Page 3 - Startup India

40% Indian tech startups have suspended work due to coronavirus: Nasscom

Revenue declined by more than 80 per cent for about 34 per cent such companies, says online survey.

Amid race to woo small traders, CAIT readies online portal for kiranas

Called bharatemarket.in, the announcement comes at a time when e-tailers Amazon and Flipkart and offline player Reliance Retail are trying to woo small traders

Indian VC industry grows by 55% in 2019; Rs 72,0000 crore invested

The report was prepared by Bain & Company in partnership with Indian Private Equity & Venture Capital Association (IVCA)

Sequoia India leads $16 mn funding round in healthtech start-up Qure.ai

Qure.ai will use the capital to drive geographical expansion, expand product portfolio in two more areas

Budget 2020: FM Sitharaman proposes easing of tax payments for startups

During their formative years, startups generally use ESOPs to attract and retain highly talented employees, she added

University of Illinois offers 'soft-landings' to Indian startups in US

Its President Timothy L Killeen lauded the vibrant Indian startup ecosystem and said his university with its experience and being located "at the heart of the market" can offer help to such firms

App-based consumer credit provider MoneyTap aims at Rs 5,000 cr loan book

Firm has raised Rs 500 cr in equity and debt. It was launched in Sept 2016 as India's first app-based consumer credit line three serial entrepreneurs

To build strong ecosystem, govt sets up National Startup Advisory Council

The Council will suggest measures to foster a culture of innovation among students and others, the commerce and industry ministry said in a statement

Venture Highway raises $78 mn to fund early-stage tech companies in India

With portfolio companies such as Meesho, Sharechat, Moglix, and Cars24, the early-stage investment firm has so far invested in 20 start-ups

Budget 2020: To support growth, govt may provide tax incentive to startups

The Department for Promotion of Industry and Internal Trade (DPIIT) has suggested several measures to the finance ministry for start-ups in the budget

IISc to set up research park to help start-ups with infra, finances

The research park will come up with Rs 50-crore investment

Startup India Vision 2024: DPIIT may cut compliance time to 1 hour/month

So far, over 24,000 start-ups have been recognised by the department. They are eligible for various tax incentives

Online classifieds Quikr planning IPO in 2021, says founder Pranay Chulet

The firm has a slew of online businesses covering realty, bookings, jobs search, used-goods buying and selling, and home services

Social commerce startup Meesho gets $125 mn funding from Facebook, Nasper

Meesho is part of a crop of new e-commerce companies that are trying to take advantage of social connections to facilitate sales

Govt may enhance start-up fund to Rs 20,000 cr in Budget 2019: Sources

Even the Economic Survey which was presented on Thursday highligthed the importance of the segment

Startup India initiative created over 560,000 jobs since 2016, says govt

More than Rs 2,500 crore has been disbursed for investments into start-ups

Govt slashes Startup India kitty to Rs 25 cr; Make in India gets more money

Overall, the total allocation for Make in India initiative was increased to Rs 473.3 crore for 2019-20 as against the revised estimate of Rs 149 crore in 2018-19

Why a Startup India certificate may be worth no more than a piece of paper

It rarely opens up the door to angel or VC funding and even the tax breaks it offers are usually meaningless

Starting trouble

Fund allocations under Start-up India falter

Start-ups 2019: Why the Modi govt is being cautious in funding enterprises

Just five of the 30 AIFs got more than a third of the money under Start-up India and, in turn, invested in only 20 of the total 163 start-ups funded till date