dekkho currently has over 12,000 hours of programming, made available by partnering directly with digital channels such as Sony Music, …
Nandan Nilekani invests $5 mn more in e-Commerce start-up 10i Commerce
Infosys Ltd Co-Founder Nandan Nilekani has invested $5 million more in Bengaluru-based e-commerce start-up 10i Commerce Services, according to regulatory documents and a person familiar with the matter. With the latest investment, the former chairman of the Unique Identification Authority of Indi…
With $323 mn funding, 2016 a bumper year for ed-tech cos
The year 2016 has become a bonanza for the education sector, which has received investments of $323 million -surpassing the previous high of 2014 when ed-tech companies raised $223 million. At 26, the number of deals this year was also over three times more than last year’s $98 million (23 …
Note ban kills MSME sector’s window before going cashless for GST
Hyderabad: What has demonetisation done to the struggling and attention-sought Micro, Small and Medium Enterpises (MSMEs)? These industries which were directed to go cashless before the implementation of Goods and Service Tax (GST), expected in about four more months, have been forced to go digit…