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Rocket Internet-incubated fashion e-commerce venture Jabong that hit a speed bump in the second half of 2015 has begun the new year with a marked improvement in performance while simultaneously cutting down operating loss. Jabong, which competes with Flipkart-owned Myntra among others, has been focusing on mending its leaking boat. Its EBITDA or operating loss […]

Industry estimates suggest that nearly two startups are born daily in India adding to the already existing pool of strategically placed companies knocking on investors’ doors. However, in recent times, the country has seen a tilt, with investors taking interest in startups that have proven product/service profile for ideas gaining ground with Internet-savvy consumers looking […]

US-based cloud infrastructure DigitalOcean announced a tie-up with Nasscom’s 10,000 Startups initiative to grow and support the startup ecosystem in India. It plans to assist the startups in India through one-on-one interactions, workshops, boot camps, and mentorship programs. DigitalOcean has also created a special cloud credit program as an incentive for the startups associated with […]

If the proposed levy on online advertisements is actually implemented, it would translate into startups ending up paying 6% over the 14.5% service tax. This equalization levy on online advertisements can burn a hole in the pockets of early stage startups for which online advertising makes more because of its targeted reach and lower cost. Manik Mehta, cofounder Leaf Wearables, a […]

The new Intellectural Property Policy is in compliance with TRIPS. Finance Minister Arun Jaitley released India’s National Intellectual Property Rights (IPR) Policy recently. The Policy which is in compliance with WTO’s (World Trade Organisation) agreement on TRIPS (Trade Related aspects of IPRs), aims to sustain entrepreneurship and boost Prime Minister Narendra Modi’s pet scheme ‘Make […]