Employees at startups, which were once fledgling firms but are now established in their fields, are being given challenging KRAs, key result areas to measure performance outcomes. A highly competitive operating environment is driving this shift towards a new work culture. While Bigbasket has told…
Start Up India
Sitharaman takes startups’ tax holiday plea to Finance Ministry
To make Startup India more lucrative, the Ministry of Commerce & Industry has approached the Ministry of Finance with an industry proposal to widen the income tax exemption period from the current three years. “I have been interacting with the startups and a lot of them are in touch wit…
Legal-tech start-ups make a case for entrepreneurs
The Indian start-up world is growing and so are the legal issues associated with it. However, most of the start-ups can’t afford a team of lawyers and are also quite unaware about issues they have to deal with. For example, a Bengaluru-based start-up (name withheld) resorted to legal aid after an…
AddressHealth raises Rs. 10 crore in series A
AddressHealth, a primary healthcare network for children, has raised about Rs. 10 crore ($1.5 million) in Series A funding led by Gray Matters Capital. Existing investor Unitus Seed Fund also participated in the round. The company runs school-based neighbourhood clinics and school health programm…
Thiel’s FF Angel & Sequoia Capital put $2 million in Cleartax
Financial technology startup Defmacro Software, which owns and operates online tax returns filing platform ClearTax, has raised $2 million (Rs 13.3 crore) from FF Angel, the angel investing arm of Peter Thiel-led Founders Fund, and Sequoia Capital. The five year-old company will use the proceeds …
Consure gets funds from Accel Partners, others
Consure Medical, a healthcare startup, has received an undisclosed series-B funding, led by venture capital firm Accel Partners with participation from earlier investors — Indian Angel Network, India Innovation Fund and India Venture Partners. The company will use the funds for penetrating new ma…
Edcast looks to learn a lesson with sales university buy
Online learning startup EdCast acquired online sales training company Sales University, previously known as WAGmob, for an undisclosed amount. This is the first acquisition the education platform has made after closing a $16 million Series-B round led by GE Asset Management in April. Sales Univer…
Saama capital raises $31 million for third venture capital fund
Saama Capital, a venture capital firm that has been an investor in unicorns such as and Snapdeal, has raised around $31 million for its third venture capital fund. “With the new fund we will be investing between $2 million to $5 million at a stretch in each company. We ideally look at a com…
Offline-to-online retail discovery platform Appie raises bridge round of $1 million
Mumbai-based Appie Mobiquity , which owns and operates offline-to-online (O2O) retail discovery platform Appie, has raised a bridge round of about $1 million (Rs 6.65 crore) from an undisclosed list of investors. While the terms of the transaction were not disclosed, the startup will use the proc…
Peer to peer Lending platform i2i funding raises angel funding
I2iFunding, one of the leading peer to peer lending platforms in India, today announced that the company has secured Angel funding, from a group of industry veterans. “We are delighted that this distinguished group of investors has chosen to support i2ifundinging our mission to increase financial…