Startups

Here are the Indian startups that may join the unicorn club in 2018

The multi-billion-dollar funding rounds in Flipkart, Paytm and Ola in 2017 camouflaged not just the fact that overall venture capital funding for Indian startups drastically declined but also that not a single company joined the list of unicorns–a startup valued over $1 billion. It was in August 2016 that a company had last entered the country’s small club of unicorns. ... Read More »

Paypal founder and early Facebook investor Peter Thiel bets big on Bitcoins

Bitcoin has gained global fame in the past year, but it’s been popular at Peter Thiel’s venture firm since at least 2012. Founders Fund, Thiel’s San Francisco-based firm known for early bets on SpaceX and Airbnb, has been purchasing small amounts of bitcoin in recent years, totaling no more than $20 million, to establish a “toehold” in the space, according to a person with ... Read More »

Startup Watchlist: 11 Indian IoT Startups To Watch Out For In 2018

This article is part of Inc42’s Startup Watchlist annual series where we list the top startups to watch for 2018 from industries like AI, IoT, Blockchain etc. Explore all the stories from ‘Startup Watchlist’ series here. Once used as a tool for an application, Internet of Things (IoT) has become one of the widest ecosystems today. Currently at the centre stage ... Read More »

Ola acquires Foodpanda to enter food delivery business in India; to invest another $200 million

Ola’s rivalry with Uber has just entered a whole new dimension. Seven months after Uber launched its on-demand food delivery app UberEATs in India, Ola on Tuesday announced that it will acquire Foodpanda’s India business. In the bargain, the food delivery business in the country is likely to get a big boost, much to the delight of couch potato foodies. ... Read More »

Nextiva CEO Introduces NextOS, Offers Tips for Better Customer Experience

Tech tools can help you create great customer experiences. And a new platform from Nextiva, NextOS, aims to help businesses do just that. NextOS is an all encompassing operating system for businesses. It includes a CRM system, chat function, survey platform, improved analytics and more. And it’s all accessible from one central dashboard, so businesses can make sure that all ... Read More »

Despite slowdown, fewer start-ups are shutting down. Here’s why

Stayzilla, Taskbob, RoomsTonite, Eatonomist are the prominent start-ups that shutdown in 2017. Graphic: Mint Bengaluru: While the number of start-up launches has declined sharply in the first nine months of the year, the severe slowdown in entrepreneurial activity has resulted in another phenomenon that highlights the risk-averse sentiment that is sweeping through India’s internet and technology start-up ecosystem: fewer start-ups are ... Read More »

Startups among finalists for AppsAfrica Innovation Awards

The annual awards are now in their third year, and attracted over 300 submissions from 31 countries. Kenyan emergency response startup Flare and Nigerian fintech startup Kudi are nominees for the Best Social and Messaging Award, alongside US solution Juntos, South Africa’s 1Fetch and Nigeria’s Wetin Dey. Nigerian e-health startup Medsaf is nominated for the Disruptive Innovation Award. alongside the likes of South Africa’s What3Words and Tanzania’s Trend Solar, while Ghana’s Asoriba earns a nomination for ... Read More »

Nigeria’s TBCA is connecting startups with Big Four consultants

Consultants from the “Big Four” consultancy firms very rarely stoop to assisting startups, given the lack of budget of smaller companies. That being the case, Nigerian startup TBCA.ng is looking to bridge the gap, connecting on-demand independent consultants with clients that need projects completed. All its independent consultants have experience at Big Four firms as well as the likes of Accenture and ... Read More »

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 »