Startups

Google to mentor 10 startups in Bengaluru from October 14

BENGALURU: Google on Wednesday announced to kick-start third class of its three-month “Launchpad Accelerator India” programme from October 14 here with a line-up of 10 fresh startups. Similar to the two previous classes, these startups will get access to mentorship from Google teams and industry experts, free support, Cloud credits and more, the company said in a statement. The startups will undergo an intensive ... Read More »

Tech startups and incubators applaud FM’s tax cuts and CSR initiatives

Bengaluru: The latest corporate tax cuts announced by the finance ministry will the reduce cost of capital and incentivize more investments in the consumer Internet segment, according to tech startups and investors in the startup space. The Finance Ministry last week effectively reduced corporate taxes for domestic companies to 25%, down from around 30%. Apart from this, the ministry also widened ... Read More »

Deep tech startups win over ‘patient’ VC funds

MUMBAI: Funding in deep technology startups has seen a spurt with investors and VC firms pooling in more money in higher number of funding rounds in the past year as their appetite for niche products and platforms is growing significantly. Higher technology expertise, global ambitions and more availability of ‘patient’ capital have been the key reasons, experts conclude. A rising number of bets by ... Read More »

[Weekly Funding Roundup] Equity falls 88 pc as startups raise only $75.7M

This week, equity funding receded to just $75.7 million, 88 percent less than last week’s $624.6 million. This week’s funding was spread across just 14 deals, 11 of which were early-stage. The reason for a poor show was the absence of mega rounds and late-stage deals. Weekly funding roundup Early-stage deals Mumbai-based startup Atomberg Technologies raised $10 million as a part ... Read More »

T-Hub launches angel funding programme for startups in Telangana

HYDERABAD : Hyderabad-based startup incubator T-Hub on Thursday announced the launch of its funding programme T-Angel, through which it will help startups raise capital. The three-month investment acceleration programme is a joint venture with the Telangana state government and will be executed by T-Hub and online investment platform LetsVenture. The programme is the first in a series of funding focused programmes by T-Hub, and ... Read More »

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 »