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
Economic Survey 2021 says India among top 50 innovators but private sector needs to step on R&D
The government expects businesses to produce more patents and original research, as it does 'a disproportionate amount of heavy-lifting', contributing 56 percent of the gross expenditure on R&D', says the Economic Survey.
BUSINESS
Exclusive: Swiggy Auditor KPMG points out discrepancy in accounting
Experts believe start-ups have been relatively lax about auditing and accounting rules, and this case could set the tone for more public liability
BUSINESS
Startup sages: Meet Rohit Agarwal, the investment banker turned unicorn CFO
For 12 years, through stints with Credit Suisse, UBS and Avendus, Rohit Agarwal helped connect investors and companies, and worked on deals aggregating to over $20 billion. Then he changed tack and joined Zenoti, a company selling software for salons and spas in a dozen countries, overseeing fundraising and acquisitions, as well as finance and planning. It was a career change rather than a job change, and here’s why he made the shift
BUSINESS
Take a Hike: Why Kavin Mittal shot the messenger
The shutdown of Hike’s messaging service surprised many, but for those watching closely, the signs were always there. More than four years after it became a unicorn, Hike, which has now entered other segments such as gaming, is finding it harder than ever to justify that tag.
BUSINESS
Fireside Ventures closes second fund at Rs 863 crore
The company had raised $60 million for the first close of the fund in November 2019
BUSINESS
Indian startups are flush with money but are they staring at a valuation bubble?
Many companies across sectors are being overvalued, valued on shaky metrics, and venture capitalists are more bullish than ever. But, is there a reason to it - method behind the madness, or does India have a startup valuation bubble?
BUSINESS
Small-town dreams to $1 billion valuation: How Aakash Educational Services grew wings
Byju’s is in talks to acquire Aakash Educational Services in a billion-dollar deal. But what makes this coaching-led education company founded by JC Chaudhry tick? How did it become the target of an acquisition? Read on to find out
BUSINESS
Exclusive | Want to de-link from China, be a global brand: boAt Lifestyle CEO Sameer Mehta
In an interview with Moneycontrol, Sameer Mehta, CEO of boAt Lifestyle- the headphones and audio brand talks about the importance of local manufacturing, what makes boAt different, and provides insight into one of India's hottest new consumer brands
BUSINESS
Indian startups end dependence on Chinese money
Immediately after the ban, many startups had to reconfigure funding plans and look at different options overnight, but founders acknowledge that the transition has been far smoother than expected.
BUSINESS
Endiya Partners closes Rs 500 crore second fund
Investors in Endiya’s current fund include the International Finance Corporation and the Nippon India Digital Innovation fund- an India-Japan initiative. Nippon is one of Japan’s largest life insurance players.
BUSINESS
Cred raises $81 million from DST Partners, others at $800 million valuation, buys back ESOPs
Existing investors such as Sequoia Capital, Ribbit Capital, Tiger Global, General Catalyst also participated in the round. New investors include hedge fund Coatue Management and Satyan Gajwani, Vice Chairman of Times Internet.
BUSINESS
Explained | Section 230: Why a social media law angers Trump and what it means for us
Donald Trump wants to abolish a 26-word law that defines the internet era, and the abolishment of which could destroy many businesses. But, the law may need reworking. Moneycontrol breaks down what is at stake.
BUSINESS
From coding to live classes, 5 young Indian ed-tech startups you should know about
As larger edtech unicorns grab the headlines, Moneycontrol looks at some of the interesting younger online learning startups.
BUSINESS
Exclusive| Billionaire Yuri Milner fund in talks to invest in Rupeek
Milner, along with other top VCs, is in talks to invest in gold loans startup Rupeek, nearly doubling its valuation in less than a year. Its current backers include Sequoia, Accel and Binny Bansal.
BUSINESS
Choose your customers, don’t let them choose you, says Zenoti CEO Sudheer Koneru
India's newest unicorn software startup Zenoti has built a billion-dollar business catering to spas and salons. CEO Sudheer Koneru tells us why he only works with big businesses, how the coronavirus pandemic has proved him right, his IPO plans and more.
BUSINESS
Wakefit raises Rs 185 crore from Verlinvest, Sequoia India
Wakefit was valued at about Rs 1900 crore, a jump of nearly 10 times from when Sequoia first invested Rs 70 crore valuing it at Rs 210 crore in 2018.
BUSINESS
Exclusive | Companies that aren’t tech-centric will be wiped out, says chief of SoftBank-backed Mindtickle
Mindtickle started in 2011 with an aim to gamify the life of boring software companies and make their internal processes more fun. CEO Krishna Depura tells Moneycontrol how the company did this, expanded to the US, pivoted, and even secured funding from Japanese investment giant SoftBank
BUSINESS
Startups look beyond IITs, IIMs for top talent
Top institutions such as the IITs and the IIMs have always been highly regarded in India’s startup ecosystem. They have produced founders who have created multiple billion-dollar companies, investors who were savvy enough to spot them early, and given employment to thousands.
BUSINESS
Shadowfax offers ESOP buyback worth $5 million, elevates two senior execs to co-founder
Employees who have been with Shadowfax for more than four years can sell up to 35 percent of their vested stock options
BUSINESS
Book review | No Rules Rules is a tight, detailed account of the inner workings of Netflix
This new book on Netflix's unique and sometimes shocking work environmnt is a fresh, new way of looking at corporate culture.
BUSINESS
Chinese products hugely popular on Amazon, Flipkart despite anti-China sentiment - here is why
There were numerous non-branded products sold on Amazon, Flipkart showcasing China as their country of origin.
BUSINESS
Explained: Quibi was supposed to be entertainment’s next big thing. Why is it shutting down?
It started as an alternative to the likes of Netflix and Amazon Prime. But from the very beginning, there were doubts about its success, though it raised $1.75 billion even before it had a single live product.
