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Tanuj Jhunjhunwala, 24, quit his job in a multinational car maker to return to his alma mater, the Indian Institute of Technology (IIT), Madras, to start an underwater robotics company. A year on he is gung-ho about his decision. “IIT Madras gave me space, helped in business strategy and provided mentoring. The brand IIT, and […]

E-commerce major Snapdeal has announced that it has suspended the accounts of 23 sellers on its platform. The company had recently introduced new processes to its seller management systems. With the new update, these sellers were found to be indulging in unfair business practices. The refreshed seller interface backed by integrated analytics allow concurrent screening […]

Weak business models and a funding slowdown are forcing many Indian consumer Internet start-ups and their venture capital (VC) backers to seek help from investment bankers in order to secure fresh funds from new investors or find buyers. Last year, several banks including Kotak Investment Banking, Motilal Oswal Financial Services Ltd, Morgan Stanley and others […]

Ecommerce-focused logistics companies are prepping for a year of hard graft, battling infrastructure hurdles and competition from a new breed of startups while also keeping pace with the ambitious growth targets of the country’s biggest online retailers. GoJavas, Ecom Express and Delhivery are rushing out a slew of services, expanding their reach and building up […]

Overseas investors can now sell their stakes in Indian start-ups to local companies; start-ups also allowed to file reports over the Internet. The Reserve Bank of India (RBI) allowed overseas investors to sell their stakes in Indian start-ups to local companies, potentially giving foreign venture capital (VC) funds an easier exit route. The regulator also […]