Enormous innovation in FinTech space is taking place in India, says Andrew Vaz, Chief Innovation Officer, Deloitte Touche Tohmatsu Ltd. Here he shares Deloitte perspective of current innovations happening in the country: Q: Where does India’s innovation figure amongst global innovation? A: From a…
Foodtech start-up BOX8 secures $1 m venture debt from Trifecta Capital
Mumbai-based on-demand food delivery start-up BOX8 has raised about $1 million (Rs 7 crore) in venture debt funding from Trifecta Capital. This development comes right on the heels of the start-up raising $7.5 million (Rs 50 crore) Series B funding from IIFL Seed Ventures Fund and Mayfield Ventur…
How GST will be a turning point for SMEs
Introduction of the Goods and Services Tax (GST) after a decade-long deadlock is a welcome measure for Indian small and medium enterprises (SMEs). India’s approximately 51 million SMEs are vital for its economy, contributing 45 per cent to the country’s GDP and employing 450 million people. GST h…
Google Launchpad picks 6 start-ups from India, shows love for AI
Google’s Launchpad accelerator on May 24 announced its fourth batch of start-ups. The latest class of Launchpad has 33 start-ups from across Asia, Africa, Europe, and Latin America, including six from India. These companies will work closely with Google for six months. They get equity-free suppor…
10 हजार करोड़ के फंड में से अब तक मिले सिर्फ 623 करोड़, 62 स्टार्टअप्स को मिली फंडिंग
मोदी सरकार ने महत्कांक्षी योजना स्टार्टअप इंडिया की स्पीड धीमी पड़ गई है। सरकार ने स्टार्टअप्स के लिए 10 हजार करोड़ रुपए का फंड ऑफ फंड्स बनाया, जिसे 2025 तक तक डिस्ट्रिब्यूटर करना है। हालांकि, डीआईपीपी और सिडबी की ओर से जारी रिपोर्ट के मुताबिक, फाइनेंशियल ईयर 2016-17 के दौरान केव…
India’s SME hub won’t be a metro city much longer
According to the Confederation of Indian Industry (CII), the MSME sector is the backbone of India’s national economic structure, constantly strengthening the Indian economy in the face of global economic meltdowns and adversities. Comprised of more than 51.1 million units throughout the country, …
Travel-tech start-up Travelspice raises seed round
Travel e-Commerce platform Travelspice has raised an undisclosed amount in seed funding from Bangalore-based early-stage investor Eagle10 Ventures, a company statement said. “Two-thirds of the fund will be deployed for marketing and the rest will go towards product development,” said Ramu Kallepa…
हरियाणा: स्टार्टअप्स के लिए माहौल तैयार, पर नहीं दिख रहा युवाओं का रूझान
केंद्र सरकार की स्टार्टअप्स को बढ़ावा देने की योजना से प्रदेश सरकार कई कदम पीछे चल रही है। अभी तक गुड़गांव में एक भी स्टार्टअप शुरू नहीं कराया जा सका है, जिसमें प्रदेश सरकार की ओर से वित्तीय सहायता मुहैया कराई गई हो। ऐसे में स्टार्टअप की दिशा में कोई काम न होने से मिलेनियम […]
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GST impact on economy: Five things to watch out for
While the lower Goods and Services Tax (GST) rates may lead to a decline in inflation, economic growth may not improve significantly in the short term even though it will benefit both India Inc and the government in the medium term, experts say. Most economists forecast inflation to come down as …
