The government’s much-lauded decision to repeal the controversial ‘angel tax’ will not benefit several startups because of the riders attached in the new regulation, industry leaders said. ‘Angel tax’, or tax on investments in startups, was considered regressive by a…
Tag: Investment
Asia’s richest may quench startups’ thirst for funding
The family offices of two of Asia’s richest men, Alibaba Group Chairman Jack Ma and Executive Vice Chairman Joseph Tsai, are among a fresh breed of Chinese investors exploring investments in India, seeking to replicate their successes outside their home market. While their personal investme…
Ratan Tata picks stake in e-ticketing start-up Kyazoonga
Chairman Emeritus of Tata Sons, Ratan Tata, has continued with his investments into India’s burgeoning start-up space. On June 10, he announced an investment into e-ticketing company Kyazoonga, without disclosing the financial details. Together, Tata has now crossed over 30 investments in start-u…
Discount retailer Target Corp. eyes Indian start-ups for innovation
Target Corp, the second-largest discount retailer in the U.S. is betting big on Indian start-ups. The firm, with sales of $74 billion, is incubating start-ups at an idea stage and accelerating their product roadmap through its accelerator in Bengaluru. It also makes investments in them selectivel…
Foodpanda considering another round of investments
Foodpanda.in is considering yet another round of investments this fiscal as it focuses on more human capital, new technologies and products. Saurabh Kochhar, Founder and CEO of the food-ordering application company, told reporters here on the sidelines of an ASSOCHAM event that this year the comp…
Private Banks & HFCs must play an expanded role to provide financial support to SMEs | Harshil Mehta, CEO, DHFL
Finance has typically been one of the areas of concern for the SME sector. One of India’s leading finance company, Dewan Housing Finance Ltd (DHFL), has lately expanded its portfolio by entering into SME lending segment. SMEpost.com caught up with Harshil Mehta, CEO of DHFL, in an exclusive conve…
Scheme to boost ‘Make in India’ in textile sector
Government approves ‘Amended Technology Upgradation Fund Scheme’ for Textiles industry. It will generate one lakh crore rupees investment & create over 30 lakh jobs Government has approved a scheme to boost Make in India in textiles that would help in generating Rs one lakh crore investment…