Startups

Beyond Angel Tax, what does freedom truly mean for Indian startups?

As India gets ready to celebrate its 73 years of independence, the startups in the country have also got an early gift in terms of liberation from Angel Tax. The Central Board of Direct Taxes (CBDT), in its notification on August 10, made it crystal clear that startups and angel investors would not come under the purview of this dreaded tax anymore. ... Read More »

Amazon Web Service to help startups in social sectors

KOLKATA: Amazon Web Services (AWS), a division of Amazon Internet Services Private Limited, will help start-ups in the social sector like education, healthcare, agriculture, e-governance and MSME by providing them with learning content and promotional credits. Rahul Sharma, president-public sector (India) of Amazon Internet Services Private Limited, said that the initiative is a part of AWS’ global programme which focuses on providing ... Read More »

Signed, sealed, Delhivered: ET Startup Awards 2019 zeroes in on the best of Indian startups

ET Startup Awards Jury: Standing (L-R): Ashish Hemrajani, Satyan Gajwani, Sriharsha Majety, Rahul Mehta, Sachin Bansal, Ritesh Agarwal; Sitting (L-R): Renuka Ramnath, Uday Kotak, Amitabh Kant, Dilip Khandelwal BENGALURU: Logistics and supply chain services company Delhivery won top honours at India’s biggest awards for startups, joining peers distinguished by technical and entrepreneurial prowess. A distinguished jury led by Uday Kotak, managing director and chief executive ... Read More »

India’s unicorn startups are more like workhorses

India’s four largest unicorn startups are in the areas of online payments, e-commerce, ride-hailing and education China has seen the rise of a few impressive billion-dollar startups. Bytedance Inc’s TikTok, for instance, is so ‘hip’ that it makes Snap Inc look like a company catering to your parents. Sensetime Group Ltd and Beijing Megvii Co are masters of creepily powerful ... Read More »

Startups get major boost in Budget 2019

Bengaluru: In a major boost to thousands of startups in India, the Narendra Modi-led National Democratic Alliance (NDA) government announced a host of incentives to “release the entrepreneurial spirit” in the words of India’s first woman finance minister, Nirmala Sitharaman. These include a TV programme exclusively for startups, easing foreign direct investment rules into startup segments like grocery, e-commerce and food ... Read More »

[Startup Bharat] Giving space isn’t enough, startups also need money: Anupam Jalote of iCreate

Startups from smaller towns often lack the advantages that those in metro cities take for granted. That’s why the role played by incubators and accelerators is so important. They not only function as coworking spaces, but also provide guidance and mentorship, and help startups scale. Ahmedabad-based iCreate is one such autonomous technology business incubation centre that identifies and nurtures aspiring entrepreneurs.  The brainchild of Prime Minister Narendra ... Read More »

Funding in Indian startups this week (27 May-01 June)

This week 17 Indian startups received funding, of which 14 received a total sum of about $93 million. Among them, Ather Energy raised the highest funding of about $51 million followed by GlowRoad which raised about $11.5 million. Meanwhile, funding for 3 of the total funded startups remained undisclosed. Below is the summary of deals closed this week: Ather Energy: ... Read More »

Govt To Ease Income Tax Norms To Help Startups Receive Benefits

After being re-elected for the second term, the Modi-led government is now planning to ease the tax norms to provide advantages to startups under the income tax law which allow 100% tax deduction. In 2016, the government had announced a 100% tax deduction for any three consecutive years. The startups which did not have a total turnover of INR 25 Cr and ... Read More »

[Weekly funding roundup] Investments in startups down 76pc this week as India prepared for election results

Startup funding activity saw a significant slowdown in the fourth week of May ahead of the announcement of results for the Lok Sabha polls. Votes were counted on Thursday, and the incumbent Bhartiya Janata Party-led government returned to power with a strong majority. The week to Friday saw only $45.6 million raised across nine deals, down 76 percent from the previous week, when ... Read More »

Funding in Indian startups this week (13 May-18 May)

This week 12 Indian startups received funding, of which 9 received a total sum of about $258 million. Among them, Grofers raised the highest funding of about $200 million followed by Dailyhunt which raised about $22 million. Meanwhile, funding for 3 of the total funded startups remained undisclosed. Below is the summary of deals closed this week: Grofers: Online grocery ... Read More »