RIL Chairman Mukesh Ambani announces Rs 5k cr start-up fund ‘Jio Digital India Startup Fund’ to invest in digital businesses
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Tag: Flipkart
How to make GST work for small firms
The GST exemption limit should be raised to Rs1 crore. Concessions should extend to exports, inter-State sales and e-commerce
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Readying for GST: A peek inside frantic preparations for the massive revamp
India will adopt its most comprehensive indirect tax reform—the goods and services tax (GST)—on July 1. As the deadline draws closer, there is a mad rush to get ready for a revamp which most find too complex and tedious. From the government to small businesses, all stakeholders are anxious for a …
Trend Tracking: Small fashion e-Tailers stitch together new categories
Several second-rung online fashion retailers are introducing categories not core to their businesses expecting to seize a little more of the market not captured by Flipkart and its units or Amazon. But analysts say they might be merely grasping at straws. Flipkart, along with its fashion units My…
B2B’s time has come: Rajan Anandan, VP, Google India
Ace angel investor and Vice-President, Google India & South East Asia, Rajan Anandan talks about the challenges in the start-up environment in India. Edited excerpts: Q: Are investments hard to come by? A: Two things are going on. At very early stage the pace has not changed. Early stage inve…
Small e-Comm vendors will have to pay GST upfront
New Delhi: Budget hotels and small-scale vendors registered on e-Commerce sites such as Airbnb, Flipkart and Amazon will have to pay tax upfront under the goods and services tax (GST) regime when they receive payments, even if they fall in the exempted category. That’s because all vendors r…
Logistics start-up Delhivery secures $30 m from Fosun International
Gurugram-based e-Commerce logistics firm Delhivery has secured $30 million (Rs 194 crore) in funding from Chinese international conglomerate Fosun International. This additional investment is a part of the bigger equity financing round that saw a $100 million funding from The Carlyle Group, earli…
Startup India: Centre needs to think scale like it did with Aadhaar
Digital India, Startup India and Make in India are synonymous in some sense as the visible thrust from the government has raised awareness and focus on startups. Within months of the government coming to power in 2014 there was a complete change in sentiment. Last year, IDG Ventures India saw 2,8…
Unethical business conduct a major reason for Indian start-ups’ failure: IBM
Almost two-thirds of 100 venture capital (VC) investors — 64 per cent — polled in an IBM study claim ‘unethical business conduct’ is a major reason for start-ups failing in India. In response, entrepreneurs and industry experts argue that the issue is not so much to do with “unethical business co…
Funding Revival: Chinese & US tech corporates re-energise Indian start-ups
There’s a start-up funding revival in 2017, and it is being driven by Chinese and US tech companies. In 2015, it were hedge funds and pension funds that played a big role in large funding rounds, and it was their retreat that led to the slowdown of 2016. But now, corporate funds have come t…