Infosys founder N R Narayana Murthy believes the goods and services tax (GST) will simplify trade, boost the economy, and generate jobs. While the GST Network might encounter a few teething problems, that was part of any large implementation, he said in an interview. Q: Do you think implementatio…
Tag: Infosys
Healthtech start-up grow fit raises $4.5 m funding from manipal group, others
Bengaluru-based healthtech startup Grow Fit has raised $4.5 Mn in Series A funding. The investment was led by Manipal Education and Medical Group (MEMG), the PE arm of Manipal Group. Existing investors, SAR Group and The Grover Trust also participated in this round. With this investment, Dr. Ranj…
Unbxd raises $12.5 m in series C from Infosys Cofounder & others
Unbxd, the cloud based product discovery platform for e-Commerce, has raised 12.5 million dollars in Series C funding led by Eight Roads Ventures, the proprietary investment arm of Fidelity International Limited, and from existing investors IDG Ventures, Inventus Capital Partners and Nirvana Vent…
IT Minister proposes special innovation zones to boost start-ups
At a meeting of the Indian technology industry’s stalwarts, the IT Minister Ravi Shankar Prasad called for greater cooperation between the government and industry and proposed setting up of special innovation zones to support start-ups better. The government estimates the digital economy to surpa…
Readying for GST: A peek inside frantic preparations for the massive revamp
India will adopt its most comprehensive indirect tax reform—the goods and services tax (GST)—on July 1. As the deadline draws closer, there is a mad rush to get ready for a revamp which most find too complex and tedious. From the government to small businesses, all stakeholders are anxious for a …
President Mukherjee bullish on start-ups & SMBs to “fully utilise” demographic dividend
With India on the cusp of creating 50 million jobs by 2020, President Pranab Mukherjee has further laid his trust on start-ups and small businesses. “Every year 10 million persons are entering the job market and not adequate job creation is being done. The solution has to depend on start-ups, we …
Helion’s Rahul Chandra floats a $100 m venture capital
Helion Venture Partners’ Managing Director Rahul Chandra has floated a new venture capital called Unitary Helion, which is planning to raise a $100 million fund focused on deals in the financial technology space. The move comes as Helion Venture Partners, which raised over $600 million back…
#3YearsOfModiGovt: ‘Nothing much changed on ground for start-ups’
The Narendra Modi government has made a lot of promises for entrepreneurs in India, but how many of them have really helped the startup sector is a question that begs an answer. Whatever the answer, which is detailed below, a general consensus is that it is the first government that has paid more…
Stanford Seed looks to add zing to SME growth plans
Chennai: A small and medium enterprise may be beset by typical problems: inability to scale up, finding capital, hiring top-draw talent and building skills, among others. What if the SME had the expertise of the faculty of one of the world’s top business schools who can provide strategic business…
Start-ups will be the force multiplier to catapult country into a $10 t economy by 2030: iSpirt
India, which is in the midst of a startup boom, is ready to retake its place as a top five global economy by 2030, when its gross domestic product will cross $10 trillion. Sanjay Anandram, Advisor at iSpirt, a think tank for the Indian software products industry, said India is optimising to empow…