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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 […]

It seems that PM Narendra Modi’s Startup India initiative is proving to be a walk on pins and needles for aspiring startups. In the last 3 months,out of 250 applications received, only one got clearance from the government to set up new business. Hyderabad-based Cygni Energy Pvt Ltd is the first startup to be selected. […]

Fund crunch is for real, and it’s adversely affecting a lot of companies today. Investors are increasingly becoming wary of placing big bets on startups. Private investment activity started on a tepid note in 2016 with private equity dealmaking staying weak while venture capital firms turning cautious on backing startups in the first three months. […]

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 […]