RIL Chairman Mukesh Ambani announces Rs 5k cr start-up fund ‘Jio Digital India Startup Fund’ to invest in digital businesses
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Tag: Venture Capital
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…
Tech funding soars in India: CB Insights
Venture capital funding has roared back in 2017 in Asia after a slowdown in 2016. Technology funding in India has also jumped, according to the ‘Asia Tech Investment Report’ by CB Insights, a data intelligence platform. Highlights from the report: $106 billion invested across 5,019 deals since 20…
IFC to invest $20-60 mn in Indian start-ups
International Finance Corporation (IFC), a member of the World Bank group, is the largest global development institution focussed exclusively on the private sector in developing countries. Ruchira Shukla, Regional Lead, South Asia, Venture Capital, IFC, spoke about the new fund’s investment plans…
सरकार की स्टार्टअप योजना की धीमी रफ्तार, नई कंपनियों को दिए गए सिर्फ 5.66 करोड़ रुपये
राष्ट्रीय जनतांत्रिक गठबंधन (राजग) सरकार द्वारा स्टार्टअप इंडिया पहल शुरू किए जाने के बाद नई नवेली कंपनियों को सिर्फ 5.66 करोड़ रुपये ही दिए गए हैं। सरकार ने इस योजना के तहत स्टार्टअप को 10,000 करोड़ रुपये कर्ज देने का वादा किया था। प्रधानमंत्री नरेंद्र मोदी ने 2015 के स्वतंत्रता दिवस के भाषण में…
स्टार्टअप्स में निवेश करने वाले PE और VC फंड्स को टैक्स में छूट मिलेगी
स्टार्टअप में पैसा लगाने वाले प्राइवेट इक्विटी (PE) और वेंचर कैपिटल (VC) फंड्स को टैक्स में छूट मिलेगी। अनलिस्टेड शेयरों से होने वाली इनकम के ट्रांसफर को बिजनस इनकम नहीं बल्कि कैपिटल गेंस माना जाएगा, भले ही उससे कंट्रोल ट्रांसफर या मैनेजमेंट चेंज हुआ हो। ऐसे मामले में कई फंड्स को इनकम टैक्स अथॉरि…
Govt planning to overhaul Rs 10k cr start-up fund
The department of industrial policy and promotion (DIPP) is set to overhaul its Rs10,000 crore start-up funding scheme by allowing venture capital (VC) funds to invest half of the corpus in start-ups and the rest of it in firms at a more mature stage to reduce capital risk. The VC funds that mana…
Venture capital world preparing for a tough year; here’s why
On the face of it, things in India’s venture capital market look good. In a year of valuation markdowns and shuttering startups, venture capital firms managed to mop up a record amount of capital. Led by local affiliates of Silicon Valley heavyweights, Sequoia Capital and Accel, VC funds dedicate…
India has five years to build strong research led IT: Nasscom, VP Industry Initiatives
Software lobby group Nasscom is looking at expanding the number of start-ups in India, incubating and nurturing them to grow at its centres. While the target is to reach 10,000 start-ups, the focus is also to build specialised start-ups in emerging technology areas. “So one of the outputs o…
Not Chinese but uniquely Indian companies will steal show: Accel’s Mitra
Homegrown companies, which play to Indian strengths, will soon start emerging as leaders in their business segments, according to one of the country’s top venture capital investors. Subrata Mitra, the partner at Accel Partners, who was the first investor in the country’s largest onlin…