Ex-IT Minister Kharge joins startup fund as advisor
The fund will focus on tech businesses such as security, semicon and embedded devices.
Starved of openings, Chinese Cos cross Great Wall to India
Fewer Chinese startups going public, uncertainty after trade spat with US & soberi...
Pepper raises Rs 2.2 crore from Snapdeal founders' Titan Capital, other investors
Founded in November 2017 by then second-year BITS Pilani st...
Former legal head of Ola joins PE firm Myanmar Strategic Holding as legal head
An alumnus of Campus Law Centre, the University of Delhi from 2001 batch, Sharma had started his career as practising lawyer in the Delhi and later had joined law firms Kesardass B. & Associates and FoxMandal Little for around a decade.
Indian angels aim for sky in US startup ecosystem
India-based angels have also backed up and coming ventures such as app analytics platform App Annie, drone logistics network Matternet, automation software company Puppet and construction technology startup Icon, among others.
Startup fraternity lauds ESOP changes & investment clearance cell, some find it lackluster
According to Geetika Dayal, Executive Director, TIE Delhi-NCR, the startup community had been waiting with bated breath to receive some relief from the taxing of employee stock ownership plans (ESOPs).
New funding avenues open up for enterprising startups
GetVantage, Spring Marketing, Drip Capital, OfBusiness and 100x.vc, as well as corporate investment arms Next47 and Sony Innovation Fund, among others, offer startups targeted expertise beyond cash to grow their business.
Government to launch 10-in-1 form for starting business faster
With the help of the new form, which is to be rolled out on February 15, the government hopes to reduce the time taken as well as the cost for registering a company that was estimated at around 4 hours in December-January.
Social gaming startup Rooter to play user content to get more on board
In its new avatar, Rooter will allow fans to not just upload audio and video content, but also go live during the matches to comment & analyse for their followers.
Startups cutting employee costs
Oyo, Ola, Paytm, Quikr, Zomato and Rivigo have handed out pink slips or are likely to.
Airbus signs contract with Bengaluru startup
Traxof’s cloud-based, automated desktop and mobile-based solution provides real-time visibility and monitoring of recruitment processes to support the planned ramp up of IM resources, especially in India for Airbus’ digitalisation.
Established automakers collaborate with new age firms for future mobility solutions
Service provider Reliance Jio showcased at the expo its technology developments that connect vehicles to the cloud and can be used for wireless information exchange. The company is yet to commercialise these technologies. Telecom companies see great opportunity in collaborating with carmakers to provide wireless communication as vehicles get more and more connected, experts said.
Startups: Waiting for regulatory relief
Entrepreneurs want a stable policy environment, a longer time horizon to carry forward losses and to pay taxes on ESOPs only during sale. To raise funds, startups tend to approach a large number of venture funds – sometimes up to 400. However, under Section 42 of the Companies Act, if a startup sends information to more than 200 investors, it is deemed to be a public company.
Budget defers tax on stock options by 5 years, but is silent on double taxation
Startups have long demanded that tax on Esops must be levied only at the time of sale and not at the time of vesting, as valuation of new ventures remains volatile even as opportunities to sell are rare.
KSUM to hold summit for promising startups
The event envisages funding those upstart businesses that have outstanding ideas and models but are financially struggling to hit the market.
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