Chennai: What could be more precious for a boxing fan than boxing legend Muhammad Ali’s gloves? For a die hard Virat Kohli fan, one could get a peek into his wardrobe and mimic his style. From giving fans a chance to grab Schumacher’s Ferrari jacket to helping them connect with fellow…
Start Up India
VC fund 500 Startups puts India on hold citing tax issues
Bengaluru: Silicon Valley-based venture capital fund and accelerator 500 Startups has put on hold its plans to raise a $25 million India-focused fund, Kulfi, citing taxation and regulatory reasons. Run by Dave Mcclure, one of the most prolific seed investors in Silicon Valley, 500 Startups has re…
Myntra to provide 10 small brands with technical, financial support
Myntra, the country’s largest fashion ecommerce company, is reviving an incubation programme aimed at providing 10 small brands with technical, design and financial support, targeting about $500 million worth of business from them in the next five years. The online retailer had nurtured about a d…
More Chinese investment led by Alibaba Group, continues to flow into Indian start-ups
Lately, there is a bit of China in some of the top Indian startups, from e-commerce platform Snapdeal and mobile wallet giant Paytm to ride sharing company Ola and travel portal MakeMyTrip. In the last year or so, India’s startups have seen an influx of investments from China’s top technology fir…
Lodha Developers floats maiden fund for start-up investments
Lodha Developers Pvt. Ltd, the country’s largest real estate developer in terms of sales, has launched its maiden investment fund for start-ups focused on smart city solutions and the overall real estate sector, it said in a statement on January 4. With an initial investment corpus of Rs 50 crore…
Start-ups brace up for legal war with Income Tax department
Start-ups that have been ordered to pay tax despite valuations being marked down in recent funding rounds are challenging the demands, complaining that the move runs counter to the government’s campaign to encourage entrepreneurial spirit. With startup fever having waned over the past year …
Obino app lets users take charge of their health
Ritu Srivastava has been often accused of creating Obino purely for herself. She doesn’t deny it—she has been there, done that and wants to make sure that others have it easier. Her venture, Obino—a virtual weight loss coaching solution—emerged from her personal struggle with weight loss after th…
CCMB signs MoUs with 4 start-ups
Four biology start-up firms have signed up with the city-based Centre for Cellular and Molecular Biology (CCMB) to incubate their companies at Innovation Hub (iHUB). The CCMB, a research establishment of the Council of Scientific and Industrial Research (CSIR), in its efforts to engage with indus…
Start-ups likely to get tax benefits in Union Budget 2017
New Delhi: Prime Minister Narendra Modi’s key Start-up India programme may get a boost in the upcoming budget with the industry department drawing up a list of tax concessions on employee stock options, unlisted securities and convertible instruments. The union budget is expected to be announced …
2017: A new agenda for start-ups will get India to the 10% growth rate mark
The last two years have seen a slew of initiatives and agendas announced by the government—starting with the National Digital Literacy Mission with its worthwhile agenda of enabling one person in each Indian family to have digital skills, we have seen Swacch Bharat Abhiyan, Make in India, Start-u…