Getting millions of rural Indians online, organizing sectors like pharma and logistics, and utilizing Jan Dhan Yojana, Aadhaar and mobile phones are three areas that entrepreneurs can tap into to build sustainable businesses, said former Unique Identification Authority of India (UIDAI) Chairman N…
Tag: Start-ups
Online startup UpGrad ties up with LetsVenture to offer angel investing course
UpGrad, an online education startup co-founded by entrepreneur and private investor Ronnie Screwvala, has tied up with the online deal making platform LetsVenture to introduce an angel investing course. “In the discussions with LetsVenture, we realised that there are a large space of indivi…
Seed funding for startups to be in thick of action in 2016 | VCCircle survey
A majority of venture capital funds believe that the seed stage of funding for start-ups will see maximum activity during the year while the average deal size will be between $1 million and $5 million, a survey says. According to a survey by News Corp-owned VCCircle Network, the year will not be …
Start-ups up to Rs 25 Cr turnover to get tax sops
A company with an annual turnover of less than Rs 25 crore in the first five years will be eligible for conditional tax breaks and other incentives under the government’s start-up policy. According to the definition notified by the department of industrial policy and promotion (DIPP), an entity …
97% Start-Ups to go on a hiring spree this year | Report
Over 90 per cent of start-ups will go on a hiring spree this year, with 28 per cent of the jobs being allocated to strengthening their technology teams, a report released by InnoVen Capital said. “More than 5,000 jobs are expected to be created by 130 start-ups in the next 12 months,”…
‘Silicon Valley Spirit’ guides policy-makers, Start-Ups look for a deal
Start-ups have little doubt that this Union Budget will deliver. But they are keeping their fingers crossed for much more; they hope their freedom is not curtailed by reams of policy. Setting the tone, Prime Minister Narendra Modi had decisively looked at Finance Minister Arun Jaitley at Vigyan B…
Nasscom 10,000 Startups Announces Winners of ‘Code for the Next Billion Program’
NASSCOM 10,000 Start-ups announced the selection of 10 start-ups for the Code for Next Billion Program. These Startups are Wallet Guru, Light Vision, Perpignon, Kid Nurture, We-Share, I-We, Huehealth.com, Technovent, Padmavati Agro, and Redoctype. This is an inclusive program that aims to promot…
Raising funds, tapping talent may get easier for start-ups
Taking the Start-up India drive a step ahead, the Companies Law Committee has laid out a bunch of recommendations that specifically address issues relating to start-ups, in its draft recommendations submitted on February 1. At present, the fund raising limits for start-ups during the initial five…
Start-Up India: Coffee entrepreneurs to brew success with Govt help, VC Funds
Coffee entrepreneurs, coffee shop start-ups, and roasters from across the country would soon get the backing of caffeine-buzzed venture capitalists, and some essential help from the government. The Ministry of Commerce and Industries has asked the Coffee Board of India to identify certain start-u…
SBI launches specialised branch for Start-ups
State Bank of India (SBI), India’s largest lender, on January 14 opened a specialized br—SBI InCube—that will cater to the specific financial needs of start-ups in Bengaluru. The branch will assist start-ups in cash management, taxation, regulations, foreign exchange and remittances, mentoring, a…