Startups

Income Tax Scare For Startups For Issuing Preference Shares At A Premium Over Fair Market Value; Tax Experts Also Under Scanner For Valuation Of Startups

In a tax scare for startups, the Income Tax department has sent notices to startups and unlisted subsidiaries of some major Indian companies and multinationals for raising funds through preference shares in excess of what it considers the fair market value. The department has sent notices to about 200 entities under Section 56(2)(vii)(b) of the Income Tax Act, 1961, in ... Read More »

PayPal shortlists 5 fin-tech startups for India Incubator

Global digital payments company PayPal Holdings, Inc. has shortlisted five fin-tech startups for the fifth edition of its India Incubator Challenge, it said in a media statement. PayPal will be picking up an undisclosed amount of stake in each of the selected startups this year. Launched in 2013 in partnership with The Indus Entrepreneurs, the PayPal Incubator focuses on startups ... Read More »

6 Steps Towards Starting a Business

Most people merely think of launching a business and chicken out. There are too many details to figure out; so most entrepreneurs stop early in the process because they believe they don’t have the skills it takes to make it as a successful small business owner. In reality, nearly everyone has what it takes to build a thriving business — ... Read More »

Bengaluru, Delhi, Mumbai start-ups received nearly 80% of funding deals in last 5 years

Key highlights: Over the last five years, 79% of the funding deals went to start-ups based in these three cities Bengaluru and Delhi claiming the majority of the country’s 10 unicorns Bengaluru had the greatest number of deals over the past five years in India at 30% Start-ups in Bengaluru, Delhi and Mumbai together claim three-fourths of India’s start-up deals. Over the last five ... Read More »

Facebook Buys Fayteq, a Computer Vision Startup Focused on Video Editing

HIGHLIGHTS Fayteq is known for its video-editing technology Facebook can use the technology for object tracking in live videos Fayteq had sold plug-ins for video editors like ‘Adobe After Effects’ In a bid to build on its Augmented Reality (AR) ambitions, Facebook has acquired German computer vision startup Fayteq, which is known for its video-editing technology that makes it possible to add or remove ... Read More »

Tech startup FreightBro’s target: Revolutionising the trillion-dollar international freight industry

FreightBro leverages technology to enable freight forwarders to make data-driven decisions, predict changes in the market and provide better value to shippers. The bustling industrial centre of Oragadam, Chennai, houses hundreds of SMBs exporting automotive parts to Turkey, South Africa, South Korea and Europe. But their precision is plagued by transport inefficiencies and port documentation delays. The $200 billion logistics ... Read More »

1,700 Startups Will Compete For A Seat In Karnataka Govt. ELEVATE 100 Programme

Karnataka Government has received 1,700 applications for its ELEVATE 100 initiative. Of these, the top 100 startups will be shortlisted to participate in the programme. ELEVATE 100 aims at elevating fledgling startups to the level of commercial success. The programme currently focusses on a number of diverse sectors, including IT, electronic system design manufacturing, animation visual gaming & comics, biotechnology, pharmaceuticals, agriculture, ... Read More »

How can startups take the nearest exit to success

India is working hard to be counted as a mature startup hub globally. The question is whether this reputation would still hold true if the ecosystem does not see a constant stream of healthy exits across sectors. At a global level, India can be counted among the top few when it comes to startup exits. According to YourStory data, a ... Read More »

Finally, startups get a healthy dose of ‘vitamins’ B and C in 2017

Overall venture capital and private equity funding nearly doubled to $7 billion in the first half of 2017 (H1 2017) over the comparable period last year. However, the number of deals fell from 536 to 387, resulting in a higher average deal size. The euphoria of 2015 is a distant memory, as is all the talk about winter coming (or ... Read More »

Start-ups in Karnataka to receive Rs400 crore boost

A file photo. The Karnataka government will hold open houses to identify startups in Mangaluru, Kalaburgi, Mysuru and Hubli, after they had pitched their ideas to Elevate Team, said state IT and BT Minister Priyank Kharge. Bengaluru: The Karnataka government will spend Rs400 crore to ‘elevate’ 100 startups by providing them funds and mentors to help them turn their ideas into ... Read More »