Around June last year, entrepreneur-turned-venture capitalist Manish Singhal was looking to raise his first venture fund, and he thought it was the toughest task he had ever undertaken. Singhal had earlier co-founded startup financing platform Letsventure. As he searched far and wide for investor…
News
I want every rich Indian to start investing in start-ups: Paytm’s Vijay Shekhar Sharma
43-year old Vijay Shekhar Sharma who runs e-commerce firm Paytm backed by Chinese investors, on Thursday said that India’s traditional business houses should start investing in domestic startups. He added that Indian entrepreneurs need foreign investors largely because of the lack of availa…
Vizag firm gets Startup India recognition
MEDIC TFHC Pvt. Ltd, a city-based start-up, which developed a mobile app for providing medical services at a click, has received recognition by Startup India for developing an innovative product. The firm, being mentored under NASSCOM’s 10k startup programme at its warehouse set up at Sunrise Inc…
Indian start-ups must compete without protection: DSG Consumer Partners Asia Founder
The reluctance of venture capitalists (VCs) to fund non-tech businesses and consumer-focused products is largely related to “pace of scale”—it takes a very long time, often decades, for a non-tech consumer business to create a brand and become a market leader, says Deepak I. Shahdadpuri, founder …
Only 34% service taxpayers move to GSTN, CBEC ups outreach
New Delhi, Apr 27 The revenue department is stepping up its outreach programme, asking taxpayers to register with the GST Network by this month-end as only 34 per cent of the existing service tax assessees have so far migrated to the new payment portal. There are a total of 80 lakh VAT, excise an…
Centre looking to double time limit for declaring overdue MSME loans as NPA
New Delhi: The government is considering doubling the 90-day limit to 180 days for banks to declare overdue MSME loans as non-performing assets (NPAs) or bad loans. “The Ministry has already taken up the issue and it is being considered at a much higher level,” Medium, Small and Micro Enterprises…
A brief guide for start-ups to stay on top of compliance in 2017
Dealing with compliances can be a nightmarish experience. Trying to figure out what to comply with as a startup becomes even more difficult when you have to traverse through volumes of cryptic information and legalese jargon only to realize that you’ve missed half your deadlines. It doesn’t help …
Start-up funding down 50% in India; At its lowest since 2014
In indications that investors were getting increasingly cautious while funding for start-ups in India, there has been a sharp dip in the number as well as the value of such deals in the start-up space in the first quarter of 2017 in comparison to the previous year. The number of deals have seen a…
IICA & NSDC to forge collaboration on skills, CSR & MSME
New Delhi: Indian Institute of Corporate Affairs (IICA) and National Skill Development Corporation (NSDC) will join hands to set up collaboration on skills and in areas of Corporate Social Responsibility (CSR). Manish Kumar, Managing Director and CEO, NSDC, while on an invited visited to the IIC…