The government may explore the possibility of introduction of employment linked tax rebates to entrepreneurs to boost the MSMEs and Start-ups. This idea has been mooted by apex chamber FICCI in its pre-budget memorandum. The government is committed to promote Make in India initiative to take Indi…
Start Up India
Porter’s online logistics services now in Hyderabad
Mumbai-based online logistics start-up Porter has launched operations in Hyderabad. Announcing this at a press conference on Monday, Chief Executive Officer and co-founder Pranav Goel told newspersons that it has started operations in the city with 200 vehicles, which could make four hundred trip…
Kaizen to invest $5-6 m in Edupristine
Mumbai-based private equity fund Kaizen Management Advisors, which raised $150 million edutech fund last year to focus on the education space, is likely to invest around $5-6 million in online start-up EduPristine.com. According to sources, the deal has been closed. However, a mail sent to Kaizen…
One-way taxi service providers step on the gas
A clutch of startups have sprung up to address the issue of taxi service providers charging double the fare for one-way travel.Jaipur-based Hippocabs, Ahmedabad-based Yatayat and recently funded Noida-based AHA Taxis are three of such intercity taxi aggregators that have come up in the past six m…
Reintroduce tax incentives for R&D start-ups & investors
For R&D startups and investors, a key consideration while deciding on the starting destination is the tax structures and incentives in the host country. India did offer an attractive incentive under Section 80-IB (8A) of the Income Tax Act till the year 2007, but this scheme was withdrawn, th…
Ravi Gururaj promoted QikPod to build largest parcel locker network
QikPod, a startup being launched by serial entrepreneur Ravi Gururaj with $9 million in funding from Accel Partners, Flipkart, Delhivery and Foxconn Mobile, will establish a network of intelligent lockers for delivering ecommerce parcels to online shoppers across the metros. For ecommerce compani…
EDUCATION E-STARTUP FASTUDENT RAISES SEED FUND
Fastudent, an education e-commerce start-up, has raised a round of seed investment from a group of marquee angel investors, led by Ashish Gupta, founder and trustee at Ashoka University. The company did not disclose the amount raised. Founded by IIT-IIM alumuni, Gaurav Barman and Geetanjali Khann…
START-UPS MAY GET MAT EXEMPTIONS, IPR EARNING WAIVERS
The government has suggested exempting start-ups from the levy of minimum alternate tax (MAT), exemptions on earnings from intellectual property rights and a relief from the anti-abuse provisions with regards to capital gains tax, a senior official told The Indian Express. Listing out a slew of m…
SOFTBANK LEADS Rs 780 CRORE FUNDING IN GROFERS
Grofers, a hyperlocal express delivery startup, has raised $120 million, or Rs 780 crore, in a new funding round which is being led by Japan’s SoftBank Corp. Existing investors in the two-year-old Gurgaon-based company, Tiger Global, Sequoia Capital and Apoletto Managers, a personal fund ma…
DATING APP TINDER’S DOWNLOADS UP 400 PER CENT; WOMEN MORE ACTIVE
Online dating app Tinder on Wednesday said it has witnessed a 400 per cent increase in downloads in the country in the past year, and women are more active in using the application than men. “We are truly excited about the rapid adoption of Tinder in India…women particularly seem to love Ti…