The Income Tax Department obtained valuation reports by two different Bangalore accounting firms in 2014 under which it has issued a notice to the health-tech startup Practo.
The Google-funded startup has offered two-month salary to employees who have been asked to leave
2017 has started with a cautious mood in the Indian startup investor community. Volume of deals declined to almost half in January from a year ago, as investors adopt a wait and watch approach post demonetisation of economy.
The series D funding also saw participation from three new investors -- u-Net, RSI Fund (owned by Recruit Holdings) and Thrive Capital. With this, the company has raised close to USD 180 million so far.
Lending mechanisms in India revolve around collateral, business models and revenue generation â€” neither of them a startup‘s biggest strength. This is where venture debt firms step in, helping startups to sustain operations till they get equity funding.
Consumers across India will now be able to book an Ola cab ahead of their doctor‘s appointments, directly from Practo app.
Practo and Delhivery were presented with the Startup of The Year Award at 11th India Business Leader Awards. CNBC-TV18 caught up with the founders to find out what is keeping them busy.
In an interview with CNBC-TV18's Adith Charlie, Vivek Gupta, CEO of Dalmia Biz, talks on the new foray.
Tightened funding environment has increased uncertainties in the startup industry and it is imperative for startups to have enough cash to survive for 18-24 months, said Kris Gopalakrishnan, Co-founder of Infosys.
Ganesh Natarjan, the former CEO of Zensar Technologies, has started his venture with a kitty of Rs 5 crore that will fund start-ups over the next 6 months.
Dugar will be responsible for the leadership of Practo's financial legal and regulatory operations, Practo said in a statement.
CNBC-TV18 caught up with some of the most successful start-up entrepreneurs‘ and investors on the sidelines of the Surge Summit in Bangaluru to find out what they wanted from the Budget.
New enterprises today applauded Prime Minister Narendra Modi's Startup India action plan, saying it will help them gain foothold and encourage more entrepreneurs to start businesses.
The buyout makes Practo the world's largest appointment booking platform with nearly 40 million appointments managed every year, it said in a statement.
Practo is an internet based service to schedule appointments with doctors and has established its strong presence in International Markets like Philippines and Singapore.
Launched in May 2008, Bengaluru-based Practo has digitized clinical record management systems and thus provided virtual aid for doctors and patients with its three products