The two countries will promote collaboration among start-ups and set up a Korea Start-up Centre (KSC) in India to commercialise ideas, technologies and designs of start-up companies.
For Uber, this acquisition is seen as a strategy to reduce losses on a global level as it prepares for a possible public offering.
But he may still live in the details. Hits and misses from the new rulebook.
The latest notification has kept most of the startups out of the angel tax net, but there are riders that could hurt the ecosystem.
The recommendation has been written basis feedback received from over 40,000 consumers and 10,000 small and medium enterprises between October and January.
With an aim to relax the norms and make it easier for startups to thrive in the country, the government on Tuesday widened age cap of startups from 7 to 10 years.
Bengaluru-based Smallcase is bringing thematic investing to the masses.
Barely a couple of months away from the Lok Sabha elections, the government is in a fix on whether to first launch a draft for consultation or release the e-commerce policy.
Oyo last raised $800 million in a financing round led by SoftBank Investment Advisers (SBIA) with participation from Lightspeed Venture Partners, Sequoia and Greenoaks Capital in September.
The food delivery startup will launch a pilot program in Gurugram soon and has partnered with 3,500 stores to provide the service.
In grocery delivery, Swiggy will have to fight it out with likes of Amazon, and Walmart backed Flipkart.
Swiggy has now delved into the hyper-local delivery space, which is becoming one of the most attractive avenues of Indian retail market
Missing local leadership and no power to India representatives are among those that brought Twitter under the scrutiny of parliamentary panel.
To begin with, Swiggy will be delivering from across over 3,500 stores in Gurugram
Customers also said that even the delivery timing and availability of the products suffered post the implementation of the new FDI rules.
According to a report by LocalCircles and the Indian Private Equity & Venture Capital Association (IVCA), over 73 percent of startups, which raised capital between Rs 50 lakh to Rs 2 crore in India, have received angel tax notices from the I-T Department till date
Angel tax has been the biggest bone of contention for startups as they are subject to it whenever they raise money from friends, family, and venture capitalists.
There was no clarity if the government will push for an open consultation by the industry stakeholders on the draft before coming out with the final policy.
Besides reduced commissions, these sellers could also enjoy better positioning of their products on the app or the website — a factor that heavily influences the business a seller will generate.
Selling Flipkart at a discount would hurt Walmart’s global shareholders. Even then, it won’t find a foreign buyer due to new ecommerce norms. An Indian buyer, if there is one, will like it dirt cheap.
Angel tax is on the difference of fair market value and face value, but methods of determining fair market value is flawed.
Angel tax has been the biggest bone of contention for startups as they are subject to it whenever they raise money from friends, family, and venture capitalists
OYO expects revenue of more than 14 billion rupees for the current financial year ending March, it said in a statement.
The decision was taken after a round-table that DPIIT and CBDT had with key angel investors and startups on February 4. It was chaired by Abhishek.
The development comes less than a month after Flipkart founder Sachin Bansal invested $21 million in the company.