L&T Infotech, the IT unit of engineering conglomerate Larsen & Toubro, plans to seek board approval to invest in technology startups that the IPO-bound firm hopes will help boost its digital offerings. “We want to partner with startups and give them a platform,” Chief Executive Sanj…
Start Up India
Start-ups up to Rs 25 Cr turnover to get tax sops
A company with an annual turnover of less than Rs 25 crore in the first five years will be eligible for conditional tax breaks and other incentives under the government’s start-up policy. According to the definition notified by the department of industrial policy and promotion (DIPP), an entity …
Mobikwik partners with bus aggregator startup Shuttl
Delhi based wallet payments company, MobiKwik, has partnered with bus aggregator startup Shuttl to make urban commute cashless. This association will enable Shuttl users to do away with cash payments and pay for their rides digitally via the MobiKwik wallet. With approximately 20,000 bus rides bo…
Start-Up registrations to be simplified
Move is afoot to launch a portal as also an app to make the registration process for start-ups easy and hassle-free, a top government official said here. Highlighting the five pillars around which the Action Plan for start-ups has been developed, Shailendra Singh, Joint Secretary and Chief Vigila…
Govt notifies uniform norms for startups
The government has come out with a uniform definition of startups under which a budding entrepreneur with a turnover of less than Rs 25 crore can avail tax breaks and other benefits for a five-year period. Notifying the definition, the Department of Industrial Policy and Promotion (DIPP) said it …
SigTuple raises seed fund from Flipkart founders and Angel Investors
Bengaluru-based medical technology startup SigTuple, which was founded by former American Express executives, has received a round of seed investment from wide-ranging and prominent investors including Flipkart founders Sachin and Binny Bansal, venture capital giant Accel Partners and other angel…
Healthcare Startups coming up with innovative solutions
The advances in technology promise to address a longstanding need of conducting medical tests in villages, sending the samples to healthcare centres in cities and relaying back results effectively. According to experts this presents a business opportunity to startups dealing with point-of-care de…
TripHobo partners Asia Pac Startup community Amadeus Next
Online travel planning platform TripHobo has partnered with Asia Pacific startup community Amadeus Next to develop and pilot an end-to-end travel planner. “Amadeus Next is a dynamic startup community and Amadeus is a leading venture capitalist in the travel technology space. “With Ama…
Hope to get funds for startup programme | Nirmala Sitharaman
Union Minister Nirmala Sitharaman February 21 expressed the hope that Budget 2016-17, to be present next week, will allocate required funds for startup India programme. She said her ministry, Commerce and Industry, will do its best to solve the financial difficulties being faced by start-ups. Spe…
Deserving companies to draw benefits of ‘Startup India action plan’
The government has set out the definition of a ‘startup’ to ensure that only deserving companies draw the benefits of its ‘Startup India Action Plan’ and to “create a conducive environment for startups in India”. As per a government notification, ‘startup…