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Wednesday, June 23, 2021

PM Modi calls for repair and prepare of economy, health infrastructure

June 16, 2021 7:19:25 pm

India, he said, is home to one of the world's largest startup ecosystems and several unicorns have come up in recent years.

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Urban Company raises $255 million, valuation crosses $2.1 billion

June 2, 2021 1:44:20 pm

The series F round - which also saw participation from Vy Capital, Tiger Global and Steadview - takes Urban Company's valuation to USD 2.1 billion.

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Zeta turns unicorn after raising $250 million from SoftBank Vision Fund 2

May 25, 2021 1:29:13 pm

With its Series C round of investment from SoftBank Vision Fund 2, Zeta's valuation stands at $1.45 billion, turning it into a unicorn. This is one of the largest single investments in a banking tech startup globally, the start-up said.

upGrad, upGrad news

Upgrad buys online higher education start up Impartus for Rs 150 crore

May 24, 2021 1:32:26 pm

After the completion of the acquisition Impartus will be rebranded as upGrad Campus, and will boost its revenue run-rate by an additional Rs 85 crore, the company said in a statement.

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Byju’s to become India’s most-valuable startup after UBS funding

April 29, 2021 11:28:28 am

The UBS investment will take the valuation of Byju’s past digital payments startup Paytm, which was last valued at $16 billion.

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Stripe’s value jumps to $95 billion, becomes top US startup

March 15, 2021 12:23:48 pm

Stripe was founded in 2010 by two Irish siblings: 32-year-old Patrick Collison and his younger brother John, 30. Their net worth surged to $11.4 billion each with the latest valuation, according to the Bloomberg Billionaires Index, up from $4.3 billion in the last funding round.

DPIIT to organise global summit on startups on January 15-16

December 23, 2020 3:00:11 pm

Startups from Asian countries, domestic players and global entrepreneurs would participate in the virtual summit, the official in the Department for Promotion of Industry and Internal Trade (DPIIT) said.


Delhivery eyes IPO in next 12-15 months; gets $25 million investment from Steadview

December 15, 2020 4:16:54 pm

Delhivery, which covers 2,300 cities, provides a full suite of logistics services such as express parcel transportation, LTL and FTL freight, reverse logistics, cross-border, B2B and B2C warehousing, and technology services.

ed-tech firms, education sector funding, covid crisis, economy news, Indian express news

Covid effect: Ed-tech firms corner $1.95 bn funds so far this year

December 2, 2020 1:00:58 pm

The amount, raised since the beginning of the year till date, is 31 per cent higher than the combined funding of $1.48 billion collected in the preceding five years.

Startups’ registration at GeM more than doubled to 7,438 in last one year: Official

November 16, 2020 4:34:18 pm

The Government e-Marketplace (GeM) was launched in August 2016 for online purchase of goods and services by all the central government ministries and departments.

Swiggy announces employee stock liquidity programme

November 9, 2020 6:12:50 pm

Under the programme, employees will be able to sell their shares to investors in the company.


FreshToHome raises $121 million in funding from Investment Corporation of Dubai, others

October 28, 2020 11:39:26 am

FreshToHome claims to be the world's largest fully integrated online brand in fresh fish and meat e-commerce, with approximately 1.5 million B2C orders per month and USD 85 million (about Rs 600 crore) annualised sales run rate on the platform.

43% MSMEs and startups plan on hiring women over next 6 months: Survey

October 20, 2020 7:14:33 pm

As per a survey conducted by community engagement platform LocalCircles, which got over 7,000 responses from startups, MSMEs and entrepreneurs across 104 top business districts in India, 31 per cent of such firms across the country have reduced their women workforce in the last 8 months.

Maruti Suzuki shortlists five new startups under its MAIL programme

September 29, 2020 12:24:11 pm

Maruti Suzuki India's MAIL initiative supports startups by co-creating innovative business solutions. It was launched with an aim to nurture innovation in the automobile and mobility sector in partnership with GHV Accelerator in January 2019.

‘Indian startups should cut reliance on foreign funding sources like US and China’

September 16, 2020 10:01:58 am

The House panel, which tabled its report on “Financing the Startup Ecosystem” in Parliament on Tuesday, also recommended the Centre to abolish the long-term capital gains tax for all investments in startups made through angel funds, alternate investment funds and investment LLPs.

At Rs 1 for 1GB, Bengaluru startup aims to provide affordable internet

January 23, 2020 5:13:04 am

The cost of access to broadband is still high for most Indians, largely due to the third-party hardware, software and networking infrastructure.

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Interview: ‘Trying to get non-resident HNIs to invest directly in startups based out of Kerala’

September 29, 2019 12:30:11 am

Kerala’s Secretary to Chief Minister and Secretary to the Department of Electronics & IT, M Sivasankaran said that the state government set up a fund of funds to provide better financing options to home-grown startups.

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Zomato extends Gold programme on dining out to deliveries now

September 21, 2019 7:04:02 am

Zomato has also announced changes to Gold rules on dining out by limiting Gold use by a single user to one per day and allowing a maximum of two Gold unlocks per table.

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Weak tax collection data, cloudy US Fed outlook pull Sensex down 470 points

September 20, 2019 2:17:14 am

The Centre’s direct tax mobilisation showed just 4.7 per cent growth till September 17, compared to a target of 17.5 per cent budgeted for the full year.

AICTE, UGC, JEE, UGC circular, Indian books for engineering

‘With over 7,000 startups, Delhi NCR ahead of Bengaluru, Mumbai’

September 11, 2019 3:55:24 am

According to the ‘Turbocharging Delhi NCR startup Ecosystem’ report, Delhi NCR accounted for a 23 per cent share of startups in the country.

Hyderabad: Drunk group of men assault Swiggy delivery man, probe underway

‘Swiggy Go’: New pick up and drop service launched in Bengaluru

September 4, 2019 1:24:42 pm

Swiggy Go is an instant pick up and drop service to send packages anywhere in the city. Like Swiggy Stores, Swiggy Go will be part of the app, the company said in a statement.

AICTE, UGC, JEE, UGC circular, Indian books for engineering

Tax holiday only for startups with turnover up to Rs 25 crore: CBDT

August 23, 2019 3:54:49 am

As specified in Section 80-IAC of the Income Tax Act, 1961, these startups will receive deduction for “100 per cent of income” for three out of seven years from the year of its incorporation, the Board said in a statement.

Government booster dose for startups: No tax on funds raised last 7 years

Relief for startups: CBDT lays down procedure for pending angel tax cases

August 9, 2019 4:50:16 am

In a clarification, CBDT has laid out procedures that prevent assessing officers (AOs) from scrutinising angel capital raised by startups recognised by the DPIIT.

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Angel tax breather: Startups, investors divided over clarity

July 9, 2019 4:42:30 am

Nirmala Sitharaman had said that startups and their investors filing requisite declarations and providing information in their returns will not be subjected to any kind of income tax scrutiny over the valuations of their share premiums.

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Startup India: In 34 months, only 94 of 15,798 govt recognised ventures got tax exemptions

February 21, 2019 12:11:46 pm

According to the latest available data, as of mid-January 2019, 4,648 complete applications were received for exemption under Section 80IAC of the Income Tax Act.