Angel investor networks and startup industry bodies have come together to form a unified startup coalition, seeking the removal of the “angel tax” through recommendations to the Department of Industrial Policy and Promotion (DIPP). There is a growing concern after the income tax depar…
Tag: Nasscom
Budget 2017: Start-up bodies appeal for relaxations in tax policies
Prominent startup industry bodies including Indian Angel Network, NASSCOM, Indian Venture Capital Association, TiE and Mumbai Angels have jointly appealed to the government to review taxation policies that adversely impact the startup ecosystem. “Startups have been facing practical difficul…
Budget 2017: Tax breaks for PEs, VCs, angel investors & hedge funds?
Finance Minister Arun Jaitley may propose to create a favourable tax environment for venture capitalists (VCs), private equity (PE) firms, angel investors and hedge funds as part of the broad strategy to ease fund flow to start-ups and small businesses. The measures, likely to be announced in the…
Eight Indian Start-ups graduate from CISCO Start-up Program
Global hardware networking giant Cisco said that eight Indian startups have graduated from its startups program – Cisco LaunchPad. These starups are AlgoEngines, VuNet, Teslon, Torchfi, Navstik Labs, HaltDos, Astrome and IQLECT. Over the four-month at Cisco’s Bengaluru campus, these startups comb…
SIDBI inks pact with LIC to boost venture capital ecosystem
Small Industries Development Bank of India (SIDBI) said it has tied up with Life Insurance Corporation of India (LIC) for augmenting capital support to enterprises in the country. The idea behind tying up with the state-run insurance behemoth is to give a boost to the venture capital ecosystem fo…
2017: A new agenda for start-ups will get India to the 10% growth rate mark
The last two years have seen a slew of initiatives and agendas announced by the government—starting with the National Digital Literacy Mission with its worthwhile agenda of enabling one person in each Indian family to have digital skills, we have seen Swacch Bharat Abhiyan, Make in India, Start-u…
Gurgaon gets its first start-up incubation hub
Haryana Chief Minister Manohar Lal Khattar launched Gurgaon’s first incubation centre on December 25 during an event organised to observe Good Governance day at Haryana Bhawan in the capital. Termed as ‘innovation campus’, the centre in the city that works on a plug-and-play mod…
Mayabious | Unraveling the art of Maya
It was long before the idea of start-ups came into being, when a dreamer Akhil Paul, as he defines himself, came up with a venture to give the world a new experience in digital virtuality, and that is when ‘Mayabious’ – Maya Obvious – came into existence. It was in the year 2007 when Akhil, [&hel…
IAN invests close to $50 mn in start-ups during 2016
India’s largest angel association Indian Angel Network (IAN) invested close to Rs 340 crore in seed and early stage deals during 2016. The network invested in about 30 deals, averaging three deals a month, many of which were follow on rounds in existing portfolio startups. IAN has a members…
Start-ups need constant reinvention: Manish Choudhary, Pitney Bowes India
New Delhi: This has been a tough year for start-ups—grappling with multiple challenges from funding squeeze to valuations downgrade. In an e-mail interaction, Manish Choudhary, senior vice president, global innovation & Managing Director, India, Pitney Bowes discusses the start-up ecosystem i…