Union Minister Nirmala Sitharaman said her Ministry has recommended the Ministry of Finance to raise tax holiday for start-ups from three years to seven with a sense of constructive and positive approach, and was awaiting a response. “They (Finance Ministry) have received the recommendation…
Tag: Xiaomi
Indian start-ups’ East Asian connection
The interest of Chinese and Japanese investors in Indian start-ups continues. While established investors such as Alibaba and Softbank have been rather lukewarm this year, other investors from the two countries such as Beenos Partners, Rebright VC, Digital Garage, GMO, Tencent, Ctrip, Hillhouse C…
Indian start-up beats big firms in wearable battle
GOQii, a health care start-up, has grabbed the number one position in the wearables segment for the second quarter of calendar year (CY) 2016 with 16.1 per cent market share, leaving China’s Xiaomi behind, the latest release from International Data Corporation (IDC) said. The gain in GOQii&…
Govt to strengthen ways to fix e-commerce complaints
Government decided to add some muscle to the mechanism for resolving growing complaints against e-commerce players and warned them of stringent action for not responding to its queries on customer grievances. Nearly 46 companies, including Flipkart, Xiaomi, Olx.in and Bookmyoffer.com, have not be…
Faircent acclaimed ‘Breakthrough Brand’ by Interbrand
Faircent.com, India’s largest peer to peer lending marketplace has been acclaimed as the ‘Interbrand Breakthrough Brand in Finance’ by Interbrand. The inaugural Breakthrough Brands report is in partnership with Facebook, Ready Set Rocket and the New York Stock Exchange (NYSE). Faircent.com is the…
Mobikwik aims 5X rise in GMV in 2 years
Mobile wallet player Mobikwik aims to generate a gross merchandise value of $2 billion, on the back of reaching 150 million users in about two years’ time, up five times from its present base. The Gurgaon-based company which competes with market leader Paytm, intends to achieve this target …
Ratan Tata picks stake in e-ticketing start-up Kyazoonga
Chairman Emeritus of Tata Sons, Ratan Tata, has continued with his investments into India’s burgeoning start-up space. On June 10, he announced an investment into e-ticketing company Kyazoonga, without disclosing the financial details. Together, Tata has now crossed over 30 investments in start-u…
‘Make In India’ resonates with Chinese corporates
As India and China squabble over Beijing squashing Delhi’s move at the UN to ban Azhar Mazoor, the alleged mastermind behind northern India terrorist attacks, and New Delhi retaliates by threatening to stonewall the entry of Chinese companies into the country, the ground reality paints a far less…
Coupons website Cashkaro.com raises funds from Ratan Tata
Continuing his investment spree in Indian start-ups, Ratan Tata, chairman emeritus of Tata Sons, has invested an undisclosed amount in Gurgaon-based cashback and coupons start-up CashKaro.com. This is his third investment in start-ups this month — having invested in Tracxn, a startup intelligence…