In pursuance of its policy to encourage start-ups in areas beyond IT, the government on October 3 to take up proposals for tax relief for 21 companies from diverse sectors such as healthcare, bio-tech, metal castings and animal husbandry. Two proposals for incubators will also be considered by th…
India Inc putting CSR money in start-up incubators
Companies like SAP, Tata Motors and Bajaj Electricals are investing in startups through government-affiliated incubators as a part of their mandatory corporate social responsibility (CSR) spending. Nearly a dozen companies have shown interest in spending CSR money in incubators at the IITs and II…
Auto portal CarDekho goes big on digital
Auto portal CarDekho.com has found a new line of business to drive its future growth. Spotting a need gap in the area of technological solutions, including customer service systems, CRM tools, dealership and virtual reality solutions, CarDekho is focussing on tying up with autom manufacturers and…
Teesort.com to raise funds, eyes Rs 500 cr turnover by 2020
Online fashion brand Teesort.com is looking at raising funds to support its business expansion plans and expecting a turnover of Rs 500 crore by 2020. “We are looking at raising funds in order to expand fast. We are targeting Rs 500 crore turnover by 2020. We will achieve this by expanding in Ind…
Here’s how start-ups’ success can be measured
The problem with excessive and premature hype is that the euphoria is often followed by disillusionment. The soaring valuations of copycat e-commerce start-ups in the last three years has been reminiscent of the dotcom spurt at the end of the last century. The dotcom bust, when it happened, was s…
Angel investment: What kind of a ball are your angels having?
Despite a slowdown in VC funding, the angel and seed investment landscape in India has witnessed an exponential growth in 2016. Nearly Rs 113.6 crore have been raised by tech startups in the country through 69 deals so far this year, marking a year-on-year growth of 62 percent in overall deal val…
Leather exports dip 8% in August; exporters seek more support
Export of leather and its products dipped by about 8 per cent in August to USD 451 million due to demand slowdown in the major market of European Union (EU). “The EU market accounts for about 65 per cent of India’s leather exports and the situation there for Indian product is not good,” Council o…
288 start-ups cumulatively raised $1.36 bn in Q3
Investors continue to adopt a “cautious approach” regarding start-ups as investments declined to USD 1.363 billion in the third quarter of 2016, start-up tracker Xeler8 said. According to data by Xeler8, a total of 288 start-ups have cumulatively raised USD 1.363 billion in the third …
Khadi sales launched in Vellore, Tiruvannamalai
Tamil Nadu: Vellore Collector S.A. Raman garlanded the statue of Mahatma Gandhi on the occasion of his 148th birth anniversary on October 2. He also launched khadi sales at Khadi Kraft showroom on Arcot Road and Khadi Gramodyog Bhavan at Sarathi Maaligai. There are three Khadi Kraft outlets in Ve…
Ex-Infosys CFO Bala to launch ₹1,300 cr offshore VC fund
Former Infosys CFO V Balakrishnan, who chairs India-based VC fund Exfinity, plans to raise a $150-200 million (₹1,000-1,300 crore) offshore fund to invest in start-ups that specialise in hi-tech enterprise solutions in the Indo-US tech sector. Exfinity has launched two funds of ₹125 crore and ₹27…