Gujarat-based venture fund, GVFL Ltd has invested Rs 40 crore in Mumbai based integrated cold chain operator Schedulers Logistics India Pvt Ltd. Schedulers operates a fleet of reefer vehicles and temperature controlled warehouses across India. The transaction marks the second round of growth fina…
Tag: startup
Startups see uptick in funding as investors return to Hyderabad
Startups in Hyderabad are seeing an uptick in funding as investors return to the city after a hiatus caused in part by the political instability in the region. According to Tracxn, which collects data on the Indian Startup industry, 25 Hyderabad-based ventures have been funded so far this year, c…
No registration fee for Udyog Aadhar: Govt clarifies
The Government on June 20 clarified that there is no registration fee for filing Udyog Memorandum and it is the only form of registration for MSMEs in India, in view of complaints received regarding fee charged by certain agencies for facilitating the registration “It may be pointed out that fill…
New startups that meet government norms escape tax
New business entities, which meet the government-prescribed definition of ‘startups’, will no longer have to suffer the burden of ‘angel tax’. This will enable them to obtain investments from unregistered venture capital funds or high net worth individuals, without having …
Siftr magic cleaner launched in six Indian languages
Siftr Labs, founded by former Abode employees Romil Mittal and Mayank Bhagya, launched its junk cleaning app AI powered Magic Cleaner in six Indian languages including Hindi, Marathi, Tamil, Telugu, Kannada and Bengali. The move is part of the company’s strategy to reach out to non-english …
Patent office issues guidelines for startups
Indian Patent Office has issued guidelines for facilitators and startups with respect to filling and processing of applications for patent, designs and trade marks aiming to encourage budding entrepreneurs and boost innovation. As per the guidelines, a startup willing to file a patent application…
Private incubators too may be allowed to certify startups
The government’s Department of Industrial Policy and Promotion (DIPP) will issue a notification to put in place a framework to enable private incubators certify startups as part of its Startup India plan making them eligible for tax benefits and other facilities, official sources told. R…
SEBI plans to relax start-up listing norms by next month
To make start-up listing platform more attractive, regulator Sebi plans to relax norms by next month to help them tap this avenue for raising funds as also to give an easier exit opportunity to their existing investors including from abroad. The platform is aimed at providing easier exit options …
Fastfilmz to help users to send high quality movies without data to other users
Fastfilmz , a startup engaged in regional film streaming, has patented a technology that would help users of its mobile app to send high definition movies to their friends with close to no data usage and no Bluetooth in just about 10 seconds. It will be launched as an additional feature within 10…
Snapdeal establishes its data sciences centre in California
Snapdeal, India’s largest online marketplace, has established its data sciences centre in San Carlos, California, the New Delhi-headquartered company announced on May 30th 2016. The centre will act as the focal point for the online retailer’s efforts in big data and advanced analytics…