Propelled by the perceived success of the Digital India and Skill India initiatives, the Narendra Modi government had announced its ambitious Startup India programme in January 2016. Mooted with the objective of creating a conducive ecosystem for emerging businesses in India, an assessment of its…
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Stellaris brings $100 mn booster shot for Indian tech start-ups
Venture Partners, Stellaris have announced that they will be boosting Indian Tech Startups with $100 Million from its maiden closing. Contributions for the Indian tech startups came from corporate companies like Infosys, Entrepreneurs family offices from the US, Europe, Asia and from other financ…
Bengaluru struggles to remain in top 20 start-up ecosystems
Bengaluru has fallen five positions to become the last among the top 20 startup ecosystems of 2017, according to the latest rankings by Startup Genome, a startup data analytics company.While SIlicon Valley and New York city retained their top two positions, the list also featured new cities like …
Facebook & TLabs join hands to support mobile-based start-ups in India
Facebook and start-up accelerator TLabs have entered into a partnership to support the mobile startup ecosystem in the country. Both entities will build on the knowledge and learnings of in-house senior mentors to engage and educate entrepreneurs. As part of the partnership, they will co-host eve…
GST: Traders for no linkage of input tax credit & tax payment
Traders across the country have urged the government to remove the linkage of input tax credit with payment of tax from the Goods and Services Tax (GST) clause. The indirect tax reform is scheduled to be implemented from July 1, 2017 and is likely to cover over six million businesses under the GS…
India to host Commonwealth SME summit
New Delhi will most probably host a Commonwealth SME (small and medium-sized enterprises) summit in May as the next stage in a bid by the 52-nation association to evolve an ease of trading accord, which is aimed to be formally announced at the Commonwealth Heads of Government Meeting (CHOGM) in L…
Advantages of Indian SaaS start-ups over their US counterparts
Software-as-a-service (SaaS) is easily a popular narrative in India’s startup ecosystem. While successful SaaS firms, such as Salesforce and Freshdesk, have made horizontal play in SaaS a strong focus, over the last 3 years, vertical SaaS product launches have overtaken horizontal ones, a survey …
Intel invested in five self-driving start-ups
Intel Corp, which on March 13 announced the proposed $15.3 billion acquisition of Mobileye NV , had invested in at least five startup companies working on self-driving vehicle technologies. Among the startups funded in part by Intel Capital, the chipmaker’s venture capital arm, are: LISNR, …
Govt’s credit guarantee scheme to give start-ups a loan lifeline of up to Rs 5 cr
Start-ups will soon be able to take loans of up to Rs 5 crore without collateral through a credit guarantee scheme prepared by the government. The scheme is awaiting cabinet approval and is likely to become functional soon under the supervision of the Department of Industrial Policy and Promotion…
Tata Trusts, Lockheed Martin & DST join hands to invest $2mn in tech-based social start-ups annually
Tata Trusts also finally seems to be embracing the advent of technology in every aspect our lives. In addition to NGOs, the organization now plans to add start-up investments to its portfolio in collaboration with aerospace behemoth Lockheed Martin and the Department of Science and Technology (DS…