As 3D printing and scanning startups emerge in India, investors are exploring options for early-stage investments in the sector. Abhijit Patil, Co-Founder of NXG, is part of the Zone Startups incubator, creating 3D scanning and printing software systems that could be applied to both e-commerce as…
Start Up India
Firstcry becomes Ratan Tata’s fourth investment in 2016
Ratan Tata has invested an undisclosed amount in baby and maternity products retailer FirstCry, marking his fourth investment since the start of 2016. FirstCry, which is owned by BrainBees Solutions, follows an omni-channel strategy of selling both through online and offline stores. “The id…
Industrybuying.com raises Rs 12 Cr venture debt from Trifecta capital
Delhi-based business-to-business e-commerce player industrybuying.com has raised Rs 12 crore from venture debt provider Trifecta Capital. Venture debt is an alternative form of finance often used by start-ups. “The investment would be used to finance working capital and drive growth in the enterp…
Start-ups will mature this year, says Mumbai Angels
Ishan Singh has a few buzz words and inflection point is one. He will repeat it until he is blue in the face because he believes in it. Singh, part of the Mumbai Angels network, believes the start-up community has reached an inflection point where it has evolved and will see smarter companies wit…
Coupons website Cashkaro.com raises funds from Ratan Tata
Continuing his investment spree in Indian start-ups, Ratan Tata, chairman emeritus of Tata Sons, has invested an undisclosed amount in Gurgaon-based cashback and coupons start-up CashKaro.com. This is his third investment in start-ups this month — having invested in Tracxn, a startup intelligence…
Three-year tax holiday for startups
The three-year tax holiday proposed for startups in India will be available over a five year window, ensuring that innovators won’t lose the benefit even if they make a profit later, the government said. Those seeking the income tax exemption, announced in the Startup Action Plan on Saturda…
35 new PPP-based incubators for start-ups
21-year-old Aditya Nayak (name changed), a former IIT-B student and founder of an AI startup incubated by SINE (Society for Innovation and Entrepreneurship) is one of the many student-entrepreneurs who find academic incubators lacking technical expertise and mentorship crucial for early-stage sta…
Rs 10,000 cr start-up fund to be force multiplier | Experts
The Rs 10,000-crore fund announced in the Startup India policy by Prime Minister Narendra Modi is expected to be the force multiplier that may boost investments many times into this segment, industry experts believe, even as the government plans to liberalise the regulatory environment for entrep…
Centre finds an ally in new-economy companies
It was a telling comment when Prime Minister Narendra Modi on January 16 said before a large gathering of 20-something and 30-something founders of start-up companies, “This is not the first time that this auditorium at Vigyan Bhavan is filled, but this is the first time that it is filled w…
Startup India Action Plan | Top 10 Points to note
Tax exemptions for three years and concessions on capital gains tax. A fund of Rs. 10,000 crore to back startups. Initially the corpus will be Rs. 2,500 crore. Also, a credit guarantee fund for startups. There will be a Startup India hub which will act as a single point of contact for interactio…