Bengaluru: Values and perseverance, ambition and vision are attributes that entrepreneurs must possess in plenty, according to a galaxy of stalwarts who gathered to celebrate the spirit of enterprise at India’s de facto startup summit in Bengaluru on August 18. Even as they lauded the role …
Tag: Sachin Bansal
Encouraging signs of more domestic capital in the start-up ecosystem: Nandan Nilekani
Bengaluru: At a time when foreign capital primarily continues to fund India’s startup ecosystem, Nandan Nilekani, former chief executive of Infosys Technologies, pointed out that there were signs that domestic investors were beginning to weigh in as well. The architect of Aad…
I want every rich Indian to start investing in start-ups: Paytm’s Vijay Shekhar Sharma
43-year old Vijay Shekhar Sharma who runs e-commerce firm Paytm backed by Chinese investors, on Thursday said that India’s traditional business houses should start investing in domestic startups. He added that Indian entrepreneurs need foreign investors largely because of the lack of availa…
Decoding GST: How it will impact Indian start-ups
Even as the government is still deliberating on the list of over 5,000 goods that will be taxed under the upcoming Goods and Services Tax (GST), Indian start-ups have welcomed passage of the Bill, which they feel will simplify conduct of business. Start-ups believe it will simplify taxation in th…
GST: Why TCS on e-tailers doesn’t make sense
Amidst fierce rivalries, lobbying about a “level playing field”, arguments on the dumping of foreign capital, and the Indian versus multinational debate, it was fun to watch the chiefs of India’s top three e-tailing companies come together for another level-playing field talk. A…
Flipkart, Amazon & Snapdeal join hands, flag concerns over GST
In a rare sight, top bosses of country’s major e-commerce players – Flipkart, Amazon and Snapdeal shared dais to raise their concerns over the draft Model GST Law. The draft proposes a clause called ‘Tax Collection at Source’ (TCS – Section 56). Under this, e-commerce marketplaces will have to de…
After a slow 2016, e-tailers expected to grow faster in 2017
The e-retail market in India is expected to regain growth after witnessing a blip in 2016 to become USD 80 billion sector by 2020, said a report by Redseer Consulting. According to the report the companies are heavily banking on 2017 and a lot is riding on ability of the e-tailers to grow their c…
Rural start-up market: What they should learn from grown start-ups
A few weeks ago, the founder of Flipkart suggested the government find ways to curb foreign rivals. Meanwhile, Jeff Bezos, whose firm he aped, met Donald Trump and pitched he was “super excited about the possibilities this could be an innovation administration”. The difference in the public stanc…
Level playing field for Indian & foreign start-ups: Karnataka IT Minister
Karnataka IT Minister Priyank Kharge said the government provides equal opportunity to all startups, and there is a level playing field for Indian and foreign startups alike. Commenting on the lack of a level playing field for Indian startups, Kharge said, “Nothing is preventing any Indian startu…
Booming Indian start-up industry fails to fill policy void
More than 120 startups have been created by former employees of online shopping portal Flipkart and 36 by ex-employees of its subsidiary Myntra, according to the Tracxn database. The Flipkart economy of 156 startups is a microcosm of the local ecommerce ecosystem that has bloomed in less than 10 …