India is planning to organise a meet of start-ups of the South Asian region for exchange of new ideas and promoting interaction among them. Commerce and Industry Minister Nirmala Sitharaman also sought views of Indian start-ups to hold this programme. “I will be working towards having a SAARC (So…
Start Up India
Ministry of Corporate Affairs notifies operational & compliance relaxations for start-ups
In its bid to boost the ecosystem for start-ups, the Ministry of Corporate Affairs (MCA) has notified a slew of operational and compliance relaxations. Key among them is the ability to raise deposits from members, with exemption from procedural compliance for an extended period of five years. …
Kerala IT Secretary proposes govt partnered funding system for start-ups
Kerala’s IT Secretary M Sivasankar has proposed to set up a government partnered funding system for startups. The announcement was made during the two day (June17-18) ‘Seeding Kerala-2’ meet. The conclave was organised by Kerala Startup Mission (KSUM) in partnership with Let’sVenture, Konglo Vent…
Nirmala Sitharaman offers Rs 1.18 cr from MP fund to Mangaluru start-up incubator
Union Minister of State for Commerce and Industry Nirmala Sitharaman announced here on June 16 she will contribute Rs1.18 crore from her Member of Parliament Local Area Development fund, to a start-up incubation centre to be set up in Mangaluru. The Dakshina Kannada district administration and th…
Better late than never: IT parks & start-up incubators may soon be a reality in Agra
Seventeen years after a plan to develop an Information Technology (IT) park in the City of Taj was made, the project may finally take off. Now, the Yogi Adityanath-led government in Uttar Pradesh is working towards establishment of IT parks and start-up incubators in major cities such as Agra, Me…
Zone Startups India joins country’s VC funding club
In what seems to be a slow but steady change in the investment tide for the start-up ecosystem, a slew of early-stage funds have been launched since the start of this year. The latest to join the club of new early-stage venture capital funds is private accelerator Zone Start-ups India. The Zone S…
Food start-up, wegan foods gets funded by her highness Sheikha Arwa Al Qassimi
Wegan Foods, a Mumbai based food startup has raised an undisclosed sum in funding from Her Highness Sheikha Arwa Al Qassimi, a member of the royal family of Sharjah and Ras Al Khaimah. Wegan Foods is soon to launch a range of healthy, dairy-free, pantry staples for the growing vegan communit…
Startup India can improve rural transportation system in Jharkhand: CM Raghubar Das
Jamshedpur: Chief Minister of Jharkhand, Raghubar Das has appealed the youths belonging to Scheduled Castes and Scheduled Tribes to become job creators through the Startup India Action Plan. There is a shortage of bus services in rural areas of the state, for which 400 buses will be provided to y…
How cloud telephony evolved as part of India’s start-up culture
It all began back in 2008, when Google stepped into cloud services and started hosting their services at very feasible prices to start-ups. This in turn, paved the way for many startups to adopt and render cloud based services at affordable prices to small medium enterprises (SMEs). That’s one of…
Faster insolvency: New process in place for start-ups, small cos
The Insolvency and Bankruptcy Board of India (IBBI) has notified provisions to expedite the resolution process of default cases of small companies and start-ups within 90 days, according to an official statement. Currently, the Insolvency and Bankruptcy Code (IBC), under which the IBBI was set up…