News

SaaS start-ups raise over $256 mn in VC funding

In the midst of a funding winter for startups, companies offering software-as-a-service (SaaS) have raised over $256 million in venture capital funding since January, counting several big-ticket deals. What has worked for SaaS startups is the focus on unit economics – a metric to measure a …

T-Hub: World’s largest start-up incubator coming soon!

Exactly a year after inauguration, T-Hub, India’s largest startup incubator which has waged a startup revolution in Hyderabad is now gearing up to roll out the second phase of its facility. Spread across 3,50,000 square feet, the new wing will be made available to entrepreneurs by mid-2018. The s…

DICCI will use economic reforms to boost SMEs: Milind Kamble

Any economic reform model that can check black money and bring stability to Indian rupee will be the first step towards boosting the small and medium entrepreneurs as it paves the way for a level-playing field, said Dalit Indian Chambers of Commerce and Industries (DICCI) Chairman Milind Kamble. …

Stasis Labs aims for affordable healthcare, raises $5 mn

In the last couple of years, I had the misfortune of spending more than a month at a stretch twice in hospitals. The recent one was a freak bike accident that left a lung punctured, knee ligaments torn, and ribs bruised. But the earlier one was much scarier: a nasty strain of dengue that had [&he…

Govt relaxes cash withdrawal norms, move may help SMEs

The government relaxed cash withdrawal norms in a bid to help small businesses and the rural poor, but a bank holiday in 18 states and empty ATMs piled more misery on the people from last week’s surprise ban on high-value banknotes. Throwing a lifeline to millions of traders crippled by a cash cr…

States demand control of SME taxes under GST

Kerala, West Bengal, Delhi and Odisha are likely to play hard at the Goods and Service Tax (GST) Council meet scheduled next week, with their demand to have full control over business and institutions with turnover below `1.5 crore. “Majority of states want a combination of vertical and horizonta…

Powerloom sector to get govt support for marketing & tax benefits

A mega package for the powerloom sector is in the works, focused on upgrading units. The package will include social welfare schemes, insurance cover and cluster development of power looms. This would be the second in a series of incentives for the textile sector, after a Rs 6,500 crore package a…