BUSINESS
Mpowered seeks SEBI approval to set up AIF for retail investors
Mpowered, which recently raised $21 million from high-net-worth individuals, helps property owners convert their real estate liabilities into profit-generating ventures.
BUSINESS
Meet new Amazon CEO Andy Jassy: Blend of wit, humour and customers-first approach
An old-timer at Amazon, Andy Jassy is also known for his wit and humour. He apparently does not think twice before taking a pot shot at competitors.
BUSINESS
Here's how you can apply for funds from govt's Startup India Seed Fund scheme
The fund will provide up to Rs 20 lakh as grant for validation of proof of concept to the startups. This grant will be disbursed in milestone-based instalments.
BUSINESS
Union Budget 2021: Centre leaves startups to be atmanirbhar, with little on table
The extension of capital gains exemption for investment in startups has been applauded by one and all.
BUSINESS
Union Budget 2021: Gig workers like e-commerce delivery boys, cab drivers likely to come under security net
Union Budget 2021: The government will launch a portal that will collect information on gig and construction workers.
BUSINESS
Budget 2021: NRIs can now start One Person Companies, but less relevant for startups
Union Budget 2021-22: One-person companies are very popular in other markets such as the US, Europe and Singapore.
BUSINESS
Regulate instead of banning cryptocurrencies in India, say entrepreneurs
The Regulation of Official Digital Currency Bill, 2021 is likely to be introduced in the Budget Session of Parliament. The bill, if passed, will prohibit the use of cryptocurrency as legal tender and currency.
BUSINESS
Over 40 funded startups working in space segment in India: Economic Survey
The government had opened up the space sector in June 2020 enabling participation from private firms in space initiatives
BUSINESS
Economic Survey 2021: Start-ups created 4.7 lakh jobs till December
India is now home to 38 unicorns, with at least 12 startups getting added to the list in 2020, says the survey.
BUSINESS
Here how this home-grown firm's temperature-controlled boxes will aid pharma companies in transporting Covid-19 vaccines
Here how this home-grown firm's temperature-controlled boxes will aid pharma companies in transporting Covid-19 vaccines
BUSINESS
Bombay Shaving Company raises Rs 45 crore in a round led by Reckitt Benckiser
The company, which has a portfolio of more than 100 products across shaving, skin, and beard care, will utilise the funds to scale up operations.
BUSINESS
Swiggy's FY 2020 losses widen 61% to Rs 3,768 crore
Swiggy, however, reported a 115 percent increase in revenue at Rs 2,776, with a total expense of Rs 6,545 crore.
BUSINESS
Melorra founder says offline retail isn't dead, launches three outlets in Delhi
The company plans to launch a few more stores in March in Mumbai and then step up the expansion from April with 30-40 outlets launched across the country by December.
BUSINESS
How the geniuses behind the 3 Idiots drone bagged a $20 million UAV deal from the Indian Army
Back in 2008, Ankit Mehta, Rahul Singh and Ashish Bhat had been working on drone technology for fun. The 26/11 attacks, however, made them determined to develop UAVs that would help the defence forces in hostage and siege situations. Today, their company, ideaForge, has bagged a $20 million contract from the Indian Army to supply high-altitude drones.
BUSINESS
Small-Town Startups | How a visit to Elon Musk’s SpaceX factory inspired this young techie to build India’s first private earth-imaging satellite
In a candid conversation, Awais Ahmed talks with Moneycontrol about how this whole idea came into existence, the challenges of building a space start-up in India and the investor’s sentiment towards this segment.
BUSINESS
Unacademy raises $50 million in secondary round from Tiger, Dragoneer, others
The latest transaction follows the round in November when Tiger Global and Dragoneer Investment Group invested in the Unacademy Group at a valuation of $2 billion.
BUSINESS
Here's how home-grown pharma startups plan to aid the government’s COVID inoculation drive
Anticipating that the government will ask the private sector to step in and help with the nationwide vaccination drive, these startups are busy ramping up their infrastructure and training resources to be ready for the inoculation effort
BUSINESS
Here’s why this Indore-based start-up calls itself the Netflix of regional content
Stage, founded by Vinay Singhal, Praveen Singhal and Shashank Vaishnav, aggregates video content created by local artists in regional dialects. Starting out with Haryanvi and Rajasthani, it plans to expand to at least 15 other dialects over the coming months.
COMPANIES
Here's why this Chennai-born software engineer joined the fight against unethical practices of Google
Muthukumar is one of the 400 odd Google employees who have formed a union to promote workplace equity and ethical business practices.
BUSINESS
Non-compliance with country of origin rule: Amazon executives to meet government officials on January 11
"In respect of COO information display to consumers, Amazon provides functionality for third party sellers registered on its marketplace to make the statutory product declarations for display and has done so for 100% of the products sold on the marketplace," the company said.
BUSINESS
Here is what startup founders are looking forward to in 2021
For them, 2021 is the year of hope, resurgence, but COVID-19 worries and those about India’s economic health are not too far behind.
BUSINESS
Shiprocket in talks to raise $20-22 million from March Capital, Tribe and others
Shiprocket works with courier companies and connects merchants, consumers and supply-chain partners across India and around the world
BUSINESS
Why 2021 could be the year of content-creators in India
From entertainment, news to gaming, there is an audience for every genre. The explosion of digital content and rising monetisation potential offer a huge opportunity to content providers and investors alike. Little surprise then that tech giants like Google have joined the race.
BUSINESS
Amazon Wholesale India revenue declines 70% in FY20
Amazon Wholesale India attributed the drop to the change in the government regulation resulting in lower customer adoption. The government had introduced Press Note 2 with an aim to bring a level playing field between online and offline retailers in December 2018. It got implemented in February 2019.
