Ask the startup folks, and they will tell you how tricky the first couple of years are—challenges are aplenty, capital is scarce, firefighting is perpetual and chaos is the order of the day. Besides, there is constant pressure to secure funding, a problem that seems to become even more daunting a…
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Revvx partners Global Sources to give Indian start-ups international exposure
Revvx, a Bangalore-based Hardware/IoT Accelerator has partnered with NASDAQ listed Global Sources to provide Indian startups a platform to showcase Indian innovation to global retail buyers and distributors. Global sources is a Hong-Kong based business-to-business (B2B) media company that is know…
Another Japanese VC looks to incubate start-up dreams here
Bengaluru: Amidst a rising cohort of Japanese venture capital firms that are bullish on lapping up investment opportunities in Indian startups is Incubate Fund which started operations in India mid last year. The investment firm plans to step up investment activity this year with 10 to 12 more in…
GST adoption could raise India’s GDP growth rate to over 8%: IMF
The adoption of the Goods and Service Tax (GST) could help raise India’s medium-term Gross Domestics Product (GDP) growth to over 8% and create a single national market for enhancing the efficiency of the movement of goods and services, the International Monetary Fund (IMF) said on February 22. A…
Indian start-ups need govt support to minimise failures: Report
New Delhi: Startups in India face numerous challenges at different stages in terms of incorporation, fund raising and hiring and they need adequate support to tide over these difficulties and minimise failures, says a report. The government should provide incentives to investors in startups and d…
Microsoft hones enterprises of future, empowers over 2k Indian start-ups with its Azure cloud
Bangalore: For Microsoft, the flourishing startup ecosystem in India has become one of the new growth engines for its cloud business. The usage of Azure, Microsoft’s cloud offering and infrastructure services among Indian companies including Independent Software Vendors (ISVs) and partners has ju…
Start-up funding deals decline by 50% in January, 2017
The year 2017 has started with a cautious mood amongst investors in the Indian startup ecoystem. Last month, barely USD 173 million worth of investments took place in Indian startups compared to over twice that number in the same period, a year ago. According to the data, shared by research firm …
Technology can assist new enterprises in effectively tackling GST
The Goods and Services Tax (GST) will be implemented by July 2017. The new tax law will bring far-reaching reforms, affecting every member of the society: from the entrepreneur to bureaucrat to industrialist to the layperson. Even a tiny change in tax chain leads to a domino effect; we can very w…
Paytm will invest Rs 600cr to expand its QR code based payment network
New Delhi: Paytm has announced that it will invest over Rs. 600Cr to enable merchants across India for acceptance of digital payments using its QR code based payment solution. The company is investing in scaling up manpower, technology, and merchant education so they can transact digitally for th…
Handicrafts exports from Northeast poised for quantum jump
India’s north-eastern states, one of the richest in terms of eco-friendly crafts, exported handicrafts and handloom products to the tune of Rs 1,121.75 crore during the year 2015-16. The eight north-eastern states – Assam, Arunachal Pradesh, Meghalaya, Mizoram, Manipur, Nagaland, Sikk…