One of the underlying principles of the GST has been to reduce the layers of taxation and complexity for small businesses so that such entities can focus more on their core business rather than worry about compliance. One of the many benefits of goods and services tax (GST) is that it is aligned …
Start Up India
Start-up Clip App raises $1 m from India Quotient, Shunwei capital
The start-up will utilise the newly raised capital to enhance features for the video only app.
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Online grocery start-up Jumbotail raises $8.5 m in funding
Jumbotail, an Indian start-up building an online wholesale marketplace for groceries, has raised $8.5 million in a funding round led by venture firm, Kalaari Capital with the participation of Nexus Venture Partners. The Bengaluru-headquartered company will use the new funds to enhance technology …
Blume Ventures backs cloud start-up Minjar
The firm provides a cloud platform that helps companies manage operations. It has around 90 employees.
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Mumbai-based tea start-ups to set up stores, cafes overseas
Tea Trails currently has a pan-India presence with 35 outlets and has adopted a franchise model to expand its operations.
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K’taka Govt launches Rs 400 cr worth ‘Elevate 100’ program to mentor start-ups
The government has started to receive applications for the program from July 4, and applications will be closed on July 18 which will be followed by a demo event in August, 2017.
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India & Israel launch ‘Innovation Bridge’ to mentor start-ups & innovators
The platform will facilitate interaction between Israeli and Indian innovators, relevant stakeholders, and key ecosystem partners.
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Niti Aayog to provide financial aid to ‘Atal Incubation Centres’
In its first round of funding for Atal Innovation Mission (AIM), Niti Aayog will provide financial assistance to ten institutions for installing incubation centers.
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Telangana to handhold Goa in improving IT ecosystem to promote start-ups
A Goa delegation led by IT Minister Rohan A Kaunte, now on a two-day visit to the State, visited TASK (Telangana Academy for Skill and Knowledge) office, STPI-Hyderabad (Software Technology Parks of India), several IT companies, start-ups and animation studios in Hyderabad.
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Moglix raises $12 m in Series-B funding to fuel expansion & technology development
Moglix, a leading B2B e-Commerce start-up that is digitally transforming supply chain of manufacturing sector in India, has announced closing of Series B round of funding at $12 million. The round saw participation from International Finance Corporation (IFC), a member of the World Bank Grou…