The government is considering a proposal to raise the tax holiday for start-ups from the current three years, aimed at further boosting an eco-system for budding entrepreneurs and job seekers, which could be announced in the coming Budget. Although the Department of Industrial Policy and Promotio…
Tag: Flipkart
Rural start-up market: What they should learn from grown start-ups
A few weeks ago, the founder of Flipkart suggested the government find ways to curb foreign rivals. Meanwhile, Jeff Bezos, whose firm he aped, met Donald Trump and pitched he was “super excited about the possibilities this could be an innovation administration”. The difference in the public stanc…
How India’s top start-ups are expected to perform in 2017
2016 was a year of rationalisation for Indian startup sector as most big investors spent cautiously unlike in 2014 and 2015 when it saw a new high in terms of irrational investments. In 2016, companies in sectors such as food-tech and hyperlocal logistics who were sustaining operations on externa…
Level playing field for Indian & foreign start-ups: Karnataka IT Minister
Karnataka IT Minister Priyank Kharge said the government provides equal opportunity to all startups, and there is a level playing field for Indian and foreign startups alike. Commenting on the lack of a level playing field for Indian startups, Kharge said, “Nothing is preventing any Indian startu…
Start-up GoBolt looks to bring efficiency to fragmented transportation industry
The transportation industry in India is largely fragmented and disorganised. However, analysts and various stakeholders say that proper infusion of modern technology can bring in several degrees of efficiency. A case in point: GoBOLT, a tech logistics start-up, which strives to deliver freight ef…
Booming Indian start-up industry fails to fill policy void
More than 120 startups have been created by former employees of online shopping portal Flipkart and 36 by ex-employees of its subsidiary Myntra, according to the Tracxn database. The Flipkart economy of 156 startups is a microcosm of the local ecommerce ecosystem that has bloomed in less than 10 …
e-Commerce cos grow revenues, but losses skyrocket
Even without the curbs imposed on them, e-retailers don’t seem to have made too much money in FY16. While for some companies, the losses doubled, for others, it trebled, indicating many of them are simply buying revenues. In other words, they are driving sales by offering customers big discounts …
Why start-up nationalism in India makes sense in the age of Trump
Why did the US-led Allies win the Second World War against the Nazis? Sir Ian Jacob, an aide of the war-winning British Prime Minister Sir Winston Churchill, famously replied, “Because our German scientists were better than their German scientists.” In India’s new startup war involving global wan…
Start-up funding declines, but no let up in deals
India’s start-up ecosystem may have seen a fall in funding this year, but there’s been almost no let-up in the number of deals, highlighting that investor appetite is still strong. Start-ups have attracted roughly $4 billion in funds so far this year, down from a heady $7.55 billion in 2015, whic…
Tough time for Indian start-ups
As 2016 draws to a close, Flipkart, the country’s most valuable internet start-up, is courting the dividing line between success and failure. It once commanded an eye-popping $15 billion valuation, but repeated markdowns threaten to push it down. Marquee investors like Morgan Stanley and Vanguard…