On-demand cleaning services provider MyDidi has acquired peer TimeMyTask in an all stock deal. The Mumbai-based company will absorb all the employees and the technology stack of TimeMyTask through this deal, which values the merged entity at $10-15 million. This is MyDidi’s first acquisitio…
Start Up India
Utkarsh Micro to focus on affordable housing, MSMEs: CEO
New Delhi Newest small finance bank Utkarsh Micro Finance will focus on affordable housing and MSME segments and target more retail customers to expand its deposit base, a top company official said. Varanasi-based Utkarsh started its small finance bank (SFB) operations last week with five branche…
IKP plans to setup 5 start-up incubation hubs in Karnataka
Hyderabad-based IKP Knowledge Park is planning to establish five startup incubation hubs in tier-II cities of Karnataka. Already, it has created an incubation facility in Bengaluru with an investment of Rs 8 crore, raised from Karnataka government. IKP is in the process of raising Rs 31 crore fro…
Here are the 10 startups chosen for India’s first ‘Startupbootcamp FinTech’
FinTech is at the forefront of the transformation in the financial industry and is changing the way value and ownership is exchanged, the risk is managed and transactions are performed. While this transformation is taking place across the globe, India’s growing economy and large and under-t…
Budget 2017: Internet companies ask for removal of ‘Google tax’
India’s internet companies are raising their voice against the equalization levy also termed ‘Google tax’ that was imposed in last budget even as the finance minister is expected to widen the tax net for such a levy. Internet and Mobile Association of India (IAMAI) which has members s…
Year after Startup India was launched; tax relief for start-ups fails to begin as states go slow
Less than a third of the 36 states and union territories heeded (until the second week of January) the central government’s request to relax inspection of start-ups under certain labour laws in initial years, even around a year after the Start-Up India programme was launched. Despite an aggressiv…
IITs fourth largest producer of unicorn start-ups in the world
Chennai: If you aspire to create a billion-dollar business in India, one of the IITs is your best bet. Sage, a UK-based accounting and payroll company, stated this in a research released on January 28. In a study that lists universities that have produced the most unicorn founders, the Indian Ins…
Hubballi to host India’s biggest start-up incubation
Hubballi: Indian-American entrepreneur, philanthropist and venture capitalist Gururaj Deshpande is setting up India’s biggest startup incubator in Hubballi, about 400km from Bengaluru. The 82,000-sqft facility is expected to open in September. It will have the capacity to seat over 1,200 pe…
Cisco’s AppDynamics deal may pave way for unicorns
It was supposed to be the first technology initial public offering (IPO) of 2017. Less than a day before AppDynamics Inc. was set to price its shares on January 25, a group of employees and investors boarded a plane to New York City to attend the traditional bell-ringing ceremony for new listings…
Budget 2017: Will demonetisation woes be soothed by budget?
After the government suddenly pulled the rug out from under the country by banning the Rs. 500 & Rs. 1,000 notes, everyone has been hoping the budget (due on 1st Feb) will soothe the pain and hardships felt by the public. What about startups? What can we expect in the budget? One of the key […