The Karnataka government says it is looking to reach and aid at least 1,000 start-ups from smaller cities and towns over the next two months. This is part of its ‘Elevate’ programme, to identify 100 of the most innovative start-ups across sectors in the state. The government is partne…
Start Up India
Qualification tweaked: Start-up India benefits to now flow for 7 years
New Delhi: The government has introduced minor changes to the startup definition, saying a business not older than seven years will now qualify for benefits under the Startup India Action Plan. So far, only companies up to five years from the date of incorporation were eligible for concessions un…
GST: Here’s how it will help your start-up
The long awaited constitutional amendment to Goods and Services Tax (GST) at last observes the light of the day. The GST bill has finally been passed in the Rajya Sabha and the nation is hoping to usher in this revolutionary move in the way indirect taxes are calculated. It is esteemed to benefit…
Redefining start-ups: Scalable non-tech businesses too eligible for recognition now
Entities having a scaleable business model, which has a ‘high’ potential of employment generation or wealth creation, can now be eligible for recognition as a start-up. Earlier, only if the activities of an entity were innovative and driven by technology or intellectual property could…
MSME financing start-up Aye Finance raises $8 m from Blue Orchard
Non-banking finance company (NBFC), Aye Finance has raised $8 million from Blue Orchard, a leading global impact investment manager. The funds were raised through NCDs (non-convertible debentures) with a maturity period of five years. Aye Finance says it is committed to transforming micro and sma…
Startup India Summit in UAE showcases technological prowess of India’s entrepreneurs
There was considerable excitement among the participants as the first Startup India Summit kickstarted in the United Arab Emirates. It provided a glimpse of some of the technological achievements of India’s younger generation of entrepreneurs. While opening the event, Navdeep Singh Suri, Indian …
How GST will reshape Indian start-up industry?
July 1, 2017 will be regarded as the ‘Red Letter Day’ in the history of India for the much awaited legislative reform, Goods and Services Tax (GST) will come into effect. Touted as the biggest legislative reform since Independence, the legislation has initially created apprehension in the minds o…
Startup Bootcamp India to help aspiring entrepreneurs grow their businesses
About 70% of India’s population lives in rural areas, which makes access to higher education, healthcare, or even running water difficult to come by, yet it is a country booming with entrepreneurial zeal. It is a combination of ingenious resourcefulness along with a strong sense of community and …
ItzCash raises Rs 800 cr, gives exits to Matrix, Intel Capital, Lightspeed
Bengaluru: Mumbai-based fintech company ItzCash has raised Rs 800 crore from US-based Ebix Inc, a global insurance SaaS company. Ebix has acquired 80 per cent stake in the company, thus valuing Itzcash at $150 million and giving exits to early investors Matrix, Intel Capital and Lightspeed Ventur…
Ed-tech start-up Genext Students raises pre-Series A round
Genext Students Pvt. Ltd, which runs an eponymous tutoring platform combining online, mobile and physical modes, has raised $580,000 (about Rs 3.75 crore) in pre-Series A funding from undisclosed investors, a company statement said. The startup will use the funds to ramp up the team, upgrade tech…