Delhi-NCR has emerged as the most funded city in 2016, according to a report by startup analyses firm Tracxn. In the first six months of 2016, Indian startups raised $1.8 billion, out of which Delhi-NCR received $917 million. This was helped by $250 million and $200 million funding raised in February by Gurgaon-based Ibibo Group and [...]
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Startups in India for long have been the favorites of private equity and venture capital investors doling out funds. Banks, however, have been tough players on the funding scene. While banks in India (both private and public) are beginning to introduce initiatives to cater to startups, the efforts remain largely limited to regulatory guidance and [...]
JSW Ventures has received mandatory clearances from SEBI to invest $15 Mn (INR 100 crores) in early stage startups over a period of three years. The initial focus will be on technology-enabled startups operating in education, healthcare, financial services, SaaS and enterprise software space. The fund will be overseen by Parth Jindal, son of group chairman [...]
Angel investors don’t just reside in big cities. Investors from smaller cities such as Guwahati, Kanpur, Vadodara, Raipur, Visakhapatnam, Agra, Jaipur, Chandigarh are increasingly ready to bet on innovative business ideas, says a study by deal making platform LetsVenture. According to the study which looked at deals struck by investors and startups on its platform, [...]
It’s not only investor appetite that has taken a turn of caution in the past few months, but entrepreneur expectations have been rationalised too, data from around 10,000 start-ups on deal-making platform LetsVenture shows. Start-ups at ideation, beta, and proof-of-concept (POC) stages (early-stage start-ups, essentially) in the consumer sector have been seeking a lower amount [...]
It’s very exciting as a founder when you start a company, you are full of energy and excited about the possibility of the future. Before you get to doing the fun stuff make sure you’ve got the foundation down. A lot of startups I’ve seen neglect some very basic things that will eventually cause the [...]
The draft model law on goods and service tax (GST) has proposed bringing all online buying within the purview of the proposed levy. The move will end uncertainty over tax on purchases from e-commerce sites. Introduction of GST will provide clarity on where the tax is levied, as the entire burden moves from the point [...]
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In order to promote awareness and adoption of intellectual property rights of startups and protect and commercialise them, Indian Patent Office has issued some guidelines. This will guide the startups regarding the procedure to be adopted for filing/processing their applications for patents, designs, trademarks and fees to be paid to the facilitators thereof. The step [...]
As if the slashing of their valuations was not worrying enough, the income tax department, it appears, is planning to tax startups who have witnessed a slash in valuations. Section 56 of the Income Tax Act confers the tax department the power to tax the excess consideration (more than the fair value) against issue of [...]