Talent Litmus was founded in 2016 by Arora along with Kiran Wadhwa, who has vast experience of media industry and deeply connected to corporate world.
Raymond had already enrolled 2500 retailers across India and has been running pilot tests for more than four months, including Ahmedabad and Surat, which are one of the largest cloth/textile traders’ hubs.
Recently, Lucideus entered into an agreement with the Bombay Stock Exchange to secure the bourse’s over 1,000 brokers from cybersecurity risks.
Sunil Goyal, its managing director, told ET that the firm has already identified some such startups and is hunting for more, as he believes the next wave of growth in startups will be in this sphere.
Earlier on January 2, the committee of creditors to Essar Steel, led by the State Bank of India, filed an application at the National Company Law Appellate Tribunal (NCLAT) seeking the disposal of the insolvency case within the next three weeks.
The fund will be deployed for enhancing technology and expanding its footprint in the market.
Founded in 2016 to cater to startups & SMEs, Ahmedabad-based Legalwiz.in enables legal, financial, corporate & taxation compliances.
About a week after the government sought to calm an agitated industry, the tax authorities have started issuing demand notices to startups to pay the angel tax by end-March.
HPCL will also be on the board of directors of the company, as per the terms of the deal.
Taxmen want to know how valuation was computed for businesses that often weren’t making any money.
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