The bloom is off seed funding, the business of providing money to brand-new startups, as investors take a more measured approach to financing emerging US technology companies. Seed-stage financing has been sliding for the last two years, with the number of transactions down about 40 percent since…
Tag: Airbnb
Small e-Comm vendors will have to pay GST upfront
New Delhi: Budget hotels and small-scale vendors registered on e-Commerce sites such as Airbnb, Flipkart and Amazon will have to pay tax upfront under the goods and services tax (GST) regime when they receive payments, even if they fall in the exempted category. That’s because all vendors r…
How Indian travel marketplace start-ups can take a cue from global peers
“India is still a small market, but it’s a long term bet that will pay off” says AirBnB’s co founder and CEO Brian Cheskey. The Co-Founder and CEO of Airbnb, Cheskey gave a 5-star rating to Indian market saying, “the reason I am incredibly excited is, say in about 10 years from now it will [&hel…
Airbnb seeks funds valuing it at $30 billion: Source
Apartment-sharing startup Airbnb is in talks for a new round of funding that would value the company at $30 billion, a source close to the company said on June 28. Airbnb intends to use the financing to support new investments and growth opportunities, the source added. The New York Times first r…
Foreign firms to be invited to Startup India anniversary
The government plans to invite prominent international startups to enter India’s growing new economy. The department of industrial policy and promotion will organise a start-up conference next January to coincide with the first anniversary of the StartUp India initiative, according to an official…
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 …
Airbnb Banks on India, looks to grow at a faster clip
Home-share booking site Airbnb is confident of manifold growth in its business in India over the next few years, driven by a surge in volume of travellers using its platform and increase in number of listed properties. “India has seen tremendous growth in the last one year. About 17,000 pro…
TPG Growth looks to invest in Indian consumer internet start-ups
TPG Growth, an early backer of ride-sharing app Uber and home rental service Airbnb, is looking to invest in Indian consumer Internet start-ups, a company executive said. The fund will also partner with venture capital funds to invest in these companies. “We are looking to partner with some of th…
US Co. Payoneer India entry to benefit SMEs
US-based financial technology company Payoneer plans to enter India by the end of this month, offering its crossborder payment services to the country’s small and medium enterprises. The company has partnered with IndusInd Bank to launch the service after receiving central bank approval. It…