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Startup India

This category contains 10 posts

Companies will have to declare job creation estimates to avail benefits under Startup India

[Source: economictimes.indiatimes.com] Companies eyeing benefits under the Startup India programme will soon have to declare upfront how many jobs they will create in order to qualify as the government moves to make employment generation the guiding principle for all its major programmes. "We will soon notify the new definition for startups, which goes beyond innovation," [...]

Zoho fires the first salvo–launches GST ready accounting solution

[Source: inc42.com] “Accounting should not be tactical. Accounting should be strategic. It should not be isolated but connected.” It is with these thoughts in mind and an India getting ready to enter a new single taxation GST (goods and services tax) regime in July of this year, that enterprise software pioneer Zoho launched its GST-compliant [...]

16 Red Flags For Startup Investors

[Source: www.forbes.com; Author: George Deeb] George Deeb is an entrepreneurial CEO, growth expert at Red Rocket Ventures, and author of "101 Startup Lessons–An Entrepreneur’s Handbook" In Red Rocket’s Definitive Checklist for Startup Success, we detailed the many things that startup investors are looking for, before making an investment. But, I didn’t really talk about the [...]

Equalisation Levy is going to create a huge problem for startups

[Source: www.forbesindia.com] Tax lawyer Nishith Desai believes the Equalisation Levy, also known as ‘Google Tax’, will have important repercussions for the Indian startup ecosystem As part of the continuing opposition from industry bodies to the ‘Equalisation Levy’ that came into effect earlier this year, the Internet and Mobile Association of India (IAMAI) and law firm [...]

7 Strategies For Raising Your First Million In Startup Capital

[Source: www.forbes.com] Raising startup capital doesn’t have to feel like climbing a mountain. Neeraj Berry, cofounder of healthy food delivery startup Sprig, Jewel Burks, CEO and founder of visual search technology company Partpic, and entrepreneur and angel investor Wayne Chang, offered easy lessons on raising capital during the Forbes Under 30 Summit. 1. Treat fundraising [...]

ECB for startups to be allowed

[Source: www.thehindubusinessline.com] Overseas loans at lower rates may help start-ups stay afloat In a bid to give a further impetus to the growing start-up ecosystem in the country, the RBI has allowed them to raise up to $3 million a year through external commercial borrowings (ECBs). In his first Monetary Policy speech, RBI Governor Urjit [...]

Build a business, not just a startup

[Author: Abhishek Sanyal; Source: yourstory.com] Have you ever wanted to start something of your own? Of course, you did! I did too. And the startup scene in India is very encouraging and inspiring today. There exists an ecosystem with angels, mentors, VCs and scores of other founders. It is brimming with passion and bright ideas, [...]

Despite hype, only one firm qualified for Startup India

The official figures government tabled in Parliament earlier this week show that the Startup India portal received a total of 728 applications till Monday (the notification defining startups was published on Feb. 17, 2016). Of these, it categorised 180 applicants as startups (whose applications were found to be complete), but found that only 16 applicants [...]

Only 16 applicants found eligible for start-up tax benefits

Only 16 of the 728 applications received under the Start-up India initiative have been found eligible for tax benefits, according to the government. “Till date (July 18), 728 applications have been received. Of them, 180 are complete and the applicants are recognised as start-ups,” a statement from the Department of Industrial Policy and Promotion (DIPP [...]

A disruptive startup just sold for $1 billion—and it isn’t even a tech company

Dollar Shave Club, a direct-to-consumer business that sells men’s razor blades on a subscription plan, was just acquired by personal care giant Unilever for a reported $1 billion. The largest player in the industry is Procter & Gamble’s Gillette unit. It works according to a tried-and-true industrial method of spending vast sums on R&D, marketing, [...]